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3 years ago

What has happened to China’s GPD since it began to reform its economy?

Business

1 answer:

telo118 [61]3 years ago

6 0

Answer:

it has grown substantially

Explanation:

in the past, China's government has total control over other economy. They failed to run it efficiently since the system provide no incentives for people to work harder and invents new things.

In the 1980s, china started to adopted some aspect of Capitalism and let the private sector grow their influence in the economy.

As a result, many people start to have incentives to contribute more to the economy. This system basically allowed the citizens seek personal wealth for themselves, but they are indirectly improving the country's economy.

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Hallowell Inc. has free cash flow of $2.5 million and 1.25 million shares outstanding. If you believe the price to cash flow rat

Vaselesa [24]

The highest price for the stock is $22.00.

Explanation:

Given:

Hallowell Inc has a free cash flow of $2.5 million and 1.25 million shares.
The cash flow ratio for the company is 11.

Solution:

For one stock the cash flow ratio is 11.

Then the highest price we should pay is $22.00.

So we should pay $22.00 for one stock.

Therefore the highest price we should pay for the stock is $22.00

5 0

3 years ago

Can someone tell me if it’s correct, and which one is wrong

Nat2105 [25]

Answer:

Yes,they are correct.

Explanation:

5 0

3 years ago

Read 2 more answers

After deciding to buy a new car, you can either lease the car or purchase it on a three-year loan. The car you wish to buy costs

elena55 [62]

Answer:

It would be better to buy the car.

Nominal 26,446.81 (break even resale price)

Explanation:

We solve the present value of the salvage value at 6% APR

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $28,000.0000

time 36.00

rate 0.00500

$\frac{28000}{(1 + 0.005)^{36} } = PV$

PV 23,398.0577

Net present worth:

23,398.06 - 43,000 = 19,601.94

Lease option

PV of the monthly payment:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 505.00

time 36

rate 0.005

$505 \times \frac{1-(1+0.005)^{-36} }{0.005} = PV\\$

PV $16,599.8632

plus the 4,300 downpayment

present worth: -20.899,86‬

As the option from the purcahse gives a lower present worth it is preferable over the option to lease the vehicle

X - 43,000 = -20,899.86

X = 22,100.14

We have to look at which resale price the present value is equal to 22,100.14

$PV \: (1+ r)^{time} = Nominal$

Principal 22,100.14

time 36.00

rate 0.00500

$22100.14 \: (1+ 0.005)^{36} = Nominal$

Nominal 26,446.81

7 0

3 years ago

Presented below is information related to Shamrock Corp., which sells merchandise with terms 2/10, net 60. Shamrock Corp. record

Arada [10]

Answer:

Shamrock Corp.

Entry to write off the uncollectible balance of Warren Harding Co.:

Debit Allowance for Uncollectible accounts $13,500

Credit Accounts Receivable $13,500

To write off the uncollectible account.

Explanation:

a) Data and Calculations:

Credit terms = 2/10, net 60. This means that 2% discount is allowed to each customer for making payment within 10 days and the longest credit is 60 days.

Sales to Warren Harding Co = $15,000

Amount debited to Accounts Receivable = 14,700 ($15,000 * 98%)

Amount paid by Warren (10%) = $1,500

Amount to be written off as uncollectible = $13,500

Discount of $300 will be reversed with a debit to the Accounts Receivable and a credit to Discount Allowed (since the Shamrock Corp. records its sales and receivables net.)

Cash of $1,500 will be debited and Accounts Receivable credited to record the 10% of $15,000 cash receipt from Warren Harding Co. The remaining amount, which is $13,500 will be written off with a debit to Allowance for Uncollectible accounts and a credit to Accounts Receivable.

8 0

3 years ago

Some policymakers have argued that products like cigarettes, alcohol, and sweetened soda generate negative externalities in con

White raven [17]

Answer: The correct answers are "decrease" and "decrease".

Explanation: Some policymakers have argued that products like cigarettes, alcohol, and sweetened soda generate negative externalities in consumption. All else equal, if the government decided to impose a tax on soda, the equilibrium quantity of soda would decrease and the equilibrium price of soda would decrease.

4 0

3 years ago