Answer:
6.218%
Explanation:
we can use the present value of an annuity due formula:
present value = annual payment x annuity due factor
- present value = 100
- annual payment = 7
- PV annuity due factor, %, 30 periods = ?
100 = 7 x annuity factor
annuity factor = 100 / 7 = 14.28571429 ≈ 14.286
using an annuity calculator, the interest rate for a PV annuity factor, 30 periods and equal to 14.286 is 6.218%
A person who makes good for the people is called Producer. The people who consumes his goods are called the Consumers.
Suppose there is a bakery in an area who sells fantastic cookies to the people. People who are making the cookies in the bakery are the producers of that product. So consumers may say that this bakery is the producer of best cookies in town.
Answer:
Sunk cost fallacy.
Explanation:
Sunk costs - are costs that have been incurred as a result of past decisions. Now are unrecoverable.
A trap which enables a investor to invest more in the sunken costs to earn profit.
Are cost incurred in the past tha cannot be changed.
Sunk cost fallacy - considering sunk costs when making new decisions at the margin. Can lead to using out of date facilities and incurring large opportunity costs.
Is the continued investment in something no longer desired to reconcile the loss of the initial investment.
Answer: 42056 pounds
Explanation:
The budgeted raw material purchases for May will be:
Budgeted unit sale = 8700
Add: desired ending inventory = 10% × 12600 = 1260
Total needs = 8700 + 1260 = 9960
Less: Beginning inventory = 10% × 8700 = (870)
Production in May = 9960 - 870 = 9090
Pounds for material = 4
Material for production = 9090 × 4 = 36360
Add: Desired ending inventory of raw material = 20240
Total needs = 36360 + 20240 = 56600
Less: Beginning ending inventory of raw material = (14544)
Raw material purchase = 42056
Answer:
Empathy is important because it awakens our senses as designers.
