Question 9 of 10

The richest 1% of the world's population owns more wealth than the rest of the 99% combined. True or False

zimovet [89]

The distribution of wealth on Earth is such that the richest 1% are wealthier than the rest of the 99% combined so this is <u>True</u>.

<h3>How is income distributed?</h3>

The top 1% of the human population are so wealthier that they own more than the combined assets of the other 99%.

This was confirmed in 2016 by Oxfam, and the scary part is that this trend is set to continue.

Find out more on income distribution at brainly.com/question/4993794

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5 0

2 years ago

Activity-Based Costing for a Service Business Sterling Hotel uses activity-based costing to determine the cost of servicing cust

Tatiana [17]

Answer:

Total allocated cost= $146.4

Explanation:

Giving the following information:

Julie Stone visited the hotel for a 6-night stay.

Julie had 3 meals in the hotel during the visit.

guest check-in= $8.40 per guest check-in

room cleaning= $21.00 per room cleaning

meal service= $4.00 per served meal

<u>To allocate costs based on the activity, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

guest check-in= 8.40*1= 8.4

room cleaning= 21.00*6= 126

meal service= 4.00*3= 12

Total allocated cost= $146.4

3 0

3 years ago

stock sells for $100 rights-on, and the subscription price is $90. Ten rights are required to purchase one share. Tomorrow the s

m_a_m_a [10]

Answer:

$99.09

Explanation:

Calculation for What is Tricki's expected price when it begins trading ex-rights

Using this formula

Expected price=Stock rights-on- [ (Stock rights-on-Subscription price)÷(10 rights+ One share)]

Let plug in the formula

Expected price=$100-[($100-$90)÷(10+1)]

Expected price=$100-($10÷11)

Expected price=$100-$0.91

Expected price=$99.09

Therefore Tricki's expected price when it begins trading ex-rights will be $99.09

3 0

3 years ago

Carney Construction purchased a truck for $55,000 on January 1, 2015. The truck had an estimated useful life of 5 years and an e

ddd [48]

Answer:

The amount of depreciation would be recorded in 2016 was $12,000

Explanation:

Under the straight-line method, useful life is 5 years, so the asset's annual depreciation will be 20% of the Depreciable cost.

Depreciable cost = Total cost of the equipment - Residual value = $55,000 - $5,000 = $50,000

Under the double-declining-balance method the 20% straight line rate is doubled to 40% - multiplied times the Depreciable cost's book value at the beginning of the year.

Depreciation expense for 2015 = 40% x $50,000 = $20,000

At the beginning 2016, the Depreciable cost's book value is $50,000-$20,000 = $30,000

Depreciation expense for 2016 = 40% x $30,000 = $12,000

7 0

3 years ago

Harriet used her credit card to buy a $779 laptop, which she paid off by making identical monthly payments for two and a half ye

pshichka [43]

Interest is the charge that is levied on the principal at a fixed percentage. The percentage of interest in the lifetime cost of the laptop is 13.7%.

<h3>What is interest?</h3>

Interest is the payment that the borrower incurs as a percentage of the principal for borrowing money.

Compound interest refers to the interest calculated on the principal and the interest up to the current interest period. The compound interest can be calculated using the formula:

$\rm Compound\:interest = P(1+ \dfrac{r}{n})^{nt} - P$ , where P is the principal amount, r is the rate of interest, n is the number of times the interest is compounded, and t is the tenure. The total number of period is represented as nt.

The total lifetime cost of the laptop will be the combination of its purchase price, interest, and electricity expense.

Given,

The value of the laptop (P) is $779

The number of years of the loan is 2.5 years.

The APR is 11.27%.

The interest on the laptop will be:

$\rm Compound\:interest = P(1+ \dfrac{r}{n})^{nt} - P\\\\\rm Compound\:interest = \$779(1+ \dfrac{0.1127}{12})^{(12)(2.5)} - \$779\\\\\rm Compound\:interest = \$779(1.0094)^{30} - \$779\\\\\rm Compound\:interest = \$779(1.3237) - \$779\\\\\rm Compound\:interest = \$1031.167 - \$779\\\\\rm Compound\:interest = \$252.167$

The electricity charges for 6 years will be calculated as the product of electricity charges per day and the number of days in 6 years.

Total number of days will be calculated as:

$\rm Total\:number\:of\:days = (365 \times 4) + (366 \times 2)\\\\\rm Total\:number\:of\:days = 2192 \:days$

Therefore electricity charges will be:

$\rm Electricity \:charges = 2192 \times \$0.36\\\\\rm Electricity \:charges = \$789.12$

Hence the total lifetime value of the laptop is:

$\rm Total\: lifetime \:value = \$779 + \$252.167 + \$789.12\\\\\rm Total\: lifetime \:value = \$1830.287$

The percentage of interest in total lifetime value is:

$\rm Percentage\:of\:interest = \dfrac{Interest}{Total\: lifetime \:value}\times 100\\\\\rm Percentage\:of\:interest = \dfrac{252.167}{1830.287}\times 100\\\\\rm Percentage\:of\:interest = 13.7\%$

The difference in answers could be a result of rounding. Therefore the correct option is b.

Learn more about interest here:

brainly.com/question/4605117

3 0

2 years ago