Answer:
(1) Pe =0.3Pm + 0.15 Pa
Pm = 0.7Pe + 0.2 Pm + 0.3 Pa
Pa = 0.3 Pe + 0.5Pm +0.55 Pa
(2) The free variable Pa = 100
Explanation:
Solution
We create a table of outputs using the given percentages economy distribution
Energy Manufacturing agriculture Purchased by
0 0.3 0.15 energy
0.7 0.2 0.3 manufacturing
0.3 0.5 0.55 Agriculture
Let Pe Pm, Pa represent the prices for each sector
We then create an income equation using the expenses of the table above
Now,
Pe =0.3Pm + 0.15 Pa
Pm = 0.7Pe + 0.2 Pm + 0.3 Pa
Pa = 0.3 Pe + 0.5Pm +0.55 Pa
Note: Kindly find an attached copy of part of the solution to the given question and complete question to of this exercise below
Answer:
2014 36,000
205: 24,000
Explanation:
500,000 x 12% = 60,000 construction realted per year
Capitalize:
timeline:
<--/--/--/--/--/--/--/--/--/--/--/--/-->
each month the company is doing an spending related to the construction. We must capitalize based on the amount investment.
The first month capitalize throught the whole year,
the second month 11 months
the third for 10 months and so on.
Therefore, the capitalize amount will be half of the cost of the year
2014: interest capitalized through the cost of construction
600,000/2 x 12% = 36,000
400,000/2 x 12% = 24,000
That's the maximum amount we can capitalize for construction.
Explanation:
i=interest rate
X=current rate
2X = double current rate
n = number of years
Calculate time it takes to double at 3%:
2X = X(1+i)^n
simplify by cancelling out X
(1+i)^n = 2
substitute i = 3%
(1.03)^n =2
take log
n*log(1.03) = log(2)
n = log(2)/log(1.03) = 0.6931/0.02956 = 23.45 years
Similarly, for growth rate of 7%,
n = log(2)/log(1.07) = 0.6931 / 0.06766 = 10.24 years
So the difference is 23.45-10.24 = 13.21 years (to the hundredth) sooner
Answer:
Adjusting Entry
Cost of goods sold (Dr.) $11,000
Beginning Inventory (Cr.) $6,000
Purchases (Cr.) $5,000
Closing Entry
Ending Inventory (Dr.) $2,000
Income Summary (Cr.) $2,000
Explanation:
The adjusting entry is made by debiting cost of goods sold account which reflects the amount of inventory sold during the month and the entry is credited by beginning inventory of $6,000 and the remaining amount which is $5,000 is credited in purchases account.
The closing entry is made by debiting the ending inventory by the amount of $2,000 and Income Summary account is credited by the same amount to close the inventory account.
Economists, however, identify six major functions of governments in market economies. Governments provide the legal and social framework, maintain competition, provide public goods and services, redistribute income, correct for externalities, and stabilize the economy.
