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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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Other than mr. tambourine man, which is another bob dylan song that appears in coriglianoâs song cycle

natita [175]

There's actually 7 one of which is "Blowin in the wind"

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4 years ago

An establishment has three departments with variable costs as a percentage of sales revenue of 30 percent, 40 percent, and 50 pe

zalisa [80]

Answer:

60 percent

Explanation:

Contribution margin refers to the revenue a firm derives after deducting the variable cost it has incurred.

Contribution margin = Sales - Variable costs

Contribution margin or contribution to sales ratio represents the percentage of contribution a firm earns from the sale of it's output.

It is represented mathematically as,

= $\frac{Contribution\ margin}{Sales}$

Also, contribution margin ratio = 100 - variable cost ratio percentage.

Hence, contribution margin for three departments would be:

A = 100 - 30% = 70%

B = 100 - 40% = 60%

C = 100- 50% = 50%

This represents if sales revenue is 100, contribution margin earned is 70, 60 and 50 under three cases.

Since sales revenue in all three departments is the same, let us assume the sales revenue of a department as y.

$\frac{0.70y\ +\ 0.60y\ +\ 0.50y}{3y}$

Thus, weighted average contribution margin would be, 60 percent

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3 years ago

During the month of April, direct labor cost totaled $15,000 and direct labor cost was 40% of prime cost. If total manufacturing

Aleonysh [2.5K]

Answer:

Manufacturing overhead= $39,500

Explanation:

Giving the following information:

Direct labor= $15,000

Direct labor cost was 40% of prime cost.

Total manufacturing costs= $77,000

First, we need to calculate the prime cost:

Prime cost= direct material + direct labor

Prime cost= 15,000/0.4= 37,500

Now, we can determine the manufacturing overhead:

Manufacturing overhead= total manufacturing costs - prime costs

Manufacturing overhead= 77,000 - 37,500

Manufacturing overhead= $39,500

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3 years ago

This question explores the calculation of the unemployment rate. You will be provided some imperfect employment data for four di

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Answer:

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Explanation:

Giving the following information:

Of these 95 individuals, 75 are in the labor force and 65 are employed.

To calculate the unemployment rate, we need to use the following formula:

Unemployment rate= unmeployed population / labor force

Unemployment rate= 10/75

Unemployment rate= 0.13

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4 years ago

Which skill ensures that you fallow fair/legal practices in your work and while dealing with people in an organization

Zepler [3.9K]

Answer:

Explanation:

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3 years ago