Answer:
42.45 years
Explanation:
Discounting is the means by which the today's value of an amount in the future is computed. Compounding is the process by which the future value of a present amount is determined. In other words, the present value of $1 tomorrow is determined by discounting while the future value of $1 tomorrow is determined by compounding.
Where
Fv = Pv(1 + r)^n
Fv is the future value
Pv is the present value
r is rate
n is time
215000 = 36000(1 + 0.043)^n
215/36 = 1.043^n
Taking the log of both sides
log (215/36) = log 1.043^n
n = log (215/36) / log 1.043
n = 42.45 years
It will take 42.45 years to have enough to buy the car
Answer:
B. firms will exit the industry
Explanation:
When the firms is producing at the minimum average total cost, the amount of profit margin that they get tend to be high. This means that they can fulfill their target profit even by producing less amount of product.
Even when the demand in the market is decreased, Such firms will most likely accumulated enough profit to survive for a long period of time before they go bankrupt. This is why the firms is very unlikely to exist the industry in a short run.
Explanation:
E-Business is taking a big space in the market. Now we can order anything from the comfort of our home. E-businesses work on strategic alliance among companies.
For example one company will come up with an idea of selling makeup and skincare products online. The other well established makeup brands will collaborate with the online merchant and all the products will be displayed. So there are more than one company working on a same platform.
Call employees at any level in the organisation “partners” and reward empowerment in decision making.
Explanation:
The CEO of a company has the leading role in the management of its operations and the resources, which is the main point of contact between the board of directors (the board) and the corporation, as a large corporate decision-making body.
Executives often believe that workers are empowered by just wanting to do so. The executives say to the workers, "You are empowered." "The decisions can be made. I think success occurs as workers are told I are motivated in a broad-based way.
Answer:
$2,000
Explanation:
The computation of the profit in case of Product B processed further is shown below:
Sales value if processed further $35,000
Less: Sales value at Split-Off $30,000
Incremental revenue $5,000
Less: Additional costs $3,000
Incremental income $2,000
First we have to find out the incremental revenue after that deduct the additional cost so that the incremental income or we can say profit could arrive
