Answer:
$1,296
Explanation:
To get the total amount he earned, we calculate the simple interest the first and compound interest on the second investment
For the first;
I = PRT/100
Where I = the simple interest
P is the amount invested called the principal
R is the yield percentage called the rate
T is time frame of investment
For the first investment:
I = (8,000 * 6 * 1)/100 = $480
For the second investment
A = P(1 + R/n)^nt
A is amount
P is principal
R is rate
n is number of times, 2 in this case since it is semi annually
t is time, 1 year in this case
A = 10,000(1 + 0.08/2)^2
A= $10,816
Interest here is A - P
The interest earned is thus 10,816 - 10,000 = $816
Total amount of interest earned is thus $816 + $480 = $1,296
Incomplete question. Assumed you are referring to this article;
Six years after turning the leadership of Costco Wholesale over to the then- president, Craig Jelinek, Jim Sinegal, Costco’s co-founder and chief executive officer (CEO) from 1983 until year-end 2011, had ample reason to be pleased with the company’s ongoing revenue growth and competitive standing as one of the world’s biggest and best consumer goods merchandisers. Sinegal had been the driving force behind Costco’s 35-year evolution from a startup entrepreneurial venture into the largest retailer in the United States, the seventh-largest retailer in the world, and the undisputed leader of the discounted warehouse and wholesale club segment of the North America retailing industry. Since January 2012, when Craig Jelinek took reins as Costco Wholesale’s president and CEO, the company had prospered growing from annual revenue of $89 billion and 598 membership warehouse at year-end fiscal 2011 to annual revenues of $126.2 billion and 741 membership warehouse at year-end fiscal 2017. Costco’s growth continued in the first nine months of fiscal 2018. 9-month revenue was $95.0 billion, up 12.0 percent over 9 months of fiscal 2017, and the company had opened four additional warehouses. As of June 2018, Costco ranked as the second-largest retailer in both the United States and the world.
<u>Explanation:</u>
Note, the threat arising from new competitors into a particular market refers to the likelihood that this company or business would overtake existing ones in their market share.
However, <em>recall </em>that we are told that Costco has been in the business for up to 35 years, and has become "the undisputed leader of the discounted warehouse and wholesale club segment of the North America retailing industry," this fact alone makes us and the new competitors weary of how difficult to acquire part of the market. This thus puts Costco at a competitive advantage.
Answer: Yaddof Adjusted Cash Balance is $3,290
Explanation: Bank reconciliation of Yaddof Company as at 30th June
Balance per Bank $3,600
Less:Outstanding Checks ($680)
Add: Deposit in transit $500
Less: Credit Memo for Interest ($150)
Add: Bank Service Charge $20
Adjusted Cash Balance $3,290
Answer:
The student must purchase the number of items in which the price exceeds the ability of the student to pay.
<em>The number of bags he will purchase at the price of $4, is 2, because the willingness to purchase is $4.
</em>
The solution is therefore 2 sachets of jelly beans.
Whenever the student eats 2 bags of jelly beans at $4, the consumer surplus is determined as follows;
<em>Consumer Surplus</em>
<em>= ($5-$4) + ($4-$4)</em>
<em>= $1.</em>
Answer:
(d)cannot tell without more information.
Explanation:
Autarkic economy is a self reliant economy, consuming entirely from its own production.
An autarkic economy maximises its utility when : Its PPF & Social Indifference Curve are tangent to each other.
- PPF is sort of a budget constraint to economy, because it denotes maximum production potential with given resources & technology.
- Social Indifference Curve is the curve denoting product combinations yielding same level of social satisfaction.
Their tangency gives utility maximising point with the available resources & technology.
Other options are inapt because: Production on PPF is a necessary but not sufficient condition for social utility maximisation (tangency also needed). Production under PPF reflects under utilisation of resources, cant be utility maximising. Production above PPF is unattainable.
