Answer:
Both an initial cash outflow and future cash inflow
Explanation:
Net value cash flow is the different cash flows that happens at different times. It takes into account the initial cash outflow or capital investment and the amount that it would be getting in the future that is the future cash inflow.
The net present value gives us a difference between cash inflows and cash outflows in their present values over a period of time.
James has the choice of the following two Treasury Bills: A Government of Canada Treasury Bill for 98,000. The Canadian Treasury Bill matures in 120 days for 100,000. A U.S. Treasury Bill for 98,000. The U.S. Treasury Bill matures in 120 days for 100,000. Which of the following statements is NOT true?
A. The quoted rate for the Government of Canada Treasury Bill is 6.2075%
B. The quoted rate for the Government of Canada Treasury Bill exceeds the quoted
C. The annual effective yield rate earned by the Government of Canada Treasury Bill
D. The annual effective interest rate earned by the Govermment of Canada Treasury
E. The annual effective interest rate earned by the U.S. Treasury Bill is greater than rate for the U.S. Treasury Bill.
Answer:
E. The annual effective interest rate earned by the U.S. Treasury Bill is greater than rate for the U.S. Treasury Bill.
Explanation:
Treasury bills, or T-bills, are short term investments that are issued by the government. Unlike normal bonds which governments issued with interest payment, they do not have interest payments, but instead are sold at a discount. The Understanding how to calculate a T-bills yield and discount yield based on the maturity date is important to evaluate the investment.
A radio transceiver is
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In radio communication, a transceiver is a device that is able to both transmit and receive information through a transmission medium. It is a combination of a transmitter and a receiver, hence the name transceiver. Transmission is usually accomplished via radio waves, but communications satellites, wired connections, and optical fiber systems can also be used.
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The following selected amounts are reported on the year-end unadjusted trial balance report for a company that uses the percent of sales method to determine its bad debts expense.
Accounts receivable $ 438,000 Debit
Allowance for Doubtful Accounts 1,280 Debit
Net Sales 2,130,000
Credit All sales are made on credit. Based on past experience, the company estimates 1.0% of credit sales to be uncollectible. What adjusting entry should the company make at the end of the current year to record its estimated bad debts expense?
A) Debit Bad Debts Expense $20,020; credit Allowance for Doubtful Accounts $20,020.
B) Debit Bad Debts Expense $22,580; credit Allowance for Doubtful Accounts $22,580.
C) Debit Bad Debts Expense $21,300; credit Allowance for Doubtful Accounts $21,300.
D) Debit Bad Debts Expense $4,380; credit Allowance for Doubtful Accounts $4,380.
E) Debit Bad Debts Expense $5,660; credit Allowance for Doubtful Accounts $5,660.
Answer:
C) Debit Bad Debts Expense $21,300; credit Allowance for Doubtful Accounts $21,300.
Whats the total Late Fee Interest charged to the customers based on the policy below? Vittorla's Furniture Bazaar Accounts Receivable Aging Summary As of June 30, 2015 Customer Current 1-30 Days 31-60 Days 61-90 Days 90 Days Total Bull and Bear Café $750 $750 Eckhardt Design $1,000 $1,000 Halifax Sporting Goods $500 $500Walker Studios $1,500 $1,500TOTAL $2,250 $500 $1,000 $0 $0 $3,750 Late Fee Interest Policy Age Interest Current 0%1-30 Days 0%31-60 Days 5% 61-90 Days 10% >90 Days 20% a. $0 b. $50 c. $75 d. $100 e. $200
Answer:
b. $50
Explanation:
Vittorla's Furniture Bazaar Accounts Receivable
Aging Summary As of June 30, 2015
Customer Current/1-30 Days/31-60 Days/61-90 Days/>90 Days
Total B&B Café $750
Eckhardt Design $1,000
Halifax Sporting $500
Walker Studios $1,500
Late Fee Interest Policy
Age Interest
Current 0% x ($750 + $1,500) = $0
1-30 Days 0% x $500 = $0
31-60 Days 5% x $1,000 = $50
61-90 Days 10%
>90 Days 20%
total interest charged = $0 + $0 + $50 = $50
When the federal government changes purchases and/or taxes to stimulate the economy or rein in inflation, such policy is:_______.
a. active monetary policy
b. discretionary fiscal policy
c. active federal policy
d. sutomatic focal policy
Answer:
B. discretionary fiscal policy
Explanation:
Discretionary fiscal policy is used to stimulate an economy or rein in inflation. The government does this by making changes to it's expenditure, that is it's spending and also taxes. Such a policy can either expand or shrink the economy based on what the government is trying to achieve.
