Answer: it is price floor
Explanation:
5$ is the lowest the price can go because they will NOT set it any lower, but it can go higher from there.
i took the testtoo, i got it correct.
floor is the lowest price, ceiling is the highest.
Answer:
92.15%
Explanation:
Calculation for Green's cash tax rate
First step is to calculate the taxes payable
Taxes payable=$1,024,000+$51,200-$106,000-$25,600
Taxes payable=$943,600
Now let calculate the cash tax rate
Using this formula
Cash tax rate=Taxes payable/Pretax book income
Let plug in the formula
Cash tax rate=$943,600/$1,024,000
Cash tax rate=0.9215*100
Cash tax rate=92.15%
Therefore the Cash tax rate is 92.15%
Answer:
It will take up to 3 years for the total interest to exceed $5.00
Explanation:
The future value of an investment whose interest is compounded continuously can be expressed as;
A=P e^(rt)
where;
A=future value of the investment
P=initial value of investment
r=annual interest rate
t=number of years
In our case;
A=Initial value+interest=(100+5)=$105
P=$100
r=2.4%=2.4/100=0.024
t=unknown
replacing;
105=100 e^(0.024 t)
e^(0.024 t)=105/100
e^(0.024 t)=1.05
ln {e^(0.024t)}=ln 1.05
0.024 t ln e=ln 1.05
but ln e=1
0.024 t=ln 1.05
t=ln 1.05/0.024
t=2.03 years rounded up=3 year
It will take up to 3 years for the total interest to exceed $5.00
Answer:
FV= $1,246,723.8
Explanation:
<u>To calculate the future value of this growing annuity, we need to use the following formula:</u>
FV= A*{[(1+i)^n - (1+g)^n] / (i-g)}
A= annual deposit= 55,000*0.12= 6,600
i= 0.05
g=0.03
n= 40 years
FV= 6,600* {[(1.05^40) - (1.03^40)] / (0.05 - 0.03)}
FV= $1,246,723.8
Answer:
B. statistical discrepancy.
Explanation:
Since it is mentioned that the $471 million represents the deficit in the US current account i.e. counterbalanced by a surplus of $255 billion
So here the difference represents the statistical discrepancy
Therefore as per the given situation, the correct option is B
And, the rest of the options are wrong
