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WINSTONCH [101]
3 years ago
9

Suppose a panel of economists is predicting that a nation's real GDP per capita will double in approximately 10 years. Based upo

n the Rule of 70, what must be the predicted annual growth rate of real GDP per capita?
Business
1 answer:
Semenov [28]3 years ago
7 0

Answer:

The answer is: 7% annual growth rate

Explanation:

The Rule of 70 is a way to determine how many years it will take an economy to double its GDP (or GDP per capita) with a given annual growth rate.

The formula used by the Rule of 70 is:

number of years                    =        <u>                      70                       </u>

to double an economy                  annual percentage growth rate

In this exercise we substitute the known variables and calculate:

             10 years  =  70 /  (annual growth rate)

             annual growth rate = 70 / 10 = 7%

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Timothy, LLC, originally budgeted $10,000 of costs to produce 100 toy cars. $5,000 of these costs consisted of direct labor, $1,
dolphi86 [110]

Answer:

$1,600

Explanation:

Budgeted raw material cost per toy car:

= Total budgeted raw material cost ÷ Budgeted production(in units)

= $1,000 ÷ 100 toy cars

= $10 per toy car

Flexible budget of raw material:

= Actual number of toy cars sold × Budgeted raw material cost per toy car

= 160 × $10 per toy car

= $1,600

Therefore, the flexible budget amount of raw materials is $1,600.

3 0
3 years ago
1.What three factors determine the demand for a product?
Delvig [45]

incomes of the people

the number of customers in the market

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3 0
3 years ago
Suppose that a project has a depreciable investment of $600,000 and falls under the following accelerated depreciation schedule
Alex

Solution :

Depreciation rates   16.67%      16.67%    16.67%     16.67%      16.67%      16.67%

(books)

Depreciation        $100000  $100000 $100000  $100000  $100000  $100000

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Depreciation        $35000    $35000    $35000   $35000   $35000  $35000

tax shield (books)

Depreciation rate   20%            32%         19.20%      11.50%      11.50%     5.80%

(tax)

Depreciation       $120000  $192000   $115200  $69000  $69000  $34800

(tax)

Depreciation     $42000   $67200      $40320    $24150     $24150   $12180

tax shield (tax)

6 0
3 years ago
Texas Plating Company reported a cost of goods manufactured of $524,000, with the firm's year-end balance sheet revealing work i
Alborosie

Answer:

Beginning WIP= 122,000

Explanation:

Giving the following information:

Cost of goods manufactured= $524,000

Ending work in process= $79,000

Raw materials used in the production of $89,000

Direct labor of $145,000

Manufacturing overhead of $247,000

To calculate the beginning work in process we need to use the cost of goods manufactured formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

524,000= Beginning wip + 89,000 + 145,000 + 247,000 - 79,000

Beginning WIP= 122,000

8 0
3 years ago
Calculating the Amount for a Home Equity Loan. A few years ago, Michael Tucker purchased a home for $100,000. Today the home is
e-lub [12.9K]

Answer:

The maximum amount that Michel can borrow is 70,000 dollars.

Explanation:

Please see attachment .

3 0
3 years ago
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