Answer:
$406.07
Explanation:
Revenue for year 1 = $100
Profit = 20%
Growth rate of revenue, = 15% per year = 0.15
Now,
year 1 is the base year thus, take it as n = 0
Revenue for the year = $100 × ( 1 + r )ⁿ
Profit = 20% of [$100 × ( 1 + r )ⁿ]
Year n Revenue Profit
1 0 $100( 1 + r )⁰ $20
2 1 $100( 1 + r )¹ $23
3 2 $100( 1 + r )² $26.45
4 3 $100( 1 + r )³ $30.4175
5 4 $100( 1 + r )⁴ $34.98
6 5 $100( 1 + r )⁵ $40.227
7 6 $100( 1 + r )⁶ $46.261
8 7 $100( 1 + r )⁷ $53.2004
9 8 $100( 1 + r )⁸ $61.1804
10 9 $100( 1 + r )⁹ $70.357
Hence,
Total profit for the year 1 - 10 = $406.07
Hey I think A production–possibility frontier or production possibility curve is a curve which shows various combinations of set of two goods which can be produced with the given resources and technology where the given resources are fully and efficiently utilised per unit time
Answer:
a. automatic stabilizers.
b. automatic stabilizers.
Discretionary spending
Discretionary spending
Explanation:
Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments
In an expansion, progressive tax increases the tax paid and this reduces disposable income
In a contraction, tax paid is reduced and this increases disposable income
Discretionary fiscal policies are deliberate steps taken by the government to stimulate the economy in order to cause the economy to move to full employment and price stability more quickly than it might otherwise.
Discretionary fiscal policies can either be expansionary or contractionary
Expansionary fiscal policy is when the government increases the money supply in the economy either by increasing spending or cutting taxes.
Contractionary fiscal policies is when the government reduces the money supply in the economy either by reducing spending or increasing taxes
Answer and Explanation:
The preparation of the cost of goods sold is presented below:
Cost of goods sold statement
Opening inventory $17,200
Add:
Purchase $149,000
Freight in -$4,350
Less:
Purchase Return -$2,000
Less:
Closing inventory -$23,000
Cost of goods sold $136,850
Answer:
Identifying a target market allows marketers to focus on those most likely to purchase the product. Limiting the population funnels research and budgets to the customers with the highest profit potential
