Answer: Japan ; Japan
Explanation:
Absolute advantage in the production of a good means that one is able to produce more of the good in a certain period of time. This can also mean that they take a shorter time to produce a single unit of a good.
Going by this definition, Japan has an absolute advantage in the production of both sedans and trucks because they take less time to produce both types of vehicles which means that they can produce more of both than the United States if given a certain period of time.
Answer:
$35,000
Explanation:
We can use the following simple formula:
Beginning retained earnings balance = Ending retained earnings balance − Net Income + Dividends
Therefore,
Net Income = Ending retained earnings balance - Beginning retained earnings balance + Dividends
Net Income = $82,000 - $55,000 + $8,000
Net Income = $35,000.
Therefore, net income is equal to $35,000.
<span>This individual seeks a rational way to achieve personal gratification. In this Freudian principle it is generally thought that the ego is able to control the pleasure seeking part of the human component (known as the id). This control enables the human to live within reality in a rational way; to meet the needs and demands of the surrounding world.</span>
Answer:
Present Value= $11,523.99
Explanation:
Giving the following information:
Oven looks at his account and notices that if the current monthly interest rate stays constant he is expected to have $45,000 in 6 years and $89,000 in 9 years.
First, we need to calculate the interest rate compounded monthly using a variation of the future value formula:
FV= PV*(1+i)^n
Isolating i:
i= [(FV/PV)^(1/n)] - 1
FV= 89,000
PV= 45,000
n= 3*12= 36
i= [(89,000/45,000)^(1/36)]-1= 0.0191
i= 0.0191*100= 1.91% compunded monthly
Now, we can calculate the present value:
PV= FV/(1+i)^n
n= 6*12= 72
i= 0.0191
PV= 45,000
PV= 45,000/(1.0191^72)
PV= 11,523.99
Compound interest is the term in which it is added to the principal amount in a retirement account as time passes by. It is often the called the "interest on interest." It is accumulated during the past deposits that had taken place over a period of time.
