Answer: I must invest <u>$68,163.04</u> today to buy a Ferrari 10 years from now.
We can interpret the data in the question as follows.
We need $185000 after 10 years, so this is the Future Value of an investment made today. We have to calculate the amount to be invested.
We need to use the Present Value formula in order to find the amount to be invested.
The formula is :
Substituting the values we get,
Answer:
a. Realized gross profit of $100,000.
Explanation:
In 2013, Rigsby Sales Co would realize:
Gross profit percentage = ($4,500,000 - $3,600,000) /4,500,000
Gross profit percentage = 0.20
Gross profit percentage = 20%
Gross profit to be realized is
Gross profit = Installment received * Percentage of gross profit
Gross profit = $500,000*20%
Gross profit = $100,000
High
unemployment especially unemployment as the result of layoffs, can be
devastating for individuals and business. All of the following are effects of high unemployment except for " a loose money supply policy<span> "</span>
>A high unemployment rate can impede a country from progressing in all aspects.
>Monetary policy is defined as the management of a nation's money supply by the government or central bank.It happens when the money supply is expanded and is easily accessible to citizens to encourage economic growth.
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Read more: http://www.businessdictionary.com/definition/loose-monetary-policy.html#ixzz48jU6jgpo</span>
Complete Question:
Developing the ability to solve problems can help you.
The first step you should take is to
________ the problem and then solve it.
Group of answer choices
a. advance in your career.
b. create.
c. become more ethics.
d. identify.
e. change your values.
f. ignore
Answer:
d. identify
Explanation:
The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.
The steps involved in the problem-solving process are;
1. Identify and define the problem: this is the first step to be taken in solving a problem. This is to ensure that, the focus is on the main issue or situation and all efforts is channeled in the right direction rather than the symptoms.
2. Gathering of information: this helps to consider the options available in solving a problem effectively.
3. Consider your options: this helps to compare the available and viable solutions to the problem.
4. Weigh disadvantages and evaluate a solution: you weigh the disadvantages of each solution, before choosing the one with the least disadvantages.
<em>Hence, the first step you should take is to identify the problem and then solve it.</em>
