Well I look up the answer it c.
Answer:
Answer is option C, i.e. Exists for profit.
Explanation:
A fraternity benefit society or benefit society are incorporated body that exist to provide benefits and insurance during any sundry difficulties to its various registered member. These societies do not have any beforehand capital stock with them. And also these societies do not operate for profit motive as their ultimate help is to provide financial support to its members in times of need.
Answer:
d. decrease in the quantity of milk demanded.
Explanation:
The law of demand states that there is an inverse relationship between price and quantity demanded. An increase in price will result in a decrease in price and vice versa.
So in this case an increase in the price of milk will result in a decrease in quantity of milk demanded.
This is illustrated in the attached diagram.
Answer:
PV= $17,228.23
Explanation:
Giving the following information:
FV= $20,000.
The number of years= 4.
interest rate= 3.8%.
To calculate the initial investment required to reach the objective, we need to use the following formula:
PV= FV/(1+i)^n
PV= 20,000/(1.038^4)
PV= $17,228.23
