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finlep [7]
3 years ago
11

If the population growth rate is 2​ percent, real GDP per person will double in 7 years if real GDP grows by​ ______ percent per

year.
Business
1 answer:
Valentin [98]3 years ago
6 0

Answer:

With a population growth of 2%, the GDP has to grow 12.6% per year in order to real GDP per person double in 7 years.

Explanation:

It is necessary to state the formula to calculate the GDP growth per person in 7 years and some assumptions. Defining as base of population and GDP the number 100 (aleatory picked) we can write our equation: GDP per person in year 7 = 100(1+x)^7/100(1+0.02)^7=2 In this equation X is the fixed percentage of GDP growth. By iteration process, we get that X=12.6%

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Receivables; bad debts and returns; Symantec [LO7-4, LO7-5]
Hitman42 [59]

Answer:

1. Accounts receivable due = Accounts receivable + Allowances

2008

= 760,100 + 26,259

= $786,359

2009

= 840,810 + 23,936

= $864,746

2. Amount of receivable written off = Beginning balance for Allowance for doubtful accounts + Bad debt - Closing balance for allowance for doubtful accounts

= 9,200 + 3,400 - 9,148

= $3,452

3. Gross sales = Net Sales + Sales returns

Sales Returns = Closing balance for reserve for product returns + goods returned - Opening balance for reserve for product returns

= 14,788 + 3,440 - 17,059

= $1,169

Gross sales in 2009 = 6,244,800 + 1,169

= $‭6,245,969‬

4. Cash collected = Credit Sales - Goods returned - Bad debts written off - Ending receivables balance + Beginning receivables balance

= ‭6,245,969‬ - 3,440 - 3,452 - 864,746 + 786,359

= $‭6,160,690‬

6 0
3 years ago
Haya noticed that college students needed to dress up for presentations but never seemed to have any ties, or at least not very
RSB [31]

Her work could be considered data collection.

<span>Data collection is the logical approach of collecting and analyzing definite information to understand a specific area of interest. In this case, data collection enables Haya to answer relevant question about her customers and make predictions about possible trends.</span>

3 0
3 years ago
a(n) to pay the debts or settle the wrongdoings of another if he or she does not make settlement personally is not enforceable u
just olya [345]

A guarantee, or promise, to settle another person's debts or hold them accountable for their wrongdoings if they fail to do so personally, is not enforceable unless it is in <u>writing</u>.

<h3>What is a guarantee promise?</h3>

An undertaking or pledge from a guarantor to a guarantee is what is known as a guarantee. A guarantee can be viewed as a security for the guarantor's primary or principal performance obligation.

Guaranty Agreement: A two-party contract wherein the first party commits to carrying out its obligations in the event that the other party is unable to do so. A guarantor, unlike a surety, is only obligated to carry out when the obligee has exhausted all reasonable and legal avenues to compel the principal to execute.

<h3>Is a debt payment commitment enforceable?</h3>

Even if no fresh consideration is provided, a commitment to pay a debt that has reached its statute of limitations is nonetheless enforceable. The promise is regarded as a new promise in such circumstances, and only the provisions of the new promise are enforceable.

<h3>What does it mean to vow to be responsible for another's financial failure or default?</h3>

The surety is a party who guarantees another party's payment of one party's debt. A surety is a company or someone who agrees to pay the debt in the event that the debtor policy is in default or is unable to make the payments. The surety, also known as the guarantor, is the party that backs.

Learn more about Guaranty Agreement: brainly.com/question/18454185

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8 0
1 year ago
You borrowed $185,000 for 30 years to buy a house. The Interest rate is 4.35 percent, compounded monthly. If you pay all of your
asambeis [7]

Answer:

c. $146.542

Explanation:

Borrowed amount - $185,000

Interest rate  (APY) - 4.35%

Loan term - 30 years

Payement frequency - monthly

Your total interest paid is $146,542.65

Your total principal and  interest: $331,542.65

8 0
3 years ago
When jane, a customer of kk kids store, makes a purchase and shares valuable information about the products of the store through
zepelin [54]
<span>This statement is true because earned media involves the promotion of a product or service organically by its users, without requiring paid advertising or a formal process of pitching the product; however, many gray areas exist if kk kids store asked Jane to share her experience on Facebook in exchange for a discount.</span>
5 0
3 years ago
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