Currently I am a family team member and over the summer I’m hoping to get a job at a local super market to start making money for myself
Answer:
It will take up to 3 years for the total interest to exceed $5.00
Explanation:
The future value of an investment whose interest is compounded continuously can be expressed as;
A=P e^(rt)
where;
A=future value of the investment
P=initial value of investment
r=annual interest rate
t=number of years
In our case;
A=Initial value+interest=(100+5)=$105
P=$100
r=2.4%=2.4/100=0.024
t=unknown
replacing;
105=100 e^(0.024 t)
e^(0.024 t)=105/100
e^(0.024 t)=1.05
ln {e^(0.024t)}=ln 1.05
0.024 t ln e=ln 1.05
but ln e=1
0.024 t=ln 1.05
t=ln 1.05/0.024
t=2.03 years rounded up=3 year
It will take up to 3 years for the total interest to exceed $5.00
Answer:
a. $16,350.
Explanation:
The computation of the advertising expense to Department T based on departmental sales is shown below:
= Total advertising expenses × Department T Sales ÷ total sales
= $37,000 × $212,550 ÷ $481,000
= $16,350
By multiplying the total advertising expenses with the department T sales and then divide it by the total sales we can get the allocation amount
Answer:the theory or practice of shielding a country's domestic industries from foreign competition by taxing imports
Explanation:
When the price of a commodity is $11, where 1250 units are being bought and sold in a perfectly competitive market, the market price of the commodity will increase from its original price if the market is monopolized.
<h3>What is a perfectly competitive market?</h3>
In a market where there are less to zero restrictions for entry and exit of buyers and sellers in the market dealing in similar commodities, then such a market is known as a perfectly competitive market.
There is no pricing power in the hands of the buyers and sellers in the market, as there is no minimum or maximum limit on the number of sellers in the market, so the supply is not restricted in such a market.
Hence, it can be concluded that market prices are stable in a perfectly competitive market, and it generally increases in a monopolistic market.
Learn more about a perfectly competitive market here:
brainly.com/question/13961518
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