At the equilibrium wage, how many workers are employed?

homas is planning to start his own business in 10 years, at which time he will buy all the equipment and land needed. Currently

aalyn [17]

Answer:

FV $4,594,590

Explanation:

The annuity which produce funds will start on the seventh year thereofre there will be 4 annual deposits at the beginning of each year.

We solve for the future value of an annuity-due of 4 year at 10% interest rate:

$C \times \frac{(1+r)^{time} -1}{rate}(1+r) = FV\\$

C 900,000.00

time 4

rate 0.1

$900000 \times \frac{(1+0.1)^{4} -1}{0.1}(1+0.1) = FV\\$

FV $4,594,590

This is the amount accumualted at the end of the tenth year

6 0

4 years ago

Which of the following is a retirement plan offered by banks and investment companies in which an individual can deposit money t

Makovka662 [10]

Roth IRA would be the answer.

6 0

3 years ago

Read 2 more answers

Green Roof Inns is preparing a bond offering with a 6 percent, semiannual coupon and a face value of $1,000. The bonds will be r

belka [17]

Green Roof Inns is preparing a bond offering with a 6 percent, semiannual coupon and a face value of $1,000. The bonds will be repaid in 10 years and will be sold at par.-The correct statement is -The bonds will sell at a premium if the market rate is 5.5

Explanation:

The important point to be noted from the given question is that the bond is offered when the market rate is 6 percent.

So ,the bonds are said to selling at premium since the market rate has reduced from 6% to 5.5%

In this case it is right to say that -Green Roof Inns is preparing a bond offering with a 6 percent, semiannual coupon and a face value of $1,000. The bonds will be repaid in 10 years and will be sold at par.-The correct statement is -The bonds will sell at a premium if the market rate is 5.5

4 0

3 years ago

Cincinnati t-shirts prints custom t-shirts. The cost to produce one shirt is: direct materials, $10; direct labor, $1.20; and ma

egoroff_w [7]

Answer:

Effect on income= $140 decrease

Explanation:

Giving the following formula:

Production costs:

Direct material= 10

Direct labor= 1.2

Variable overhead= $1.5

Selling price= $12

Number of units= 200

Because it is a special offer and there is unused capacity, we will not take into account the fixed costs.

Effect on income= Units sold*unitary contribution margin

Effect on income= 200*(12 - 10 - 1.2 - 1.5)

Effect on income= $140 decrease

5 0

3 years ago

Factors that can effect prices could include advances in technology, changes in prices of raw materials or new government taxes.

lisov135 [29]

It is true that factors that can affect prices could include advances in technology, changes in prices of raw materials or new government taxes.

6 0

3 years ago