<u>Solution and Explanation:</u>
The yYearly Equal Cash Inflows =
= 46000
Present Value of Inflows at the rate of 10% = 
= 46000 multiply with 3.791 = 174386
NPV = 174386 minus 132500 = 42386
<u>
Briggs must make an investment in the project as it generates additional wealth and NPV is positive
</u>
For NPV = 0, PV of inflows = 132500
PV Of Inflows = Annual Cash Flow multiply with 3.791
Annual Cash Flow = 132500 divide by 3.791 = 34951.20
So, Hours =
= 1193.08 hours
Answer:
They're very simple creatures, though: a sponge doesn't have a respiratory system, a digestive system, or a circulatory system. Instead, sponges rely on the flow of water through their bodies to bring them food and oxygen and carry waste away.
Explanation:
Answer:
creates a shortage
Explanation:
Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
Because price is set below equilibrium price, demand would outstrip supply and this would lead to a shortage
Effects of a price ceiling
1. It leads to shortages
2. it leads to the development of black markets
3. it prevents producers from raising price beyond a certain price
4. It lowers the price consumers pay for a product. This increases consumer surplus
Answer:
they have 25 quarters and 19 nickels
Explanation:
let N = number of nickels
let Q = number of quarters
5N + 25Q = 720
N + Q = 44
N = 44 - Q (now we must replace)
5(44 - Q) + 25Q = 720
220 - 5Q + 25Q = 720
20Q = 720 - 220 = 500
Q = 500 / 20 = 25
N = 44 - 25 = 19
Basically start off with a great idea and invest thousands of dollars and hopefully it lifts off from there.
