Answers
Answer:
Therefore the amount in the bank after 14 years is $15826.33 (approx).
Explanation:
Compound interest: The amount of the principal is not same all year.
The principal of first year = The initial amount principal
Second year principal = Principal+ interest of first year
Third year principal = The principal of second year + interest of second year.
and so on....
The amount
Here principal = $7000
r = rate of interest = 6% = 0.06
n = Time = 14 year
Amount =
=$ 15826.33 (approx)
Therefore the amount in the bank after 14 years is $15826.33 (approx)
Answer:
The amount which the bank will pay after 14 years amounts to $15,826.33
Explanation:
The amount which is to be paid after 14 years is known as Future Value (FV), which is computed as:
Using the Excel formula of FV as:
=FV(rate,nper,pmt,pv,type)
where
rate is 6%
nper is number of years which is 14 years
PMT is monthly payment which is $0
PV is Present value which is -$7,000
Putting the values above:
=FV(6%,14,0,-7000,0)
= $15,826.33
Therefore, the future value which is to be paid after 14 years amounts to $15,826.33
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Cyclical unemployment arises when:______. a. the agriculture sector completes the cycle of planting, cultivating, and harvesting the nation's food supply. b. labor unions strike for higher wages. c. the business cycle enters an expansionary phase. d. business activity in the macroeconomy declines.
Answers
Potential effects of departmental performance reports on employee behavior except including uncontrollable costs served to improve manager's morale.
Explanation:
- Performance management plays an important role to keep a proper record of all the works that are being performed in a company .
- A proper performance management also shows an important effect on the behavior of the employees.
- If the employees are boosted properly by the managers they will increase the productivity .
- This will help the company to earn profits. Departmental performance keep record of all the expenses that are being done during the production process . It also help the manager to gain information and can adopt proper strategy to reduce expenses.
Answers
Answer:
$128,000
Explanation:
The computation of inventory of skis is shown below:-
NRV = Selling price - Sales commission
= $180,000 - ($180,000 × 10%)
= $180,000 - $18,000
= $162,000
Cost = $128,000
The cost which is $128,000 lower than $162,000 NRV
So, Inventory of Skis will be $128,000 which is Lower of cost or NRV
Therefore the correct answer is $128,000
Answers
Answer:
$1428
Explanation:
Profit = Total Revenue - total cost
total revenue = price x quantity sold
total cost = variable cost + fixed cost
total revenue = 223 x $12 = $2676
Variable cost = $5 x 223 = $1115
total fixed cost = $103.00 + $30.00 = $133.00.
Total cost = $1115 + $133 = $1248
profit = $2676 - $1248 = $1428
(B) U(c,f)=min{2c,f}
(C) U(c,f)=min{2c,3f}
(D) U(c,f)=min{3c,sf}
(D) U(c,f)=2c+3f
Answers
Answer:
(B) U(c,f)=min{2c,f}
Explanation:
This is an example of Leontif utility function which states that the preferences of a consumer is to a constant ratio of quantities of two or more goods in his demand bundles and having an extra unit of a single good will not increase the utility of the consumer and will make the extra unit to waste. But having more units of all the goods in the demand bundle which maintain the constant ratio will increase the utility of the consumer.
A good example usually used in economics is that of a pair of shoe. Having one right and one left of a type of shoe gives a consumer utility at a constant ratio of 1:1, and increasing each leg by multiple of one at every point in time will increase the utility of the consumer, while increasing just only one makes the utility not to change. For instance, having only two left shoe will not give the consumer any utility and make both the left shoe useless.
In the question, the ratio of cups of corn meal, denoted by c, and cups of flour, denoted by f, is 2:1. This implies that to increase the utility of the consumer, c has to increase by a multiple of 2 at every point in time while f has to increase by one at the same point in time to maintain the constant ratio of 2:1. Increasing only c by 2 or only f by 1 will maintain the constant ratio and it will lead to a waste of the increased unit of the affected commodity.
Therefore, option (B) U(c,f)=min{2c,f} is the correct answer that gives a constant ratio of 2:1 = 2c:f.
I wish you the best.
Answers
Answer:
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Explanation:
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