Government spending alongside taxation are used to influence aggregate demand. This would help to close deflationary gap
Flaherty is considering an investment that, if paid for immediately, is expected to return $140,000 five years from now. If Flaherty demands a 9% return, how much is she willing to pay for this investment? (PV of $1, FV of $1, PVA of $1, and FVA of $1)
Answer:
PV= $90,990.39
Explanation:
Giving the following information:
Future value= $140,000
Number of periods= 5 years
Rate of return= 9%
To calculate the price to pay today, we need to calculate the present value. We will use the following formula:
PV= FV/(1+i)^n
PV= 140,000 / (1.09^5)
PV= $90,990.39
An investor has 15 thousand dollars to invest among 3 possible investments A, B, C. Each investment must be in units of a thousand dollars. Not all the money need be invested. He must invest at least 3 thousand dollars on the investment A and at least 5 thounsand dollars on the investment B. How many different investment strategies are possible
Answer:
36 ways
Explanation:
There are 3 possible investments A, B and C.
If x represents the amount of money to be invested in the ith opportunity, it is given as:
[tex]x_1+x_2+x_3=15 \\[/tex]
Let y be the minimum investment to be made, therefore:
[tex]y_1=x_1-3\\y_2=x_2-5\\y_3=x_3\\\\Therefore:\\\\y_1+y_2+y_3+3+5=15\\\\y_1+y_2+y_3+8=15\\\\y_1+y_2+y_3=7\\[/tex]
The number of possible combinations is:
C(n + k - 1, k - 1)
Where k is the number of investment = 3 and n = 7. Therefore:
The number of possible combinations is = C(n + k - 1, n - 1) = C(7 + 3 -1, 3 - 1) = C(9, 2) = [tex]\frac{9!}{(9-2)!2!}=\frac{9!}{7!2!}=36\ ways[/tex]
An organizational role is a set of task-related behaviors required of a person by his or her position in an organization.
a) true
b) false
Answer:
True
Explanation:
because it is a method of providing service entitlements to a person within the system
Debt: 5,000 7.2 percent coupon bonds outstanding, $1,000 par value, 30 years to maturity, selling for 108 percent of par; the bonds make semiannual payments. Common stock: 440,000 shares outstanding, selling for $62 per share; the beta is 1.05. Market: 11 percent market risk premium and 5.2 percent risk-free rate. What is the company's WACC?
Answer:
the company's WACC is 15.07 %.
Explanation:
WACC = ke × (E/V) + kd × (D/V)
kd = cost of debt
Pv = $1,000 × 108% = - $1,080
n = 30 × 2 = 60
pmt = ($1,000 × 7.2 %) ÷ 2 = $36
p/yr = 2
Fv = $1,000
r = ?
Using a Financial Calculator, the Pre-tax cost of debt, r is 6.5852 or 6.59 %
After tax cost of debt = Interest × (1 - tax rate)
I will use the pre-tax cost of debt for now since i do not have the tax rate on this question.
ke = cost of equity
= Return on Risk free security + Beta × Market Risk Premium
= 5.20 % + 1.05 × 11.00 %
= 16.75 %
E/V = Market Weight of Equity
= (440,000 × $62) / (440,000 × $62 + 5,000 × $1,080) × 100
= 83.48 %
D/V = Market Weight of Debt
= (5,000 × $1,080) / (440,000 × $62 + 5,000 × $1,080) × 100
= 16.52 %
WACC = 16.75 % × 83.48 % + 6.59 % × 16.52 %
= 15.07 %
Find a numerical equation relating planned aggregate expenditure to output and to the real interest rate. [i.e. write down the PAE equation]
Answer:
The answer is below
Explanation:
Aggregate expenditure is the current value of finished products in an economy, it is gotten by summing all expenditures spent over a period of time in an economy. It is given by the formula:
PAE = [tex]C^d+I^p+G+X[/tex]
Where PAE is the planned aggregated demand, C is the household consumption, X is the difference between exports and imports, I is the investments while G is government expenditures
Which one of the following stock index futures has a multiplier of 50 Hong Kong dollars times the index?
a. FTSE 100
b. Hang Seng
c. Nikkei
d. DAX-30
e. FTSE 100 and Hang Seng
Answer:
b. Hang Seng
Explanation:
Hong Kong's Hang Seng Index Futures and Hang Seng China Enterprises Index Futures operate with a contract multiplier of HK$50 (50 Hong Kong dollars) per point.
