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Svetllana [295]
3 years ago
9

Scenario: You have advised the owner of Bond's Gym that the best thing to do would be to raise the price of a monthly membership

. The owner wants to know what may happen once this price increase goes into effect. What will most likely occur after the price of a monthly membership increases? Check all that apply. Current members will pay more per month. The quantity demanded for memberships will decrease. The number of available memberships will increase. The owner will make more money. Bond's Gym will receive more membership applications.
Business
2 answers:
Lyrx [107]3 years ago
7 0

Current members will pay more per month.

The quantity demanded for memberships will decrease.

The owner will make more money.

Nikitich [7]3 years ago
6 0

Answer:

Current members will pay more per month.

Demand for memberships will decrease.

The owner will make more money.

Explanation:

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If an investment of $35,000 is earning an interest rate of 8.00%, compounded annually, then it will take for this investment to
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Answer:

Therefore the required time period is 3 years.

Explanation:

To calculate the number of period we are using the following formula of future value

Future value = C_0(1+r)^n

C_0 is cash flow at period 0= $ 35,00

r = rate of interest = 8.00% = 0.08

n= number of periods = ?

Future value = $44,089.92

Substituting the values in the formula

44,089.92= 35,000(1+0.08)^n

\Rightarrow (1+0.08)^n=\frac{44089.92}{35000}

\Rightarrow(1.08)^n = 1.259712

\Rightarrow (1.08)^n=(1.08)^3

\therefore n= 3

Therefore the required time period is 3 years.

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3 years ago
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An effective minimum wagea. imposes a price ceiling on the wages of various categories of low-skill workers.b. increases the dem
Strike441 [17]

Answer:

d. increases the earnings of some low-skill workers while reducing the employment and training opportunities available to others.

Explanation:

Minimum wage is a form of price floor. It is the lowest amount that should be paid to labour for their services rendered. It is usually set by the government or an agency of government.

Minimum wage causes supply of Labour to exceed demand for Labour. Firms would demand less of Labour because of higher cost of Labour. Decreased demand for Labour would increase unemployment.

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5 0
3 years ago
What must be the price of a $10000 bond with a 6.8% coupon rate, semiannual coupons, and eight years to maturity if it has a yie
Neko [114]

Answer:

Coupon (R) = 6.8% x 10,000 = $680

Face value (FV) = $10,000

Number of times coupon is paid in a year (m) = 2

No of years to maturity = 8 years

Yield to maturity (Kd) = 8% = 0.08

Po = R/2(1- (1 + r/m)-nm) +  FV/ (1+r/m)n m

                      r/m

Po = 680/2(1-(1+0.08/2)-8x2) + 10,000/(1 + 0.08/2 )8x2

                          0.08/2                              

Po = 340(1 - (1 + 0.04)-16)    + 10,000/(1 + 0.04)16

                      0.04                            

Po = 340(1-0.5339) + 10,000/1.8730

                 0.04

Po = 3,961.85 + 5,339.03

Po = $9,300.88

Explanation:

The current market price of a bond is a function of the present value of semi-annual coupon and present value of the face value. The present value of semi-annual coupon is obtained by multiplying the coupon by the present value of annuity factor at 8% for 8 years. The present value of face value is obtained by discounting the face value at the discount factor for 8 years. The addition of the two gives the present value of the bond. All these explanations have been captured by the formula.

3 0
3 years ago
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