Answer:
FV = A(<u>(1 + r)</u>n - 1)
r
FV = 1,000(<u>(1+ 0.08</u>)3 - 1
0.08
FV = 1,000 x 3.2464
FV = $3,246.40
The correct answer is B
Explanation:
In this case, there is need to calculate the future value of an ordinary annuity for 3 years at 8% interest rate.
Answer:
The answer is: 74% of its customers carry a credit card the store will accept.
Explanation:
- Let A denote the event a customer carries American Express credit card (24%)
- Let V denote the event a customer carries Visa credit card (61%)
- Let AV denote the event a customer carries both credit cards (11%)
P(A ∪ V) = probability that a customer carries at least one credit card
P(A ∪ V) = P(A) + P(V) − P(AV)
P(A ∪ V) = 0.24 + 0.61 − 0.11 = 0.74
Answer: products are standardized or homogeneous
Explanation:
Products are standardized or homogeneous for the perfectly competitive market as, in the case of the competitive industry there are no barriers in the industry to entry. The products are homogeneous in the nature and there is large numbers of the firms are perfectly substituted in the industry. So, the price elasticity of the demand for the firm product is infinite.
Answer:The answer is Net relevant cost $2per unit
Explanation:
$
Market price per unit. 18
Relevant cost. . 16
------------
Relevant cost per unit. 2
---------------
Therefore the Net relevant cost are $2per unit
Anna's new business looks like it can grow quickly and become profitable in its first year. Anna will likely find possible sources of financing than those with less potential for growth and profits is option (D) many more.
The sources of financing referred to a business gets money from to fund their business operations. A business can gain finance from either internal or external sources of income.
Sources of financing is the main source of funding are retained earnings, debt capital, and equity capital.
Companies use retained earnings from business operations to raise or distribute dividends to their shareholders. Business raise funds by borrowing debt privately from a bank or by going public or share-market.
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