Answer:
$937.59
Explanation:
In this question, we use the PV formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Future value = $1,000
PMT = 1,000 × 5.76% ÷ 2 = $28.80
NPER = 21 years × 2 = 42 years
Rate of interest = 6.3% ÷ 2 = 3.15%
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the present value would be $937.59
Answer: Option (b) is correct.
Explanation:
According to the theory of comparative advantage, a country has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodity is lower in that country as compared to the other country.
Hence, a country exports the commodity in which it has a comparative advantage and imports the commodity in which it has a comparative disadvantage because the opportunity cost of producing these commodities is higher than the other country.
Answer:
It shows a increment of 19.84% in net sales revenue.
Explanation:
In the horizontal analysis, the changes in the items of the financial statement should be recorded that would be proportionate to the sales amount.
The computation is shown below:
= (Difference in sales for two years ÷ last year sales) × 100
= ($100,000 ÷ $504,000) × 100
= 19.84%
Th difference of sales in two years is computed by
= Net Sales in 2017 - Net sales in 2016
= $604,000 - $504,000
= $100,000
It shows a increment of 19.84% in net sales revenue.