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4 years ago

How do people benefit from economical growth

1 answer:

6 0

– falls during periods of economic growth. Lower government borrowing. Economic growth creates higher tax revenues and there is less need to spend money on benefits such as unemployment benefit. Therefore economic growth helps to reduce government borrowing.

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What is a bell attendant?

garri49 [273]

A bell attendant is someone who greets people when they are checking in and out of a hotel. They open doors, carry luggage, park cars, call cabs, and things like that.

8 0

4 years ago

Ralph buys a perpetuity due paying 500 annually. He deposits the payments into a savings account earning interest at an effectiv

Leto [7]

Answer:

X = 1523

Explanation

Perpetuity due = (C/r) + C. Where Annual payment C =500, Annual effective interest rate = 10%

Perpetuity due = (500/10%) + 500 = 5500

Value of perpetuity due will remain same after 10 years

Money in saving account can be calculated with FV of an Annuity due formula

FV = C*(1+r) *{(1+r) ^n−1} / r

Where n = 10 years

FV = 500*(1+10%) * {(1+10%)^10 - 1} / 10%

FV = 500*1.10 * [1.10^10 - 1 / 0.10}

FV = 550 * 1.5937424601/0.10

FV = 550 * 15.937424601

FV = 8765.58353055

FV = 8766

Total proceeds = 5500 + 8766 = 14266

Now this proceed is the present value for annual payment of X calculation . Formula of the present value (PV) of annuity due: PV = X * [1- (1+r) ^-n / r] * (1+r) : Where PV = 14266, Annuity payment X = ?, Interest rate r = 10%, Period of annuity = 20 years.

1.10^-20

PV = X * [1- (1+r)^-n / r] * (1+r)

14266 = X * (1 - (1+10%)^-20 / 10%) * (1+10%)

14266 = X * [1 - 0.14864362802/0.10]*1.10

14266 = X * [8.5135637198*1.10]

14266 = X * 9.3649

X = 14266 / 9.3649

X = 1523.347820051469

X = 1523

3 0

3 years ago

Ajax Company presently leases a copy machine on a monthly basis. The lease agreement requires a fixed fee each month in addition

DedPeter [7]

Answer:

Variable cost per copy =$ 0.03

Explanation:

The high and low techniques helps to analyse a cost into its variable and fixed cost component.

The formula is given below:\

Variable cost per copy = (cost at high act. - cost at low act)/(high act - low act)

Fixed cost = cost at high activity - (Vc/copy × high act)

VC per copy = ( 195 - 162)/(3500-2400) copies

=$ 0.03 per copy

Total fixed cost = 195 - (0.03× 3500)

= 195 - 105

=$90

5 0

4 years ago

Sparky Corporation uses the FIFO method of process costing. The following information is available for February in its Molding D

love history [14]

Answer:

The cost per equivalent unit of materials is $2.28

Explanation:

The Concept of Equivalent units measures the number of units complete to the extent of the input elements added during production.

The FIFO method in Process costing Accounts for Costs only incurred during the Manufacturing Period. Also, The Opening Work In Process is Assumed to be completed first.

The First Step is to Calculate the Total Equivalent Units of Production for Raw Materials :

To finish Opening Work In Process (34,000 × 0%) = 0

Started and Completed ((153,000 - 34,000) × 100% ) = 119,000

Closing Work In Process (34,500 × 100%) = 34,500

Total Equivalent Units of Production = 153,500

The Next and Final Step is to calculate the cost per equivalent unit of materials.

Cost per equivalent unit = Total Cost During the Current Period / Total Equivalent Units of Production

= $349,625 / 153,500

= $2.2776872

= $2.28 (2 decimal places)

Conclusion :

The cost per equivalent unit of materials is $2.28

7 0

3 years ago

Which of the following perspectives is least useful for evaluating solutions?

Mariana [72]

Where is the list of perspectives to choose from?

4 0

3 years ago

Read 2 more answers