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const2013 [10]
3 years ago
6

Ethiopia has a GDP of $8 billion (measured in U.S. dollars) and a population of 55 million.

Business
1 answer:
Anarel [89]3 years ago
4 0

Answer:

Ethiopia = $146; Costa Rica = $2,250

Explanation:

The GDP per person, also known as GDP per capita is a very simple formula:

GDP Per Capita = Country's GDP / Country's Population

A) Ethiopia GDP Per Capita = $8,000,000,000 / 55,000,000

                                              = $146

B) Costa Rica GDP Per Capita = $9,000,000,000 / 4,000,000

                                                  = $2,250

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Answer:

The cost of the equipment is <u>$45,416</u>.

Explanation:

The cost of a newly purchased equipment is the addition of all relevant costs uncured in order to make the equipment ready for use.

The cost of the equipment includes costs such as purchase price, tax paid on the purchase, installation costs, etc.

However, any cost incurred to repair any damage to an equipment during installation is not part of equipment cost. Such repair costs are just ordinary expenses that are charged to the income statement during the period.

Based on the explanation above, the cost of the equipment by Oriole Company can be calculated as follows:

Equipment cost = Purchase price + Sales tax + Freight charges + Installation costs ..................... (1)

Since,

Purchase price = $41,600

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Installation costs = $696.

Substituting the values into equation (1), we have:

Equipment cost = $41,600 + $2,496 + $624 + $696 = $45,416

Therefore, the cost of the equipment is <u>$45,416</u>.

5 0
3 years ago
What is compounding interest?
Svetlanka [38]

Answer:

d

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the interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

4 0
2 years ago
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sashaice [31]

Answer:

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It guides towards making the best decision at market selection stage ,that will be of a great value  to the organization..

The two basic stages involved are evaluating the market and selecting market target segments and targeting strategy.

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3 years ago
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kipiarov [429]
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hope this helps
4 0
2 years ago
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