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Anton [14]
1 year ago
7

Determine what type of model best fits the given situation: the value of a classic car is presently $50,000 and is increasing in

value by 5% per year.
Business
1 answer:
jok3333 [9.3K]1 year ago
4 0

The model that best fits the given situation is exponential  

<h3>what is an Exponential Function?</h3>

Exponential function, in mathematics a relationship of the form y = a^{x}, where the independent variable x extends over the entire real number line as an exponent of a positive number a. The most important exponential function is y = e^{x}.    

Here,

The value of a classic car = $50,000

It is increasing in value by 5% per year.

So, here we have a = 50,000 and x = 5%

The function is increasing.

b = 1+5%

b = 1+0.05 = 1.05

Hence, the function that describes this situation is given by:

f(x)=50000(1.05)^{x}

To learn more about Exponential Function from the given link

brainly.com/question/10750625

#SPJ4

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A bank has $8,000 in deposits and $6,000 in loans. it has loaned out all it can given the reserve requirement. it follows that t
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<span>The reserve requirement, which is also referred to as the cash reserve ratio, is 25 percent. This is calculated by subtracting the $6,000 loaned out from the bank's $8,000 in deposits, yielding a reserve of $2,000. The reserve requirement is calculated by dividing $2,000 by $8,000.</span>
4 0
3 years ago
As an important control for the occurrence assertion related to sales, the computer starts with the population of daily sales in
7nadin3 [17]

Answer:

A. bill of lading

Explanation:

The bill of lading is the document that supports the sales invoice as the bil of lading contains the details regarding the shipment and the confirmation with respect to the delivery

So as per the given situation since it is mentioned in the question that for shipping documents the sales invoice should be supported by the bill of lading

hence, the same is to be considered

8 0
2 years ago
You have been hired as a consultant to Freedom Inc. a consumer-focused financial institution intending to enter the Ghanaian mar
MrMuchimi

Answer:

firstly; the area to start with. find out more about the place. Their income and the rate at which goods are sold there.

5 0
2 years ago
d. Suppose that the increase in input price does not occur but, instead, that productivity increases by 25% percent. What would
worty [1.4K]

Answer:

decreased by 20%

Explanation:

Supposed we have input price of $30,000 and it produced an output of 300 units on the first year of operation. The cost per unit on the first year is $100 each ($30,000/300).

On the second year we still have the same input expense of $30,000 but the productivity output increased by 25%. So we have 375 units produced on the second year’s operation. The new cost per unit would be $30,000/375=$80 per unit.

Therefore we conclude that based on the example given, the new unit cost per product decreases by 20%.

$100-80 = $20

$20/$100 = 20%

4 0
3 years ago
Current assets are those assets that can be converted into cash within:
alukav5142 [94]

Answer:

B. One year or the operating cycle, whichever is longer.

Explanation:

Current Assets are assets that can be converted into cash within a year or an operating cycle whichever is longer.

Current Assets are presented first on a balance sheet and arranged in order of liquidity.

Examples of current assets are cash ,

cash equivalents , short-term investments, accounts receivable and stock inventory.

I hope my answer helps you

4 0
3 years ago
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