1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
morpeh [17]
3 years ago
13

For each growth rate below, use the rule of 70 to calculate how long it will take incomes to double. Instructions: Round your an

swers to one decimal place. Years for incomes to double a. 1.4 percent b. 3.2 percent c. 4.9 percent d. 6.4 percent e. 7.5 percent
Business
1 answer:
STatiana [176]3 years ago
4 0

Answer:

Explanation:

Rule 70 is used to estimate how long it tales a cashflow amount to double.

The formula is as follows ;

Number of years = 70 / growth rate

<u>At 1.4% growth rate;</u>

Number of years = 70 / 1.4 = 50

<u>At 3.2% growth rate;</u>

Number of years = 70 / 3.2 = 21.88

<u>At 4.9% growth rate;</u>

Number of years = 70 / 4.9 = 14.29

<u>At 6.4% growth rate;</u>

Number of years = 70 / 6.4 = 10.94

<u>At 7.5% growth rate;</u>

Number of years = 70 / 7.5 = 9.33

You might be interested in
A group of teens in your town meet and agree to charge a flat fee of five dollars per hour for babysitting. They charge the same
swat32

Answer:

a monopoly

Explanation:

6 0
3 years ago
Read 2 more answers
Suppose interest rates on residential mortgages of equal risk were 8% in california and 10% in new york. could this differential
Aleks04 [339]

Regional mortgage rate differentials do exist, depending on supply & demand conditions in the different regions. However, high rates in one region would attract capital from other regions, and the end result would be a diffferential that was just sufficient to cover the costs of causing the transfer. Differentials are more likely in the residential mortgage market than the business loan market, and not at all likely for the large, nationwide firms, which do their borrowing in the lowest-cost money centers thereby quickly equalizing rates for large corporate loans. Interest rates are more competitive, making it easier for small borrowers, and borrowers in rural areas, to obtain lower cost loans

4 0
3 years ago
Why would a monopolistically competitive firm​ advertise? A monopolistically competitive firm would advertise to A. shift its de
kompoz [17]

Answer:

C) Make its demand curve more inelastic

Explanation:

A product is inelastic if the demand for it does not change a lot when price changes. For example, gasoline is a perfect example of a good with inelastic demand because customers buy gasoline even if the price rises.

A firm will always want to have inelastic products because this will assure revenue even if production costs have to be raised, and the sales price therefore increases.

Advertising can achieve that by increasing brand loyalty, product differentiation, or good perception about the product. Customers may feel that no matter how high the price is, the product is worth it.

5 0
3 years ago
Economists agree that a. neither high inflation nor moderate inflation is very costly. b. both high and moderate inflation are q
bezimeni [28]

Answer:

High inflation is costly, but they disagree about the costs of moderate inflation.

Explanation:

Inflation can be defined as the persistence rise in the price of goods and services. Inflation leads to a decline in the value of money this means that individuals may no longer to buy enough thing with the same amount of money which is previously enough to buy the things needed. The rise in the price of goods will equally mean inability to purchase the normal quantity of goods.

The main causes of inflation are demand pull and cost push. Demand pull occurs when manufacturers increase their prices due to the increase in demand for their products. Cost push occurs when manufacturers increase the prices of their products because the costs have also increased.

4 0
3 years ago
The discounted payback period Blank _____ account for the time value of money, and the payback period Blank
kondor19780726 [428]

The discounted payback period does account for the time value of money, and the payback period does not.

<h3>What is discounted payback period?</h3>

A method of capital budgeting used for determining a project's profitability is known as discounted payback period. This will be done by recognizing the time value of money and by discounting cash flows of the future.

The payback period is the amount of time it takes for an asset's net cash flows to pay back the amount invested in it. It's a quick and easy technique to assess the risk of a given project.

The advantage of this method is utilized in selecting the projects as this method helps to determine the profitability of any project by identifying measures to reach the break-even point in any project.

Learn more about discounted payback, here

brainly.com/question/13057308

#SPJ1

8 0
2 years ago
Other questions:
  • A salesperson for FS Tools asked Justin, a cabinet maker, "If I can show you how to cut melamine, high-pressure laminates, and f
    11·1 answer
  • Suppose you are the owner of a small t-shirt printing business. while conducting a cost analysis of your business, you find that
    10·1 answer
  • Typical ____________ data include gender, income and geographic region.
    6·1 answer
  • Which position is responsible for the direct management of all incident-related tactical activities?
    7·1 answer
  • A corn farm, a coal mine, and a fishing company are all part of the _________ industry. A. Manufacturing B. Service C. Extractiv
    14·2 answers
  • Assume an economy is currently engaged in free trade but considering implementing a tariff on its main import, athletic shoes. W
    12·1 answer
  • According to virginia satir, the single factor determining the kinds of relationships we make with others is
    8·1 answer
  • Which stage of group development involves members introducing themselves to each other?
    12·1 answer
  • Data-driven decision making is a process of 
    8·1 answer
  • Over lunch, Daniel and Haley are discussing their managers. Daniel describes his boss as extremely motivating. Daniel feels much
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!