Answer:
1. 5.00%
2. 15.70 year
Explanation:
As per the data given in the question,
1) For computing the interest rate we need to applied the RATE formula which is shown in the attached spreadsheet
Given that
Future value = 0
Present value = -$2587.09
PMT = $950
NPER = 3 years
The formula is shown below:
= RATE(NPER;PMT;-PV;FV)
The present value comes in negative
After applying the above formula, the interest rate is 5%
2) For computing the number of years we need to use NPER i.e to be shown in the attachment below
Given that
Future Value = $920,925
Present Value = 0
PMT = -$40,000
Interest rate = 5%
The formula is shown below
= NPER(RATE;-PMT;PV;FV)
The PMT comes in negative
After applying the above formula, the nper is 15.70 years
Answer:
Positive Statements: 1st & 2nd ; Normative Statements: 3rd & 4th
Explanation:
Positive Economics is <u>objective</u> & <u>facts</u> based <u>actual</u> economic issue description , explaining verifiable phenomenas (causal relationships).
Normative Economics is <u>subjective</u> & opinion based conclusive <u>solutions</u> to economic issues, including '<u>ought to be</u>' unverifiable suggestions.
1. Lung cancer kills millions of people each year: reflects actual objective verifiable fact about an economic (health) issue.
2. Too many people smoke: denotes another actual objective variable fact connected to (potential cause of) the above economic (health) issue.
So , these two are Positive Statements.
3. If the government were to increase taxes on cigarettes, fewer people would smoke : Is subjective opinion based probable solution to the above economic (health) issue.
4. The government should increase taxes on cigarettes : Is an 'ought to' suggestion for an economic participant (govt) to solve the above economic (health) issue.
So , these two are Normative Statements
Answer:
The correct option is D
Explanation:
Return on common stockholders' equity also known as ROE which stands for Return on equity ratio, that measures the ability of the firm or company to generate the profits from the investment of shareholders in the company.
Where as Debt to assets ratio, is the one which measures the percentage of aggregate assets of the firm or company which were financed by the creditors.
Therefore, the return on common stockholders' equity is related to the debt to asset ratio.
Answer:
$2.90 per unit
Explanation:
The computation of the cost per equivalent unit of conversion is attached below:-
The formulas are shown below:-
Equivalent material = Direct material × Percentage completion
Equivalent conversion = Conversion × Percentage completion
The cost per equivalent unit come from
= Total cost ÷ number of equivalent units
hence, the cost per equivalent unit of conversion is $2.90 per unit
Answer:
D. Qualified for the Position
Explanation:
Prima Facie Evidence
Prima Facie evidence is evidence that is sufficient to establish a fact or prove a proposition unless otherwise refutted.
Age Discriminationi in Employment Act
The age discrimination in Employment Act in the US was established as a labour law in 1967 and it was established to ensure that anyone who is at least 40 years of age does not suffer from employment discrimination.
The fact that Sharon is a forty-five year-old employee means she is qualified to file a suit against her employers under the Act. However, as previously stated before it can be established whether she deserves a higher pay or more dependable than her replacement or was discriminated against because of age, Sharon will need to establish the fact that she's qualified for the position taken away from her.
If she cannot prove that proposition or it ends up being refutted by the organisation, then the Age Discrimination in Employment Act cannot be invoked.
