It will take 8.04 years for the initial investment of $15000 to become $30,000
What is the future value of an investment?
The future value of $15,000 invested now earning a rate of return of 9% per year is $30,000, it the future equivalent of an amount invested now when the invested amount has earned interest over a specific period of time.
The below future value formula of single cash flow can be used to determine the number of years it takes for the initial investment to double.
FV=PV*(1+r)^N
FV=future value=$30,000
PV=initial investment=$15,000
r=rate of return=9%
N=number of years it takes for the initial investment to double=unknown(assume it is X)
$30,000=$15000*(1+9%)^N
$30000/$15000=(1+9%)^N
2=1.09^N
take log of both sides
ln(2)=N*ln(1.09)
N=ln(2)/ln(1.09)
N=8.04 years
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Answer:
Forbid combinations in restraint of trade and monopolizing.
Explanation:
The Sherman Antitrust Act of 1890 is mainly aimed at preventing anti competitive agreements and unilateral conduct by a group of businesses aligning with one another. Such alignment results in restraint of trade and monopoly.
This Act enables the Department of Justice to bring charges against violators of antitrust laws and they may face as much as treble damages (three times of the damage caused to other parties).
Artificial raising of price and restriction of supply of products or trade are prohibited under this Act.
The answer is<u> "proof-of-concept prototype".</u>
A proof of concept is a framework structured simply to exhibit the usefulness of a solitary or little arrangement of standards to be coordinated into different frameworks. True ease of use isn't viewed as while making a proof of idea since incorporation with other faulty advancements isn't just tedious, however may weaken the capacity to decide whether the standard idea is practical.
A prototype is a first endeavor at making something that may be true usable. It is assumed that you may misunderstand things all the while, yet finding that out is the standard motivation behind a model. A model will have all (or almost all) of the usefulness of the completed item, however will for the most part not be as proficient, tastefully satisfying, or strong.
Answer:
Esteem needs.
Explanation:
An individual's esteem need according to Maslow is the need for respect, self esteem, status, and self confidence. Everyone wants to be valued and accepted by people, and this is esteem need. Esteem is an internal need but it is influenced by external environment when people validate and approve of a person.
North has just been promoted and along with this status change comes a corner office and a designated parking spot. This shows she is accepted and valued by the organisation.
Answer:
It is more profitable to raise the selling price by $2.
Explanation:
To determine whether the company should raise the selling price, we need to determine the effect on income. <u>The best option is the one with the higher sales revenue.</u>
Sales revenue= selling price * number of units
<u>Current:</u>
Sales revenue= 5.5*2,200= $12,100
<u>Proposal:</u>
Sales revenue= 7.5*1,800= $13,500
It is more profitable to raise the selling price by $2.
