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Lera25 [3.4K]
3 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]3 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

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Alex paid $600 to Rita, his ex-wife, for child support. Under the terms of the divorce decree, Alex claims the dependency exempt
dsp73

Answer:

$0

Explanation:

Since Alex's child does not live with him for at least 6 months plus one day, he doesn't qualify for any income credit.

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3 years ago
Jason, a police officer, strongly believes in justice and does not accept bribes from others. According to Kohlberg's stages of
Fantom [35]

Answer:

postconventional level of moral development

Explanation:

Kohlberg's postconventional level of moral development says people now realise that some soceital laws are unjust and needs to change. They realise that people can disobey soceital norms based on their personal principles.

Principles could include human rights, justice, freedom of speech among others.

In this instance Jason has a strong sense of justice and this makes him not to collect bribes.

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3 years ago
Maggie's Muffins, Inc., generated $2,000,000 in sales during 2015, and its year-end total assets were $1,400,000. Also, at year-
Ksenya-84 [330]

Answer:

The Sales will increase by $350,000 (2000,000 * 17.5%)

Explanation:

As we know that,

Self Supporting Growth Rate = Return on Equity * (1 - Payout Ratio) ...Eq1

Here

Payout ratio given is 50%

and

Return on Equity =  35% <u>(Step 1)</u>

By putting values in Eq1, we have:

Self Supporting Growth Rate = 35% * (1 - 50%)

Self Supporting Growth Rate = 17.5%

Which means that Sales will increase by $350,000 (2000,000 * 17.5%) which is 17.5%.

<u>Step 1: Find Return on Equity</u>

We know that:

Return on Equity = Net Income / Equity ..............Eq2

As we are not given value of Net Income we can not calculate the value of return on equity. But there is another way that we can calculate by simply multiplying and dividing by sales on Left hand side of the Eq2 equation.

Return on Equity = Net Income / Equity          * Sales / Sales

By rearranging, we have:

Return on Equity = Net Income / Sales  *   Sales / Equity

Now here,

Net Income / Sales  = Profit Margin

By putting this in the above equation, we have:

Return on Equity = Profit Margin  * Sales / Equity

Here

Profit Margin is 7% given in the question.

Sales were $2,000,000

And  

Equity is $400,000 <u>(Step 2)</u>

By putting values, we have:

Return on Equity = 7%  * $2,000,000 / $400,000

Return on Equity = <u>35%</u>

<u>Step 2. Find Equity</u>

Equity = Assets - Liabilities

Here,

Assets are worth $1,400,000

Liabilities are standing at $1,000,000 which includes only current liabilities because company doesn't have any long term borrowings

By putting the values, we have:

Equity = $1,400,000 - $1,000,000 = <u>$400,000</u>

<u>Brother, don't forget to rate the answer.</u>

5 0
3 years ago
You see a television commercial for a product you may want to buy, and there is a telephone number you must call to place an ord
bulgar [2K]

Answer:

krkfkfgkgkgkgkf

Explanation:

nxnxnxxnxnxckfk

8 0
3 years ago
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