Answer: B. $1,050 more than expected.
Explanation:
The company originally planned to have revenue resulting from 30 customers and charging $30 for an estimated 33 hours.
Estimated revenue was;
= 30 * 30 * 3
= $2,700
However, in actuality, they sold to 20 more customers than estimated but only spent 2.5 hours each.
Number of customers = 30 + 20
= 50 customers
Actual revenue
= 50 * 30 * 2.5
= $3,750
Difference is;
= 3,750 - 2,700
= $1,050 more
Answer:
D
Explanation:
A savings account is an account owned by an individual at a bank. He keeps his money there, and earn interest at the end of the month for his savings.
A minimum balance is sometimes required by the banks for a savings account, customers are expected to keep such minimum balance always if not, the account will be closed down.
Answer: 3 million.
Explanation:
Unemployment is defined as when a member of a Country's labor force is jobless but actively looking for work.
In the Scenario 28-1, the discouraged people are not counted as they are discouraged and not looking for work and 1 million other people being students and retirees amongst others are not looking for work either.
The unemployed section of Mankiwland is therefore the 3 million unemployed people.
Answer:
15.54 %
Explanation:
The Internal Rate of Return (IRR) is the Interest rate that will make the present value of Cash Flows equal to the price or initial investment.
Step 1
First determine the summary of Cash Flow of the project.
The Projects` cash flows are as follows :
Year 0 = $1,920,000
Year 1 = $580,127.00
Year 2 = $580,127.00
Year 3 = $580,127.00
Year 4 = $580,127.00
Year 5 = $580,127.00
Step 2
Calculate the IRR.
From this point i will use a Financial Calculator. The Function to use is the CFj for uneven Cash Flows.
($1,920,000) CFj
$580,127.00 CFj
$580,127.00 CFj
$580,127.00 CFj
$580,127.00 CFj
$580,127.00 CFj
Shift IRR/YR 15.5415 or 15.54 %
Conclusion :
The internal rate of return for the J-Mix 2000 is 15.54 %
<span>The Interstate Commerce Act of 1887 is a United States federal law that was designed to regulate the railroad industry, particularly its monopolistic practices. The Act required that railroad rates be "reasonable and just," but did not empower the government to fix specific rates.</span>
