Answer:
inflation rate = 4.66%
Explanation:
we can determine the inflation rate using the future value formula:
future value = present value x (1 + i)ⁿ
- future value = $68.69
- present value = $10.61
- n = 41 years
- i = inflation rate ?
$68.69 = $10.61 x (1 + i)⁴¹
(1 + i)⁴¹ = $68.69 / $10.61 = 6.474081056
⁴¹√(1 + i)⁴¹ = ⁴¹√6.474081056
1 + i = 1.0466
i = 1.0466 - 1 = 0.0466 = 4.66%
Answer:
The correct answer is E
Explanation:
Assets is the one, which is any kind of resourced owned by the business and could be used in future for the benefit of the business. So, in this case, the balance sheet, states that the estimated total assets are more than the total equity and the liabilities, which represent that the company or the business is in good state that the liabilities of the company are paid off and the equity is also balanced, the company is still in good situations as have the total assets.
Answer:
<h2>Mission Statement</h2>
Explanation:
A brief description of a company's purpose is called mission statement, it tells about the company's purpose for the public and employees. It varies from company to company as because every company describes it differently.
A mission statement is important as it serves as a base line for everyone in the organisation. It serves as the basis for effective business planning. Mission statements are used in marketing as they are a company's public face. Companies also include them on their websites. A good mission statement can inspire, surprise and transform your business
Answer:
$100
Explanation:
A binding price ceiling will artificially set a maximum price for a product, but that doesn't mean that the supplier will be willing to supply goods at that price. Binding price ceilings result in shortages, since the quantity demanded increases, while the quantity demanded decreases. This results in a loss of economic benefit known as deadweight loss.
As seen in the attached graph, the deadweight loss is equal to the area beneath the demand curve and above the supply curve, to the left of the equilibrium price.
