Answer:
a. $965.74
b. $939.11
Explanation:
In this question we use the Present value formula i.e shown in the attachment below:
1. Given that,
Future value = $1,000
Rate of interest = 6.5%
NPER = 4 years
PMT = $1,000 × 5.5% = $55
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the price would be $965.74
2. Given that,
Future value = $1,000
Rate of interest = 6.5%
NPER = 8 years
PMT = $1,000 × 5.5% = $55
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the price would be $939.11
A popular manuscript format during the Gothic period was the <u>Moralized Bible</u>, <span>which paired selected scriptural passages with interpretations, using pictures and words to convey the message.
Its original name is </span><span>Bible moralisée, also known as biblia pauperum (Paupers' Bible), which is a type of a Bible with illustrations for the majority of poor people who couldn't read at the time. The Church still wanted to educate even the poor about the events of the Bible, but given that they couldn't read, they introduced pictures to help them out.</span>
Answer:
The profit margin here is $3
Explanation:
The profit margin is calculated by
Profit Margin = Sales - Cost of Sales
And
Cost of sales includes all the labour costs, cost of the inventory that has been sold, overhead cost absorbed in the inventory, depreciation etc.
So here we have cost of sales per unit of $5 per unit and selling price of per unit is $8.
By putting values we have:
Profit Margin = $8 per unit - $5 per unit = $3 per unit
Answer:
d. Decrease and total revenues from good B to decrease
Explanation:
Goods that have many substitutes and goods that makes up a significant portion of most families' budgets usually have an elastic demand.
Elastic demand means quantity demanded is sensitive to changes in price.
A good with many close substitute can easily be replaced because it has many goods that are similar to it.
If the price of the good with many close substitutes is increased, consumers would reduce qunatity demanded of the good and begin to demand for more of its many close substitutes. As a result, total revenue of seller of the good with many substitutes would fall.
A good that takes up a significant amount of a familys budget means that it cost the family a lot to acquire the good. If price of this good is increased, the family would be sensitive to the price increase and reduce their quantity demanded. As a result, the total revenue of the seller would fall.
I hope my answer helps you
Entrepreneurial qualities are those qualities and skills which an entrepreneur possesses and which can be utilized to make his business a successful one.
Entrepreneurial qualities include the following: disciplined, determination, creativity,strong human relation skills, competitive behavior, open mindedness, self confidence and self starter attitude.<span />
