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svetlana [45]
3 years ago
15

Which of these statements is true?

Business
1 answer:
olasank [31]3 years ago
6 0

Answer:

Compound interest will lead to a larger sum of money than a comparable simple interest payment.

Explanation:

The true statement is that compound interest will lead to a larger sum of money than a comparable simple interest payment because the interest are compounded for a certain number of times such as daily, weekly, quarterly or annually while simple interest isn't compounded at all.

To find the future value, we use the compound interest formula;

A = P(1 + \frac{r}{n})^{nt}

Where;

A is the future value.

P is the principal or starting amount.

r is annual interest rate.

n is the number of times the interest is compounded in a year.

t is the number of years for the compound interest.

Mathematically, simple interest is calculated using this formula;

S.I = \frac {PRT}{100}

Where;

S.I is simple interest.

P is the principal.

R is the interest rate.

T is the time.

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An economy has 100 people divided among the following groups: 25 have full-time jobs, 20 part-time jobs, 5 has two part-time job
Svet_ta [14]

Answer:

a. Labour Force = 70 people

Labour Force Participation Rate = 87.5%

b. Unemployed = 60 people

Unemployed Rate = 85.7 %

c. Total Employment

By Household Survey = 60 people

By Establishment Survey = 65 people

Explanation:

Given

Total number of People = 100

Full time = 25

Part time = 20

2 part time jobs = 5

Looking for job = 10

Not looking for job = 10

Business owners = 10

Retired = 10

Children = 10

a.

Labour Force = Total people in the economy - (Retired + Children + Not looking for job)

Labour Force = 100 - (10 + 10 + 10)

Labour Force = 100 - 30

Labour Force = 70 People

Labour Force Participation Rate is calculated by dividing the number of people actively participating in the labor force by the total number of people eligible to participate in the labor force

Number of active participant = Labour Force = 70

Number of eligible participants = 70 + 10 (discourage workers not looking for job)

Number of eligible participants = 80

Labour Force Participation Rate = 70/80

Labour Force Participation Rate = 0.875

Labour Force Participation Rate = 87.5%

b.

Unemployed People = Labour Force - 10 (people looking for job)

Unemployed People = 70 - 10

Unemployed People = 60 people

Unemployed Rate = Unemployed People/ Labour Force

Unemployed Rate = 60/70

Unemployed Rate = 0.857

Unemployed Rate = 85.7%

c.

Total Employment

I. Using Household Survey

Here, the number of people with source of income is counted

Total = Full-time +. Part time + 2 part time jobs + business owners

Total = 25 + 20 + 5 + 10

Total = 60 people

Ii. Using Establishment Survey

Here the number of jobs is counted. So, those with 2 part time job owners are counted as 5 * 2 jobs = 10

Total = Full-time +. Part time + 2 part time jobs + business owners

Total = 25 + 20 + 10 + 10

Total = 65 People

4 0
3 years ago
Inventory and safety stock planning ________. leads to the development of the overall demand forecast leads to the development o
NARA [144]

<u>Answer: </u>leads to the development of a sourcing plan

<u>Explanation:</u>

Inventory planning includes the safety stock planning. Safety stock planning means the additional maintenance of the stock to avoid the situation of being completely out of stock when needed. Safety stock acts as the buffer stock during the times of unexpected sudden increase in demand.

Through inventory and safety planning the goods can be accumulated based on the sale or the production of the firm. These things lead to the development of the source planning.

8 0
3 years ago
Crane Company purchases a patent for $161,900 on January 2, 2022. Its estimated useful life is 5 years. (a) Prepare the journal
Zina [86]

Answer:

Explanation:

The journal entry is shown below:

Amortization expense - Patent A/c Dr $32,380

     To Patent A/c $32,380

(Being amortization expense for the first year is recorded)

The computation is shown below"

= Purchase cost of patent ÷ estimated useful life

= $161,900 ÷ 5 years

= $32,380

For the intangible assets, the amortization expense is considered,not the depreciation expense and the same is to be taken.

7 0
3 years ago
Good X and Good Y are related goods. When the price of Good X rises by 20 percent, the quantity demanded for Good Y falls by 40
ch4aika [34]

Answer:

-2

Explanation:

Good X and Y are related goods

When the price of Good X rises by 20 percent the quantity for Good Y falls by 40 percent

Therefore the cross price elasticity can be calculated as follows

= -40/20

= -2

Hence the cross price elasticity is -2

4 0
3 years ago
Shuai is writing a report with a great deal of complicated numerical information. to clarify and simplify this information for d
AveGali [126]

She should put this into a chart or graph. This is a graphical illustration of data, in which "the data is characterized by symbols.” By organizing data, it can be more effortlessly understand what has been perceived. Subsequently, most of the data is quantitative, data tables and charts are typically used to consolidate the information. Graphs are shaped from those data tables.

6 0
3 years ago
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