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erastova [34]
3 years ago
8

atch China's GDP Growth Rate to the year. This data is easily found by creating a raw data longitudinal or advanced bar chart an

d hovering above dot or bar. Do you notice a trend
Business
1 answer:
Kamila [148]3 years ago
3 0

Answer:

I will lay out China's GDP growth rate in the last years:

YEAR GDP GROWTH RATE

2018 - 6.6%

2017 - 6.7%

2016 - 6.7%

2015 - 6.9%

2014 - 7.3%

2013 - 7.7%

2012 - 7.8%

2011 - 9.5%

2010 - 10.6%

2009 - 9.4%

2008 - 9.6%

2007 - 14.2%

2006 - 12.7%

2005 - 11.3%

2004 - 10.1%

2003 - 10.0%

2002 - 9.1%

2001 - 8.3%

2000 - 8.4%

1999 - 7.6%

1998 - 7.8%

1997 - 9.2%

1996 - 9.9%

1995 - 10.9%

1994 - 13.0%

1993 - 13.8%

1992 - 14.2%

China was growing a lot in the first years of the 1990s. The last half of the decade saw less grow because of the Asian financial crisis,

During the mid 2010s, China was again growing ove 10% every year. This boosted the world economy, for example, Latin America, because this region is an important provider of raw materials such as coal, oil and soy.

China was not seriously affected by the 2008-2009 financial crisis, or by the 2011 European debt crisis.

However, in recent years, the country has been growing less, probably because as it develops more, it tends to grow less. Same thing has happened to every developed country in the world. In fact, advanced economies like the United States or Germany rarely grow above the 2% rate per year.

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In economics, diminishing returns is the decrease in the marginal output of a production process as the amount of a single factor of production is incrementally increased, while the amounts of all other factors of production stay constant.

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3 years ago
Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago reported ending inventory at August 29, 2
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Answer:

Winnebago Industries' ending inventory have been if it had used FIFO is $77,196,000

Explanation:

The computation of the ending inventory under FIFO method is shown below:

= Ending inventory under LIFO inventory method  + LIFO reserve

= $46,850,000 + $30,346,000

= $77,196,000

For determining the ending inventory under the FIFO method, we added the ending inventory under the LIFO method and LIFO reserve so that accurate value can come.

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3 years ago
Woolsey Corporation, a U.S. company, expects to sell goods to a British customer at a price of 250,000 pounds, with delivery and
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Answer:

C. $10,000 positive.

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The following costs result from the production and sale of 5,000 drum sets manufactured by Tight Drums Company for the year ende
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Answer and Explanation:

The preparation of the contribution margin income statement for the company is presented below:

                                 Tight Drums Company

                    Contribution margin income statement

                    For the year ended December 31, 2017

Sales (5,000 drums × $350)      $1,750,000

Less: Variable cost

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Wages of assembly workers $510,000

Drum stands $230,000

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Sales commissions $175,000

Total variable cost                                         -$1,100,000

Contribution margin                                        $650,000

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Taxes on factory $5,000

Factory maintenance $10,000

Factory machinery depreciation $70,000

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Lease of equipment for sales staff $10,000

Accounting staff salaries $60,000

Administrative management salaries $140,000

Total fixed cost                                                          -$295,000

Net operating income                                                 $355,000

Less: income tax expense at 25%                             -$88,750

Net income                                                                   $266,250

We simply deduct the variable cost and fixed cost from the sales revenue so that the net operating income could come and then deducted the income tax expense so that net income could arrive

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