<span>If the interest rate is 10%, the factor for the future value of annuity due of 1 for n = 5, i = 10% is equal to the factor for the future value of an ordinary annuity of 1 for n = 5, i = 10%
</span><span>multiplied by 1.10.</span>
Answer:
The price elasticity of demand is -1.81.
Explanation:
At price level $9 the quantity demanded is 250.
At the price level $8, the quantity demanded is 300.
The price elasticity of demand will be
=
=
=
=
=
= -1.81
Answer:
The correct answer is "$120,250".
Explanation:
The given values are:
Opening inventory
= $38,500
Closing inventory
= $15,250
Purchases
= $97,000
Now,
The cost of materials used during the month of February will be:
= Opening Inventory + Purchases - Closing Inventory
On putting the estimated values in the above formula, we get
=
= ($)
Population - 50,000Employed - 46,000Students not looking for work - 2,000
To calculate Boone's unemployment rate you'll use the formula: Unemployment rate = number of people unemployed / labor force
Those that fall into the unemployment category are those that are not working but are actively looking/wanting to work. Students, stay-at-home moms etc that are not wanting to work, though unemployed, to not fall into this category.
The labor force is made up of everyone willing and able to work.
First, let's subtract the students who are not looking for work from the population so get the labor force. 50,000 - 2,000 = 48,000 (labor force)
Next, to get the number of people unemployed let us subtract the labor force of 48,000 by those already employed of 46,000. 48,000 - 46,000 = 2,000
Finally, we are able to calculate the unemployment rate of Boone. Unemployment rate = number of people unemployed / labor forceUnemployment rate = 2,000/48,000= .042 multiply by 100 to get the percentage. 4.2%Unemployment rate of Boone is 4.2%