The Mini-Hang Seng Index Futures and the Mini-Hang Seng China Enterprises Index Futures operate with a contract multiplier of HK$10 per point.
If a firm has a strong set of innovation skills and capabilities, it should pursue entrepreneurial opportunities through acquisitions. joint ventures. strategic alliances. internal innovation.
Answer: Internal innovation.
Explanation:
If a firm is blessed with a strong set of innovation skills and capabilities then they should look in-house to come up with new entrepreneurial ventures and opportunities that can make them grow.
They could establish a Research and Development department to come up with various ways to grow the company. The key talent that R&D departments need to succeed is to be able to be innovative which is something that the company apparently has. If they can leverage these skills inwardly then they can grow from within like Apple did in its early days.
In an efficient market, professional portfolio management can offer all of the following benefits except which of the following?
A. A superior risk-return trade-off
B. Low-cost diversification
C. A targeted risk level
D. Low-cost record keeping
Answer:
A. A superior risk-return trade-off
Explanation:
In a normal and efficient market a professional portfolio management service is able to offer Low-cost diversification, A targeted risk level, and even a Low-cost record keeping. What they cannot offer is a superior risk-return trade-off, this is because risk-return holds a very correlated trade-off in which the higher amount of risk your portfolio holds the higher returns you can get from it, but this does not get rid of the risk which can cause you to lose all of your money. Therefore "superior" is unnachievable.
Southport industries company has current assests of $610000 and a current ratio is 4.1. Assume that the company prepays rent for 9 months in the amount of $34,000. The current ratio after this transaction is closest to:_____.
A) 5.03.
B) 3.90.
C) 3.68.
D) 4.12.
Answer: D. 4.12
Explanation:
From the question, we are informed that Southport industries company has current assests of $610000 and a current ratio is 4.1 and that the company prepays rent for 9 months in the amount of $34,000.
It should be noted that the current ratio is calculated as:
= Current assets/Current liabilities
4.1 = $610,000/current liabilities
Current liabilities = $610,000/4.1
= $148,781
The current ratio will still be close.to 4.1 based on the above analysis.
firm x projects an roe of 14% and it will maintain a pplowback ratio of .45 its earnings this year will be 3.60 per share investors expect 11% rate of retrun on the stock what price do you expect form x shares to sell for in 2 years
Answer:
$47.61 per share
Explanation:
As we know that:
Current Price = Expected Dividend / (Required Return - Growth Rate)
Here
Expected Dividend is $1.98 (Step1)
Required Return is 11%
Growth Rate is 6.3%
By putting values, we have:
Current Price = $1.98 / (0.11 - 0.063)
Current Price = $42.13
The price of Stock in 2 years will be adjusted by growth rate:
Price of Stock in 2 years = Current Price * (1 + Growth Rate)^2
Here
Current Price of the stock is $42.13 per share
Growth rate = ROE * Plowback Ratio = 14% * 0.45 = 6.30%
By putting values, we have:
Price of Stock in 2 years = $42.13 * 1.063^2
Price of Stock in 2 years = $47.61 per share
So, you should expect the share to sell at $47.61 in 2 years
Step 1: Find Expected Dividend
Expected Dividend = Expected Earnings * Payout Ratio
Here
Expected Earnings is $3.6 per share
Payout Ratio = 1 - Plowback Ratio = 1 - 0.45 = 55%
By putting values in the above equation, we have:
Expected Dividend = $3.60 * 55%
Expected Dividend = $1.98 per Share
Olsson Corporation received a check from its underwriters for $72 million. This was for the issue of one million of its $5 par stock that the underwriters expect to sell for $72 per share. Which is the correct entry to record the issue of the stock
Answer:
Debit Cash for $72,000,000
Credit Common Stock for $5,000,000
Credit Paid in capital in excess of par for $67,000,000
Explanation:
The correct entry will be look as follows:
Account Name Dr ($) Cr($)
Cash 72,000,000
Common Stock (w.1) 5,000,000
Paid in capital in excess of par (w.2) 67,000,000
(To record the issue of one million of $5 par stock.)
