Answer:
1. -$1,716,410.40
2. destroying wealth
Explanation:
The formula to compute EVA is shown below:
1. = Net operating income or earnings after taxes - (total capital employed × actual cost of capital)
= $14,107,956 - ($131,869,720 × 12%)
= $14,107,956 - $15,824,366.40
= -$1,716,410.40
2. As we see that the amount comes in negative that represent the wealth is destroyed
Yes, because a country needs to have enough economic success to budget in the technology to get economic resources.
The following statement supply curve A is perfectly elastic and supply curve B is perfectly inelastic are correct.
Explanation:
If there is no response from demand to prices and supply curve is vertical then the supply is perfectly inelastic.If there is more change in demand and very less change in price and supply curve is horizontal then the supply is perfectly elastic.
If the elasticity is greater than one that indicates high change in price known as Elastic supply. if the Elasticity is less than one that indicates low change in price then it is said to be Inelastic supply.
Answer:
The correct answer is option D.
Explanation:
Even though the democratic republic of Congo is rich in natural resources while Switzerland has almost no natural resources, but Switzerland is among one of the richest countries while Congo is among the poorest.
This indicates that abundant natural resources are not the only factor required for economic growth. Other factors such as human capital, physical capital, state of technology, etc. are also necessary for economic growth. Abundant natural resources cannot be efficiently utilized without these factors.
Even if a country is not rich in natural resources but possesses these factors, it can still have high economic growth.
Answer:
Explanation:
To record the conversion:
Dr Debt conversion expense 68,000
Dr Bonds payable 10,000,000
Cr Discount on bonds 51,000
Cr Common stock 1,000,000
Cr Paid in capital in excess of common stock 8,949,000
Cr Cash 68,000
