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3 years ago

If the annual growth rate in Real GDP is 4 percent, then it will take 25 years for the economy to double in size.

Business

1 answer:

AVprozaik [17]3 years ago

5 0

Answer:

False

Explanation:

The growth of 4% for 25 years would nominally signify a 100% increase and you might think that the economy has double its size. But you must take into account that’s this is a compound growth then the economy would reach the double of its size before 25 years.

Think that he initial size of the economy is 10 and it grows 4% then an annual growth will be 10,4 now the compound grow is adding up 0,4 to the initial size of 10. Then you recalculate a growth of 4% for the second year this means 10.816 grow.

If you notice the extra 0.016 increase for the second year is the effect of calculating the 4% increase based on the previous size 10 plus 0.4.

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What is the four parts of SWOT analysis

forsale [732]

<span>strengths, weaknesses, opportunities and threats.</span>

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3 years ago

Adair Valley issued $20,000,000 of general obligation bonds to construct a multipurpose arena. These bonds will be serviced by a

Arlecino [84]

Answer: Please see explanation column for answer.

Explanation:

a) Journal entry to record the budget

Account Debit Credit

Estimated Revenues $2,500,000

Appropriation $2,000,000

Budget fund $500,000

Calculation

Budget fund= Estimated Revenues-Appropriation = $2,500,000- $2,000,000= $500,000

b) Journal entry to record the the expenditure when the interest comes due for payment.

Account Debit Credit

Expenditure Interest $2,000,000

Matured Interest payable $2,000,000

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4 years ago

Which of the following items represents a document that includes detailed information on when an incident was detected, how impa

Delicious77 [7]

Answer:

D) Lessons learnt report is the correct option.

Explanation:

It is a report performed when a project is concluded. The purpose is to determine and analyze elements of the project which were successful and which were not. They are also known as project post more terms and are aimed at informing process improvements that can mitigate future risks and promote best practices. These reports are considered a key component of effective risk management.

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3 years ago

The first step in the decision-making process requires you to do what?

Semmy [17]

Answer:

think.....all you have to do is think XD

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3 years ago

During Year 1, Ashkar Company ordered a machine on January 1 at an invoice price of $24,000. On the date of delivery, January 2,

oksian1 [2.3K]

Answer:

Explanation:

January 1 Assets - no effect; Liabilities - no effect; Stockholder's equity - no effect

January 2 Assets: Cash -$8000; Equipment + $24000

Liabilities: Short term note payable +$16000

January 3 Assets: Cash -$700; Equipment +$700

January 5 Assets: Cash -$2500; Equipment +$2500

July 1 Assets: Cash -$16720; Liabilities: Short term note payable - $16,000

Stockholders equity - $720

*(24,000-8,000)*0.09*6/12 = $720

2. Acquisition cost of the machine:

Cash paid $8,000

Note payable with supplier $16,000

Freight costs $700

Installation costs $2,500

Acquisition cost $27,200

3. Depreciation(2013) = ($27,200 - residual value of $3,200) *1/10= $24,000/10 = $2400

5. Equipment cost = $27,200

Less: Depreciation [$2400*2] $4800

net book value of the machine at the end of 2014 $22,400

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3 years ago

Read 2 more answers