Answer:
$974.969721935.
Explanation:
So, the assumed discount rate is six(6) percent(%). That is r = 0.06, hence, the amount I will be needing in the next 18 years for my child = $31,940. So, let us Calculate my yearly savings starting today by using the mathematical formula or representation below;
Amount needed in 18 years = (amounts to be saved starting from today, x)/ r × [ ( 1 + r )^n - 1] × ( 1 + r).
$31,940 = x/ 0.06 × (1 + 0.06)^18 - 1 × ( 1 + 0.06).
Solving for x, we find that;
The amounts to be saved starting from today, x = $31,940/ 32.7599917017.
=> The amounts to be saved starting from today, x =$974.969721935.
Answer:
His return on investment is negative 8.7%
Explanation:
Thomas purchased 2,500 shares of EKK at $54 per share (=$135,000 / 2,500).
He received $750 (= $0.30 x 2,500) in annual dividends.
He sold his 2,500 shares at $49 per share = $122,500
The total amount of money he received from his investment is $122,500 + $7
50 = $123,250, then we divide that by $135,000 = 0.913 - 1 = -8.7%
Answer:
3) former sells similar, although not identical, products.
Explanation:
In a monopolistic competition, there may be many sellers of a specific good, but in order for each firm to possess a monopolistic edge over the other, minute differences may exist between the similar goods. For example, geometrical sets are more or less the same, in terms of content. However, producer A may include a formula sheet, something which producer B may compensate with a timetable sheet. A consumer may wish to buy a geometrical set, but will have to choose between one from producer A or B since they all have different special features. Both producers A and B possess a monopoly of sorts over each other, due to the difference in features. This is called product differentiation. It may be physical, like the one above or perceived, where product A may seem better than product B, though entirely similar, due to A’s massive advertising. Purely competitive firm sells standard product like its competitors.
Profit = Sales - Expenses
<span>Expenses = Fixed + Variable </span>
<span>No. of units sold = $550,000 / 55 = 10,000 </span>
<span>Variable expenses = $44 x 10,000 = $440,000 </span>
<span>Expenses = 20,000 + 440,000 = $ 460,000 </span>
<span>So, profit = 550,000 - 460,000 = $ 90,000.</span>
The best answer for this question would be:
<span>b. domestic producers of jet skis are worse off, domestic consumers of jet skis are better off, and the economic well-being of the country rises.
Because originally the jet skis came from the country they originated from so the quality is original and more trusted to the consumers. </span>
