To find simple interest:
Time = Interest/(Principle)(Rate)
Interest is the amount of interest paid
Principle is the amount you lent or borrow
Rate is the percentage of principle charged as interest each year
Time is the years of the loan
P=Principle amount of $1,500
I=Interest amount of $1,200 (Take the new amount of $2,700 and subtract from the principle that is $1,500 which gives you $1,200)
r= as a decimal .15 (15%/100)
t=unknown
T=I/PR
T=1,200/(1,500)(.15)
T=1,200/225
T=5.3 years
It would take Lance roughly 5.3 years
Answer:
sensitivity analysis
Explanation:
Based on the information provided within the question it can be said that in this scenario the marketing manager would be using sensitivity analysis. This is a method of analyzing the uncertainty outputs that a mathematical model will have on something. Which in this case would be the different price levels on a new product.
Answer:
1. $ 750
2. - $ 50
3. $ 600
4. $ 600
Explanation:
1. Using the data GDP = C+I+G+ (X-M)
GDP= $500 +$100 + $ 200 + ($50-$100)
GDP= $ 800 + (-50)
GDP = $ 750
2. NET EXPORTS = EXPORTS - IMPORTS= $ 50- $ 100= -$50
3. PCE= Consumption+ Private Domestic Investment= $ 500 + $ 100= $ 600
4. GDP 2017= $ 750 *80%= $ 600
Answer: $2.33
Explanation:
The unit contribution margin that is required to attain the profit target will be calculated thus:
= (Fixed cost + Desired profit) / Estimated units
= ($225,000 + $125,000) / 150,000
= $350,000 / 150,000
= $2.33
Therefore, the unit contribution margin is $2.33
