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For each growth rate below, use the rule of 70 to calculate how long it will take incomes to double. Instructions: Round your an

STatiana [176]

Answer:

Explanation:

Rule 70 is used to estimate how long it tales a cashflow amount to double.

The formula is as follows ;

Number of years = 70 / growth rate

At 1.4% growth rate;

Number of years = 70 / 1.4 = 50

At 3.2% growth rate;

Number of years = 70 / 3.2 = 21.88

At 4.9% growth rate;

Number of years = 70 / 4.9 = 14.29

At 6.4% growth rate;

Number of years = 70 / 6.4 = 10.94

At 7.5% growth rate;

Number of years = 70 / 7.5 = 9.33

4 0

4 years ago

Which global environmental problem may be worsened by the use of gas hydrates as an energy source?

monitta

The energy source in gas hydrates is methane, which is trapped inside of ice. Extraction of the methane may result in leakage of small amounts of methane. This is a potential global environmental problem because methane is a very potent greenhouse gas.

6 0

3 years ago

Alex and Jane are the best economists that FlexMoney Inc., a consulting firm, has. However, FlexMoney is in urgent need to hire

REY [17]

Answer:

Job elements method

Explanation:

Job elements methodbis defined as a work oriented job analysis method. It is more focused on human attributes that are needed to ensure superior performance on the job.

Job elements method is used to match employees with the activities that best suits their abilities.

Alex and Jane work as economists, and asked to provide criteria that are instrumental to success in their field. This is done to help with hiring of more economists. This emphasis on human attributes that will give success in the job role is called Job elements method.

5 0

3 years ago

Read 2 more answers

Canada and the U.S. both produce wheat and computer software. Canada is said to have the comparative advantage in producing whea

timurjin [86]

Answer:

The correct answer is d. Canada requires fewer resources than the U.S. to produce a bushel of wheat.

Explanation:

A country (in this case Canada) has a comparative advantage over another country (in this case the United States) to produce a certain product (in this case wheat) if the production costs of that product (wheat) are less than from the other country, regardless of the opportunity cost of producing that other product in that country.

The comparative advantage is based on the fact that the country has developed greater efficiency in the use of resources or that it has greater ease of access to them due to better conditions of nature, greater technological development in the field in question, human capital more specialized in that economic field, etc.

The opportunity cost of producing a product or another in the same country does not affect a deterioration or increase of the comparative advantage developed to produce such a product.

6 0

4 years ago

David owned a building worth $1,500,000. He has debt service of $7,500 per month, of which 90% is interest. He has a potential r

Zina [86]

Answer:

$378,374

Explanation:

Vacancy rate is 7% of gross rental income.

Operating expenses are 40% of effective gross income, which gross rental income less vacancy allowance.

Depreciation, reserve and interest expenses are deducted to arrive at tax charge, these are added back in net income after tax and total debt service is deducted to arrive at after-tax cash flow on the building. Calculation is performed below:

Rental Income 900,000

Less: Vacancy Loss (900,000*7%) (63,000)

Effective Gross Income 837,000

Less: Operating expense (837,000*40%) (334,800)

Less: Reserve (30,000)

Less: Depreciation (50,000)

Interest (7,500*90%) (6,750)

Net Income before tax 415,450

Tax @ 28% (116,326)

Net Income 299,124

Add Back:

Depreciation 50,000

Reserve 30,000

Interest 6,750

Less: Debt service (7,500)

After tax cash flow on the building 378,374

3 0

3 years ago