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weeeeeb [17]
3 years ago
9

You have just deposited $8,500 into an account that promises to pay you an annual interest rate of 6 percent each year for the n

ext 6 years. You will leave the money invested in the account and 10 years from today, you need to have $19,320 in the account. What annual interest rate must you earn over the last 4 years to accomplish this goal? Select one: 12.51% 11.55% 11.37% 14.07% 10.01%
Business
1 answer:
Pachacha [2.7K]3 years ago
8 0

Answer:

12.51%

Explanation:

after the first 6 years, you will have:

FV = PV (1 + r)ⁿ

  • PV = $8,500
  • r = 6%
  • n = 6

FV = $8,500 (1 + 6%)⁶ = $12,057.41

If you need to have $19,320 in 4 years, then you must determine r:

$19,320 = $12,057.41 (1 + r)⁴

$19,320 / $12,057.41 = (1 + r)⁴

1.6023 = (1 + r)⁴

⁴√1.6023 = 1 + r

1.1251 = 1 + r

1.1251 - 1 = r

0.1251 = r

r = 12.51%

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If the Market Equilibrium Wage Rate is $105.00 and FC = $1500.00: A. The firm Shuts Down and hires no workers and loses $1500.00
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Answer: B. The firm hires 45 workers and earns a $1200.00 Economic Profit

Explanation:

According to the table, when the Market Equilibrium Wage Rate is $105, the number of workers to hire would be 45 and the revenue would be $7,425.

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3 years ago
What role, if any, should the U.S. government take in this issue of setting fair wages in developing countries?
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Answer:

Corporations of the United States should be tracked by the U.S government to ensure that workers' rights in developing countries should not be compromised.

Explanation:

In many developing countries political leaders are afraid that if wage rates are enforced on big corporations they could be forced off global markets. Foreign investment capital is significant to the economy of developing countries and there is always fear that the loss of such investment may break the economies of these countries. The government of the U.S should ensure vigorous monitoring programs that require businesses to report the location of international factories publicly so that human rights organizations can track their actions independently.

3 0
3 years ago
Sewtfi861 Corporation makes an extra large part to use in one its fabulous products. A total of 16,000 units of this extra large
LenKa [72]

Answer:

The annual financial disadvantage is $62,560

Explanation:

<u>Analysis of the Costs of Producing Internally and Buying from External Supplier.</u>

                                                    Producing Internally       External Supplier

Direct materials                                      $3.50                                  $0

Direct labor                                             $8.10                                   $0

Variable manufacturing overhead        $8.60                                  $0

Supervisor's salary                                 $4.00                                  $0

Depreciation of special equipment       $2.40                                  $0

Allocated general overhead                  $7.60                               $7.60

Extra contribution                                     $0                                  ($2.19)

Purchases Cost                                        $0                                   $32.70

Product Cost                                          $34.20                              $38.11

<u>Conclusion :</u>

We can see that the Product Cost to produce the part internally costs $3.91 less than the cost to purchase from external supplier. Therefore Sewtfi861 Corp has a disadvantage.

Annual disadvantage =  16,000 units × $3.91

                                    =  $62,560

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