b. it is easier for a country to grow fast and so catch-up if it starts out relatively poor.
This is because a poor economy has more <u>room to grow</u>. Say the poor country's GDP is 1 million and the rich country's GDP is 100 million If they each made investments that grew their economies by $5 million dollars, that would be a huge increase for the poorer country and barely 5% of the richer country. Developing economies can catch up faster because each little investment makes such a big impact.
Noun
a reduction in the value of an asset with the passage of time, due in particular to wear and tear
Answer:
A) Increase Decrease
Explanation:
As we know that
Mixed cost is the combination of both fixed cost and the variable cost
Mixed costs are costs in which one component of cost is Fixed and the other component is variable
In equation form,
Mixed cost = Fixed cost + variable cost
In the case of variable cost, the per unit would remain the same and it increased when production increases
But the fixed cost amount would remain the same but if the production rises the per unit declines
Similarly, Fixed costs remain the same in Total and decreases per unit with increase in production
Therefore option A is correct
Answer:
$4,420,000
Explanation:
Data provided as per the question
Bond issue value = $13,000,000
Tax rate = 34%
The computation of present value of the tax shield is shown below:-
Present value of tax shield = Tax rate in percentage × Bond issue value
= 34% × $13,000,000
= $4,420,000
Therefore for computing the present value of the tax shield we simply multiply tax rate in percentage with bond issue value.
Answer:
$950 in 4 weeks
Explanation:
25 x 9.5 = 237.5
237.5 = 950
OR
25hrs times 4 wks is 100hrs
100 x 9.5 = 950