The kings name is King Stefan
Population - 50,000
Employed - 45,000
Students not looking for work - 1,000
To calculate Boone's unemployment rate you'll use the formula:
Unemployment rate = number of people unemployed / labor force
Those that fall into the unemployment category are those that are not working but are actively looking/wanting to work. Students, stay-at-home moms etc that are not wanting to work, though unemployed, to not fall into this category.
The labor force is made up of everyone willing and able to work.
First, let's subtract the students who are not looking for work from the population so get the labor force. 50,000 - 1,000 = 49,000 (labor force)
Next, to get the number of people unemployed let us subtract the labor force of 49,000 by those already employed of 45,000. 49,000 - 45,000 = 4,000
Finally, we are able to calculate the unemployment rate of Boone.
Unemployment rate = number of people unemployed / labor force
Unemployment rate = 4,000/49,000= .081 multiply by 100 to get the percentage. 8.1%
Unemployment rate of Boone is 8.1%
Answer:
It will be willing to pay up to $297,853.46
Explanation:
First, we calculate present value of the cash saving
C 45000
time 8
rate 0.05
PV $290,844.57
Then, the present Value of the salvage value
Maturity 7.50 %
time 8.00
rate 0.05
PV 5.08 %
This is calculate as a percent, because we are not given with a cash value.
Last, the 12,000 major overhaul
Maturity -12,000.00
time 8.00
rate 0.05
PV -8,122.07
This PV is negative as it is a cash out-flow
Lastly, we add them all:
290,844.57 + 0.0508PV - 8,122.07 = PV
<u>And solve for PV</u>
290,844.57 - 8,122.07 = PV - 0.0508PV
282,722.5 = 0.9492PV
282,722.5/0.9492 = PV
PV = 297,853.455541 = 297,853.46
Answer: 8 hours
Using only three activity time estimations, the expected time for this job can be estimated using a mean or a median. If we use the mean, we add 3 estimates ((6,8 and (16+8)) and divide the sum by 3 (equals 13). If we use the median, expected time is 8 hours. In this case, where have extreme estimates, it is better to use the median, the number halfway in to the set which is 8.
<span>Learning effect is the hypothesis that instruction increments with efficiency and results in higher wages. The reason behind why normal wages don't increment generously over the most recent 20 years is the rivalry from foreign organizations has diminished for low-skilled workers.</span>
