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2 years ago

Also, national saving is the income of the nation that is left after paying for . Therefore, national saving (S) is defined as:

1 answer:

6 0

National saving is the nation's income that is left after paying for current consumption and government purchases, that is S = Y-C-G.

What is national saving?

National saving (saving) is the portion of the economy's total income that is left over after paying for consumption and government expenditures. individual saving the amount of money that households have after paying for expenses like taxes and expenditures.

How does national savings affect our economic growth?

Larger investments resulting from stronger GDP growth would be produced by an increase in overall savings. The high savings rates have the effect of increasing capital and boosting the nation's economic growth.

Learn more about national saving: brainly.com/question/15109837

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Harry has just inherited $300,000. Harry has decided to quit his job and go to school full time for the next five years by livin

never [62]

Answer:

$ 75131

Explanation:

Given:

Amount inherited = $ 300000

Present amount of annuity = $ 300000

Interest rate, i = 8% = 0.08

number of years, n = 5

Now,

the formula for the present amount of annuity is given as:

Present amount of annuity = $P[\frac{1-(1+i)^{-n}}{i}]$

where,

P is the periodic payment

n is the number of years

now, on substituting the values, we get

$ 300000 = $P[\frac{1-(1+0.08)^{-5}}{0.08}]$

$ 300000 = P × 3.993

P = $ 75131.48 ≈ $ 75131

hence, the amount he can withdraw is $ 75131

3 0

3 years ago

What is the first step in consumer decisions-making process?

Elodia [21]

Consumer decision making is a process that has 5 steps. The first step is the consumer recognition of the need they need to satisfy. It is termed as the basic step since one cannot look for money to satisfy a need that they have not first recognized.

8 0

3 years ago

A dot plot titled Miles Emilia Ran Each Week going from 1 to 6. 1 has 2 dots, 2 has 3 dots, 3 has 2 dots, 4 has 2 dots, 5 has 3

ipn [44]

Answer:

The true statement is " The spread is from 1 to 6."

Explanation:

Consider the provide information.

First we will draw the dot plot as shown in the figure.

Now consider the options.

The data is not symmetric as for the symmetry the dots over 1 should be equal to the dots over 6. i.e 4.

Now find the center of the data by calculation the median of the data.

There are 16 dots in total which is an even number.

So, now we will find the average of the two middle values.

This will be the 8th and 9th value average for the given data set of 16 values.

Count from left to right the 8th and 9th values are both 4.

$\text{Median}=\frac{4+4}{2}$

$\text{Median}=4$

Hence, the center of the data is 4.

The second statement is false.

The peak of the data is at 6.

The third statement is false.

The spread is from 1 to 6 as we can see in the figure shown below.

Therefore, the true statement is " The spread is from 1 to 6."

8 0

3 years ago

Read 2 more answers

Murphy Inc., which produces a single product, has provided the following data for its most recent month of operation:

vfiekz [6]

Answer:

Part a. Compute the unit product cost under absorption costing.

Variable costs per unit:

Direct materials $ 165

Direct labor $ 72

Variable manufacturing overhead $ 8

Fixed Overheads per unit:

Fixed manufacturing overhead ($535,500/10,500) $ 51

Unit product cost $296

Part b. Compute the unit product cost under variable costing.

Variable costs per unit:

Direct materials $ 165

Direct labor $ 72

Variable manufacturing overhead $ 8

Unit product cost $245

Explanation:

Part a. Compute the unit product cost under absorption costing.

Absorption costing treats fixed overheads as part of product cost and hence fixed manufacturing overheads are included in unit product cost at their absorption rate

Part b. Compute the unit product cost under variable costing.

Variable Costing System treats fixed overheads as a Period Cost and not part of product cost hence fixed manufacturing overheads are excluded in unit product cost

8 0

3 years ago

Sarah’s Organic Soap Company makes organic liquid soap. One of the raw materials for her soaps is organic palm oil. She needs 90

Nuetrik [128]

Answer:

$1905

Explanation:

Here we will have to calculate Economic Order Quantity to lower the ordering ordering and holding cost as much as we can. So here we will use the following formula to calculate the best number of units that we should order, which is as under:

Economic Order Quantity = SquareRoot (2 * Annual Demand * ordering cost per order / Holding cost per unit per year)

Here

Annual Demand = 900kg of palm oil per day * 52 weeks * 5 day a week / 7

Annual Demand = 900 * 52 * 5 / 7 = 33,429

And

Ordering cost per order = $57 per order

Annual holding cost per unit per year is 20% of $5.25 per kg which is $1.05.

So by putting values, we have:

Economic Order Quantity = Square Root (2 * 33,429 * 57 / 1.05)

Economic Order Quantity = 1905 kgs

4 0

3 years ago