Gross income. they are incomes before taxes or adjustments
Answer:
8.09%
Explanation:
Year Inflation rate 1 + Inflation rate
1 0.03 1.03
2 0.04 1.04
3 x 1+x
Average rate 0.05 0.05
1 + Average rate = [(1+r1)*(1+r2)*(1+r3)]^(1/3)
1.05 = [1.03*1.04*(1*x)]^(1/3)
[1.0712*(1+x)] = (1.05)^3
[1.0712*(1+x)] = 1.157625
1 + x = 1.157625 / 1.0712
1 + x = 1.080681
x = 1.080681 - 1
x = 0.080681
x = 8.09%
Thus, the periodic Inflation rate in year 3 is 8.09%
Four major categories of Primary energy use are:
1. Transportation
2. Industrial Process
3. Commercial and residential use
4. Generation of electrical power
Transportation depends entirely on petroleum, whereas
nuclear power, coal, and water power are limited to the production of
electricity. Electricity is in most commercial and residential use. Industrial processes
use natural gas, oil, and electricity. Some oil, natural gas and biomass are
used for the generation of electricity.
Answer:
D. continuous review system
Explanation:
In the context of manufacturing it seems that the system being described would be a continuous review system. Like mentioned in the question this is a system that automatically adjusts the stock level in real time when a product moves in or out of stock, and automatically triggers an order for more stock as soon as the stock level hits a low quantity point is hit.
Answer:
by calculating the elasticity of demand.
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.
Explanation: