Answer: Your friend wants to open a clothing shop. A necessary capital resource is a <u>place to open the shop.</u>
Explanation: Capital is the element constituted by money and infrastructure, which are needed to take advantage of human and natural resources in the productive process, considered as essential by the capitalists, since without money and other economic resources, companies cannot settle and industries, because they need it to have facilities, furniture, machinery, buy raw materials, pay staff, and so on.
Use this formula:
A= P(1+rt),
A is the final investment amount (4424.50x10)
P is the principal amount (25,000)
r is the rate of interest (annual)
t is the time period (10)
If A= P(1+rt),
then (1+rt) = A/P.
(1+r(10)=( 44,245)/25,000
10r=1.7698-1
r=.7698/10
<span>r=.07698 or 7.698%</span>
Answer:
B. Wages tend to be inflexible downward
Explanation:
Wages are flexible if they react to changes in demand and supply. Profitability determines demand and supply level for wages. Flexibility in wages means that If the economy is performing well, companies should compensate their employees better.
Wage inflexibility implies that wages will not respond to changes in demand and supply. Wages do not rise or fall if the marginal productivity of labor increases or decreases. Wage contracts are agreements that tend to set compensation for workers regardless of their output. Minimum wage is a regulatory requirement that demands workers not to be paid below a set rate. Wage efficiency recommends higher than market rate compensation to motivate productivity.
The three factors do not advocate for wages to be pegged on productivity.
Answer: Customer group
Explanation:
The main role and responsibility of the customer group is that it aggregate the customers and this type of group basically interact with the customers about the requirement of the specific customer and tell them about the best deal that is available.
They usually help the customer and solve their all the doubt regarding the issue. The customer group is basically refers to the coupon group of members. It is also sometimes known as the customer group.
According to the question, the customer group basically allow the spring filed for serving the borrowers the best loan deal available in the market according the customer requirement.
Answer:
The correct answer is C.
Explanation:
Giving the following information:
The down payment of $5,000 and financed the balance. According to the purchase agreement, you must pay $600/month for four years, beginning one month from today. The credit agreement is based on an annual interest rate of 12%.
First, we need to calculate the final value of the monthly payment.
FV= {A*[(1+i)^n-1]}/i
A= annual deposit= 600
i= 0.12/12= 0.01
n= 12*4= 48
FV= {600*[(1.01^48)-1]}/0.01= 36,733.56
Now, we calculate the present value:
PV= FV/ (1+i)^n= 36,733.56/ (1.01^48)= 22,784
Total cost= 22,784 + 5,000= $27,784
