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kobusy [5.1K]
3 years ago
8

If the government introduced a guaranteed price floor of $40 and agreed to purchase surplus output, then the government's total

support payments to producers would be
Business
1 answer:
vovikov84 [41]3 years ago
8 0
If the government agreed to purchase the surplus output and introduced a guaranteed price floor of $40, then most likely the government <span>'s total support payments to producers would be $4000 per week. We have a 180 quantity demanded and we have 280 quantity supplied, we will get the surplus by subtracting the supply by demand. So, 280 - 180 = 100 x price of 40 = 4000.</span>
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Transent Foods announced that its current sales are $1,233,450 this year. The company forecasts a growth rate of 16 percent for
hodyreva [135]

Answer:

Approximately 6 years

Explanation:

Use Future value formula to calculate the period:

FV = Target Earning = $3 million

PV = Current Sales = $1,233,450

g = growth of sales = 16%

n = number of years = ?

FV = PV ( 1 + g )^n

$3,000,000 = $1,233,450 x ( 1 + 16% )^n

$3,000,000 / $1,233,450 = ( 1 + 0.16 )^n

2.4322 = 1.06^n

log 2.4322 = log 1.16^n

n = log 2.4322 / log 1.16

n = 5.99

n = 6 years  (Rounded off to nearest whole year)

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3 years ago
University Car Wash built a deluxe car wash across the street from campus. The new machines cost $213,000 including installation
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Answer:

The depreciation schedule for six years is attached below.

Explanation:

8 0
3 years ago
What is the annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges? Assume
Mamont248 [21]

The annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges is $9. Read below about the analysis of the annual opportunity cost of a checking

<h3>What is the annual opportunity cost of a checking account that requires a $300 minimum balance to avoid service charges?</h3>

The calculation goes thus;

Annual opportunity cost = Minimum balance × Interest rate

= $300 × 0.03

= $9

Therefore, the correct answer is as given above

learn more about annual opportunity cost: brainly.com/question/17204577

#SPJ1

7 0
2 years ago
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Answer:

D) economic.

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Factors ranging from interest rate, employment, inflation rate, government fiscal and monetary policy are generally known to make up these factors been talked about.

5 0
3 years ago
Lily's apparel, a renowned apparel store, focuses on gen y customers and provides them with a customized clothing experience. th
lara [203]
 lily's apparel has defined its target market by : <span>Psychographic characteristics
A psychograhic characteristic is a way to define a target market by finding similar attitudes, lifestyle , or value.
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