Answer:
Amount after 7 years will be equal to $914.615
Explanation:
We have given initial investment P = $650
It is given it is compounded annually with rate 5%
So rate of interest r = 5%
Time period is given n = 7 years
We have to find the amount after 7 years
Future value is given by , here A is future value P is initial investment r is rate of interest and n is time period
So
So the amount after 7 years will be $914.615
Answer: Revamped product
Explanation:
Borneo Inc has revamped their products, to enable them change it from the previous glass jar package to vacuum packed cartons and also to make their coffee more granular.
Revamping a product involves rebranding a product, to enable a producer add some desirable features to that product.
Answer:
Explanation:
I would love to help but the question makes no sense...
Answer:
The correct answer is letter "E": The marginal benefit of sleeping 10 more minutes is greater than the marginal benefit of 10 more minutes of work.
Explanation:
Marginal Benefit is an economic term that describes the maximum amount a consumer is willing to pay for an additional unit of a good or service. Typically, the marginal benefit decreases as long as the person consumes more of that good or service. The price-benefit relationship is inversely proportional.
In the example, the marginal benefit of sleeping 10 minutes more must be greater than the marginal benefit of working 10 more minutes if economists choose to sleep a little bit more.
Answer:
$7,826
Explanation:
The computation of net operating profit after tax is shown below:-
Net operating profit after tax = Net operating profit before tax - Tax expense on operating profit
= $12,124 - ($4,001 + $803 × 37%)
= $12,124 - $4,298
= $7,826
Therefore for computing the net operating profit after tax we simply applied the above formula.