Answer:
$862.92
Explanation:
We use this formula in other to solve this problem
price at issue = Fv / (1+r)n
Price at issue = $691.72
Future value fv = 1000
When we substitute into the formula
$691.72 = $1,000/(1+i)⁵
(1+i)⁵ =$1,000/$691.72
(1+i)⁵ = 1.445672
1 + i = (1.445672)1/5
1+i = 1.445672^0.2
1 + i= 1.0765
So that
I = 1.0765 -1
= 0.0765 also 7.65 %
We have after 3 years,
Price = Future Value/ (1+i)²
= $1,000/ 1.0765)²
= $1,000 / 1.158852
This gives us the value of
$ 862.9232
Therefore option d is the correct answer to the question
Answer:
Option (d) is correct.
Explanation:
In a perfectly competitive market, there are large number of buyers and sellers, so price and quantity is determined by the market forces. Firms in a perfectly competitive market can earn abnormal profits, normal profits or losses in the short run and can earn normal profits and losses in the long run.
The profit for these firms is calculated by subtracting the product of average total cost and quantity from the product of price and quantity.
Profit( = (P × Q) - (ATC × Q)
Answer:
c. lower the price of that item
Explanation:
If the revenues from a product begin to fall, most probably the product is entering the decline stage of its product cycle. In the initial stages of the decline stage, sales begin to drop.
When sales begin to drop, producers implement strategies to try and keep the product in the market for a longer time. One of the ways of maintaining sales is to offer reduced prices. A producer cuts prices to woe customers to continue buying the product.
Answer: Government
Explanation:
Classical theory of economics states that the economy is self regulated and operates at full employment. It states that the economy is fully capable of achieving real GDP output when employment is full. It assumes that there is neither government nor international trade involved with the economy.
Answer:
Sarbanes - Oxley Act
Explanation:
The Sarbanes - Oxley Act was passed into law by the United States Congress July 30th 2002 basically to provide protection for investors against financial reporting that are fraudulent by corporations. This law was enacted as a result of the cases of financial scandals that shook large companies including Enron Corporation around the year 2000.
The order to protect the investors from fraudulent reporting, the act also protects accounting officers such as Sharon who become whistle-blowers by reporting the malpractices and unethical accounting practices of corporations to the government for actions and sanctions.
