Answer:
grow by 5 percent
Explanation:
The quantitative theory of money (QTM) states that MV=PT (M=money supply, V=money velocity, P=price level, T=number of transactions). But normally we fin it like this: MV=PY, because the cuantitative equation assumes that the value of transactions is equal to the GDP (Y).
We want to find the equation above in terms of rate of change because the problem says money supply "grows" velocity"grows" and GDP "grows", which means we have minimum two periods of time. So, the transformed equation is: ΔM+ΔV=ΔP+ΔY.
The problem is asking for the ΔP:
ΔP=ΔM+ΔV-ΔY
ΔP= 5%+2%-2%
ΔP= 5% (It is positive, then it is growing)
Answer:
The amount of money you must save each year to meet your retirement goal is $7,462.86
Explanation:
Acording to the data, we have the following:
Future value =$590,000 , N = 30 years and I = 6%
Therefore, to calculate the amount of money you must save each year to meet your retirement goal you have to use the formula of the future value.
Future value = yearly deposit * FVIFA (N,i)
$590,000 = deposit * FVIFA (30 , 6%)
Deposit = $590,000 / 79.0582 = $7,462.86
. Money to save each year.
Answer:
A
Explanation:
According to all what Kyle said about working on a software team it shows he is enthusiastic about that job
Answer:
1.Predetermined overhead allocation rate = $2.10 per Machine Hour
2.Overhead allocated = $10,605
Explanation:
1. Predetermined overhead allocation rate
using
Estimated manufacturing overhead costs / Estimated Machine Hours = Predetermined overhead allocation rate
=<u>$9,450</u> / <u>4,500 Machine Hours</u> = $2.10 per machine hour
Therefore,
Predetermined overhead allocation rate = $2.10 per Machine Hour
2. Manufacturing overhead allocated during the year
Actual Machine Hours Used x Predetermined overhead allocation rate = Overhead allocated
<u>5,050 machine hours</u> x <u>$2.10 per Machine Hour </u>=<u> $10,605
</u>
Therefore,
Overhead allocated = $10,605
The answer is classical decision making.
Managers have access to all information and choices under the classical decision-making approach.
The classical method is also known as the prescriptive, rational, or normative paradigm. It specifies how decisions should be made in order to achieve the desired outcome. In the classical approach, decisions are rationally determined and directed toward a single, set goal. It is employed when the decision maker has comprehensive knowledge of the problem and is aware of all feasible solutions. It is an outstanding decision-making approach. It makes sense because it is scientific, systematic, and sequential.
To know more about classical decision making click here:
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