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3 years ago

How much must be deposited today into the following account in order to have 35000

Business

1 answer:

almond37 [142]3 years ago

8 0

Answer:

$21,691.43

Explanation:

We are to determine the present value of 35,000

the formula for determining present value is :

PV = FV (1 + r)^-nm

FV = Future value

P = Present value

R = interest rate = 8%/ 12

N = number of years

m = number of compounding = 12

35,000( 1 + 0.00667)^-72 = $21,691.43

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7) Suppose the real exchange rate is 10, the domestic price level is 8, and the foreign price level is 4. (a) What is the nomina

konstantin123 [22]

Answer and Explanation:

The computation is shown below:

1. Nominal exchange rate is

= (Real exchange rate) × (foreign price level ÷ domestic price level)

= 10 × (4 ÷ 8)

= 5

2. Change in Nominal exchange rate is

Change in Nominal exchange rate = (real exchange rate change ) + foreign inflation - domestic inflation

= 10 + 4 - 6

= 8%

3.) foreign inflation rate

= Change in Nominal exchange rate - real exchange rate change + domestic inflation

= 5 - 8 + 3

= 0%

We simply applied the above formulas

4 0

2 years ago

A worker received $5 for a daily wage in 1930, which has the equivalent value of $63.24 today. if the cpi was 17 in 1930 what is

Katyanochek1 [597]

17 which should equal 215.01 I think- sorry if I’m wrong

6 0

2 years ago

Suppose a gold miner finds a gold nugget and sells the nugget to a mining company for $600. The mining company melts down the go

KIM [24]

Answer:

GDP grew by $2,200

Explanation:

Gross domestic product (GDP) which is the total market value of all the final goods and services produced in a country over a given period of time. The GDP can be calculated using the value added approach.

Here the GPD figure is ascertained by summing the amount of additional value created by each factor of production at each stage of the production process of the final product.

Only the values added are summed, the cost of the inputs or intermediate goods are not included

In this question, the final value of $2200 represents the amount by which the GDP has increased in the period. This also can be verified using the value-added approach as follows

Value added($)

Gold miner - 600

Mining company : 1000 -600 = 400

Jewerlry maker :1600 - 1000 = 600

Departmental store :2200 -1600 = 600

Total value added 2,200

8 0

3 years ago

Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a period, together with informatio

MrRissso [65]

Answer:

Cost of completed WIP: 30,240

Total cost of tranferreed-out: 729,990

Explanation:

We assume it works with weighted-average process costing

Beginning 9,000 50% = 4,500 $22,050

Finished goods 207,000 units

Direct Materials 212,000 units at $1.6

Direct labor $276,000

Overhead $ 107,400

Total Overhead $383,400

started 212,000 units

finished 207,000 units

ending 5,000 units at 75%

EU Conversion Cost 207,000 + 5,000 x 75% = 210,750

Cost per equivalent unit: 383,400 / 210,750 = 1,819217

Cost of beginning WIP comepleted

22,050 beginning + 1.82 x 4,500 = 30,240

Cost of the units transferred to finished goods:

22,050 beginning WIP balance

+ 207,000 x $1.6 materials

+ 207,000 x $1.82 conversion cost

Total: 729,990

7 0

2 years ago

When a price ceiling is imposed, the price system is prohibited from rationing the product in the market in which the ceiling w

padilas [110]

Answer:Queuing, Favoring customers, and ration coupons

Explanation: Price ceiling is a price control mechanism used by Government and price regulators to control the market price of a product or services, price ceiling is the price of a product above which no manufacturing company or marketer is expected to sell any Product.

Rationing methods are methods used to control the sale or availability of the product to the consumer.

Queuing is rationing method which is based on the first come first serve, everyone is served According to the time he or she comes or signify interest.

Favouring Customers is.anotjer rationing technique it gives certain Customers some prevelegd based on some conditions.

Ration coupon is used to specify which Quantity can be issued to a customer at a given time.

7 0

2 years ago