When you invest your money, it is likely that in future your purchasing power will A. go up and down.
<h3>What will happen to your purchasing power?</h3>
If you invest your money today, there is a chance that you will get back more money than you deposited, or less than you deposited.
This means that you will either have more money or less money to purchase goods and services. In other words, your purchasing power will go up and down.
Find out more on purchasing power at brainly.com/question/2286004.
Answer:
A) $24,602
Explanation:
We can solve this question by finding the periodic deposits needed by using the formula:
![FV=PMT*\frac{(1+i)^n-1}{i}](https://tex.z-dn.net/?f=FV%3DPMT%2A%5Cfrac%7B%281%2Bi%29%5En-1%7D%7Bi%7D)
where:
FV= future value = $220,000
PMT = periodic deposits required = ???
i = effective interest rate per period = 0.0331
n= number of deposits = 8
However, since the interest is compounded monthly, let's also calculate the effective interest rate
Effective interest rate =
where; r = 12.5% = 0.125
![(1+\frac{0.125}{12})^{12} -1](https://tex.z-dn.net/?f=%281%2B%5Cfrac%7B0.125%7D%7B12%7D%29%5E%7B12%7D%20-1)
= 0.1324
Interest rate per period = ![\frac{0.1324}{4}](https://tex.z-dn.net/?f=%5Cfrac%7B0.1324%7D%7B4%7D)
= 0.0331
Then;
![220,000=PMT*\frac{(1+0.033)^8-1}{0.033}](https://tex.z-dn.net/?f=220%2C000%3DPMT%2A%5Cfrac%7B%281%2B0.033%29%5E8-1%7D%7B0.033%7D)
220,000 = PMT × 8.986
PMT = ![\frac{220,000}{8.986}](https://tex.z-dn.net/?f=%5Cfrac%7B220%2C000%7D%7B8.986%7D)
PMT = $ 24,482.5
Since A) $24,602 is closer to $ 24,482.5
Therefore, $ $24,602 must be deposited every three months
Answer:
b) 2,388.22
Explanation:
Activity Cost Pool Activity Rates Activity Overhead cost
Processing customer 49.87 per order 10 498.7
orders
Assembling products 2.88 per assembly hour 580 1670.4
Setting up batches 18.26 per batch 12 <u> 219.12</u>
Total Overhead cost assigned <u>2,388.22</u>
Answer: B. classification is a political issue—these groups fear that their political clout will decline if their numbers go down
Explanation:
These organisations fear that their numbers will go down because should a multiracial category be added, they will have less people classified as the races their organisation caters for. More numbers in an organisation means greater power and influence and we've seen this when large trade unions hold entire companies hostage simply because they have the numbers.
A great example would be the Ikwere people of Southern Nigeria. They share a common ancestry with the Igbos of Eastern Nigeria and generally have very similar customs. Even the language is similar and they had always been considered Igbo until after the Civil War in Nigeria broke out with the Igbos being the main rebels. With the Civil war concluded, the Federal Government officially recognized the Ikwere as an ethic group independent of the Igbo. The Ikwere occupied crude oil rich areas and this recognition therefore robbed the Igbo of valuable lands and political clout.
Whilst not strictly the same as these organisations losing people to the multiracial category, it shows what can happen to an organisation should their numbers decrease
Answer:
Profit Maximising Quantity = 775
Explanation:
Price P = 35 - 0.02Q
Total Revenue TR = Price x Quantity = P X Q
= (35 - 0.02Q)(Q) = 35Q - 0.02Q^2
Total Cost TC = 8000 + 4Q
Profit = TR - TC
[35Q - 0.02Q^2] - [8000+4Q] = 35Q - 0.02Q^2 - 8000 - 4Q
Profit Function = - 0.02Q^2 + 31Q - 8000
To find out profit maximising Quantity , we will differentiate Profit Function with respect to Q & equate it to 0.
dTR/ dQ = -0.04Q + 31 = 0
Q = 31/0.04 = 775
To verify whether 775 is profit maximising Q, we will do second derivative & check that it is negative.
d^2TR/ dQ^2 = -0.04 i.e < 0 (negative)
So 775 is profit maximising quantity