Answer:
B. $323,900.00
Explanation:
Nper = 300 periods
Rate = 8%/12
FV = 0
PMT = $2500
Amount to be Accumulated = PV(Rate,Nper,PMT,FV)
= PV(8%/12,300,2500,0)
= $323911.31
Therefore, The amount to be accumulated by the beginning of retirement to provide a $2,500 monthly check that will last for 25 years is $323,900
.
Money is best defined as whatever serves society in three functions: medium of exchange, store of value, and unit of account.
Barter is best defined as a situation where two individuals each want some or service that the other can provide.
A double coincidence of wants is a situation where two individuals each want some or service that the other can provide.
<h3>What is money?</h3>
Money is anything that is accepted by the general public as a means of payment for products and for repayment of debt.
<h3>What are the functions of
money?</h3>
- Medium of exchange : money can exchanged for goods and services.
- Unit of account : money can be used to determine the value of goods and services
- Store of value : money can retain its value over the long term.
<h3>What is barter?</h3>
Barter is when people exchange goods with goods. For barter to occur, there has to be a double coincidence of wants. This means that someone has to have what you want and that person wants what you have.
To learn more about money, please check: brainly.com/question/940436
Answer:
$429,560
Explanation:
Present value will be calculated through the PV formula,
r = 15%
C1 = $79,000 ,C2 = $112,000 ,C3 = $164,000 ,C4 = $84,000 ,C5 = $242,000
Substituting the values in the formula,
PV = 68,695.66 + 84,688 + 107,838 + 48,030.2 + 120,338.14
PV = $429,560
The present value of the cash flows of Nutech Corp. over the next five years is $429,560.
Answer:
Thus to maximize profit, Santora Company should manufacture Bread machine only.
The unit of Bread machine can be produced in 2,000 machine hours is 8,000 units
Explanation:
The profit for Toaster Ovens and Bread Machines is $10 and $90 respectively; thus
six toaster ovens per machine hour will generate profit of $60 = ($10 *6)
four bread machines per machine hour will generate profit of $360 = ($90 *4)
In the same machine hour the profit from Bread machines are significantly higher then Toaster over. Thus to maximize profit, Santora Company should manufacture Bread machine only.
The unit of Bread machine can be produced in 2,000 machine hours is 8,000 units (= 2,000 * 4)
The profit for 8,000 units of Bread machine is $720,000 = (8,000 * $90)
Answer:
scarcity.
Explanation:
Scarcity can be defined as an economical problem that gives the relationship between non-renewable (limited) resources and the limitless wants and needs of consumers.
Basically, it's very important that producers of goods and services make decisions that would help them on how to efficiently allocate scarce or limited resources, in order to meet the unending requirements, wants and needs of consumers.
In Economics, an example of scarcity is that most of the resources used for the manufacturing of finished goods and services are nonrenewable, and as a result, the wants and needs of the end users or consumers are limited. Thus, economists would advise that economies should decide on what to produce, how to produce, when to produce and for whom to produce due to the finite and limited nature of resources i.e the concept of scarcity.
