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Nataly [62]
3 years ago
9

Karl Yates needs ​$24,000 to pay for the remodeling work on his house. A contractor agrees to do the work in 10 months. How much

should Karl deposit at 7.4​% in order to accumulate the ​$24,000 by that​ time?
Business
1 answer:
vlabodo [156]3 years ago
7 0

Answer:

$22614 needs to be deposited today.

Explanation:

Let x be the amount we will initially invest. The investment will be made for 10 months while the interest rate given here as 7.4% is the annual interest rate.

So,

  • 24000 = x * ( 1 + 0.074 )^10/12
  • 24000 / ( 1 + 0.074)^10/12 = x
  • x = $22613.84 rounded off to $22614

Thus if Karl makes an initial investment of $22614  at 7.4% annual interest rate, then he will be able to withdraw a combined Principal + Interest of $24000 after 10 months.

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when a firm with market power produces less than the socially efficient level of output, there would be to society of producing
Hoochie [10]

A company with market power produces much less than the socially efficient level of output, there would be to society of producing one more unit: The boom or lower inside the total production cost if the output of one unit is extended is the marginal cost of manufacturing.

Market power refers to the capacity of a company (or organization of firms) to elevate and preserve a rate above the extent that would be triumphant under opposition and is referred to as market or monopoly energy. The workout of marketplace energy leads to reduced output and a lack of economic welfare.

In economics, market power refers to the potential of a firm to steer the rate at which it sells products or services by means of manipulating either the supply or demand of the services or products to grow monetary profit.

An instance of market power is Apple Inc. within the smartphone marketplace. although Apple cannot absolutely manage the market, its iPhone product has a big amount of market proportion and consumer loyalty, so it has the ability to have an effect on average pricing inside the smartphone marketplace.Monopoly/marketplace electricity. is wherein one vendor dominates the marketplace, can control fees & prevent new competition from entering the market? Externalities. correct or terrible aspect impact of manufacturing or intake which influences folks that aren't directly worried.

Learn more about market power here: brainly.com/question/16180053

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6 0
2 years ago
The common stock of Shaky Building Supply has a beta that is 22 percent greater than the overall market beta. Currently, the mar
Bess [88]

Answer:

11.7%

Explanation:

The common stock of a shaky building has a beta of 22%

The market risk premium is 9.56%

The US treasury bill is 3.3 %

Therefore the cost of equity can be calculated as follows

= 3.3/100 + (1+22/100)(9.56)

= 0.033 + (1+0.22)(9.56)

= 0.033 + 1.22×9.56

= 0.033 + 11.6632

= 11.7%

5 0
3 years ago
*Will award Brainliest if right!*
Serhud [2]

Answer:

https://quiz   let.co  m/96700748/chapter-4-flash-cards/

Explanation:

Link above provides answers

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8 0
2 years ago
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Midwest Corporation has provided the following data concerning manufacturing overhead for 2020: Two jobs were worked on during t
olganol [36]

Answer:

$16.00

Explanation:

Predetermined manufacturing overhead rate = Budgeted Overheads ÷ Budgeted Activity

therefore,

Predetermined manufacturing overhead rate = $32,320 ÷ 2,020

                                                                            = $16.00

Applied overheads = Predetermined manufacturing overhead rate x Actual activity

therefore,

Applied overheads = $16.00 x 2,410 = $38,560

Conclusion :

Under-applied overheads = $72,200 -  $38,560

                                           = $33,640

the predetermined manufacturing overhead rate per direct labor hour for the year is  $16.00

4 0
3 years ago
Suppose an increase in interest rates causes rising unemployment and falling output. to counter this, the federal reserve would
weqwewe [10]
Most likely A) increase money supply, because they are capitalism economy. The federal reserve is in charge of all the country's Capitol, or: resources and money.
(but for a country that is more sympathetic to the people it would be B) because it would increase social security nets like welfare)
8 0
3 years ago
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