Answer:
240,000,000
Explanation:
Each year you would need to invest 240,000,000 into the saving account over a period of five years to get to the desired amount. If they are only putting in 12%of the retirement funds that would 14,400,000 and that would take about 8 years.
Answer:
B. $6000
Explanation:
Given that
Price = $9
Average total cost (ATC) = $7
Output (Q) = 3000
Two methods can be used in calculating profit in this case.
The first method is
Profit = (price - ATC) × Q
= (9 - 7) × 3000
= 2 × 3000
= $ 6000
The second method is
Profit = Total revenue (TR) - Total Cost (TC)
Where TR = Price × Q = 9 × 3000 = $27000
TC = ATC × Q = 7 × 3000 = $ 21000
Therefore,
Profit = 27000 - 21000
= $6000
Any method used will result to the same answer.
NOTE THAT,
ATC = Total cost / Q.
So change of formula was used to obtain Total cost from this formula.
% return would be (total profit / total invested) * 100 so
( 100 / 1000 ) * 100 = 10%
