Answer: The gradient of income growth is $12,59,741.59. This means that income must rise by $12,59,741.59 each year.
We follow these steps to arrive at the answer:
<h3><u>1. Calculating the total value of earnings after 15 years</u></h3>
We calculate the Future Value of the investment as follows:
This represents the total of revenues earned over 15 years from the investment.
<h3><u>2.Calculating the gradient</u></h3>
Since income increases linearly over 15 years, we can consider year 3 earnings as the base. Let the income increase in year 4 by x. Since income increases yearly, we can calculate income in each year as follows
Year Revenues
1 0
2 0
3 250000
4 250000 + x
5 250000 + 2x
6 250000 + 3x
7 250000 +4x
8 250000 + 5x
9 250000 + 6x
10 250000 + 7x
11 250000 + 8x
12 250000 + 9x
13 250000 + 10x
14 250000 + 11x
15 <u> 250000 + 12x</u>
Total 32,50,000.00 + 78x
Now we equate the values in steps 1 and above to find 'x' the gradient
Hey there
the answer is
Growth normally refers to increase in the size of the system, while "development" usually refers to improvement
thank you
OFFICIALLYSAVAGE2003
Answer: A. The most fundamental concepts of what is right and what is wrong are universal and transcend most all cultures, societies, and religions; thus, it is entirely appropriate to expect all members of society (including all personnel of all companies worldwide) to conform to universal ethical standards.
Explanation:
Ethical Universalism means that even though humans across most cultures and societies were divided by geography for ages and so developed in isolation for a time, they still adopted similar standards on what was right and what was wrong.
As a result, the most fundamental concepts of right and wrong are a shared variable across most cultures which means that in business, it is indeed possible to expect a global set of ethical standards that all people can subscribe to.
Answer:
D. $ 16 comma 862.50 unfavorable
Explanation:
The computation of the direct labor efficiency variance is shown below:
Direct labor efficiency variance is
= Standard rate × (Actual hours - standard hours)
= $9.50 × (3,000 direct labor hours - 4,900 units × 0.25 hours)
= $9.50 × (3,000 direct labor hours - 1,225 direct labor hours)
= $16,862.50 unfavorable
As actual hours is more than the standard hours which reflects the unfavorable variance and if actual hours is less than the standard hours then it would leads to favorable variance