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3 years ago

6

Suppose that an economy's labor productivity and total worker-hours each grew by 3 percent between year 1 and year 2. we could c

onclude that this economy's:

1 answer:

goldenfox [79]3 years ago

5 0

Production possibilities curve shifted outward

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You have won the lottery. You will receive $5,500,000 today, and then receive 40 payments of $1,900,000. These payments will sta

san4es73 [151]

Answer:

no, you shouldn't take the offer because the present value of your prize is higher than $35 million.

Explanation:

we must first calculate the present value of the annuity in 6 months. The effective interest rate per year = (1 + 9%/365)³⁶⁵ - 1 = 1.094162145 - 1 = 0.094162145 = 9.4162145

the discount rate for every 6 months:

0.094162145 = (1 + r)² - 1

1.094162145 = (1 + r)²

√1.094162145 = √(1 + r)²

1.046022058 = 1 + r

r = 0.046022058 = 4.6%

now the present value of the annuity in 6 years = $1,900,000 x (annuity factor, 4.6%, 40 periods) = $1,900,000 x 18.14185 = $34,469,515

then we must find the present value = $34,469,515 / 1.046 = $32,953,647.23

the total value of your prize = $32,953,647.23 + $5,500,000 = $38,453,647.23

6 0

3 years ago

The financial records of Sunland Inc. were destroyed by fire at the end of 2020. Fortunately, the controller had kept certain st

Scrat [10]

Answer:

<u>Sunland Inc.</u>

<u>Income statement for the year 2020</u>

Sales $1,100,000

Less Sales Discounts ($18,700)

Net Sales $1,081,300

Less Cost of goods sold ($440,000)

Gross Profit $641,300

Less Expenses

Administrative expenses ($440,000 x 20%) ($88,000)

Interest expense ($18,000)

Net Profit before tax $535,300

Income tax expense ($535,300 x 30%) ($160,590)

Net Profit after tax $374,710

Explanation:

The Income Statement shows the Profit earned during the Reporting Period. Only Revenues or Incomes and Expenses are recorded in this Statement.

Using the amount of admin expenses to fin the Gross Sales we have :

Gross Sales = 100 / 8 x $88,000 = $1,100,000

6 0

3 years ago

Given the general agreement that pollution is undesirable and social welfare is increased by reducing pollution, the optimal lev

Gnoma [55]

Answer:

the level of pollution at which the marginal social cost of pollution is equal to the marginal social benefit of pollution.

Explanation:

Pollution can be defined as the physical degradation or contamination of the environment through an emission of harmful, poisonous and toxic chemical substances.

Generally, it has been proven beyond reasonable doubt that pollution is undesirable to living organisms such as humans, plants and animals in an environment.

Furthermore, we know and agree that social welfare of the people living across the world is increased by reducing pollution.

Hence, the optimal level of pollution in a society is the level of pollution at which the marginal social cost of pollution is equal to the marginal social benefit of pollution.

7 0

2 years ago

Martin owns his own motorcycle and ATV store. He notices that many of his customers talk about golf while in his store. He quick

Mekhanik [1.2K]

Answer:

The correct answer is have the ability to quickly adapt to change.

Explanation:

The scientific literature on organizational management shows how the complexity in which business is developed today forces organizations to deal with a hyper-competitive environment in which changes occur at a speed not previously known. In this context, the interest in the dynamics that organizations develop in order to adapt in this changing environment has gained extraordinary interest in recent decades. Thus, the pace with which organizations manage to adapt to changes, supported by their processes and their human capital, is revealed as essential for their survival and success.

From the point of view of organizational behavior, we would define the ability to adapt as the ability of organizations to change themselves in order to cope with the non-predicted changes that occur in their context of action. That is to say, to adapt is to vary the way in which the organization behaves to deal with those changes that were not precisely foreseen when the organization was designed.

4 0

3 years ago

When a firm initiates a price decrease, it must seriously consider how competitors will react. although not all competitors are

Anika [276]

The firm initiates a price decrease, their projection on the competitors' reaction is they will also decrease their price to level with them. Starting a price decrease will affect the whole market of like products. Also, another angle that they considered is they will be reprimanded by their regulatory board.

3 0

3 years ago