C. increase in the interest rate
Answer:
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Answer:
4.51
Explanation:
We have to calculate fva. The future value of annuity
Here is the formula
Fva = A [( + I)^n-1/I]
Where a = annuity
I = interest rate
N = number of years
Inserting into formula
1[(1+0.08)^4 - 1/0.08]
= 1[(1.36049 - 1)/0.08]
= 4.51
Therefore the future investment is $4.51
Answer: A. equal to marginal cost where it intersects the demand curve
Explanation:
In a pure competition, the market is efficient because it balances demand and supply and gives an equilibrium price that takes both of them into account.
In this market, the price is equal to the marginal revenue of a firm and the profit maximizing level of production is where the marginal revenue intersects the marginal cost.
The efficient level is therefore where price equals marginal cost. The same goes for a natural monopoly. If economic efficiency is to be achieved, the natural monopoly's price must equal the marginal cost at the equilibrium price.
Answer:
Date Account Details Debit Credit
Sept. 30, 2020 Accounts Receivable $5,000
Sales $5,000
Date Account Details Debit Credit
Sept. 30, 2020 Cost of Goods Sold $2,000
Inventory $2,000
