Answer:
It will take 27.56 years to gain $196,000.
Explanation:
Giving the following information:
Future value (FV)= $196,000
Present value (PV)= $46,000
Interest rate= 5.4% = 0.054
<u>To calculate the time required to reach the objective, we need to use the following formula:</u>
n= ln(FV/PV) / ln(1+i)
n= ln(196,000/46,000) / ln(1.054)
n= 27.56
It will take 27.56 years to gain $196,000.
On average, someone with a Bachelor's degree is estimated to
earn 84% more than someone with a high school diploma.
According to the analytics of National Center for Education
Statistics (NCES), those who have college degrees can earn significantly more
compared to those with only high school diploma.
Answer:
This took me a long time to figure out , but I'm pretty sure number 1 is
D) Silk and Wool.
And number 2 is C) Northern Nigeria
Explanation: Hope that's right, sorry if not because for number 1 most of them could be the answer, and for number 2, three of them could be the answer.
Answer: add this flight because marginal revenue exceeds marginal costs.
Explanation:
Since the total cost of the flight would be $1,100, of which $800 are fixed costs already incurred, then the variable cost in this case will be )$1100 - $800) = $300.
Since the expected revenues from the flight are $600, thus implies that the total revenue exceeds total variable cost and therefore Dash should add the flight because total revenue is more than total variable cost and the marginal revenue exceeds marginal costs.
Answer:
B) dividing the change in total cost by the change in output
Explanation:
Marginal cost(MC) is the cost incurred as a result of producing additional units of goods and services. It is calculated by dividing a change in total cost by a change in output.
That is,
Marginal cost(MC)= change in total cost(TC)/ change in output
Total cost(TC): This is the addition of fixed and variable cost in production.
Total cost(TC)= fixed cost (FC)+variable cost (VC)
Fixed cost (FC) are cost that doesn't change during the production process such as buildings, machineries and furniture.
Variable cost (VC) are cost that changes or are used up during production process such as raw materials.
