All economic systems must answer the 3 basic questions:
1. What goods and services will be produced
2. How will the goods and services be produced?
3. Who will consume the goods and services?
The problem could be solved by using the future value (FV) formula: FV = PV × (1 + r)ⁿ, where;
PV = Present value
r = interest rate
n period
So, substituting the formula with the value:
FV = $38,600 × (1 + (.03÷52))⁵²
≈ $39,775.20
Note that the interest is divided by 52 since it has to be compounded weekly.
So, the weekly payment will amount to $764.91 ($39,775.20÷52).
Answer:
D. $3.40
Explanation:
The computation of the predetermined overhead rate is shown below:
Predetermined overhead rate is
= Estimated manufacturing overhead ÷ estimated machine hours
= ($2,000 + $400 + $1,000) ÷ (1,000 machine hours)
= $3,400 ÷ $1,000 machine hours
= $3.40 per hour
The type of market is the one in which a person buys stock in type fast food company is Financial market.
What is Financial market?
Any location or system that gives buyers and sellers thew ability to trade financial assets such as bonds, shares, the various international currencies, and derivatives , is referred to as a financial market.
Why is financial market important?
- Markets provide finance for companies so they can hire, invest and grow.
- They provide money for the government to help it pay for new roads, schools and hospitals.
- They can help lower the costs you face buying food at the super market, taking out a mortgage or saving for your retirement.
Learn more about financial market here:
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Answer:
D. Both are able and willing to supply the good, and have already identified a buyer
