Which of the following statements is true of financial leverage

What was the average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979

borishaifa [10]

The average annual economic growth rate in Singapore over the 22.00 years from 1957 to 1979 was 3.20%.

<h3>What is average annual economic growth rate (AAGR) ?</h3>

The average annualised return of a portfolio, asset, or cash flow over time is known as the average annual growth rate, or AAGR.

The basic arithmetic mean of a set of returns is used to calculate AAGR.

Calculation for average annual economic growth rate:

Real per capita GDP in Singapore in 1957 was about $400 and it doubled to about $800.00 by 1979 over the period of 22 years.

Growth rate = $(\frac{last value}{initial value} )^{\frac{1}{n} } -1$

The last value = $800

The initial value = $400

n = number of years

Growth rate = $(\frac{800}{400} )^{\frac{1}{22} } -1$

= $(2)^{\frac{1}{22} } -1$

= 1.032 - 1

= 0.032

Growth rate % = 0.032×100

= 3.2%

Therefore, the growth rate in Singapore over 22 years are 3.2%.

To know more about Gross domestic product (GDP), here

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4 0

2 years ago

A conglomerate merger will: allow the firm to have a less dominant position in its market. diversify business operations and inv

Nataly_w [17]

Answer:

<u>Diversify business operations and investments </u>

Explanation:

A merger refers to a corporate agreement between two firms agreeing to share resources and skills jointly or in a collaboration, with an objective of gaining a greater market share collectively.

Conglomerate merger refers to a form of merger agreement wherein, the two merging firms deal in completely unrelated products or services or operate in different industries.

The benefits such a merger yields are, increment in the market share, business diversification i.e dealing in new products and exploring new markets, cross selling of products and synergistic benefits.

4 0

4 years ago

Hochberg Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Tota

UkoKoshka [18]

Answer:

The correct answer is 2.39

Explanation:

TOTAL WAGES AND SALARIES = $433,000

DEPRECIATION = $160,000

OCCUPANCY = $169,000

TOTAL = $762,000

here for calculating the activity rate for activity cost pool , we will only use the given percentages of wages and salaries, depreciation and occupancy in the activity cost pool -

Amount Activity cost pool Amount allocated

Wages $433,000 20% $86,600

Depreciation $160,000 10% $16,000

Occupancy $169,000 10% $16,900

TOTAL $119,500

Cost driver machine hours 50,000

Rate per machine hour $119,500 / 50,000

2.39

Therefore the activity rate for activity cost pool is 2.39

4 0

3 years ago

A portfolio is composed of two stocks, A and B. Stock A has a standard deviation of return of 19%, while stock B has a standard

tangare [24]

Correlation coefficent = 0.5356

<u>Explanation:</u>

Portfolio variance = (Standard of stock A * Weightage of stock A)2 + (Standard of stock B * Weightage of stock B)2 + 2 * (Standard of stock A * Weightage of stock A) * (Standard of stock B * Weightage of stock B) * Correlation coefficent.

$0.034=(19 \% * 0.70)^{2}+(25 \% * 0.30)^{2}+2 * 19 \% * 0.70 * 25 \% * 0.30 *$ Correlation coefficent

By calculating the above equation, we get,

=> Correlation coefficent = 0.5356

3 0

3 years ago

The Candle Shop experienced the following events during its first year of operations, Year1

zhenek [66]

Answer:

a) 1. Acquired cash by issuing common stock ⇒ Asset Source

2. Paid a cash dividend to the stockholders ⇒ Asset Use

3. Paid cash for operating expenses ⇒ Asset Use

4. Borrowed cash from a bank ⇒ Asset Source

5. Provided services and collected cash ⇒ Asset Source

6. Purchased land with cash ⇒ Asset Exchange

7. Determined that the market value of the land is higher than the historical cost ⇒ Not applicable

b) I used an excel spreadsheet because there is not enough room here.

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3 0

3 years ago