Answer:
3.33%
Explanation:
Data provided in the question:
Real per capita GDP in South Korea in 1957 = $400
per capita GDP in South Korea in 1978 = $800
Total number of years taken to double the GDP = 21 years
Now,
Using the Rule of 70, which states that
Number of years to double the GDP = 70 ÷ (average annual economic growth rate )
thus,
21 years = 70 ÷ average annual economic growth rate
or
Average annual economic growth rate = 3.33%
Answer:
Decrease cash and increase land
Explanation:
The transaction is:
Account Debit Credit
Land $105,000
Cash $105,000
Purchased land for business.
Both land and cash are assets: they are debited when they increased, and they are credited when they decrease.
Because cash was used to purchase the land, cash decreases and land increases.
Prime rate is (a) the best interest rate that banks offer their most creditworthy customers.
A prime rate is decided by the bank to lend money to its customers where the credit giving is decided on the basis of the credit history and points on the customers formally known as the credit rate of investment.
It totally depends upon the allowance of credit by financial institutions and then the payment made by the loan taking customers within a stipulated time frame.
To learn more about prime rate here,
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Answer:
The price is $1,540
Explanation:
The reason is that the profit share is $1,100 and the cost includes computer chip, software and printer which are worth $150, $250 and $40.
The price can be calculated using the following formula:
Price - Cost = Profit
Here profit is $1100 and cost is $440 (150+250+40)
By putting the values we have:
Price - $440 = $1100
Price = $1100 + $440 = $1540
Answer:
False
Explanation:
' Once a business has sold a service, it no longer needs to be concerned with customer satisfaction' is a False statement.
Customers are the pillars on which every business stands & their satisfaction should be a supreme priority for a business.
There is need of 'After Sale Services' after selling a service. This is important to ensure customer's expectations from the product are met, & they are satisfied with the business' services.
After sale services make customers feel valued. This generates customer retention, customers' loyalty towards business. Such customers are also likely to do word marketing & build a business' reputation in front of other customers.
