Answer:
It will take 30 years for country Y’s GDP to catch up with that of country X
Explanation:
In this question. We are asked to calculate the number of years it will take a certain country Y to catch up with the GDP of a certain country X, given the annual growth rate in both countries.
We calculate the number of years as follows;
Firstly, we assign a variable to the value of the real GDP of country Y
let real
Let the real GDP of the country Y be n. This means that the GDP of country C will be 4 * n = 4n
With a 7% growth rate annual, country Y's Real GDP will be doubled in 70/7 = 10 years and;
With annual growth rate of 2.33% ,country x's Real GDP doubles in 70/2.33 = 30 years.(Approx)
Now in next 30 years x's Real GDP will be = 2x4n = 8n
and Y's Real GDP in next 30 years will be = 2x2x2xn = 8n.
thus , it will take 30 years to country Y to catch up to the level of country x.
Answer:
A subsidiary company is a business that is owned, either partially or completely, by another company. This company is referred to as a parent company.
Explanation:
I think its either to balance available resources and expenses or to plan future income and spending
Answer:
Debit cash $3,390
Credit sales revenue $210
Cales tax payable $3,180
Explanation:
Preparation of the journal entry to record the information given.
Journal entry
Debit cash $3,390
($3,180+$210)
Credit sales revenue $210
Cales tax payable $3,180
Answer:
Total revenue at breakeven is $1,508,042
Explanation:
Breakeven point in units = Fixed cost / Selling price -Variable cost per unit
Breakeven point in sales revenue = Fixed cost / (Selling price* x)- (Variable cost per unit * x)
In this case,
Fixed cost= $1.5 million
Selling price =$75
Variable cost per unit =40 cents
Breakeven point in units = 1,500,000 million/ 75 -0.4
Breakeven point in units = 20,107
Breakeven point in units sales = 20,107 * 75
Breakeven point in units sales = $1,508,042
