BUSINESS COLLEGE

With an inflation rate of 9 percent, prices would double in how many years?

Answers

Answer 1

Answer:

Answer:

8 years

Explanation:

the rule of 72 calculates how long it takes for an amount to double given interest rate

72 / 9% = 8 years

Answer 2

Answer:

Final answer:

The 'Rule of 72' can be used to estimate how long it would take for prices to double with an inflation rate of 9 percent. According to this rule, it would take approximately 8 years.

Explanation:

In order to calculate how long it would take for prices to double with an inflation rate of 9 percent, you can use the 'Rule of 72'.

The Rule of 72 is a simplified way to estimate the number of years required to double the money at a given annual rate of return or inflation. According to this rule, you simply divide 72 by the annual rate of return or inflation. Therefore, using the Rule of 72, it would take approximately 8 years (72 divided by 9) for prices to double with an inflation rate of 9 percent.

Learn more about Inflation here:

brainly.com/question/34016204

#SPJ3

Related Questions

If your company’s product is mobile phones, do you think it would make better strategic sense to employ a multidomestic strategy, a transnational strategy, or a global strategy? Multiple Choice A transnational strategy would be appropriate since the same strategic theme could be employed, but country-to-country customization is necessary to accommodate consumer preferences in mobile phone features. A global strategy makes best strategic sense since country-to-country customization to fit local market conditions is necessary. A global strategy would be appropriate since most mobile phones are constructed to work globally and buyer needs across the world are relatively universal. A multidomestic strategy is called for since mobile phone features must be tailored to the specific market conditions and buyer preferences in each country market. A transnational strategy would make better strategic sense since it would be difficult to employ essentially the same strategic theme in all country markets.
On January 3, 2011, Austin Corp. purchased 25% of the voting common stock of GainsvilleCo., paying $2,500,000. Austin decided to use the equity method to account for thisinvestment. At the time of the investment, Gainsville's total stockholders' equity was$8,000,000. Austin gathered the following information about Gainsville's assets andliabilities:On January 3, 2011, Austin Corp. purchased 25% ofFor all other assets and liabilities, book value and fair value were equal. Any excess of costover fair value was attributed to goodwill, which has not been impaired. For all other assets and liabilities, book value and fair value were equal. Any excess of costover fair value was attributed to goodwill, which has not been impaired.What is the amount of goodwill associated with the investment?
In a press conference, the president of a small country displays a chart showing that GDP has risen by 10 percent every year for five years. He argues that this growth shows the brilliance of his economic policy. However, his chart uses nominal GDP numbers. This chart might be wrong because it: is rare for GDP to increase by the same amount for five years. only uses five years of information. relies on nominal GDP which might have increased because of price increases and not output increases. relies on nominal GDP which might have increased because of output increases and not price increases. If you were a reporter at the press conference, to get a more accurate picture of the country’s economic growth you should ask for the: unemployment rate which reflects changes in international flows. growth rate of real GDP which excludes price changes. growth rate of real GDP which includes price changes. inflation rate which includes price change.
Producers' total revenue will decrease if A. The price rises and demand is inelastic. B. income increases and the good is a normal good. C. the price rises and demand is elastic. D. income falls and the good is an inferior good.
Leilani enters into a contract with Metro Taxi Company to work as a cabdriver. Under the plain meaning rule, if the contract’s writing is clear and unequivocal, the meaning of the terms must be determined from a. any relevant extrinsic evidence. b. only evidence not contained in the document. c. the later testimony of the parties. d. only the face of the instrument.

10. The act of assigning formal authority and responsibility for a completion of specifi activities to a subordinate. A/ Allocation B/ Delegation C/ Subordinate D/ All

Answers

The answer is B/ Delegation.

Haver Company currently produces component RX5 for its sole product. The current cost per unit to manufacture the required 50,000 units of RX5 follows. Direct materials $ 5.00 Direct labor 9.00 Overhead 10.00 Total costs per unit 24.00 Direct materials and direct labor are 100% variable. Overhead is 70% fixed. An outside supplier has offered to supply the 50,000 units of RX5 for $19.00 per unit. Required: 1. Calculate the incremental costs of making and buying component RX5.

Answers

Answer:

The incremental costs of making and buying component RX5 is $100,000

Explanation:

For computing the increment cost of making and buying component RX5, first we have to compute the cost of making and buying component RX5 separately.

