Answer:
$12
Explanation:
If P = $2 then the Q will be;
Q = 20 - 4 * 2
Q = 20 - 8
Q = 12
The maximum annual membership fee will be equal to the amount of demand. The annual membership fee cannot be greater than the demand function if so there will be decline in the demand.
In a case whereby mazda once included a solar powered ventilation system on its cars. a solar panel on the roof powered a pair of fans near the trunk, this is an example of Lean manufacturing.
<h3>What is Lean manufacturing?</h3>
Lean manufacturing can be described as the methodology whioch ius been used by the company so as top be able to minimize waste within manufacturing systems.
It should be noted that with this miniumization thjat is been done, there is simultaneously maximization of productivity howevr the Waste caqn be described as the thin gs that do not go well with the customers or those things that dop not adds value and are not willing to pay for.
In conclusion, the Lean manufacturing can be descroibed as the type of manufacturing that canm be use toi factor out the waste during the manufacturing so as to be able to improve the productivity as well as efficiency.
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Answer:
"In the United States, currency holdings per person average about"
a. $110; one explanation for this relatively small average is that many people use credit and debit cards to make transactions.
Explanation:
Many persons in the United States prefer the use of credit and debit cards to cash because they make it easier to settle transactions. Whereas a debit card allows one to spend money from deposited funds at the bank, a credit card gives the holder the ability to borrow money from the card issuer to purchase items or withdraw cash. There are credit card limits so that the cardholder does not withdraw above an established limit.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Susan:
Annual deposit= $5,000 for 10 years
Lumo-sum for 30 years
Interest rate= 8.5%
Jane:
Annual deposit= $5,000 for 30 years.
<u>First, we will calculate the future value of Susan:</u>
<u></u>
First 10 years:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,000*[(1.085^10)-1]}/0.085
FV= $74,175.50
Last 30 years:
FV= PV*(1+i)^n
FV= 74,175.50*(1.085^30)
FV= $857,050.14
<u>Jane:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,000*[(1.085^30)-1]}/0.085
FV= $621,073.63
<u>Earnings difference= 857,050.14 - 621,073.63= $235,976.51 in favor of Susan.</u>