Answer:
Since Interest Rate and Period is not given; we would assume the spring term begins in 4 months and
Explanation:
First we will require to use the compound interest formula.
It is not mentioned the compounding period in the question. However, many of the bank accounts today offer monthly compounding, and this will be used as the basis.
i=interest rate=7.62% p.a => 7.62/12=0.635% per month
FV=PV(1+i)^n
FV=future value = 2200
PV=present value, to be found
i=interest rate per compounding period (month)=0.00635
n=number of periods=4
2200=PV(1+0.00635)^4
PV=2200/(1.00635^4)
PV=$2144.99
In case interest is not compounded, we could apply the simple interest formula:
FV=PV(1+ni)
PV=2200/(1+4*0.00635)
PV=$2145.504
Answer:
a. True
Explanation:
For computing the amount of safety time required for protecting a specific path we need to subtract the total of safety time in order to protect the individual activities who are making the path so that the path should be secure, safe and protected
Hence, the given statement is true
Therefore the correct option is a. True
Answer:
The price elasticity of demand for textbooks is 1.25
Explanation:
Price elasticity of demand is given by percentage change in quantity demanded divided by percentage change in price
Percentage change in quantity of textbooks demanded = 5%
Percentage change in the price of a textbook = 4%
Price elasticity of demand for textbooks = 5% ÷ 4% = 1.25
Hi there! The answer is B. False
Increasing its sales revenue is NOT the only way a firm can increase its profits.
A firm can also increase its profit by reducing its total costs. When the sales revenue stays the same and the total cost decreases, the revenue will increase (without an increasing sales revenue).
