The present value of the stream of cash flows is $2,434.26.
<h3>What is the present value?</h3>
Present value is the sum of discounted cash flows. The cash flows would be discounted using the cost of capital.
Present value = C / (1 + r)^n
Where:
- C = cash flow
- r = cost of capital
- n = number of years
-10,000 + [5,000 / 1.1] + [5000 / 1.1²] + [5000 / 1.1³] = $2,434.26
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Answer:
Material quantity variance = $9,380 adverse
Explanation:
<em>A material usage variance occurs when the standard quantity required to active a particular level of production is higher or lower than than the actual actual quantity used. A favorable variance would mean than less quantity of materials were used than the standard to achieve a given output level. And an adverse variance would mean the opposite</em>
We can calculate it as follows:
grams
4,400 units should have used (4,400× 2 grams) 8,800
but did use <u> 10,140</u>
<u> </u> 1,340 adverse
standard price per g ×<u> $7______</u>
Material quantity variance <u> $ 9,380 adverse</u>
Material quantity variance = $9,380 Adverse
Answer:
The correct answer is letter "C": job description.
Explanation:
A job description outlines the role of the employees within their organizations. It establishes the behavior expected from the workers in the work frame and the duties attached to their job position. The job description is a brief summary of what the employees would be doing in their day-to-day activities at work.
Answer:
Option B:
inferior good; elasticity is negative
Explanation:
The income elasticity of demand is a measure of the rate at which a particular commodity is demanded, even after there is a change in the real income of the consumers.
It is a known fact that for inferior goods, once the real income of the consumers increases there is a higher tendency for them to switch to other premium commodities. Such goods are said to have a negative elasticity.
The income elasticity of demand can be calculated with this formula
percentage change in quantity demanded / percentage change in income.
If this gives a value that is less than 1, it means that the percentage change in the quantity of goods demanded is actually less than the percentage change in the income level of the consumers. Hence, the good is an inferior good. This is because when the consumers are earning more, they buy less of the product.
Answer:
The growth of the real GDP per capita was 7.18%
Explanation:
It is important to establish that:
Future Value = Present Value × ((1 + r)^t), given that <em>r</em> is the <em>interest rate</em> and <em>t</em> is the <em>time period</em>
Real GDP per worker increased from $40,000 to $320,000 in 30 years
Therefore, we have;
320000 = 40000*(1+r)^30
(1 + r)^30 = 8
1 + r = 8^1/30
1 + r = 1.0718
r = 0.0718 = 7.18%
