Answer:
The U.S. federal debt as a fraction of GDP in year 2050 will be 77%
Explanation:
According to the given data we have the following:
Debt in the end of 2018 = 104% of GDP
Nominal GDP growth = 3%
Interest on debt = 2%
In order to calculate What will be the U.S. federal debt as a fraction of GDP in year 2050 first we have to calculate the debt in 2050 using the following formula:
Debt in 2050 = Current Debt*(1+r%)n
Debt in 2050 = 104*1.0232 = 196
Next, we would have to calculate the GDP in 2050 using the following formula:
GDP in 2050 = Current GDP*(1+r%)n
GDP in 2050 = 100*1.0332 = 257.5
Therefore, Debt as percentage of GDP in 2050 = 196/ 257 = 77%
Answer:
$ in thousands) 2020
Net sales $4,163,770
Cost of sales before special charges 1,382,235
Special inventory obsolescence charge 27,876
Total cost of sales 1,410,111
Gross profit 2,753,659
Selling, general and admin expense 1,570,667
Research and development expense 531,086
Explanation:
Answer:
$205,592
Explanation:
Interest cost is the Present Value of this $ 20,000 annuity streams at time zero i.e. ( Year 2022
Value of annuity stream = $ 20,000 x 11.11839
Present Value of annuity streams at 2015 =$ 222,367.80
Discount Factor for 2017 = (1.04)-2 = 0.92456
Present Value at 2022= $ 222,367.80 x 0.92456
Service Cost= $ 205,592
