Answer:
contest sponsors have to deposit $6795163.17 in the escrow account
Explanation:
given data
amount = $10 million
time = 20 year
rate = 4 %
to find out
how much do the contest sponsors have to deposit in the escrow account
solution
we know Cash flow per period = 10000000/20 = $500000
we will apply here future value formula to find amount
future value = cash flow ×
here r is rate and t is time
put here value
future value = 500000 ×
future value = 6795163.1724
so contest sponsors have to deposit $6795163.17 in the escrow account
To calculate the cross elasticity of demand you divide the percent change in quantity by the percent change in price.
5/3 = 1.666
It is <u>false </u>that a person assumes all risks associated with any activity in which he or she participates. This is not true because one person cannot bear all these risks, especially if there are multiple people involved. They should all face the risks and the consequences of their actions - it shouldn't be just one person, but also the people who are organizing that activity as well as the other participants.
<u>Answer: </u>Option A
<u>Explanation:</u>
Jane has an absolute advantage than Bob. Absolute advantage than Bob as she can produce one pair of shoes additionally in the same given time. Here the absolute advantage is that production is done at a faster rate.
Absolute advantage means in comparison with the competitors one can give better output with same amount of resources allocated. Comparative advantage means the lowest opportunity cost in producing a product. These two concepts are used by countries to decide on which product needs to be produced.
D) By reducing expenses you increase margins which means there is more money available for stockholders