Wokings:
w.1: Commons stock = 1,000,000 * $5 = $5,000,000
w.2: Paid in capital in excess of par = Amount received from underwriter - Common stock = $72,000,000 - $5,000,000 = $67,000,000
An operating budget is a prediction of expected revenues and expenses and other operating and financing transactions for a future period. true or false
Answer:
True
Explanation:
An operating budget is a budget that forecasted the expected revenues, expenses, and other operating & financing transactions for a future period so that the company get to know how much revenues to be earned and how much the expenses to be incurred during the particular year
Hence, the given statement is true
Suppose a firm is the exclusive supplier of Painite, the world's rarest gemstone. Output is sold in two markets, A and B. Assume consumers in the markets are unable to sell gemstones to one another and can only purchase directly from the firm. Market A has a more inelastic demand than market B. What can be said about the prices the firm charges in each market?
Answer:
d. Market A will have a higher price than market B
Explanation:
As we know that in the non elastic market, the seller could charge the high price while on the other hand in the elastic market it can charge a smaller price
as if there is an inelastic demand than it would leads to 1% rise in price that decrease the quantity demanded by smaller than 1%. Also if the price increased the total revenue also rises
And if there is an elastic demand than it would leads to 1% rise in price that decrease the quantity demanded by more than 1% and the price increased the total revenue is decreased
As it is given that the Market A contains more inelastic demand than market B so the seller charged a high price in market A than in Market B
Hence, the last option is correct
suppose the production function is q min k 2l. how much output is produced when 4 units of labor and 9 units of capital are employed
Answer:8 = output produced
Explanation:
Given production function as q = min k 2l
where k = capital units
and l = labor units
min= minimum
Suppose units of labor = 4 units
capital employed = 9 units
q = min k 2l
q = min 9, 2 x 4
q= min 9, 8
q =8 = output produced , since 8 is the minimum output produced.
The production function is the technical relationship between the input and the output quantities being produced by the organization. The main factors affecting the production function are the amount of capital and the number of labor.
The output produced is 8 units.
Computation:
Given,
The production function is q=min{K,2L}
Were,
K is the capital units
L is the labor units
Equation:
Q=min {K, 2L}
Substituting the value of K and L in the above equation.
Q=min {9,2x4}
Q=min{9,8}
Therefore, the outputs produced with 4 units of labor and 9 units of capital is 8 units to be produced.
To know more about production function, refer to the link:
https://brainly.com/question/24879976
Thomsen Computer Company produces three products: Earth, Wind, and Fire. Earth requires 80 machine setups, Wind requires 60 setups, and Fire requires 180 setups. Thomsen has identified an activity cost pool with allocated overhead of $360000 for which the cost driver is machine setups. How much overhead is assigned to each product?
Answer:
Earth = $90,000
Wind = $67,500
Fire = $202,500
Explanation:
Activity based costing is a costing system that assigns the cost of identified activities , mostly overhead and indirect cost to all products and services produced according to the respective volume of the activities consumed by each of the products and services , using cost drivers.
Workings.
The cost driver in the scenario is Machine set up
Earth = 80 set up
Wind = 60 set up
Fire = 180 set up
Total = 320 set up
General Overhead = 360,000
Earth = 80/320 *360,000 = 90,000
Wind = 60/320*360,000 = 67,500
Fire = 180/320*260000 = 202,500
Job rotation is a system where an employee is moved from one specialization to another in order to discipline the employee.
A. True
B. False
Describe the main differences for revenue spending between ""for profit"" companies and ""not for profit"" companies. Describe how the main financial documents of Goodwill are similar to those companies that are ""for profit"". Describe how the main financial documents of Goodwill are difference to those companies that are ""for profit"".
Answer with Explanation:
The analysis includes the assessment of Non profit organization's efficiency both in fundraising and spending, economy of operations and the effectiveness of the operations. This can be explained with an example. For example if the non profit organization has an objective to increase the book reading habit because it believes that the people who read more are not violent personalities and in this way they can reduce the crime rate. So it has established number of libraries in different communities. Now we will look at at what cost it has acquired these libraries (Economy), how much people have visited these libraries (Efficiency) and whether the crime rate in the community has sufficiently fallen or not (Effectiveness). So this helps in understanding whether the objective was met or not.
