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2 years ago

10

Assume real per capita GDP in North Midgar is $8,000 while in South Darlinia it is $2,000. The annual growth rate in North Midga

r is 2.33%, while in South Darlinia it is 7%. How many years will it take for South Darlinia to catch up to the real per capita GDP of North Midgar?

1 answer:

mina [271]2 years ago

5 0

Answer:30 years is the answer

Explanation:

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Below are approximate amounts related to retained earnings reported by five companies in previous years. Coca-Cola reports an in

NemiM [27]

Answer and Explanation:

The computation is shown below:

1. Amount of dividends of Coca-Cola is

= net income - Increase in retained earnings

= $6.9 billion - $3.2 billion

= $3.7 billion

2. Amount of net income of PepsiCo is

= Increase in retained earnings + dividend paid

= $3.4 billion + $2.6 billion

= $6 billion

3. The amount of dividends of Alphabet is

= net income - Increase in retained earnings

= $1.6 billion - $1.6 billion

= $0 billion

4. Amount of ending retained earnings of Sirius XM Satellite is

= Beginning retained earnings - net loss - dividend

= -$1.6 billion - $1 billion - $0

= -$2.6 billion

5. The amount of beginning retained earnings of Abercro is

= Ending retained earnings - net income + dividend

= $1.56 billlion - $0.43 billion + $0.06 billion

= $1.19 billion

4 0

3 years ago

Put the following steps of the problem solving process in correct order. Question 2 options: Implement the Model Identify what i

netineya [11]

Answer:

I. Identify what is the problem

II. Acquire the data

III. Develop the model

IV. Implement the Model.

V. Do the results look right.

Explanation:

The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.

The steps involved in the problem-solving process are;

1. Identify and define the problem: this is the first step to be taken in solving a problem. This is to ensure that, the focus is on the main issue or situation and all efforts is channeled in the right direction rather than the symptoms.

2. Gathering of information: this helps to consider the options available in solving a problem effectively.

3. Consider your options: this helps to compare the available and viable solutions to the problem.

4. Weigh disadvantages and evaluate a solution: you weigh the disadvantages of each solution, before choosing the one with the least disadvantages.

Hence, the fundamental steps of the problem solving process in the correct order are;

I. Identify what is the problem

II. Acquire the data

III. Develop the model

IV. Implement the Model.

V. Do the results look right.

7 0

2 years ago

Two brothers each open IRAs in 2009 and plan to invest $3,000 per year for the next 30 years. John makes his first deposit on Ja

Goryan [66]

Answer:

Future value of John's investment

FV = A<u>(1+r)n+1 - (1+r) </u>

r

Fv = $3,000<u>((1 + 0.07)30+1 - (1 +0.07))</u>

0.07

FV = $3,000<u>((1.07)31 - (1.07)</u>

0.07

FV = $3,000 x 101.0730414

FV = $303,219

Future value of Bill's investment

FV = A<u>((1 + r)n - 1)</u>

r

FV = $3,000 <u>((1 + 0.07)</u>30 - 1)

0.07

FV = $3,000<u>((1.07)30 - 1) </u>

0.07

FV = $3,000 x 94.46078632

FV = $283,382

The difference in the value of IRAs

= $303,219 - $283,382

= $19,837

The correct answer is A

Explanation:

In the first case, we need to apply future value of annuity due formula since deposits are made at the beginning of each year.

In the second case, we need to apply future value of an ordinary annuity formula since deposits are made at the end of each year.

6 0

3 years ago

With an ATM checking account, you are typically charged a fee if you use teller services (walk-in or drive-through).

romanna [79]

<u>Answer: </u>

With an ATM checking account, you are typically charged a fee if you use teller services is a false statement.

<u>Explanation: </u>

The ATM facility has been rolled out in order to dispense convenience to the users of cashless transactions or of withdrawing cash whenever need.
This service is not charged as long as there are not any extra facilities demanded like that of international transactions.
Charging a fee for using an ATM would decrease the number of its users drastically.

5 0

2 years ago

Firms A and B plan to collude in an economy for their similar products, which includes the grim strategy for punishment. They p

denis-greek [22]

Answer: C. Firm A reduces the price to $7 causing Firm B to reduce its price to $4.50.

Explanation:

Since firm A is impatient to earn more profits and Firm B wishes to last in the business for the long-run, then Firm A will reduce the price to $7 causing Firm B to reduce its price to $4.50.

Since Firm A reduces the price to $7, this will lead to an increase in the quantity demanded of the product and therefore the firm can earn more profit. On the other hand, firm B will reduce its price to a point where the price meets the marginal cost which is $4.50.

3 0

2 years ago