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lord [1]
3 years ago
12

Suppose that a nation has a GDP of 1.0 trillion dollars in 2000. If a country grows at an average rate of 3.0 % per year over a

fifteen year period, then its compounded GDP at the end of the 15 year period should be:
Business
1 answer:
raketka [301]3 years ago
3 0

Answer:

$1.558 trillion

Explanation:

Given an initial GDP of $1 trillion and an average growth rate of 3% per year, at the end of 15 years, the GDP would have risen to:

GDP_{2000} * (1+r)^{15}

= 1 trillion * (1+0.03)^{15}

= 1 trillion * (1.03)^{15}

= 1 trillion * 1.558

= 1.558 trillion.

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What happened to the American and Filipino troops that surrounded on the Philippines
cestrela7 [59]
On this day in 1942, U.S. Lieutenant General Jonathan Wainwright surrender all U.S. troops in the Philippines to the Japanese
4 0
3 years ago
Langston will pay $575 to three different credit cards: Expert Card, Passport, and US Speedy. She will pay three times as much t
Gre4nikov [31]

Answer:

$75

Explanation:

Let, the payment made towards US Speedy credit card be 'U'

Therefore,

According to the question:

Payment made towards Express credit card, E = 3U

Total for the two cards = U + E

= U + 3U

= 4U

also,

Payment made towards passport credit card = 15% of 4U

= 0.15 × 4U

= 0.6U

Given: Total payment made = $575

Therefore,

E + U + 0.6 U = $575

or

3U + U + 0.6U = $575

or

4.6U = $575

or

U = $125

Hence,

Payment made towards passport credit card = 0.6U

= 0.6 × $125

= $75

6 0
3 years ago
Club Med Inc. talks to its present and potential customers to assess their needs for its products. Then it develops products to
spayn [35]

Answer:

marketing concept.

Explanation:

The above is marketing concept because it involves all actions taken to draw the attention of people towards the product offered by a business. The product so offered can be a physical good such as sale of home appliances or services to be rendered. Example of marketing concept are advertising a product either in the television or radio or on bill boards.

Marketing concept makes use of data to concentrate on the desires of consumers by developing products that would suit those need and also accomplish the organization goals of satisfying their customers needs.

7 0
3 years ago
Rose Co. sells one product and uses the last-in, first-out method to determine inventory cost. Information for the month of Janu
AleksandrR [38]

Answer:

C) $80,000

Explanation:

Since Rose uses the LIFO method for determining COGS, the 10,000 units sold should be recorded at $7.90 (purchase price 1/5).

10,000 units still remain in inventory (8,000 beginning + 2,000 last purchase). Using the LIFO costing method the inventory unit cost should be [(8,000 x $8.20) + (2,000 x $7.90)] / 10,000 = $8.14 per unit

If the replacement cost is $8 per unit, and Rose decides to use lower-of-cost-or-market rule, then she should use the lowest cost which is the replacement cost ($8 < $8.14).

So the ending inventory's total cost is $8 per unit x 10,000 units = $80,000

             

8 0
3 years ago
The​ ________ budget is a component in a financial budget. A. budgeted income statement B. direct labor C. manufacturing overhea
serg [7]

Answer:

D. capital expenditure

4 0
3 years ago
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