Facilities....................................................................................................................................................
A purpose of government regulation in a mixed-market economy is to protect A) Property rights
Answer:
Nigeria employs a combination of tariffs and quotas for the double purpose of taxing international trade for revenue generation and protecting local industries from highly competitive imports. The country's tariffs are determined by the ECOWAS 2015 – 2019 Common External Tariff (CET) Book.Sep 14
Explanation:
Answer:
The correct answer is <em>Temporarily low and so supply a smaller quantity of labor</em>.
Explanation:
The inflation index is a variable that takes little to be identified by people. Although the price of products may have volatile movements, a decrease in the first place will lead to "Normal" behavior, which is expected to increase in the future.
In terms of work, it influences negatively because employees will feel little commitment and will be discouraged to see a decrease in their income.
Answer:
a. 5.85 years
b. 17.5%
Explanation:
a. For the computation of payback period first we need to find out the annual cash flow which is shown below:-
Annual Cash Inflow = Sales - Material - Selling and Administrative Expenses - Income Tax
= $75,000 - $40,000 - $7,500 - $7,000
= $20,500
Payback period = Initial investment ÷ Annual cash flow
= $120,000 ÷ $20,500
= 5.85 years
b. The computation of the accounting rate of return is shown below:-
accounting rate of return = Net income ÷ Average investment
= $10,500 ÷ ($120,000 ÷ 2)
= $10,500 ÷ $60,000
= 17.5%
