1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ch4aika [34]
3 years ago
6

Penn Station is saving money to build a new loading platform. Two years ago, they set aside $24,000 for this purpose. Today, tha

t account is worth $28,399. What rate of interest is Penn Station earning on this investment?
Business
1 answer:
vekshin13 years ago
4 0

Answer:

0,087792106  = rate

Explanation:

We need to calculate the interest of the investment

principal x (1 + rate)^time = value

replacing with the know values

24,000 x  (1+rate)^2   =  28,399

28,399/24,000      = (1 + rate)^2

sqrt (28,399/24,000)  -1 = rate

now we solve for the unknown value

                0,087792106  = rate

You might be interested in
20. Which of the following is not a difference between monopolies and perfectly competitive markets? a. Monopolies can earn prof
Naily [24]

Answer:

The correct answer is option c.

Explanation:

A perfectly competitive market has a large number of buyers and sellers. The firms are price takers and the price is determined by the market forces. Thus the monopoly firms face a horizontal demand curve. This horizontal line represents price, average revenue, and marginal revenue. The equilibrium is obtained where price, (average revenue and marginal revenue) is equal to marginal cost. There is no restriction on entry and exit of firms in the long run. That's why firms face a break-even in the long run.  

While in a monopoly market there is a single firm. This firm fixes price higher than marginal cost. The demand curve of the monopoly is a downward sloping showing relatively elastic demand. A monopoly firm can earn profits in both the short run as well as the long run.

6 0
3 years ago
Stock in dragula industries has a beta of 1.1. the market risk premium is 7 percent, and t-bills are currently yielding 4.5 perc
antiseptic1488 [7]
Idk i just need points Lol.
8 0
3 years ago
Select the correct answer from each drop-down menu.
LUCKY_DIMON [66]

Answer:

1. Technical improvements cause production costs to decline, which causes supply to increase and prices to decrease.

2. Decreased unemployment causes consumer incomes to increase which causes demand to increase and hence price to increase.

Explanation:

Demand refers to a consumer's desire to purchase a particular good or service at a given time for a specific price. Supply on the other hand, is the willingness of a producer to produce a particular good or service at a given time for specific price.

1. Production cost is a factor that influences supply. For example, cost of labor or raw material cost. When production costs fall, more products can be produced at a lesser cost. Hence'

  1. The supply curve shifts right from S1 to S2.
  2. This causes quantity supplied to increase from QS1 to QS2
  3. And price to fall from P2 to P1. Please refer Diagram 1 in attachment.

2. When unemployment decreases, it means that more people are working in the economy and hence their incomes are also higher. This means there is a higher purchasing power and also higher demand for products. Hence,

  1. The demand curve shifts from D1 to D2.
  2. This causes quantity demanded to increase from QD1 to QD2
  3. And price to increase from P1 to P2.  Please refer Diagram 2 in attachment.

7 0
3 years ago
Pension plan assets were $200 million at the beginning of the year. The return on plan assets was 5%. At the end of the year, re
Nata [24]

Answer:

Pension plan assets at the year end will be $214

Explanation:

Wee have given pension plan assets = $200 million

Return on plan assets = 5%

So return will be equal to = $200×0.05 = $10 million

Cash contribution is given $12 million

Retiree benefits is $8 million

We have to find the amount of pension plan assets at the year end

Pension plan assets is equal to = Plan assets at beginning of the year + actual return - retiree benefits = $200 + $10 +$12 - $8 = $214

So pension plan assets at the year end will be $214

7 0
3 years ago
Assume Metro Corporation had a net income of $ 2,200 for the year ending December 2018. Its beginning and ending total assets we
Aleksandr-060686 [28]

Answer:

The return on assets is 8.4%

Explanation:

In order to calculate the return on assets we will first need to find the average total assets. We will do this by adding the beginning and ending total assets and dividing it by 2.

Average total assets= (31,500+20,500)/2= 26.000

Now in order to find the return on assets we will divide the net income by the average total assets.

Return on assets = 2,200/26,000=0.084=8.4%

7 0
3 years ago
Other questions:
  • Before the approving signature is made on a check the signer should verify that the?
    8·1 answer
  • The accountants at Gamone Phones, a cell phone manufacturing company, discover that the firm has performed poorly over the last
    15·1 answer
  • In the presence of​ shortages, why would a​ firm, such as a restaurant with people waiting for a table or a theater with people
    11·1 answer
  • Status
    15·1 answer
  • ABC Company, which is headquartered in the U.S., has its production plant located in a less- developed country. In this producti
    11·1 answer
  • A company uses CMS (Content Management System) to store and manage public content. The VP of Advertising wants to run marketing
    13·1 answer
  • You have the following rates of return for a risky portfolio for several recent years. Assume that the stock pays no dividends.
    7·1 answer
  • The firm should shut down if the market price is:___________.
    10·1 answer
  • Your company is building a new office site in a different state. You want to show your board members the progress of constructio
    13·1 answer
  • What is another name for interest group?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!