Answer:
Unemployment rate is 25%
Explanation:
The percentage of people eligible for job and not currently involved in paid work or self employed and available for work as well is called rate of unemployment. It is the percentage of people who is not currently woking seeking the job.
Labor Force = Employed persons + Unemployed persons
Labor Force = 24 million + 8 million
Labor Force = 32 million
Unemployment rate = ( Unemployed persons / Labor force ) x 100
Unemployment rate = ( 8 million / 32 million ) x 100 = 25%
Answer:
$1,241
Explanation:
For computing the net advantage to leasing first we have to determine the total cash flow from leasing and total cash flow from buying which is shown below:
For leasing:
Year Lease payment PVF at 5.8% Present value
1 $6,500 0.9452 $6,144
2 $6,500 0.8934 $5,807
3 $6,500 0.8444 $5,489
Total outflow $17,440
For buy:
Year Outflow or inflow PVF at 5.8% Present value
0 ($23,000) 1 ($23,000)
1 $1,610 0.9452 $1,522
2 $1,610 0.8934 $1,438
3 $1,610 0.8444 $1,359
Total outflow $18,681
Now the net advantage to leasing is
= Buy outflow - leasing outflow
= $18,681 - $17,440
= $1,241
Answer: True
Explanation:
The decision to purchase a good or service or a customer benefit package is totally based on the price of that package or a good and on the benefits that a consumer will received after the purchase. A rational consumer will compare the price of a good with the perceived benefits. If the perceived benefits worth greater or equal to price then a consumer may purchase that product otherwise not. Therefore, a consumer's decision is largely depend upon the ratio of price and benefits.
Checking for quality fall within MANUFACTURING AND PRODUCTION AREA while paying creditor fall within FINANCE AND ACCOUNTING AREA.
There are many functional areas in business, each functional area is responsible for performing specific functions.
Answer:
$15,000
Explanation:
Joe has sold the house he has been living in for 10 years to the Smiths family
He sold the house at $300,000
Joe receives $50,000 more than the original price bargained 10 years ago
He pays the real estate agent a commission of 5%
= 5/100
= 0.05
Therefore the increase in gross domestic product can be calculated as follows
= $300,000×0.05
= $15,000
Hence, the transaction will increase the gross domestic product by $15,000
