Answer:
$13.39
Explanation:
future value of an annuity = monthly payment x FV annuity factor
monthly payment = future value / FV annuity factor
future value = $1,000,000
FV annuity factor = [(1 + 0.5%)¹¹⁸⁸ - 1 ] / 0.5% = 74,670.60843
monthly payment = $1,000,000 / 74,670.60843 = $13.39
Answer:
a. $169,800
Explanation:
As for the provided information we have,
Sales data, for each month
July $120,000
August $211,000
September $198,000
Cash receipt budgeted for September shall be:
36% of sale of the month of July = $120,000
36% = $43,200
60% of sale of the month of August = $211,000
60% = $126,600
Thus, total expected amount = $169,800
Therefore, correct option is
a. $169,800
Answer:
Elascticity of supply is 2.38, which means that it is highly elastic.
Explanation:
At a wage rate of $50 per hour, Charles is willing to work 10 hours per week.
At a wage rate of $65 per hour, he is willing to work 19 hours per week.
Here,
P1 = $50, P2 = $65, Q1 = 10 hours, Q2=19 hours
Change in labor supply
= 
= 
= 
= 0.62
Change in labor price
= 
= 
= 
= 0.26
Elasticity of supply
=
=
=2.38
Elascticity of supply is 2.38, which means that it is highly elastic.
Answer:
Quantity will Increase
Explanation:
As we know that when market is in equilibrium so the demand curve should be intersected the supply curve. At the time when there is an increase in suppliers so supply curve shift rightward due to which the consumer income would increase and this result in more demand. So the demand could be shift in rightward
So here the price should be the same but the quantity is increased
The answer is so True The answer is so True