Answer:
The answer given below;
Explanation:
1. Colby payback period $425,000/120,000=3.54 years
2. Kylie payback period $1,580,000-350,000-490,000=2 years+$740,000/910,000=2.81 years
3. Carsen Investment= 960,000*4=$3,840,000
4. Rahn=1,450,000/2.5=580,000 each year
Income elasticity of demand is a measure of responsiveness of the quantity of goods or services demanded to a change in the income of the people demanding the good. It is calculated as the ratio of the percentage change in the quantity demanded to the percentage change in income.
In this case, percentage change in quantity demanded is 25% and percentange change in income is 20%
Therefore, income elasticity = 25/20
= 1.25
The Consumption equals to $75 billion.
<h3>What is the consumption?</h3>
In National Income, it means the amount spent for purchasing consumer goods and services including durable, non-durable goods.
Consumption = durable goods + nondurable goods + services
Consumption = $10 billion + $40 billion + $35 billion on services.
Consumption = $75 billion
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Answer: c. 530,000 grams
Explanation:
Finished goods that should be produced in the year;
= Units to be sold + ending inventory - beginning inventory
= 170,000 + 32,000 - 22,000
= 180,000 units of finished goods.
Each unit of finished good requires 3 grams of raw material;
= 180,000 * 3
= 540,000 grams
Raw materials to be purchased;
= Raw materials needed + ending inventory - beginning inventory
= 540,000 + 42,000 - 52,000
= 530,000 grams
Answer: 6.22%
Explanation:
To find the annual rate of return, find the geometric mean of the returns:
= ¹⁸√ (1 + 3.8%)⁸ * (1 + 8.2%)¹⁰ - 1
= ¹⁸√ 2.9638173484126186153 - 1
= 1.0622187633434 - 1
= 6.22%
