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Alex
3 years ago
12

Maxxie purchased a tract of land for $24,500. Today, the same land is worth $43,800. How many years have passed if the price of

the land has increased at an annual rate of 6.4 percent
Business
1 answer:
sp2606 [1]3 years ago
4 0

Answer:

9.35 years

Explanation:

To find the numbers of years that have passed, you can use the following formula:

n =  ln(FV / IV)/ln(1 + r)

n= number of periods

FV= Future value= $43,800

IV= Initial value= $24,500

r= rate= 6.4%

n=ln(43,800/24,500)/ln(1+0.064)

n= ln1.79/ln1.064

n=0.58/0.062

n= 9.35

According to this, 9.35 years have passed.

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Answer and Explanation:

As per the data given in the question,

The central bank have various tools to apply expansionary policy and these tools are :

- Reserve ratio.

- Discount rate.

- Open market operations.

The open market operations include the buying and selling of government owned securities by central bank to impact the monetary base in the economy. In case of any recession, the central bank should purchase government securities to enhance the money supply. Because whenever they do any kind of open market purchase there would definitely be increase in money in the economy. That's why increment in money supply decrease the interest rate in economy.

Nominal interest rate is the cost of borrowing so if there is decrement in interest rate, there would be consumption and investment activities. these both are the component of aggregate demand so the aggregate demand will increase, and this increment in aggregate demand helps the economy to recover in the situation of recession.

6 0
3 years ago
When Max was hired to work in the warehouse of the automobile manufacturing facility, he was told that while he didn't have to j
zimovet [89]

Answer:

The answer is: Union shop

Explanation:

Union shop refers to an agreement between a company and a labor union making it mandatory that all employees must belong to the labor union or if they are hired recently, they must join the union within a certain period of time.

In this case the time given to Max was 8 weeks for him to join the union or he would not be able to work there.

5 0
3 years ago
The movement of parts from one area of the factory to another is considered a value-added activity whereas the storage of raw ma
ivanzaharov [21]

Answer:

TRUE

Explanation:

Value can be defined as the thing for which an customer is willing to pay the price. It is the activity on any shop floor or business for delivering the product or service to the customer for which the customer is ready to pay the price for it.

If the customers does not wish to pay the price, then there is no value.

So inside a factory, in a shop floor, moving a part from one place to another for making a product that the customer is willing to pay is a value added activity. But excess movement or transportation of product does not any value to it, it is then considered as a waste.

Also storing of products is a non value activity as storing a product will not help the customer in any way and a customer will not pay for a product when it is stored and is of no use to the customer.

4 0
2 years ago
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inn [45]

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a, b

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In order to be cost efficient, he might as well determine the net cash outlay of the lease agreement.

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3 years ago
When each partner contributes capital and owns a specified right to a percentage of the proceeds from the alliance, the collabor
JulijaS [17]

Answer:

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