Answer:
6 years
Explanation:
The rule of 72 would be used to determine the number of years it would take GDP per capita to double
Rule of 72 = 72 / GDP per capita growth rate
72 / 12 = 6 years
I hope my answer helps you
Answer:
Simple accounting rate of return= 27.32%
Explanation:
The accounting rate of return = Average annual operating income / Average investment
Annual depreciation = ( Cost - Salvage value)/No of years = (30,500 - 0 )/15
= 2033.33
Average Investment -= (Cost + scrap Value)/ 2
= (30500 + 0)/2 =15,250
Average Annual income = 6,200 - 2033.33
= 4166.67
Simple accounting rate of return =( 4,166.667/ 15,250
)× 100
= 27.32%
Answer:
Total cost= $172
Explanation:
Giving the following information:
guest check-in= $8 per guest check-in
room cleaning= $20 per room
meal service= $4 per served meal
Julie Washington visited the hotel for a 7-night stay. Julie had 6 meals in the hotel during the visit.
<u>To calculate the total cost, we need to use the following formula:</u>
<u></u>
Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base
<u></u>
guest check-in= 8*1= 8
room cleaning= 20*7= 140
meal service= 4*6= 24
Total cost= $172
Answer:
The equilibrium price of corn syrup will fall. The change in equilibrium quantity will depend upon the extent of change in demand and supply.
Explanation:
Corn syrup and maple syrup are substitutes.
News of health benefits from maple has increased the demand for maple syrup and decreased the demand for corn syrup.
The demand curve for corn syrup will move to the left.
Meanwhile, the government has subsidized corn crops. This will cause the price of corn to fall. As the input price declines the cost of producing corn syrup will decline as well. The firms will be able to provide more at the same cost.
This will cause the supply to increase. As the supply curve moves to the right. The equilibrium price of corn syrup will fall. The change in equilibrium quantity will depend upon the extent of change in demand and supply.
Answer:
The correct answer is $14.
Explanation:
Location C is at 10 minutes distance from location B and location D is at 10 minutes distance from location C.
This means that location D is at 10 + 10= 20 minutes distance from location B.
A round trip will take 40 minutes
If I go to work for 21 days, the time taken in commuting will be
=
= 840 minutes
or We can say it will take
=
= 14 hours
The value of an hour is given as $24.
So the value of 14 hours will be
=
= $336
Apartment in location D costs $175 less than the apartment in location C and apartment in location C costs $175 less than the apartment in location B.
So, the apartment in location D costs $175 + $175 = $350 less than the apartment in location B.
The net benefit of moving from location B to D is
= savings in rent - additional cost of commuting
= $350 - $336
= $14