Answer: $13,464.23
Explanation:
Kate is saving a constant amount of $1,410 per year so indeed it is an annuity.
The amount she will have in the account after 8 years is the future value of the annuity after 8 years.
The formula is;
Future Value of Annuity = Annuity * (future value factor of annuity, 8 years, 5%)
= 1,410 * 9.5491
= 13,464.231
= $13,464.23
When making economic decisions, economists make assumptions in order to better understand how consumers' and businesses' behaviour.
To assist explain how an economy works and how to maximise growth, income, and employment, there are numerous economic theories.
However, preferences—that is, what companies and customers like to have or prefer to avoid—are central to many ideas. Additionally, the assumptions frequently concern the resources that are or are not readily available to meet the demands and preferences. The decisions that individuals involved in an economy make are significantly influenced by the availability or scarcity of resources.
Learn the rationale behind economists' assumptions and how they affect economic models.
When making economic decisions, economists make assumptions in order to better understand how consumers' and businesses' or economic behaviour.
Economists They use assumptions in order to build a model that they can control because they are unable to isolate certain factors in the real world.
Learn more about economic behaviour hear :
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<u>Explanation:</u>
The four factors which affect the geographical mobility of labor are as follows:
Educational facilities: When enough facilities are not available for the labor to educate themselves in their location.
Social capital: it refers to the relationship between the people in and around the place with whom the labor network. Some society does not accept outsiders to work along with them.
Language : language is a barrier for the labor to adopt to. Living in an area with unknown language makes life complicated.
Information: Labor do not have any data about the local area where they move to which makes it difficult to live in new area.
Family: The family ties of the labor restricts the labor to move to new location.
Answer:
Predetermined overhead rate
Explanation:
The predetermined overhead rate is the rate that is computed by taking the estimated manufacturing overhead and the same would be divided by allocation factor that could be estimated direct labor, estimated direct hours, etc in order to assign the overhead cost
So according to the given situation, the first option is correct i.e. predetermined overhead rate
The answer for this question would be True! A name for this would be called the Technological Revolution! :)