Answer:
7.9%
Explanation:
The rate of return is the ratio of return to the amount invested.
Since the property earns $4,650 per month,
Therefore;
$4,650 × 12 = $55,800
To get the annual rate of return,
= Monthly returns on property/Value of profit×100%
= $55,800/$710,000
=7.9%
Answer: Cross Shopping
Explanation: Cross shopping is a technique there a single consumer plays around different suppliers to get the goods of his/her liking. It involves having conflicting needs and purchasing premium and budget products. In this case,Calvin loves eating at mcdonald's claiming they have the best fries, but for dessert he likes to eat cakes only at kaminsky's. Since, Calvin is shopping from different suppliers to get the products of his liking his behavior will be called cross shopping.
Answer:
.A) $1, 920,000
Explanation:
Gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.
Nominal GDP is the GDP of country using current year prices
Nominal GDP = current year price × quantity
(6000 × 320) = $1,920,000
I hope my answer helps you
Answer:
Interest earn= $80.14
Explanation:
Giving the following information:
PV= $1,000
i= 7%
n= 3
<u>First, we will calculate the future value at the second year:</u>
FV= PV*(1+i)^n
FV= 1,000*(1.07^2)
FV= 1,144.9
<u>Now, for the third year:</u>
FV= 1,144.9*1.07= 1,225.04
Interest earn= 1,225.04 - 1,144.9= $80.14
Answer:
Economies of Scale refer to the cost advantage experienced by a firm when it increases its level of output. The advantage arises due to the inverse relationship between per-unit fixed cost and the quantity produced. The greater the quantity of output produced, the lower the per-unit fixed cost.
Explanation:
