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3 years ago

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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Present all the journal entries including the adjustments that would be made on July 31, 2015, the end of the fiscal year, for e

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Answer:

Account Title Dr Cr

Supplies Expense (22,150+9,350-8,810)..............22690

Supplies....................................................................................22690

Interest Receivable .....................................................450

Interest Revenue .......................................................................450

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Unearned Revenue...............................................................$7,000

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3 years ago

What does country of primary residence mean?

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A tenant whose apartment has just been converted to cooperative ownership

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3 years ago

Comparing perfect first degree price discrimination to perfect competition one can conclude that: (i) Total social surplus is th

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Answer:

C. Both (i) and (ii) are true

Explanation:

Under perfect price discrimination, consumer surplus doesn't exist since the supplier is selling the good or service at the maximum price that each consumer is willing to pay. This situation maximizes supplier surplus.

Under perfect competition, both supplier and consumer surplus exist.

Since total social surplus = supplier surplus + consumer surplus, total surplus should be the same in both situations.

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3 years ago

Schneider, Inc., had the following information relating to Year 1: Budgeted factory overhead: $74,800 Actual factory overhead: $

astraxan [27]

Answer:

The actual direct labor hours are 45,000.

The overhead rate for Year 2 is $1.74.

Explanation:

Compute the actual direct labor hours:

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Therefore, the actual direct labor hours are 45,000.

Compute the overhead rate for Year 2:

$\begin{aligned}\text{Overhead rate}&=\dfrac{\text{Actual overheads}}{\text{Actual direct labor hours}}\\&=\dfrac{\$78,300}{45,000}\\&=1.74\end{aligned}$

Therefore, the overhead rate for Year 2 is $1.74.

Working note:

Calculate the overhead rate for Year 1:

$\begin{aligned}\text{Overhead rate}&=\dfrac{\text{Budgeted overheads}}{\text{Estimated direct labor hours}}\\&=\dfrac{\$74,800}{44,000}\\&=1.7\end{aligned}$

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3 years ago

A common practice for government entities, particularly schools, is to issue short-term (promissory) notes to cover daily expend

diamong [38]

This shorter payback period is positive and beneficial to the consumer, as it allows for harmony with amortization expenses.

We can arrive at this answer because:

A short payback period is beneficial because of its relationship to amortization, as long-term debt allows this amortization to take place.
These amortization expenses allow the cost of long-term assets to be represented in the payment.
However, when the short-term payback period allows for amortization, causing the asset's value to be reduced by the amount that will be paid by the consumer.

In this case, we can state that in cases like the one shown in the question above, the short payback period is very beneficial and interesting to the consumer, as it can promote economic benefits.

More information:

brainly.com/question/23160357?referrer=searchResults

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2 years ago