Answer:
Barbara will have $210,349
Mary will have $188,922
Explanation:
Total time of investment is 40 years = age 67 - age 27
After 10 years, Barbara will have $27,633 (this figure used "FV" calculation in excel = FV(7%,10,2000)
Then Barbara put all $27,633 in next 30 years then she will have $210,349 = 27,633 x (1+7%)^30
Mary didn't now invest in first 10 years, but then invests $2,000 per year for the next 30 years, so she will have $188,922 = FV(7%,30,2000)
Answer:
The correct answer would be, The Canadian Airline would have used Lost Customer Recovery Strategy.
Explanation:
When the sales of the Canadian Airline declines, they surveyed their target market which is Business Class Travelers. From the responses of the customers, they found out that customers feel bounded by the staff of the airplane. They think that they were totally controlled by the staff on board.
Now if the Canadian Airline would have surveyed their former customers, then they would have known why they left their airline, and what was their concerns and what they want in this airline; then the strategy used by them would have Lost Customer Recovery Strategy.
Answer: Statement B and D
Explanation:
Option A : cellphone communication companies and the respective authorities of the countries in which they operate have their own legal restrictions and policies regarding cellphone communication.
Option C : Mobile tapping and on call recording crimes are common these days so cellphones cannot be considered completely confidential and not prone to misuse .
Answer: $15,000 gift from Diana’s mother for the down payment of their new house
Explanation: under the US code 102- Gifts and other inheritances. Gross income does not include the value of property acquired by gift. Money given as gifts to purchase a property are not taxable.
Answer:
b.The good is a necessity
Explanation:
The price elasticity of demand = percentage change in quantity demanded/ percentage change in price
3% / 12% = 0.25
When the coefficient of elasticity is less than one, demand is inelastic.
Inelastic demand means that when price increases, there is little or no change in quantity demanded.
Necessity goods are goods that are very important to consumers and thus they tend to have an inelastic demand. For example, medications.
Substitute goods are goods that can be used in place of another good because of their similarity. E.g. butter and margarine
Goods with many substitutes have an elastic demand. If price of a good increases, consumers can easily shift consumption to substitute goods.
Narrowly defined goods have an elastic demand because it is easier to find subsituites for such goods.
Demand is more elastic in the long run because consumers have more time to search for substitutes.
I hope my answer helps you
