Answer:
a) true
Explanation:
Support Function include Information Technology, Human Resources, Finance and Marketing. These are there to ensure that conversion process is efficient by providing support services such as sourcing of talent, fund management, communication.
1) Mixed economies are a mix of Command (regulated by the government) and free (Market) economy - the answer is b)
2)Today most countries have a mixed economy, there are few (such as North Korea) which have a command economy, but none have a true free market (for example drugs are regulated)
3)Inflation means that one needs more money to buy the same goods - this is measured by a rising Consumer Prize index (answer d)
4) this indicator would be a steady, but low inflation - but inflation is bad for the economy but lack of inflation is not really stable
Answer:
85.43 months
Explanation:
Purchase = $23,200
Payment per month = $445
Interest rate = 1.26%
Therefore the solution is:
$23,200 = $445[(1 − 1/1.0126^t) / .0126]
t = 85.43 months
Compound interest is the idea that interest is earned on top of interest from that point forward by adding accumulated interest back to the principal amount. Here, a month's worth of compound interest is calculated (time period). As a result, the time period is 12 times, and the interest rate is divided by 12.
The scenario states that the computation of the provided data is as follows:
The current value is $4000.
Rate = 7%
Monthly compound rate equals 10% times 12.
Duration = 2 x 12 = 84
So, using a financial calculator, we can estimate the value in the future.
FV = $4,884.56
Principal multiplied by one plus the interest rate divided by the number of periods, raised to the power of the number of periods, and that whole subtracted from the principal amount to yield the interest amount, is how monthly compounding is calculated.
To know more about Compound interest, click here:-
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Answer:
$1,625,000
Explanation:
For computing the purchase amount first we have to determine the cost of goods sold which is shown below;
As we know that
Cost of goods sold = Sales revenue - gross profit
= $2,100,000 - $2,100,000 × 25%
= $2,100,000 - $525,000
= $1,575,000
Now the purchase amount is
Cost of goods sold = Beginning inventory + purchase - ending inventory
$1,575,000 = $310,000 + purchase - $360,000
So, the purchase amount is $1,625,000
