Answer:
Nepal
70 years
Kenya
47 years
Singapore
10 years
Egypt
21 years
Explanation:
Suppose
Time period = X
Per capita Income = $1
Using following formula calculate time period to double the per capital Income
FV = PV ( 1 + g)^n
Nepal
g = 1%
2 x $1 = $1 ( 1 + 0.01)^n
$2 / $1 = 1.01^n
$2 = 1.01^n
Log 2 = n Log 1.01
log 2 / log 1.01 = n
n = 69.66 years = 70 years
Kenya
g = 1.6%
2 x $1 = $1 ( 1 + 0.016)^n
$2 / $1 = 1.016^n
$2 = 1.016^n
Log 2 = n Log 1.016
log 2 / log 1.016 = n
n = 43.66 years = 47 years
Singapore
g = 7.3%
2 x $1 = $1 ( 1 + 0.073)^n
$2 / $1 = 1.073^n
$2 = 1.073^n
Log 2 = n Log 1.073
log 2 / log 1.073 = n
n = 9.84 years = 10 years
Egypt
g = 3.4%
2 x $1 = $1 ( 1 + 0.034)^n
$2 / $1 = 1.034^n
$2 = 1.034^n
Log 2 = n Log 1.034
log 2 / log 1.034 = n
n = 20.73 years = 21 years
Answer: $492,515
Explanation:
Total Paid-In Capital:
= 12,100 shares of common stock at $15 par + Paid in capital in excess of par -Common Stock + Paid in capital from Sale of treasury stock
= $181,500 + 14,520 + 7,800
= $203,820
Total Stockholders' Equity = Total Paid-In Capital + Retained Earnings - Treasury stock
= $203,820 + 300,000 - 11,305
= $492,515
Except for option C. All that apply Internal controls must be in place to protect these assets and ensure that only authorized individuals have access to them.
<h3>What is Internal Control?</h3>
Internal control is a procedure implemented by a company's board of directors, management, and other staff members and intended to give reasonable assurance that the information is trustworthy, accurate, and timely. of adherence to relevant laws, rules, contracts, policies, and procedures.
Thus, Internal control is crucial when it comes to cash because it is susceptible to theft or loss. Because of the enormous volume of cash transactions, there is always always a very high risk of theft, which is prevented by the separation of roles and the impossibility of document procedures.
Learn more about Internal Control here:
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- Here are five examples of South Africa's successful competition policy: 1) Consumers were given a variety of product options as well as affordable pricing. 2) In 1984, horizontal collusion and resale price maintenance were ruled illegal.