Answer:
The price o the machine is = $268,157.69
Explanation:
<em>The Net present value is the difference between the present value (PV) cash inflows and the initial cost of the investment.</em>
<em>PV of cash inflow =</em>
90,000× (1- (1.1)^(-7) )/0.1
= 438,157.69
NPV = PV of cash inflow - cost of the machine
<em>Let represent cost of the machine as " y "</em>
170,000 = 438,157.69 - y
y = 438,157.69- 170,000
y = 268,157.69
The price o the machine is = $268,157.69
Answer:
I. Retail industry
ii. 7%
Explanation:
Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.
Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc
In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.
Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.
The Wheeler-Lea amendment made unfair or deceptive acts or practices in commerce illegal under Section 5 of the Federal Trade Commission Act.
<h3>What was
Federal Trade Commission Act?</h3>
The Federal Trade Commission was founded by the Federal Trade Commission Act of 1914, federal legislation of the United States. The Act, which was passed by US President Woodrow Wilson in 1914, forbids unfair business practices and unfair techniques of competition.
Unfair or misleading acts or practices in or affecting commerce are prohibited by Section 5 of the Federal Trade Commission Act (FTC Act) (15 USC 45). All individuals engaged in business, including banks, are subject to the restriction.
The Federal Trade Commission Act's Section 5 was modified by the Wheeler-Lea Act of 1938, which made "unfair or misleading acts or practices" and "unfair methods of competition" illegal. Civil penalties were offered for breaking Section 5 orders.
To know more about Wheeler-Lea Act refer to: brainly.com/question/16938880
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