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shutvik [7]
4 years ago
5

Suppose real GDP in Puerto Rico is $48 billion and its annual growth rate is 8%. Real GDP for Puerto Rico will double in 6 years

. 7.5 years. 8 years. 8.75 years. an indeterminate amount of years with the information given.
Business
1 answer:
Lorico [155]4 years ago
8 0

Answer: 8.75 years

Explanation:

To solve this we can use the brilliant rule of 70 which posits in it's simplest form that an amount will double if we decide 70 by it's required rate.

For example if you want to know how long your 20 billion will take to double given a 15% rate you say,

= 70/15

= 4.67 years.

In that same light therefore, we can calculate for this question thus,

= 70/8

= 8.75 years.

If you need any clarification do comment.

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Haven Company uses the percentage of sales method for recording bad debts expense. For the year, cash sales are $600,000 and cre
Rufina [12.5K]

Answer:

c.

Bad Debts Expense 22,000

Allowance for Doubtful Accounts 22,000

Explanation:

Haven uses the percentage of sales method for recording bad debts expense. Under this method bad debts expense is calculated as percentage of credit sales of the period. Cash sales are ignored. Bad debts expense is calculated by the formula:

Bad Debts Expense = Estimated % × Credit Sales

= 1% x $2,200,000 = $22,000

The company will make adjusting entry below:

Debit Bad Debts Expense $22,000

Credit Allowance for Doubtful Accounts $22,000

6 0
3 years ago
Imagine your 16-year-old daughter wants to attend a Friday night high school party, and you do not know who will be attending. U
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Answer:

Follows are the solution to this question:

Explanation:

The authoritarian parent would probably respond to her daughter from the above situation. So, they will not enable themselves to go to the party because they would focus on the idea of just not understanding who's going to a party with an authoritative parent who expects their children not to be interested in some danger. Its progressive parent in the other party will vote to encourage his daughter to join the party since they do not know who is present will probably speak to your daughters about the situation and think over whether or not it is acceptable. Eventually, a permissive parent will not matter and encourage only his daughter to join throughout the party. Since the type of parenting is low or offers just a few guidelines, it's indeed possibly a friend instead of a mom.

List:

  • It provides adequate income to maintain the child.
  • It becomes prepared, specifically if he/she needs you most, to be there for the kid.
  • It lives in healthy conditions.
  • It secures an automobile ride.
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3 0
4 years ago
According to ogburn's theory, invention can include both material and non-material social creations. non-material inventions inc
Free_Kalibri [48]
<span>According to Ogburn, inventions can include both material technological artifacts which change what sorts of things that can be done and the sets of customs, rules, and conventions that allow those material inventions to be of use to members of society. For example, there were various material technological inventions which made the automobile possible (the internal combustion engine, vulcanized rubber, the universal joint), but in order for the automobile to become integrated into society a number of non-material inventions were also necessary such as road networks, agreed upon rules of the road, licensing regimes, and so on.</span>
8 0
4 years ago
In 1-2 sentences, explain how wage discrimination results in unequal pay.
oksian1 [2.3K]
Wage discrimination 
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5 0
3 years ago
Each of the following situations is independent. Work out your own solution to each situation, and then check it against the sol
saw5 [17]

Morgan will get $1600 with the process of simple interest.

<h3>what is simple interest?</h3>

Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.

Rate of interest = 12%

principal = $1000

Time = 5 years

Simple interest

=\frac{1000 \times 5 \times 12}{100}\\=600

Now amount = 1000+600 = 1600.

Therefore, Morgan will get $1600.

To learn more about simple interest from the given link

brainly.com/question/25793394

#SPJ4

8 0
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