Answer:
The recent loss of 440 manufacturing jobs at Ford Australia has generated a lot of debate about the long-term viability of the Australian car industry, and manufacturing in general. This debate has included arguments that manufacturing is important and needs more government support. It has also seen some commentators argue that Australian’s have no right to expect jobs in manufacturing.
While most of this debate has focused on the automotive manufacturing sector, there is a wider question that needs to be answered. This relates to the issue of whether it is feasible for an advanced economy to grow and prosper without a manufacturing sector?
Explanation:
Answer:
Migration refers to the movement of a group of people from one geographical region (location) to another geographical destination in search of better living conditions, work or social amenities.
Explanation:
Migration refers to the movement of a group of people from one geographical region (location) to another geographical destination in search of better living conditions, work or social amenities.
Migration selectivity can be defined as the likelihood or tendency that a subset (part) of a group of people are going to move (migrate) out of a particular geographical location or area.
Some of the factors that influence migration selectivity are income level, age, education, gender etc.
One way migration affects various locations across the world such as Texas, Brazil, Paris, Rome, Stuttgart, Kyiv, etc., includes the establishment of different restaurants. For example, the establishment of KFC, McDonalds, Mr Biggs were influenced by the migration of people across European cities and as such served as tourist attraction centers, thus, positively affecting the character of these places.
Answer:
Operating income increases by $40,000.
Explanation:
Given that,
Total fixed costs = $840,000
Sale price per unit = $60
Variable cost per unit = $30
Additional amount spend on advertising = $35,000
Sales volume would increase by 2,500 units.
Contribution margin:
= Sales - Variable costs
= $60 - $30
= $30 per unit
Increase in operating income:
= Increase in contribution margin - Increase in Fixed costs
= ($30 × 2,500 units) - $35,000
= $75,000 - $35,000
= $40,000
Answer:
$24,705.8
Explanation:
To find the answer, we will use the present value of an annuity formula:
PV = A (1 - (1 + I)^-n / i
Where:
- PV = Present value of the investment (in thise case, the cost of the car)
- A = Value of the annuity (the monthly payments)
- i = Interest Rate
- n = number of compounding periods
The monthly payments are an annuity: they are periodic, fall under the same interest rate, and have the same value, therefore, if we find the value of the annuity, we will find the value of the first monthly payment at the same time (both things are the same):
Plugging the amounts into the formula we obtain:
9,000 = A ( 1 - (1 + 0.072)^-36 / 0.072
9,000 = A (12.75)
9,000 / 12.75 = A
705.88 = A
Now, to find the full value of the loan, we multiply the annuity value for 36, because that value will be paid 36 times until the loan is completed:
Full value of the loan = 705.88 x 36
= 25,411.68
Finally, to find the loan balance after the first payment, we take the full value of the loan, and substract the value of the annuity from it:
Loan balance after first payment = 25,411.68 - 705.88
= 24,705.8
NBT bank of america on Mohawk Street
