<span>Use the PV of an Annuity tables, where PV is $1,000, Annuity is $20, and Rate is 1.5%. But remember that the equation for this table is PV = Annuity x Factor. Since we know the PV and the Annuity, solve for the Factor.
PV / Annuity = Factor, so $1,000 / $20 = 50 (the Factor). From the table, find where a Factor of 50 meets a rate of 1.5%. A factor of 49.9724 appears at 1.5% and 93 Periods.
The formula for the PV of an Annuity is (1 - 1 / (1 + r)^n) / r. So 1,000 = (1 - 1 /(1.015)^n / .015.
To solve for n gets too difficult</span>
The distinguishing feature of many firms that pursuing an <u>international</u> strategy is that they are selling a product that serves universal needs, but they do not face significant competitors.
An international strategy is a business strategy which is created by a company to do its business in international markets. Thus, this strategy serves universal needs as they do not face significant competitors.
An international strategy requires analyzing the international market, defining goals, studying resources, understanding market dynamics & develop offerings. Firms pursuing an international strategy are not confronted with pressures to reduce their cost structure.
Hence, the answer is given and explained above.
To learn more about international strategy here:
brainly.com/question/15860574
#SPJ4
The lesson of new classical economics for policymakers is that managing aggregate supply has an effect on real GDP only if change is unexpected.
Option a
<u>Explanation:</u>
Aggregate Supply curve defines the relationship between the output quantity and the price levels. If short-run curve shifts to the right, GDP increases and price level decreases and if it shifts to the left, GDP decreases and price level increases.
The reason is as follows,
Since the Aggregate Supply curve at full employment level of output is vertical, any changes in Aggregate Demand will only affect price and not real GDP. However, any unexpected changes in Aggregate Supply will influence real GDP.
Answer:
Option A is correct
OAR = $10.5 per hour
Explanation:
Overhead absorption rate(OAR) = Estimated overhead/Estimated labour hours
Estimated labour hours = (4×1,000) + (3×2,000)=10,000 hours
OAR = $105,000/10,000 hours = $10.5 per hour
OAR = $10.5 per hour