1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Molodets [167]
3 years ago
14

In​ 1885, first-class postage for a​ one-ounce letter cost​ $0.02. The same postage in 2015 costs​ $0.49. What compounded annual

increase in the cost of​ first-class postage has been experienced over this period of​ time?
Business
1 answer:
geniusboy [140]3 years ago
6 0

Answer:

2.49%

Explanation:

The period 't' between 2015 and 1885 is:

t = 2015 -1885 = 130\ years

The annual rate 'r' at which the original $0.02 value has been compounded over 130 years to reach a value of $0.49 is determined by:

0.49 = 0.02*(1+r)^{130}\\r=\sqrt[130]{24.5}-1\\ r=0.0249 = 2.49\%

The cost of​ first-class postage has experienced an annual increase of 2.49% over this period.

You might be interested in
Read this line from the text: His action was alternately vivacious and sullen. Pay close attention to the words in this sentence
Mars2501 [29]

Answer:

ill tempered

Explanation:

The author in the given is trying to convey that the behavior or the dealing of the individual was either hot tempered or disrespectful. The use of "vivacious" after alternately gives an example of dark or dull. However, the use of the word "sullen" represent Ill tempered and resentful. This clearly goes on to show that the actions of the said individual were ill tempered and dull in there nature.  

7 0
3 years ago
Miles is three years old and his grandparents have given him money to spend at the toy store as a birthday present. Miles' numbe
KATRIN_1 [288]

Answer:

The correct answer is Fire trucks.

Explanation:

According to the scenario, the given data are as follows:

1. Building blocks buy = $50

Increase in units = 100 units

2. Fire trucks buy = $20

Increase in units = 80 units

( which means in $50 Fire trucks can be bought 2.5× existing units)

So, In $50 Fire trucks increase in unit = 80 units × 2.5 = 200 units

3. Trains buy = $5

Increase in units = 15

( which means in $50 Trains can be bought 10× existing units)

So, In $50 Trains increase in unit = 15 units × 10 = 150 units

Hence, Fire trucks will give the maximum utility.

7 0
3 years ago
The _________ is the rate of return a firm must earn on its investments in projects in order to
Vadim26 [7]

Answer:

olbs

Explanation:

5 0
3 years ago
A manufacturing company prepays its insurance coverage for a three-year period. The premium for the three years is $4,680 and is
tamaranim1 [39]

Answer:

Product cost=  $1248

Period Cost=  $312

Explanation:

Giving the following information:

The insurance coverage premium for the three years is $4,680.

Eighty percent of the premium applies to manufacturing operations and twenty percent applies to selling and administrative activities.

Total period:

Product cost= 0.80*4680= $3744

Period Cost= 0.20*4680= $936

For the first year:

Product cost= $3744/3= $1248

Period Cost= $936/3= $312

7 0
3 years ago
You are considering 2 investment alternatives. The first is a stock that pays quarterly dividends of $0.25 per share and is trad
Akimi4 [234]

Answer:

Option 1

Explanation:

The computation is shown below:

For option 1

Dividend received in 6 month is

= $0.25 × 2

= $0.50

Now  

Profit from the sale of stock is

= sale price - purchase price

= $24 - $20 i

= $4

So,

Net proceed received from stock is

= dividend + profit from the sale

= $0.50 + $4

= $4.50

Now

Holding period return for 6 months is

= (Net proceed received ÷ purchase price) ×100

= ($4.50 ÷ $20) × 100

= 22.5 %

So,  

Annualized holding period return is

= 22.5% × 2

= 45%

For  Option 2

Dividend received in 1 year is

= $0.50 × 4

= $2

Profit from sale of stock is

= $30 - $27

= $3

Net proceeds from stock is

= $2 + $3

= $5

So,

Annualized holding period return is

= ($5 ÷ $27) × 100

= 18.52%.

As we can see that option 1 contains higher return so it would be selected

3 0
3 years ago
Other questions:
  • Karen is a home care aid. she earns about $10.00 an hour and works 40 hours a week. she is unable to save, and last month her ca
    8·1 answer
  • La Femme Accessories Inc. produces women's handbags. The cost of producing 800 handbags is as follows: Direct materials$18,000 D
    15·1 answer
  • An investor owns shares of Stock A and Stock B. The investor owns a total of 200 shares with a total value of $4000. How many sh
    7·2 answers
  • Jordan loaned Taylor $1,200 on March 15, 2009. Taylor returned $1,260 on March 14, 2010. Inflation was 2% over the 1-year period
    5·1 answer
  • Tech Animatronics, an animation company, incurs heavy losses due to high competition. In a survey, most of the employees reveal
    14·1 answer
  • The Thompsons decided to beautify their home by investing in landscaping. In the process, they dealt with employees from various
    8·1 answer
  • A Excite Enterprises, a corporation of amusement parks, uses an accounting firm to handle the payroll and tax functions for the
    12·1 answer
  • Which component of a service is the ability to perform the service dependably, accurately, and consistently?
    8·1 answer
  • "In evaluating a recently implemented positioning strategy, a company s marketing department notes that since the strategy was p
    13·1 answer
  • A product priced at $5 has annual sales of 1,000 units. When price is reduced to $4, quantity increases to 1,250 units. Other th
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!