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andrezito [222]
3 years ago
6

Your mother just received a ​$340 comma 461 inheritance. If she invests her money in a diversified equity portfolio returning 8

percent per​ year, approximately how long will it take her to become a​ millionaire?
Business
1 answer:
Alex17521 [72]3 years ago
5 0

Answer:

time period is 14.17 years

Explanation:

given data

principal P =  ​$340,461

future value FV  = $1000000

rate r = 8%  = 0.08

to find out

time period t

solution

we will apply here future value formula that is

future value = principal × (1+rate)^{t}   ..........................1

put here value and we get

$1000000  = $340,461  × (1+0.08)^{t}  

2.9371 = (1.08)^{t}

take ln both side

ln 2.9371 = t ln(1.08)

1.077 = t × 0.076

t = 14.17

so time period is 14.17 years

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Residents of the town of Smithfield like to consume hams, but each ham requires 10 people to produce it and takes a month. If th
Hunter-Best [27]

Answer:

10 hams

Explanation:

It is given that 10 people can produce 1 ham in a month. It is assumed that whatever is produced is consumed. So, 100 people will produce 10 hams that is 100 ÷ 10 = 10 in a month. So, 100 people can consume 10 hams, that are produced in a month.

So, residents can consume maximum 10 hams (same amount as produced) in a month.

4 0
3 years ago
You are a manager for Herman Millera major manufacturer of office furniture. You recently hired an economist to work with engine
KIM [24]

Answer:

$4000  is the correct answer to the given question .

Explanation:

The marginal cost with compare to the labor can be written as

MC\ = \frac{dQ}{dL} \\MC =\frac{d\ ( 2(K)1/2(L)1/2\ )}{dL} \\\\MC=\frac{\sqrt{K} }{\sqrt{L} }

Here K=9 units  putting this value in the previous equation  we get

MC\ = \frac{\sqrt{9} }{\sqrt{L} }

MC=\frac{3}{\sqrt{L} }

We can find the value of labor by the given formula that are given below

V *MC=\ W\\400\ *\frac{3}{\sqrt{L} }\ =120\\ L=10

From the given question that are mention in question

Q = 2(K)1/2(L)1/2

Putting the value of K and L in the given equation we get

Q\ =2 * \sqrt{9} \ * \sqrt{100} \\Q\ = 60

So profit maximizing output is =$60 chairs as the chairs can be sold for  the $400 each so = $60 * $400 *10=$24000 chairs

As the competitive wage of $120 for 100 units as well as the total of $8,000 on the 9 units of capital equipment

=$20000

Therefore profit-maximizing level of output =$24000-$20000=$4000

6 0
3 years ago
Which situation best Illustrates the effects of inflation
Vitek1552 [10]

Answer:

creo que son 600000 pero no estoy segura busca en otro sitio

8 0
3 years ago
Read 2 more answers
What is the difference between compound and regular interest?
Andreyy89
 will calculated by multiplying the principal amount by one plus the annual interest rate raised to the number of compound periods minus one As opposed to simple interest and Interest is the cost of borrowing money and Conversely compound interest
hope this helps
6 0
4 years ago
uses the high-low method to analyze cost behavior. The company observed that at 20,000 machine hours of activity, total maintena
rewona [7]

Answer:

$90,000

Explanation:

The computation of the fixed cost and the variable cost per hour by using high low method is shown below:

Variable cost per hour = (High cost - low cost) ÷ (High machine hours - low machine hours)

= ($234,000 - $210,000) ÷ (24,000 hours -20,000 hours)

= $24,000 ÷ 4,000 hours

= $6

Now the fixed cost equal to

= High cost - (High machine hours × Variable cost per hour)

= $234,000 - (24000 hours × $6)

= $234,000 - $144,000

= $90,000

The high cost is computed below:

= 20,000 hours × $10.50

= $210,000

And, the low cost would be

= $24,000 hours × $9.75

= $234,000

7 0
3 years ago
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