1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lera25 [3.4K]
2 years ago
15

Consider an imaginary economy that has been growing at a rate of 6% per year. Government economists have proposed a number of po

licies to increase the growth rate but first need to convince the president that the policies will pay off. To do so, they want to present a comparison of the number of years it will take for the economy to double, depending on the growth rate.
Using the rule of 70, determine the number of years it will take the economy to double at each growth rate.Growth rate(Percent Years Required to Double(nearest whole number of years)4 5 6
Business
1 answer:
Natasha2012 [34]2 years ago
8 0

Answer:

11.67 years

Explanation:

The rule of 70 requires that in determining when the economy growth rate will double its current growth rate, the appropriate thing to do is divide 70 by the current growth rate of 6% per year.

The economy's growth rate of 6%  has its percentage ignored when the calculation is carried out.

=70/6= 11.67  

The current economy's growth rate would double in 11.67 years' time

You might be interested in
BMW is planning to make a big push into markets around the world with its MINI brand. If BMW has valuable know-how that cannot b
Vaselesa [24]
Make more money and invest in the future of cars
3 0
2 years ago
Sarah's dog had purebred puppies that she decided to sell on www.puppyfind.com. She ships them using an airline. If a puppy dies
Cerrena [4.2K]

Answer:

The buyer should sue the airline carrier

Explanation:

Because it is the airlines job to make sure that the puppy are safe and health

8 0
2 years ago
The rule to remember when accounting for bonds sold at a premium or at a discount is that Bonds Payable is always credited for t
Sever21 [200]

Answer:

Cr Bonds Payable account 50,000

Cr Premium on Bonds Payable account 2,000

Explanation:

The complete journal record should be:

  • Dr Cash account 52,000
  • Cr Bonds Payable account 50,000
  • Cr Premium on Bonds Payable account 2,000

Since cash is an asset and it increases, it should be debited.

Since bonds payable and premium on bonds payable are liabilities and they increase, they should be credited.

7 0
2 years ago
On January 1, 2018, an investor company acquired 30% of an investee company’s common stock for $600,000. As a result of this tra
djverab [1.8K]

Answer:

$642,000

Explanation:

the journal entries required to record these transactions under the equity method are:

January 1, 2018, investment in ABC company

Dr Investment in ABC company 600,000

    Cr cash 600,000

December 31, 2018, dividends received from ABC company

Dr Cash 15,000

    Cr Investment in ABC company 15,000

December 31, 2018, ABC company reports net income

Dr Investment in ABC company 36,000

    Cr Investment revenue 36,000

December 31, 2019, dividends received from ABC company

Dr Cash 15,000

    Cr Investment in ABC company 15,000

December 31, 2019, ABC company reports net income

Dr Investment in ABC company 36,000

    Cr Investment revenue 36,000

The balance of the investment in ABC company account = $600,000 + $36,000 + $36,000 - $15,000 - $15,000 = $642,000

3 0
3 years ago
8. As a generic legal term.
Serga [27]

Answer: C) Corporation

Explanation: A Corporation can be Simply defined as a legal entity who's privileges, liabilities and rights are different or separate from the group of person who created it. That is, if the business get sued to court, what ever the punishment or retribution is, it will not directly affect the owners but the business itself. If the company's car on duty accidentally crashed into a person's shop, the company will pay for it, not the driver or the owners of the business.

So corporation means any group of person with a legal entity.

7 0
3 years ago
Other questions:
  • Jordan Company budgeted sales of 400,000 calculators at $40 per unit last year. Variable manufacturing costs were budgeted at $1
    12·1 answer
  • Suppose that in the rice market demand shifts greatly due to a new rice diet that is being marketed heavily in the U.S. as a cur
    10·1 answer
  • Which of the following is a pair of events which are mutually exclusive?
    11·1 answer
  • Bricktown Exchange purchases a copyright for $50,000. The copyright has a remaining legal life of 25 years, but only an expected
    12·1 answer
  • A property owner has agreed to allow a shopping mall access across her private road in order to allow shopping mall customers to
    11·1 answer
  • Why would expanding the nation’s communications network be considered an increase in wealth, while improving the education of it
    8·1 answer
  • Peggy Lane Corp. a producer of machine tools, wants to move to a larger site. Two alternative locations have been identified: Bo
    14·1 answer
  • Mark exchanged an office building that he owned for over ten years for vacant land used by Sandy in her farming business. The of
    8·1 answer
  • If the contribution margin is not sufficient to cover fixed expenses: a. total profit equals total expenses. b. a net operating
    10·1 answer
  • Here are some characteristics of two portfolios, the market index, and the risk-free asset. Expected Return Beta Standard Deviat
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!