Compound interest is what you're looking for.
<span>Use the PV of an Annuity tables, where PV is $1,000, Annuity is $20, and Rate is 1.5%. But remember that the equation for this table is PV = Annuity x Factor. Since we know the PV and the Annuity, solve for the Factor.
PV / Annuity = Factor, so $1,000 / $20 = 50 (the Factor). From the table, find where a Factor of 50 meets a rate of 1.5%. A factor of 49.9724 appears at 1.5% and 93 Periods.
The formula for the PV of an Annuity is (1 - 1 / (1 + r)^n) / r. So 1,000 = (1 - 1 /(1.015)^n / .015.
To solve for n gets too difficult</span>
Answer:
the labor rate variance is $2,580 unfavorable
Explanation:
The computation of the labor rate variance is shown below:
= Actual labor cost - (standard rate × actual hours)
= $131,580 - ($15.60 × 8,600 hours)
= $131,580 - $134,160
= $2,580 unfavorable
Hence, the labor rate variance is $2,580 unfavorable
Answer:
A decrease in both the market equilibrium price and the market equilibrium quantity of autos sold.
Explanation:
A fall in the demand for automobiles would shift the demand curve to the left.
As a result of the leftward shift, both equilibrium price and quantity would fall.
I hope my answer helps you
Answer:
They weaken their ability to represent the interests of employees
Explanation:
The two organizations American Federation of Labor(AFL) and Congress of Industrial organizations(CIO) work differently regarding their approach to representing labor or employees. They have had disagreements in the past, from CIO breaking out of AFL to some violent exchanges and differing policies to representing labour. These differences make it less effective to represent employees as these unions are not entirely unified.