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stepan [7]
3 years ago
7

Using the information given below for the fictitious country "Alpha," find national saving, private saving, public saving, and t

he national saving rate.
Household saving = 200, Business saving = 300, Government purchases of goods and services = 80, Government transfers and interest payments = 100, Tax collections = 220, and GDP = 1,800.
Business
1 answer:
schepotkina [342]3 years ago
8 0

Answer:

Answer in explanation

Explanation:

We calculate each of the metrics for the country Alpha using the appropriate formula;

National saving

Mathematically, National saving = Public saving + Private saving

Private saving = Total income - Tax Revenue - Consumption or Y - T - C or household + Business savings = 200 + 300 = 500

Public saving

Mathematically, Public saving = Tax revenue - expenditures = T - G = 220 - (80 + 100) = 40

National saving is thus: 500 + 40 = 540

National saving rate

Mathematically, National saving rate = (National saving * 100)/GDP = (540 * 100)/1800 = 30%

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Job Specification.
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List THREE common aptitudes, attitudes, and skills of personal care services workers.
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Answer:

Good communication skills

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Explanation:

4 0
2 years ago
Jennifer Company has two products: A and B. The company uses activity-based costing. The estimated total cost and expected activ
olya-2409 [2.1K]

Answer:

B) = $38.44

Explanation:

<em>Activity-based costing is a form of absorption costing where overheads are charged to product using cost drivers. Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.</em>

Activity rate is calculated as:

<em>Activity cost for the period / Total cost drivers for the period</em>

<u><em>Activity rate for supporting customers:</em></u>

<em>The appropriate cost driver to allocate supporting customer activity is the number of customers as given.  This is so because it is most likely that the number of customers served will be a major factor that influences the supporting customers activity costs. </em>

<u><em>Activity rate for supporting customers </em></u>

= Supporting customers overhead/total number of customers

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5 0
3 years ago
You are currently earning 12% (APR) compounded semiannually. Your investment company is switching all accounts to daily compound
Sav [38]

Answer:

The rate that will give the same effective annual rate of return is 0.033%.

Explanation:

a) Data and Calculations:

APR = 12%

Semi-annual compound rate = 6% (12/2)

Assumed calendar days in a year = 360 days

Effective daily rate of return = 12%/360 = 0.033%

b) The conversion of semi-annual compounding to daily compounding results in reduced rate of return.  In this case, we assume that there are 360 days in a year.  Since the APR = 12%, it means that the daily rate of return will be 12%/360, which is 0.033%.

6 0
3 years ago
Jessica Simpson sets up shop to sell “Buffalo Wings.” She observes that if the price drops from $3.50 per order to $2.50 per ord
Sidana [21]

Answer:

(I) Price elasticity = 1/6

(II) the $2.5 price gives the higher revenue: 1,250

Explanation:

(I) price elasticity

E_s =\frac{\frac{Q2 - Q1}{(Q2+Q1)/2}}{\frac{P2 - P1}{(P2+P1)/2}}

↑Q (500 - 300)/((500+ 300) / 2)

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↑P (3.5 - 2.5)/((3.5+2.5)/2)

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(II) total revenue

3.5 x 300 = 1,050

2.5 x 500 = 1,250

7 0
3 years ago
Read 2 more answers
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