Mark Johnson invests a fixed percentage of his salary at the end of each year. This year he invested $1500 For the next 5 years,
1 answer:
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Answer:
C. Inside its PPC
Explanation:
The Production possibility Curve also known as Production Possibility Frontier PPF is the curve that depict the relationship in the production of 2 given goods in an economy (See Image).
The curve basically shows 5 situations:
1. Point A: where all the production is devoted to Wheat
2. Point B: where all the production is devoted to Cotton
3. Points C: Any given point along the curve different to point A and B represent the trade off in the production of the 2 goods
4. Point D: Is an impossible point to achieve as it is outside the capabilities of the curve
5. Point E: Is an inefficient point of production as it is below the possibilities of production.
In the case of the expantion of the production capacity while the total spending fails to rise as fast. Then, the economy ends up in point E were inefficiency must be solve in order to produce in a maximum capacity.
Answer: The answer has been attached below
Explanation:
Financial statements are the formal records of financial activities and position of an individual, a business, or other entity. The relevant financial information is typically presented in a structured manner and in an understandable form.
Financial statements can include balance sheet, income statement, statement of cash flows, the notes to accounts and statement of changes in equity.
The solution to the question is attached.
Answer: $1,622.08
Explanation:
Currently both Shaan and Anita are cumulatively paying;
= 850 + 675
= $1,525
Their savings are;
= 1,525 * 10%
= $152.50
As this saving is fixed, it is an annuity. The future value over 8 years at 8% is;
Future Value of Annuity = Annuity * Future value annuity factor, 8 years, 8%
= 152.50 * 10.6366
= 1,622.0815
= $1,622.08
