For this case we have an equation of the form:
Where,
A: initial amount
b: growth rate
x: number of years
Substituting values we have:
By the time the earnings increase to 75000 we have:
From here, we clear x:
Answer:
you will have to wait until 23.95 years your winnings are worth $ 75,000
Answer:
Pricing
Explanation:
4 ingredients of marketing mix are Pricing, Product, Place and Promotion(the 4Ps).
Pricing- is for determining the value that is put on a product including rebates. Deciding the correct intrinsic value of a product puts a lot of factors into consideration like the target market, the consumer willingness to pay, whether it is sufficient enough for the company to make a profit out of it.
Product - answers the <em>what</em>; the actually good or service being offered for sale.
Place- answers the <em>where; </em>the location of product so customers can buy it.
Promotion- any activities to inform the target market that the product exist, how to use it etc. this includes advertisement, word of mouth among others.
Answer:
D. The interest income will be greater in the third year than in the first year.
Answer:
Punching machine
Explanation:
The computation is shown below:
Punching actual output = Both punching and the binding output + punching output
= 8,000 + 5,000
= 13,000 pages per hour
But the punching machine process to 15,000 pages per hour
Now the utilization rate of punching is
= 13,000 ÷ 15,000
= 0.867 pages per hour
Now for binding
The actual output is 8,000 pages per hour
Binder processing to 10,000 pages per hour
So, the utilization rate is
= 8,000 ÷ 10,000
= 0.8 pages per hour
As we can see that the utilization rate of punching is higher that results the bottleneck
