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Iteru [2.4K]
3 years ago
15

Suppose that real GDP per capita of the United States is $32,000 and its growth rate is 2% per year and that real GDP per capita

of China is $4,000, and its annual growth rate is 7%. How many years will it take for China's real GDP per capita to be larger than real GDP per capita in the United States
Business
1 answer:
Pie3 years ago
8 0

<u>Given:</u>

Real GDP of US = 32000

Growth rate of US = 2%

Real GDP of China = 4000

Growth rate of China = 7%

<u>To find:</u>

Number of years taken for China's real GDP per capita to be larger than real GDP per capita in the United States.

<u>Solution:</u>

The formula to calculate the years is,

GDP_{US}\times[1+growth_{US}]^n

On plugging-in the values,

\Rightarrow32000\times(1+0.02)^n

On solving the values we get,

\Rightarrow8

Therefore, we can clearly identify that number of years is greater than 40 and less than 45.

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Yes it is a conflict of interest to leave the state and accept a position with a construction company that you formerly handled as a government relations manager.

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A conflict of interest occurs when an person's interests – family, friendships, financial, or social elements – could compromise his or her judgment, or actions in the workplace. Government agencies take disputes of interest so seriously that they are handled.

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8 0
1 year ago
Hoffman-LaRoche Ltd. and BASF AG, two international pharmaceutical companies, were ordered to pay $725 million in fines for plot
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Answer:

Political and Legal

Explanation:

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Business organisations operate within a political system and legal framework. Political factors determine economic policies like taxation and regulations. Business decisions are subject to, and are affected by political and legal factors.

Governments formulate a series of legislations to monitor business activities and protect consumer and social interests.

Such laws would either create new opportunities or threats for the businesses in existence.

In the Scenario above Hoffman-LaRoche and BASF AG must have violated regulations that protect consumer interests put in place by the government by wanting consumers to pay too high for such necessities as vitamins and huge fines have been imposed on them.

7 0
3 years ago
During a downturn in the hotel​ industry, chip​ conley, founder of joie de vivre​ hospitality, dealt with the situation by not t
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I believe the answer is: Strategy

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3 years ago
1- In 2013, Walmart decided to enter the Indian market in a joint-venture with Bharti Enterprises. Based upon your analysis of W
Ivahew [28]

Answer:

1- Walmart wanted global expansion and it availed the opportunity to expand its business by entering Indian market, however the Indian market is far different than the US market that is why a joint-venture was required to enter the different market as Bharti Enterprises was already operating in Indian market.

2- To enter a new market Joint-venture will be suitable because:

In acquisition the investor acquires all the shares of an existing organisation in this way the investor will not be able to operate with the same name as in other markets as the organisation whose shares are purchased already will have a name which if changed all the goodwill will be lost. In a Joint venture the investor and a local investor invests together to form a different organisation, in this method the organisations jointly own a newly formed organisation in which they both jointly decide the name and the local investor have knowledge about the local market which can be helpful if the customer taste is different than the investors market. In a Greenfield investment the investor purchases shares and bonds of an organisation already operating in the targeted market, in this way the investor will not be able to operate with the same name as in other markets as the organisation whose shares are purchased already will have a name which if changed all the goodwill will be lost.

Explanation:

1- Walmart wanted global expansion and it availed the opportunity to expand its business by entering Indian market, however the Indian market is far different than the US market that is why a joint-venture was required to enter the different market as Bharti Enterprises was already operating in Indian market.

2- To enter a new market Joint-venture will be suitable because:

In acquisition the investor acquires all the shares of an existing organisation in this way the investor will not be able to operate with the same name as in other markets as the organisation whose shares are purchased already will have a name which if changed all the goodwill will be lost. In a Joint venture the investor and a local investor invests together to form a different organisation, in this method the organisations jointly own a newly formed organisation in which they both jointly decide the name and the local investor have knowledge about the local market which can be helpful if the customer taste is different than the investors market. In a Greenfield investment the investor purchases shares and bonds of an organisation already operating in the targeted market, in this way the investor will not be able to operate with the same name as in other markets as the organisation whose shares are purchased already will have a name which if changed all the goodwill will be lost.

4 0
3 years ago
The Baldwin Company currently has the following balances on their balance sheet: Total Assets $167,705 Total Liabilities $69,461
Andrews [41]

The common stock next year would be $32546

The total assets (current) =  $167,705

Total assets (next year) = $167,705 +  $55,000 = $222705

The total liabilities (current)=  $69,461

The total liabilities (next year)=  $69,461

The total retained earnings (current) = $88,498

The total retained earnings (next year) = $88,498 + 44,200 - $12000 = $120698

<u>Common stock (current)</u>

=  $167,705 - $69,461-$88,498

= $9746

<u>Common stock (next year)</u>

= $222705 - $69,461 - $120698

= $32546

The common stock next year would be $32546

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5 0
2 years ago
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