However when we analyze the financial statement of profit making organizations then we use many profit and efficiency ratios to assess the performance of the organization. These ratios can also be helpful if the NGO is in business as well. But most of the NGOs rely on grants and these grants are subjective to their previous performance.
The NGOs are also required to publish reports according to the grant provider's enforced accounting principles, rules and guidelines. Just take the example of US-AID program that requires the Non profit organization to publish financial reports in specific format and enforces different Generally Acceptable Principles to be used in preparing these financial reports. So yes it is much more different in analyzing the financial statements of Non profit organization and profit making organization.
assume the fixed overhead per unit was $1.50 for both the beginning and ending inventory. what is net income under absorption costing
Answer:
Net income under absorption costing is $904,370.
Explanation:
Note: This question is not complete and it contains an error in the only available data. The complete correct question is therefore provided before the question is answered as follows:
Kluber, Inc. had net income of $908,000 based on variable costing. Beginning and ending inventories were 55,800 units and 53,600 units, respectively. Assume the fixed overhead per unit was $1.65 for both the beginning and ending inventory. What is net income under absorption costing?
The explanation to the answer is now given as follows:
Variable costing is a costing technique that takes only the variable cost into consideration and exclude the fixed manufacturing overhead from the production production cost of a product.
Absorption costing is a costing technique in which the fixed overhead cost of production is allocated to products produced.
For this question, net income under absorption costing can be determined as follows:
Net income based on variable costing = $908,000
Total beginning fixed overhead = Beginning inventories * Fixed overhead per unit = 55,800 * $1.65 = $92,070
Total ending fixed overhead = Ending inventories * Fixed overhead per unit = 53,600 * $1.65 = $88,440
Adjustment for fixed overhead for the period = Total ending fixed overhead - Total beginning fixed overhead = $88,440 - $92,070 = -$3,630
Net income under absorption costing = Net income based on variable costing + Adjustment for fixed overhead for the period = $908,000 + (-$3,630) = $908,000 - $3,630 = $904,370
Therefore, net income under absorption costing is $904,370.
A client purchased 1,500 shares of stock from a broker-dealer, a registered market maker in this stock. The broker-dealer acted in a(n):
Complete Question:
A client purchased 1,500 shares of stock from a broker-dealer, a registered market maker in this stock. The broker-dealer acted in a(n):
Group of answer choices
a. Principal capacity and charged the client a markup
b. Agency capacity and charged the client a commission
c. Principal capacity and charged the client a commission
d. Agency capacity and charged the client a markup
Answer:
a. Principal capacity and charged the client a markup.
Explanation:
In this scenario, a client purchased 1,500 shares of stock from a broker-dealer, a registered market maker in this stock. The broker-dealer acted in a principal capacity and charged the client a markup.
A market maker can be defined as an individual or organization such as a broker-dealer who is usually willing to trade (buy and sell) stocks. This simply means that, a market maker is engaged in the business of trading shares of stock.
Generally, in the trading of stocks a market maker actually acts in a principal capacity and could charge his or her clients either a markup or markdown.
A markup can be defined as the difference between the amount of money paid by a customer and the market price of a stock being held by a broker-dealer.
A portfolios is composed of two stocks, A and B. Stock A has a standard deviation of return of 19%, while stock B has a standard deviation of return of 25%. Stock A comprises 70% of the portfolio, while stock B comprises 30% of the portfolio. If the variance of return on the portfolio is .034, the correlation coefficient between the returns on A and B is_____.
a. 536.
b. 375.
c. 161.
d. 134.
Answer:
0.536
Explanation:
The computation of the correlation coefficient is shown below:-
[tex]\sigma^2_A \times w^2_A + \sigma^2_B \times w^2_B + 2\times w_A \times w_B \times \rho_{AB} \times \sigma_A \times \sigma_B = 0.034[/tex]
[tex]0.19^2 \times 0.70^2 + 0.25^2\times 0.30^2 + 2*0.70 \times 0.30 \times \rho_{AB} \times 0.19\times 0.25 = 0.034[/tex]
[tex]0.023314 + 0.01995 \times \rho_{AB} = 0.034[/tex]
[tex]0.01995 \times \rho_{AB} = 0.010686\\\\\rho_{AB} = 0.536[/tex]
Therefore for computing the correlation coefficient between the returns on A and B we simply applied the above formula.
