<span>The question refers to whether that scenario describes a competitive market, and the answer is - no. This scenario that you have presented us with is not an example of a competitive market because there is no free entry. Because firms cannot freely enter this market, this cannot be said to be competitive, because there are no companies to compete if there is only one firm involved. </span>
This type of sampling method is called cluster sampling. With cluster sampling, the researcher divides the population into distinct group so called clusters. Then, a simple random sample of clusters is particular from the population. The researcher conducts his investigation on data from the sampled clusters. Paralleled to simple random sampling and stratified sampling, cluster sampling has advantages and disadvantages. For example, given equal sample sizes, cluster sampling usually makes available less precision than either simple random sampling or stratified sampling. On the other hand, if travel costs between clusters are high, cluster sampling may be further cost-effective than the other methods.
With compound interest on a principal of $5,000.00 at a rate of 8% per year compounded 1 time per year over 12 years is $12,590.85.
<h3>Compound interest</h3>
Given Data
Assuming a compounded interest approach
A = P + I where
P (principal) = $5,000.00
I (interest) = $7,590.85
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 8/100
r = 0.08 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 5,000.00(1 + 0.08/1)(1)(12)
A = 5,000.00(1 + 0.08)(12)
A = $12,590.85
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Answer:
$632,000
Explanation:
The computation of the amount of balance in the right of use asset after two years is shown below:
Balance in right of use asset after 2 years is
= Recorded value - ((Recorded value × rate of interest) × number of years)
= $790,000 - (($790,000 × 10%) × 2)
= $790,000 - ($79,000 × 2)
= $790,000 - $158,000
= $632,000
hence, the balance is $632,000
The one are in which manufacturers do not have to use due care is :
using adequate test marketing
They only need to use it in an area where they may unintentionally cause harms to other people
