The correct answer is that is will take 14 years for the savings account to double in value.
The rule of 70 is the concept that an investment will double in value in the amount of time that you get when you divide 70 by the annual interest rate. In this case you divide 70 by 5, which equals 14. Therefore, according to the rule of 70, it will take 14 years for this money to double in value.
Answer:
$330,846
Explanation:
The computation of the the revised break even point in dollars is shown below:
= (Fixed cost ) ÷ (Profit volume ratio)
where,
Fixed cost = $163,200 + $8,840
= $
172,040
And the profit volume ratio would be
= (Contribution margin) ÷ (Sales) × 100
where Contribution margin equal to
= Selling price per unit - variable cost per unit
= $70 - $28 + $5.60
= $36.4
So, the profit volume ratio is
= ($36.40) ÷ ($70)
= 52%
So, the revised break point in dollars is
= ($172,040) ÷ (52%)
= $330,846
A) increase the efficiency of gift-giving because they allow the recipient to consume goods that provide greater utility and transfer away those goods that are less satisfying.
Utility is the satisfaction that a consumer gets from a good or service, and picking the items that they want themselves provides the best efficiency of choosing goods.
Dress code/ appearance = a
Online behavior = b
Drug-free policy = c
Internet use = d
Answer:
Gross Domestic Products (GDP) is a measure of the total market value of all finished goods and services made within a country during a specific period.
Explanation:
GDP is an acronym for Gross Domestic Products (GDP) and it can be defined as a measure of the total market value of all finished goods and services made within a country during a specific period.
Simply stated, GDP is a measure of the total income of all individuals in an economy and the total expenses incurred on the economy's output of goods and services in a particular country.
On a related note, Gross Domestic Products (GDP) is a measure of the production levels of any nation.
Basically, the four (4) major expenditure categories of GDP are;
I. Consumption (C).
II. Investment (I).
III. Government purchases (G).
IV. Net exports (N).
In conclusion, GDP is a measure of the total amount of finished goods and services produced by a country.
