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marysya [2.9K]
3 years ago
5

Online reviews have become increasingly important to consumers’ ability to decide to purchase items ranging from household goods

to media products.
Business
1 answer:
Nesterboy [21]3 years ago
6 0

Answer:

The above statement is TRUE

You might be interested in
What does the invisible hand do
Nitella [24]
The "Invisible Hand" is a phrase that is used to describe the unsocial benefits resulting from individual's actions. It was coined by Adam Smith. It also describes the function and operation of free markets within the economy. The idea is that people, as individuals, and their own self interest, end up doing what is best for the society. They are being guided by an "invisible hand."


Hope that I was able to help! If you have any questions, feel free to ask! :)
5 0
3 years ago
By the end of this year you would be 35 years old and you want to plan for your retirement. You wish to retire at the age of 65
Katen [24]

Answer:

The annual payments are= $10586.40

Explanation:

Giving the following information:

By the end of this year, you would be 35 years old and you want to plan for your retirement.

You wish to retire at the age of 65 and you expect to live 20 years more.  

You wish to have an annual sum of $50,000.

A conservative bond fund has been returning 7% annually.

First, we need to calculate the amount of money needed at 65 years old.

50000*20= $1,000,000

So, we know the final value= 1,000,000; n=30 and the interest rate i=0.07

We need to find the annual payments required to achieve the final value, using the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual payment

Isolating A:

A= (FV*i)/[(1+i)^n-1]

A= (1000000*0.07)/[(1.07^30)-1]

A=$10586.40

5 0
3 years ago
A high-interest savings account pays 5. 5% interest compounded annually. If $300 is deposited initially and again at the first o
Arte-miy333 [17]

For the given question, the summation that represents the money in account is:

\begin{aligned}\sum_{10}^{n=1}316.5(1.055)^{n-1} \end{aligned}

The principal amount if compounded annually, the formula that represents the amount to be received after n years is:

\rm A = P(1 + \dfrac{r}{100})^t where A is the amount received after compounding, P is the principal, r is the rate of interest and t is the tenure.

<h3>Solution:</h3>

Given:

Annual interest rate(r) is 5.5%

Principal is(P) $300

Tenure is(t) 10 years

On substituting the values in the formula \rm A = P(1 + \dfrac{r}{100})^t

The amount received after compounding at the end of 1 year will be:

\rm A = 300(1 + \dfrac{5.5}{100})^1\\&#10;\\&#10;A=300(1.055)\\&#10;\\&#10;A=\$316.5

Similarly, the amount to be received after 2 years will be:

316.5+316.5(1.055)

The amount received after 10 years will be:

316.5+316.5(1.055)+316.5(1.055)^2+.......  upto 10 years

Therefore the summation that represents the money in account after 10 years is:

\begin{aligned}\sum_{10}^{n=1}316.5(1.055)^{n-1} \end{aligned}

Learn more about compound interest here:

brainly.com/question/25857212

5 0
2 years ago
Krimton corporation's manufacturing costs last year consisted of $150,000 of direct materials, $200,000 of direct labor, $40,000
tankabanditka [31]
Prime cost=direct material+direct labor

Direct material 150000
Direct labor 200000

So
Prime cost=150000+200000
Prime cost=350000

Hope it helps!
5 0
4 years ago
Argument or Nonargument
12345 [234]

Answer:

To focus on the performance...the country does poorly.

Explanation:

Argument or Nonargument

To focus on the performance of the stock market is to zero in on an economic indicator that can do well even as the country does poorly. In 2006, for instance, the Dow Jones industrial average hit highs. According to the just released census data, however, median earnings fell one percent, and millions more Americans entered the ranks of the uninsured. Indeed, from 2000 to 2007 the S&P 500 gained more than 500 points. Meanwhile, the median household income fell by more than $900.The conclusion is....

a) According to the just released..ranks of the uninsured.

b) To focus on the performance...the country does poorly.

c) In 2006, for instance, the Dow Jones...hit highs.

d) Meanwhile...fell by more than $900

The key is to focus on the performance...the country does poorly

4 0
3 years ago
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