Answer:
The amount to save now is = $862.03 (to 2 decimal places)
Explanation:
In order to solve this, we will compute the end-of-year amounts using the 5% increase each year. This is done as follows:
Year 1 ending = $200
Year 2:
Year 2 beginning price = $200
Note that 5% increase = 5/100 = 0.05
increase in year 2 = 5% of 200 = 0.05 × 200 = 10
Year 2 new price = 200 + 10 = $210
Year 3:
beginning price = $210
increase in year 3 = 0.05 × 210 = $10.5
Year 3 new price = 210 + 10.5 = $220.5
Year 4
beginning price = $220.5
interest in year 4 = 0.05 × 220.5 = 11.025
new price in year 4 = 220.5 + 11.025 = $231.525
Next to calculate the amount needed to pay for one travel ticket per year for the next four years, we will add the prices of the tickets each year as follows:
Total amounts needed = 200 +210 + 220.50 + 231.53 = $862.03
Answer:
Considering selling the items and donating cash instead
Answer:
- deprecation of the building: INDIRECT COSTS
- costs of costume jewelry on the mannequins in the juniors department
: DIRECT COSTS
- cost of bags used to package customer purchases at the main registers for the store
: INDIRECT COSTS
- the median kohl's store manager salary: INDIRECT COSTS
- cost of the security staff at the medina store
: INDIRECT COSTS
- manager of juniors department: DIRECT COSTS
- junior department sales clerks
: DIRECT COSTS
- cost of juniors clothing: DIRECT COSTS
- cost of hangers used to display the clothing in the store
: INDIRECT COSTS
- electricity used for the building
: INDIRECT COSTS
- costs of radio advertising for the store: INDIRECT COSTS
- juniors clothing buyers' salaries (these buyers buy for all the juniors departments of kohl's store): INDIRECT COSTS
Explanation:
Indirect costs cannot be directly traced to a cost object, while direct costs can be directly traced. Usually direct costs tend to vary depending on total output, while indirect costs tend to be fixed.
Answer: 1,448
Explanation:
The Herfindahl Hirschman Index (HHI) is used to show how concentrated an industry is. A lower score indicates that the industry is not very concentrated because there are multiple firms involved.
A higher score shows that the industry is concentrated and controlled by a few firms.
HHI = ∑ square of every firm market share
= 12² + 13² + 14² + 15² + 16² + 17² + 13²
= 1,448
This industry is relatively competitive.
Answer:
<h2>In this particular market,producers or suppliers will bear the burden of the excise tax.Hence,the correct answer is option c. or producers.</h2>
Explanation:
In the market specified in the question,price elasticity of demand is relatively elastic and the price elasticity of supply is relatively inelastic.It essentially implies that the consumers are relatively more price elastic or price sensitive compared to the suppliers in the market.Hence,consumers will be more reactive to any change in price of the good than the sellers in the market.In this scenario,if the excise tax is imposed on the consumers,they will be understandably reluctant to bear the burden of higher price of the good due to the imposition of the tax and consequently,due to the relatively higher price elasticity of demand,the consumer demand for the product would fell significantly.Now,since the producers are relatively less price elastic or sensitive than the consumers,a higher good price due to the imposition of the tax won't affect the supply level as much as the consumer demand.Therefore,in this case,due to the difference in the price elasticity of demand and supply,the producers or suppliers will bear the burden of the excise tax.
