Answer:
8.6% APR, compounded monthly
Explanation:
Effective annual rate = ( 1 + periodic interest rate)^m - 1
8.6% APR = (1.007167)^12 - 1 = 0.089472 = 8.95%
m = number of compounding = 12
periodic interest rate = 8.6% / 12 = 0.717%
8.5% APR = (1.000233)^365 - 1 = 0.088706 = 8.87%
m = number of compounding = 365
periodic interest rate = 8.5% / 365 = 0.02329%
I would prefer the 8.6% APR, compounded monthly because the effective annual rates are higher
Answer:
E. a 17-year-old single parent who has just been laid off and is looking for a new job
D. a student who quit college to look for a modeling job in New York
Explanation:
who <u>would </u>be counted as unemployed?
The unemployed rate only considers unemploye people in the labor force who is actively looking for a job currently.
<u>A and C:</u> As this lady cease to looking for a job it will not be considered part of the labor force same case for the student. Is not part of the labor force as it not looking for a job right now,
<u>F and G: </u>these people are employeed so count as employees.
B. an able-bodied 53-year-old who took an <u>early retirement</u> package from her employer Is retired and we aren't given with the information is looking for a job. So, it will not count as unemployeed
D and E are both willing to work and are looking actively for a job.
Thus, they count as unemployed.
Answer:
$8.00 per item
Explanation:
A company makes product and its 3% of products are faulty. There is no other quality inspection test which can identify the faulty products during the manufacturing process. The faulty products are only identified when the customer arrives to return it. The faulty product costs the company $200 each and company wants to make profit of $2.00 per item. It should charge price of $8.00
The calculation is as follows,
let selling price is 
- (0.03 * 200) = 2.00
after rearranging the equation we get;
= 2 + 6
= 8
Answer:
The correct answer is:
5.0 percent deflation between the first and second years, and 3.0 percent deflation between the second and third years. (a)
Explanation:
to calculate the percentage deflation, we will simply calculate the percentage change in price between the years stated. This is calculated as follows:
% change = 
Note that the negative sign shows a deflation.
if you use the same method for years two and three, you should get -3%, using P₁ as 142.5 and p₂ as 138.2. Hence option 'a' is correct.