So, according to the question the option is not available. The right answer is 0.536 and the same is not considered
Norman Bates is considering opening a motel. He estimates that the following costs will be incurred during his first month of operations: Rent $9,200, Wages $16,400, Laundry service 7,000, Occupancy taxes $10.00 per night. Soap & Shampoo will cost $3.00 per night. He must also pay a management company a management fee of $1.10 per night, since he will not be able to manage all aspects of the motel. In addition, cleaning costs are expected to behave in relation to the number of nights as follows: Number of nights Cleaning Costs 40 $ 600 60 $ 730 90 $ 960 120 $1260 140 $1500 Norman anticipates that he can charge $90 per night for each room. Instructions (a) Using the high-low method, determine the variable and fixed cost components of the cleaning costs. (b) Calculate the total variable costs and total fixed costs (c) Determine the break-even point in number of nights and sales dollars.
Answer:
Fixed costs:
Rent $9,200
Wages $16,400
Laundry service $7,000
Variable costs:
Soap & Shampoo $3.00
Management fee $1.10
Mixed costs (cleaning):
40 $600
60 $730
90 $960
120 $1,260
140 $1,500
a) variable cost = ($1,500 - $600) / (140 - 40) = $900 / 100 = $9
fixed costs = $600 - ($9 x 40) = $240
b) total fixed costs = $32,840
total variable costs per night = $13.10
c) contribution margin = $90 - $13.10 = $76.90
break even point = $32,840 / $76.90 = 427 nights
sales dollars = $427 x $90 = $38,430
You have $11,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 15 percent and Stock Y with an expected return of 10 percent. Assume your goal is to create a portfolio with an expected return of 13.85 percent. How much money will you invest in Stock X and Stock Y?
Answer:
Invest $8,470 in XInvest $2,530 in Y.Explanation:
The following expressions can be formed;
Let x and y be the proportions
x + y = 1
0.15x + 0.1y = 13.85%
Expressing y in terms of x;
x + y = 1
y = 100 - x
0.15x + 0.1 ( 1 - x) = 13.85%
0.15x + 0.1 - 0.1x = 13.85%
0.05x = 13.85% - 0.1
x = 13.85%0.05 - 0.1/0.05
x = 77%
Invest 77% in X = 77% * 11,000
= $8,470
Invest in Y
= 11,000 - 8,470
= $2,530
An investor is considering buying a restaurant that has been in operation for a number of years. The restaurant has a highly regarded chef and many long-term kitchen and wait staff who work together smoothly. It has a reputation for dishes of consistently high quality and an appealing dining atmosphere. Which of the following should the investor consider when making a decision?
A. The investor should realize that the success of this restaurant is so heavily based on human resources that the business will likely be subject to inertia in the future.
B. The investor may find that the restaurant's financial statements undervalue the true value of its resources.
C. The investor should be aware that intangible assets are difficult to leverage into additional businesses.
D. The investor should search for a firm that has competitive advantages based on tangible resources.
Answer:
B.
Explanation:
The investor should consider that they may find that the restaurant's financial statements undervalue the true value of its resources. If this were to be the case then the investor would have made a lot of money since they would have paid face value for the restaurant when in actuality it was massively undervalued and is worth a lot more, meaning he would make a large profit on his investment from the beginning.
Which of the following is designed to partially remedy the problem of excessive insurance? Baumol’s cost disease
Answer:
The Cadillac tax
Explanation:
The benefit for health case sponsored by the employer in the case when the defined limits that should be legal will be 40% of excise tax also the taxes are paid by the insurance companies but the same is to be borne by an individual also it determines who has to receive the benefit of the insurance. It also restricts the limit of private health insurance
So here in the given situation, it is a Cadillac tax
In 2008 approximately what percent of the world's population lived in Asia? PROVIDE/EXPLANATION PROOF FOR YOUR ANSWER. INCOMPLETE, UNRELATED, SELF - PROMO and NONSENSE ANSWERS WILL BE REPORTED!!!
Answer:
We can infer from the graph, that about two thirds (around 60%) of the world's population lived in Asia in 2008.
Asia is by far the most populated continent in the world. The two most populous countries of the globe are located in Asia: India, and China, each with over 1 billion people.