Answer:
5.67 years
8.99 years
Explanation:
The relationship between future value, present value, interest rate as well as the duration of an investment(n) are depicted below with future value formula:
FV=PV*(1+r)^n
FV=future value( let us assume it is $10,000)
PV=$5,000( half of the present value)
r=13% interest rate
n=duration of the investment=the unknown
10,000=5000*(1+13%)^n
10,000/5000=1.13^n
2=1.13^n
take log of both sides
ln(2)=n ln(1.13)
n= ln(2)/ln (1.13) = 5.67 years
Triple of original investment:
FV=PV*(1+r)^n
FV=future value( let us assume it is $15,000)
PV=$5,000(one-third of the present value)
r=13% interest rate
n=duration of the investment=the unknown
15,000=5000*(1+13%)^n
15,000/5000=1.13^n
3=1.13^n
take log of both sides
ln(3)=n ln(1.13)
n= ln(3)/ln (1.13) = 8.99 years
An agent and broker is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange but does not take title to the goods.
<h3>What are agent and broker?</h3>
Agents and brokers are described as the traders that conduct the trade of goods, or can associate with buying and selling processes. It is important to mention that agents and brokers form an important link in influencing a supplier, trading of products, and movement of goods.
The agents and the brokers do not possess the goods but act as an important intermediary who makes it easy to buy and sell. In other words, the agents and the brokers bring the sellers and the buyers together so that an effective negotiation process can be conducted.
It can be concluded that an agent and broker is one type of marketing intermediary that brings together buyers and sellers and assists in negotiating an exchange but does not take title to the goods.
To know more about, agents and brokers, check this link:
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Answer:
Results are below.
Explanation:
Giving the following information:
Unitary contribution margin= $11
Fixed costs= $54,200
<u>First, we need to calculate the net income y sales were 8,040:</u>
Net income= 8,040*11 - 54,200
Net income= $34,240
<u>Now, if sales were 7,960:</u>
Net income= 7,960*11 - 54,200
Net income= $33,360
<u>Finally, if sales were 7,000:</u>
Net income= 7,000*11 - 54,200
Net income= $22,800
Answer:
Explanation:
Goods are tangible items that that can be bought at a price while services is defined as intangible benefits that is provided . However , they both provide value and satisfaction to the buying party
A shirt in the scenario is an example of a good as it was a tangible product that did not perish immediately.
The restaurant experience is a service as she chose to go there in order to sit and relax , in addition to buying the food stuff which could have been bought in a grocery store. The sitting and relaxing was an intangible product that expired (perish) as soon as she left the restaurant which qualifies it as a service
The answer is C.
Greater productivity
