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xz_007 [3.2K]
3 years ago
6

Identify and explainthe benefits and problems associated with high economic growth

Business
1 answer:
frozen [14]3 years ago
5 0

Answer:

Kindly check explanation

Explanation:

High economic growth is usually the aim of several economic policies whichnmost countries try to employ. The reason for this is no other than the numerous benefits attached to it which includes;

Increase in GDP : With growth in the economy of a country, trading within and outside these countries will rise, leading to increase in revenue earned and hence, the gross domestic product. This will pave the way for :

Infrastructural development : The development of infrastructure and standard society will be on the horizon as the economy grows. There is enough capital to embark on infrastructural development which will serve the populees

Other benefits include ; Trade and investment opportunities ; Increase in foreign direct investment and employment level will increase.

High economic growth also has it's drawbacks which include ;

Higj Immigration level ; Businesses and individuals are always on the lookout for areas with good investment opportunity in which an high income society is usually a main target. With increasing immigration, overcrowding may result.

Also, Investment cost may begin to rise, coupled with increase in foreign investment influx, the local market may be at risk of being able to compete.

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Answer:

Perrette Motor Company

Computation of the cost per equivalent unit for materials and conversion for the month:

1. Material cost per equivalent unit: $1,100

2. Conversion cost per equivalent unit: $1,350

Explanation:

a) Data and Calculations:

                                Units     % of completion          Equivalent unit

                                          Materials Conversion    Materials Conversion

Beginning WIP        120         50%        50%                 60                60

a) Started and

Completed             530        100%       100%             530               530

b) Ending WIP        220          50%        30%              110                  66

Equivalent units                                                        640                596

Cost of production:

                                       Materials      Conversion

Beginning WIP              $68,000          $73,200

Started & completed    636,000           731,400

Total cost                    $704,000       $804,600

Equivalent units               640                   596

Cost per equivalent unit $1,100             $1,350

b) When calculating the equivalent units under the weighted average process costing method, the units beginning work-in-process are not taken into consideration, but the costs are.

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3 years ago
Jeff brooks has recently moved into an apartment and has discovered that the previous tenant forgot to turn off the cable tv ser
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3 years ago
A company would like to evaluate two incentive schemes that take effect once the worker exceeds standard performance. In the fir
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Answer:

B) plan 1 : worker earning  y = x - 0.14  ,  unit labor = \frac{x-(0.14)}{x}

   plan 2 : worker earning y  = 0.5x + 0.5, unit labor = (0.5x + 0.5) / x

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D ) plan D IS PREFERABLE

Explanation:

In the first case Benefits are split : 30% to worker , 70% to company ( up to 120% ) performance

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y  ( percentage earning of worker ) = 1

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plan 2 :

y  ( percentage earning of worker ) = 1,   y  = 0.5x + 0.5

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C )  The point at which the two plans break even

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x = 0.64 / 0.5 =  1.28 = 128%

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Money demand refers to a how much income people want to make per year. b how much wealth people want to hold in liquid form. c t
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Answer:

b. how much wealth people want to hold in liquid form.

Explanation:

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