1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
shutvik [7]
3 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]3 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.

You might be interested in
Suppose your nominal income this year is 5 percent higher than last year. if the inflation rate for the period was 3 percent, th
Lisa [10]
C. increased by 2 percent

5 - 3 = 2
3 0
3 years ago
Rodriguez and Ying start a partnership on July​ 1, 2019. Rodriguez contributes​ $4,100 cash, furniture with a current market val
guapka [62]

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr                    $4,100

Equipment A/c Dr           $23,000

Furniture A/c Dr              $47,000

          To Account payable                $16,000      

          To Rodriguez's Capital            $58,100

(Being all adjustments are recorded and the remaining balance is credited to Rodriguez's Capital.

Remaining balance is calculated by

= Cash A/c + Equipment A/c + Furniture A/c - Accounts payable

= $4,100 + $23,000 + $47,000 - $16,000

= $74,100 - $16,000

= $58,100

6 0
3 years ago
Merchandise inventory is classified on the balance sheet as a
daser333 [38]

Answer:

Merchandise inventory is classified on the balance sheet as a current asset.

Explanation:

Merchandise inventory refers to the price of products that are available for sale and they are classified as a current asset.

Current assets are the cash and the other assets that can be turn into cash within a year, like inventory as there is a good opportunity that the products are sold in that period which makes inventory to be included in the current assets on the balance sheet.

6 0
3 years ago
Activity Cost Activity Allocation Base Allocation Rate
Flura [38]

Answer:

Following is attached the solution to each part of the given question.

I hope it will help you a lot!

Explanation:

3 0
3 years ago
The loan review department at a major regional bank has an exceptionally high turnover of both administrative assistants and ana
Ray Of Light [21]

Answer:

Letter B is correct. <em>Organizational.</em>

Explanation:

Employee turnover is measured by an index that checks employee entry and exit rates in an organization. When the turnover rate is high it means that an organizational analysis should be performed to detect the possible causes of increased employee turnover.

It can be caused by situations related to organizational structure, such as failures in the selection process, unfavorable organizational climate that causes conflicts and demotivation, low benefits and compensation among others.

8 0
3 years ago
Other questions:
  • ​the marketing concept is a ______________ that guides the overall activities of an organization. it has evolved over time from
    6·1 answer
  • What typically happens to non farm payrolls the pmi indicator, and housing starts at the onset of a recession in the united stat
    14·2 answers
  • uppose you observe the following exchange rates: €1 = $1.50; £1 = $2.00. Calculate the euro-pound exchange rate. A. €1.25 = £1.0
    6·1 answer
  • Bennett Corporation has the following data as of December​ 31, 2018​:
    8·1 answer
  • Q6. Explain why most experts believe that official U.S. data underestimate the actual rate of unemployment. What factors could m
    5·1 answer
  • As the president of a local trade company, Kristin is faced with leadership, ethical, and operational decisions on a daily basis
    5·1 answer
  • Which of the following functions of money enables society to gain the benefits of geographic and labor specialization? store of
    9·1 answer
  • Current operating income for Bay Area Cycles Co. is $40,000. Selling price per unit is $100, the contribution margin ratio is 20
    11·1 answer
  • this is not only a value in itself but a value that guarantees other values. a. patience. b.fairness. c.respect. d integrity​
    15·1 answer
  • If there are 25 number 05 buyers what will be market demand​
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!