All categories

4 years ago

Average world income began to increase rapidly during:

Business

1 answer:

Aloiza [94]4 years ago

4 0

Answer:

The industrial revolution

Explanation:

The industrial revolution which is also known as the first industrial revolution during the 18th century is referred to the transition of industries in a new advanced manufacturing process in the United States and Europe.

It is said in many research that the time of the industrial revolution is very harsh for workers and other labor category but it improves the standard of living of people of that time which is due to an increase in wages.

You might be interested in

Within the food service industry (restaurants that serve meals to customers, but not just fast food), find examples of firms

NikAS [45]

Answer:

Answer for the question:

Within the food service industry (restaurants that serve meals to customers, but not just fast food), find examples of firms that have sustained competitive advantage by competing on the basis of (1) cost leadership, (2) response, and (3) differentiation. Cite one example in each category; provide a sentence or two in support of each choice. (Hint: A "99cents menu" is very easily copied and is not a good source of sustained advantage.)

is given in the attachment.

Explanation:

7 0

3 years ago

Jensen Cleaning Service uses the listed accounts. (Some of the accounts will be explained in Lesson 2-3.) Prepare two T accounts

Westkost [7]

Answer:

Cash Sales Transaction

Journal Entry

Dr. Cash 100,000

Cr. Sales 100,000

Cash received and sales has been recorded due to the nature of Cash and Income, Cash and Sales is entered as Debit and credit respectively.

* For Journal posting MS excel file is attached which has T account with above transaction posted in it.

Explanation:

Download xlsx

5 0

3 years ago

A decrease in GDP is most closely associated with what?

borishaifa [10]

I forgot abt this but lemme try..i think the answer is A. An economic recession

6 0

3 years ago

Deep Mines has 43,800 shares of common stock outstanding with a beta of 1.54 and a market price of $51 a share. There are 10,000

Zanzabum

Solution:

MV of equity=Price of equity*number of shares outstanding

MV of equity=51*43800

=2233800

MV of Bond=Par value*bonds outstanding*%age of par

MV of Bond=1000*5000*0.96

=4800000

MV of Preferred equity=Price*number of shares outstanding

MV of Preferred equity=83*10000

=830000

MV of firm = MV of Equity + MV of Bond+ MV of Preferred equity

=2233800+4800000+830000

=7863800

Weight of equity = MV of Equity/MV of firm

Weight of equity = 2233800/7863800

W(E)=0.2841

Weight of debt = MV of Bond/MV of firm

Weight of debt = 4800000/7863800

W(D)=0.6104

Weight of preferred equity = MV of preferred equity/MV of firm

Weight of preferred equity = 830000/7863800

W(PE)=0.1055

Cost of equity

As per CAPM , Cost of equity = risk-free rate + beta * (Market risk premium)

Cost of equity % = 3.6 + 1.54 * (7.5)

Cost of equity % = 15.15

Cost of debt

K = Nx2

Bond Price =∑ [(Semi Annual Coupon)/(1 + YTM/2)^k] + Par value/(1 + YTM/2)^Nx2

k=1

K =13x2

960 =∑ [(8*1000/200)/(1 + YTM/200)^k] + 1000/(1 + YTM/200)^13x2

k=1

YTM = 8.5146699304

After tax cost of debt = cost of debt*(1-tax rate)

After tax cost of debt = 8.5146699304*(1-0.21)

= 6.726589245016

cost of preferred equity

cost of preferred equity = Preferred dividend/price*100

cost of preferred equity = 7/(83)*100

=8.43

WACC=after tax cost of debt*W(D)+cost of equity*W(E)+Cost of preferred equity*W(PE)

WACC=6.73*0.6104+15.15*0.2841+8.43*0.1055

WACC =9.3%

5 0

4 years ago

Congratulations again. You've just been appointed economic adviser to the president of Examland. The mpe is 0.8; autonomous inve

Contact [7]

Answer:

Explanation:

(a)

mpe = 0.8

Autonomous investment = $1,100

Autonomous government spending = $8,100

Autonomous consumption = $9,000

Autonomous net exports = $900

At equilibrium,

Y = Autonomous consumption + [mpe * Y] + Autonomous government spending + Autonomous investment + Autonomous net exports

Y = 9000 + 0.8Y + 8100 + 1100 + 900

Y = 0.8Y + 19100

Y - 0.8Y = 19100

0.2Y = 19100

Y = 19100/0.2 = 95500

The level of income is $95,500.

(b)

Now, autonomous exports increases by $1,500.

mpe = 0.8

Autonomous investment = $1,100

Autonomous government spending = $8,100

Autonomous consumption = $9,000

At equilibrium,

Y = Autonomous consumption + [mpe * Y] + Autonomous government spending + Autonomous investment + Autonomous net exports

Y = 9000 + 0.8Y + 8100 + 1100 + 2,400

Y = 0.8Y + 20600

Y - 0.8Y = 20600

0.2Y = 20600

Y = 20600/0.2 = 103000

Thus,

The income rises by $7,500.

(c)

Now, mpe decreased from 0.8 to 0.6

mpe = 0.6

Autonomous investment = $1,100

Autonomous government spending = $8,100

Autonomous consumption = $9,000

Autonomous net exports = $900

At equilibrium,

Y = Autonomous consumption + [mpe * Y] + Autonomous government spending + Autonomous investment + Autonomous net exports

Y = 9000 + 0.6Y + 8100 + 1100 + 900

Y = 0.6Y + 19100

Y - 0.6Y = 19100

0.4Y = 19100

Y = 19100/0.4 = $47,750

The level of income is $47,750.

Now, autonomous exports increases by $1,500.

mpe = 0.6

Autonomous investment = $1,100

Autonomous government spending = $8,100

Autonomous consumption = $9,000

At equilibrium,

Y = Autonomous consumption + [mpe * Y] + Autonomous government spending + Autonomous investment + Autonomous net exports

Y = 9000 + 0.6Y + 8100 + 1100 + 2400

Y = 0.6Y + 20600

Y - 0.6Y = 20600

0.4Y = 20600

Y = 20600/0.4 = 51500

Thus,

The income rises by $3,750.

3 0

3 years ago