Cost of making includes:

Direct Material = 50,000 × $5 = $250,000

Direct Labor = 50,000 × 9 = $450,000

Variable Overhead cost = 50,000 × 10 × 30% = $150,000

So, total cost of making = Direct material cost + direct labor cost + variable overhead cost

= $250,000 + $450,000 + $150,000

= $850,000

Now, the cost of buying component is equals to

= units × RX5 per unit

= 50,000 × $19

= $950,000

So, the incremental costs of making and buying component RX5 is equals to

= cost of making - cost of buying component

= $950,000 - $850,000

= $100,000

Hence, the incremental costs of making and buying component RX5 is $100,000

Final answer:

The incremental cost of making component RX5 is $5.00 per unit.

Explanation:

To calculate the incremental costs of making and buying component RX5, we need to compare the cost of making the component in-house versus buying it from an outside supplier. The incremental cost of making the component is the difference between the current cost per unit to manufacture and the cost offered by the supplier. Here's how to calculate it:

Incremental cost of making = Total costs per unit - Cost offered by the supplier
Incremental cost of making = $24.00 - $19.00
Incremental cost of making = $5.00 per unit

The incremental cost of making component RX5 is $5.00 per unit.

Learn more about Cost here:

brainly.com/question/33292944

#SPJ3

You are saving for the college education of your two children. They are two years apart in age; one will begin college 15 years from today and the other will begin 17 years from today. You estimate your children’s college expenses to be $40,000 per year per child, payable at the beginning of each school year. The appropriate interest rate is 7 percent. Your deposits begin one year from today. You will make your last deposit when your oldest child enters college. Assume four years of college for each child. How much money must you deposit in an account each year to fund your children’s education?

Answers

Answer:

It will deposit $ 10,082.68 per yearto fund their children tuiton

Explanation:

We calculate the present value of the tuiton:

We must notice payment are made atthe beginning of the year. So this will be an annuity-due

$C * (1-(1+r)^(-time) )/(rate)(1+r) = PV\n$

C 40,000 per year

time 4 year

rate 7% = 7/100 = 0.07

$40000 * (1-(1+0.07)^(-4) )/(0.07) (1+0.07) = PV\n$

PV $144,972.6418

we round to 144,972.64

Then, we have two children and we stop the payment when the oldest children goes into college.

so one tuiton must be carryied two years into the future:

$Principal \: (1+ r)^(time) = Amount$

Principal $144,972.64

time 2 years

rate 0.07000

$144972.64 \: (1+ 0.07)^(2) = Amount$

Amount 165,979.18

We add both to get the total value of our fund:

144,972.64 + 165,979.18 = 310,951.82 = 310,952

Finally we calculate the couta of this annuity for 17 years

$PV / (1-(1+r)^(-time) )/(rate) = C\n$

PV $310,952.00

time 17 years

rate 7% = 0.07

$310952 * (1-(1+0.07)^(-17) )/(0.07) = C\n$

C $ 10,082.68

Based o the fact that there are two children involved and the annual savings have to be uniform, the annual amount to fund your children's education will be $10,808.

How much should you deposit yearly?

The amount needed for both children is:

= 2 students x ( College expenses x Present value factor for Annuity due, 7%, 4 years)

= 2 x (40,000 x 3.6243)

= $271,597

This is the total amount to be saved so the amount to be saved yearly is:

271,597 = Amount x ( ( 1 + 7%)¹⁵ - 1) / 7%

Amount = 271,597 / 25.1290

= $10,808

Find out more on annuities at brainly.com/question/5303391.

¿Cómo afectará una reducción de la jornada de trabajo en el sueldo del trabajador?

Answers

Answer:

En términos generales, reducir la jornada laboral del trabajador reduce su sueldo o remuneración, ya que las empresas pagan a los trabajadores un salario acorde no sólo a su nivel de productividad, sino que también a la cantidad de tiempo que laboran.

Aunque es posible que en ciertas formas contractuales dicha reducción horaria no repercuta en el sueldo, o también puede suceder que el trabajador realmente sea más productivo trabajando menos, lo cual hasta podría hacer que su salario aumente, dependiendo del contexto.

Sienna Manufacturing uses a two-step process to make a metal part. The first step involves cutting with a machine that requires a 40-minute setup time before the production of each batch. The cutting takes 30 minutes per part. The second step is polishing the parts from cutting. The polishing takes 40 minutes per part, and the polishing machine requires no setup. Assume demand is unlimited. What is the ideal batch size of the parts?a. 10
b. 8
c. 4
d. 2

Answers

The correct answer is:

c. 4

Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. In 2019, she sells the following long-term assets used in her business: Asset Sales Price Cost Accumulated Depreciation Building $234,000 $204,000 $56,000 Equipment 84,000 152,000 27,000 Lily's taxable income before these transactions is $194,500. What are Lily's taxable income and tax liability for the year