Answer:
12.93%
Explanation:
Given that the amount of 300 is invested for 3 years, while the amount of 100 is invested for 2 years and 100 is invested for 1 year.
also amount accumulated in three years = 800
Applying the formula to find the future value we get
300(1+r)^3 + 200(1+r)^2 + 100(1+r) = 800
which can be further simplified to
300r^3+1100r^2+1400r+600=800
where, r is the effective rate of interest which we have to find out
The above equation is cubic in r, so to solve this we can use equation solver. When we put this equation in equation solver we get
r = 0.12926
r ≅ 0.1293
Therefore, effective rate of interest = 12.93%
Answer: West Mudville should specialize in, and export, baseball bats.
Explanation:
Each country should specialize in the good that it has a lower opportunity cost in producing.
West Mudville
Opportunity cost of producing baseball bats = 9/9 = 1 baseball
Opportunity cost of producing baseball = 9/9 = 1 baseball bat
East Mudville
Opportunity cost of producing baseball bats = 8/4 = 2 baseballs
Opportunity cost of producing baseball = 4/8 = 0.5 baseball bats
From the above, West Mudville has a lower opportunity cost than East Mudville in the production of baseball bats and so it should specialize in and export that.
Answer:
The correct option is A,$ 22,687,200
Explanation:
The year end balance of the equity investment of Champaign Corporation at year end is the initial price paid for the investment plus share of net income in the year less Champaign Corporation's share of cash dividends paid in the year as shown below:
Initial cost of investment $21,600,000
share of net income($2,960,000*45%) $ 1,332,000
Less:share of dividends($544,000*45%) ($244,800)
Year end balance of equity investment $ 22,687,200
The correct option is A.
It is important to note that dividends were deducted because it is more ike a cash out from the investment
Answer:
Objective
Explanation:
The reason is that the achievement of the set objectives and goals are the basis for appraisal of different persons and departments. It is a means of assessing the performance of the sales team by Tanya that shows how favourable and adverse the performance of the sales team member is.
