Answer:
The correct statements about Albert's business:
C. Once Georgina has rented the coolers and the supplier has closed the store, Georgina is facing a long-run decision.
D. Specifically for this problem, the long run could be described as roughly 24 hours.
Explanation:
From the scenario, the variable factors are the number of beverages and the number of coolers for Albert's business. This is because the number of beverages and the number of coolers depend on demand. This eliminates option A. Option B is not a long-run decision but a short-run one. The long-run is a time period when the decision-maker cannot change her decisions to meet the prevailing demands.
Answer:
recordkeeping or bookkeeping
Explanation:
Answer:
correct option is (D) 4 percent
Explanation:
given data
cost of housing increases = 10 percent
to find out
CPI is likely to increase by
solution
as other thing (CPI) Consume price index is likely to increase as
(CPI) Increase in Consume price index = 40 % of cost of housing increases ...................1
so (CPI) Increase in Consume price index = 40 % of 10%
Increase in Consume price index = 4%
so correct option is (D) 4 percent
Answer:
12.18%
Explanation:
Present value = $34,700
Future Value = $173,500
Time (n) = 14 years
Interest Rate = i
Future Value = Present Value * (1+i)^n
$173,500 = $34,700 * (1 + i)^14
(1 + i)^14 = $173,500/$34,700
(1 + i)^14 = 5
1 + i = 5^(1/14)
1 + i = 1.1218284
i = 1.1218284 - 1
i = 0.1218284
i = 12.18%
So, the annual interest rate she must earn is 12.18%.
