Answer: GDP decreases and standard of living increases
Explanation:
Based on the information given, the short-run effects of this industrial change on Vintland's GDP and its standard of living is that there'll be a reduction in the gross domestic product and an increase in the standard of living.
The reduction in GDP will be as a result of the reduction in the price of collecting garbage. On the other hand, the replacement of the sanitation engineers with the garbage robots will have fewer negative effects and many more significant benefits, thereby increasing standard of living.
Answer:
The present value of the loan is $15,877
Explanation:
Solution
Given that:
A company must pay back the bank a single payment of =$20,000
The loan of interest = 8%
Present value of 1 = 8% for 3 years (0.7938)
Present value of annuity = 8% for 3 years (2.5771
Now,
We solve for the loan present value
which is,
$20,000 * 0.7938 =$15, 877
For the annuity (series of payment) = $20,000 * 2.5771
= $51,542
Answer:
The correct answer is: contribution margin income statement.
Explanation:
The contribution margin income statement organizes costs by behavior and not by function thus it is not used for financial reporting. The variable expenses are deducted from sales to be recorded at a contribution margin. Fixed expenses are subtracted from the net profit obtained at the end of the accounting period.
When exports become a significant percentage of company sales and a company wishes greater control over its export operations, managers often create a separate export department
