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Tpy6a [65]
3 years ago
5

Use the Rule of 70 to answer the questions on economic growth. Round answers to two places after the decimal. If annual real GDP

per capita growth in South Africa averages 1.8 % , how long will it take the country to double its real GDP per capita
Business
1 answer:
lyudmila [28]3 years ago
4 0

Answer:

39 years

Explanation:

Under the rule of 70, the economy doubles its real GDP per capita income

In this the computation is done by dividing the 70 by the annual growth rate

So, the formula is shown below:

Time period = Rule of 70 ÷ growth rate

where,

Growth rate is 1.8%

So, the time period at which the GDP doubles is

= 70 ÷ 1.8

= 39 years

By dividing the rule of 70 by the growth rate we can find the number of years at which the GDP doubles

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3 years ago
As lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she
bulgar [2K]

As Lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she is engaging in the encoding stage of the communication process.

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7 0
1 year ago
Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the lease payments discou
photoshop1234 [79]

Answer:

d. $5,204

Explanation:

Interest expenses up to December 31, 2020 = (Total present value of lease payment - Lease payment on July 2021) * 8% * 6/12

= $61,600 - $8,500 * 8% * 6/12

= $53,100 * 8% * 6/12

= $2,124

Depreciation Expenses up to December 31, 2021

= Fair value of equipment / Useful life * 6/12

= ($61,600 / 10) *6/12

= $6,160 * 6/12

= $3,080

Therefore, the total decrease in earnings (Pretax) in Larlas December 31, 2021 Income statement would be

= Interest expenses + Depreciation Expenses

= $2,124 + $3,080

= $5,204

3 0
3 years ago
The management of Wengel Corporation is considering dropping product B90D. Data from the company's accounting system appear belo
slamgirl [31]

Answer:

Net loss of $24,600

Explanation:

Sales              $773,900

Variable Expenses ($402,100)

Contribution Margin $371,800

Avoidable Expenses of B90D

Fixed Manufacturing Expenses        $186,000

Fixed Selling and Admin Expenses  %161,200

Total Avoidable expenses                 $347,200

If the product B90D is discontinued,the contribution margin of $371,800 will be lost by Wengel corporation and costs of $347,200 will be saved.

Therefore there will be net loss of $(371,800-347,200) $24,600 to the company if the product is discontinued.

3 0
3 years ago
Slim purchases equipment with cash. The accounts affected are:____.
Akimi4 [234]

Answer:

Option B, Cash and equipment, is the right answer.

Explanation:

Option “B” is correct because the purchase of equipment shows that the Equipment account debit and cash account credit. Here the debit of equipment account shows that the equipment has been increased and the cash account credit means the cash has been decreased. Therefore, both accounts, cash, and equipment will be affected. The equipment account will be increased while the cash account will be decreased.

5 0
3 years ago
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