Answer:
The annual payment at the end of each year: $4,572.23
Explanation:
The formular for calculating Present value of Annuity is applied in this case to help us find the equal annual payment.
Applying information in the question, we have the annuity that have:
n= 10 as there are 10 equal annual payments paid at the end of each year during 10 years;
i = 8.5% per annum compounded annually, as stated in the question;
PV = Borrowed amount = $30,000;
C = the equal annual payment.
The formular for PV of Annuity: PV = (C/i) x [ 1- (1+i)^(-n)] <=> C = (PV x i) / [ 1- (1+i)^(-n)]
Thus, C = (30,000 x 8.5%) / [ 1- 1.085^(-10) ] = $4,572.23
Answer:
first-mover advantage
Explanation:
First-mover advantage refers to the strategic advantage achieved by the first company that occupies a market segment. In order for a company to gain first-mover advantage it must be the first company to enter a market or at least be the first company to gain competitive advantage in that market.
Unidice is the first company to gain competitive advantage in the data system market because its processing speed is much higher than its competitors.
Sometimes you don't need to be the first one to enter a market, but you need to be the first one to do things right. For example, Microsoft introduced the Surface tablet almost a decade before Apple introduced the iPad, but Apple did it right, therefore Apple gained first mover advantage.
Answer:
Left
Explanation:
Complement goods are goods that are used together. If the price of one good goes up, consumers would demand less of the other good.
If the price of club membership increases, the demand for club membership would fall. Since membership has fallen ,there won't be need to purchase golf clubs as they are complements, so the demand for golf clubs would fall and the demand curve for golf clubs would shift to the left.
I hope my answer helps you
Answer:
20 cents
Explanation:
The marginal cost refers to the cost of an extra unit. In this case, if she decides to purchase two tacos and a medium drink, she would spend $2.30. The difference between this option and the value meal, that contains three tacos and a medium drink, is 20 cents. The marginal cost of purchasing the third taco if she takes the second option would be 20 cents. If she decides to buy the tacos and the drink for apart, the marginal cost or extra unit cost would be 75 cents.
