<span>Entrepreneurs are visionaries who can anticipate future consumer demands. An example of an entrepreneur is Marcus Lemonis who has a show on TV called 'The Profit.'</span>
Answer:
Expected profit = $18,000
Explanation:
<em>The expected profit is the weighted average of all the possible profits associated with the different possible outcome weighted according to the probability</em>
Outcome Profit Probability Prob × Profit
Strong 60,000 × 30% = 18,000
Growth 10,000 × 60% = 6,000
Recession (60,000) × 10% = (6000)
Expected profit = 18,000 + 6000 + (6000) = $18,000
Expected profit = $18,000
Answer:
$411235
Explanation:
the amount he will have at the end of the thirtieth year F = P × ( (1+r)^n -1) / r
where P = $ 2500
r = 10% = 0.1
n = 30 years
F = $ 2500 ( ( 1 + 0.1) ³⁰ - 1 ) / 0.1 = $41135
Answer:
Fund balance at December 31th, 2030 $ 1,381,644.80
Explanation:
We should calculate the future value of a 10-years annuity of 100,000 at 7% interest rate:
C 100,000
time 10 years
rate 7% = 7/100 = 0.07
FV $1,381,644.7961
Answer:
Average time per unit is 59.6 hours
Explanation:
As we know as the work is done the learning of the labor force increases and they require less time to produce the next unit. An average time required to produce specific numbers of unit including cumulative effect of the learning curve.
As per given data
Number of units = 30 unit
Ratio of Time to produce second unit = 90 / 100 = 0.9
Accumulated Average time per unit Formula is
y = aX^b
Where
y = Average time per unit = ?
X = Cumulative Numbers of unit = 30
a = Time required to produce first unit = 100 hours
b = factor used to calculate cumulative average time = log (Learning Curve %/ log2) = Log (90/100) / Log2 = -0.152
Place value value in the formula
y = 100 x 30^ -0.152 = 59.6 hours