Consider the version of the Solow growth model without technological change covered in lecture. Assume there are two countries (Country A and Country B) with closed economies and identical production functions: Y = F (K, L) = K^1/2 L^1/2. a. Write down the per worker production function y = f(k)? (where y = Y/L, k = K/L) b. Assume that neither country has population growth or technological progress and that 5% of capital depreciates each year. Assume further that Country A saves 10% of output each year and Country B saves 20 % of output each year. Find the level of capital per worker for each country at the BGP of the original system (or steady state of the modified system). Then find the levels of income per worker and consumption per worker at the BGP. c. Is the current savings rate the one that maximizes consumption In each country? If not, what is the savings rate that does for country B? d. Suppose that both countries start off (at t = 0) with a capital stock per worker of 2. What are the levels of income per worker and consumption per worker at the initial period? e. Use a calculator (or Excel) to show how capital stock per worker, output per worker and consumption per worker will evolve over time in both countries. How many years will it be before the consumption per worker in Country B is higher than the one in Country A? You can stop your calculations after this happens.

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false

This problem has been solved! see the answercompute and interpret altman's z-scoresfollowing is selected financial information for ebay, for its fiscal years 2005 and 2006.(in millions, except per share data) 2006 2005current assets $ 4,970.59 $ 3,183.24current liabilities 2,518.39 1,484.93total assets 13,494.01 11,788.99total liabilities 2,589.38 1,741.00shares outstanding 1,368.51 1,404.18retained earnings 4,538.35 2,819.64stock price per share 30.07 43.22sales 5,969.74 4,552.40earnings before interest and taxes 1,439.77 1,445.18compute and interpret altman z-scores for the company for both years. (do not round until your final answer; then round your answers to two decimal places.)2006 z-score = answer2005 z-score = answerwhich of the following best describes the company's likelihood to go bankrupt given the z-score in 2006 compared to 2007.the z-score in 2006 is half of the 2005 score. both z-scores are well above the score that represents a healthy company.the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly increased the risk of bankruptcy.the z-score in 2006 is half of the 2005 score. the z-score has decreased sharply, which suggests the company is in financial distress.the z-score in 2006 is double the 2005 score. the z-score has increased sharply, which suggests the company has greatly lowered the risk of bankruptcy.

On june 3, teal company sold to chester company merchandise having a sale price of $2,600 with terms of 2/10, n/60, f.o.b. shipping point. an invoice totaling $91, terms n/30, was received by chester on june 8 from john booth transport service for the freight cost. on june 12, the company received a check for the balance due from chester company. prepare journal entries on the teal company books to record all the events noted above under each of the following bases. (1) sales and receivables are entered at gross selling price. (2) sales and receivables are entered at net of cash discounts.