Given Information:
Current cost of money = r = 0.011% per day
Period = n = 365 days
Required Information:
Discount rate = ?
Answer:
Discount rate = 4.096%
Explanation:
The required annual discount rate to discount the annual fee is given by
Where r is the current cost of money and n is the period in days
Current cost of money = r = 0.011/100 = 0.00011
Therefore, 4.096% is the required annual discount rate to discount the annual fee of $27,500.
Answer:
Non profit organization
Explanation:
Non profit organizations do not cost anything and generally help the public in some way.
Answer:
$6 per bushel
3 thousand bushels
Explanation:
The equilibrium price is the price for which the quantities demanded and supplied are the same, regardless of the price floor.
The equilibrium quantity is given by:
The equilibrium price is:
At market equilibrium, the price is $6 per bushel, and the equilibrium quantity is 3 thousand bushels.
Answer:
True
Explanation:
Taxes paid are NOT directly related to any specific benefit received by the taxpayer.