Answer: C. an infrastructure providing educated workers and advanced machines
Explanation:
Since the developing country needs to shift from smallholding to a modern state-of-the-art agribusiness-style farming, it's vital for the country to have an infrastructure providing educated workers and advanced machines. The educated workers will help in handling the technical know-how of the.machines used for the modern agribusiness.
An infrastructure that's providing cheap
and unskilled laborr isn't ideal in this case. Also, traditional subsistence farming won't help since the country is moving to a modern style.
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Answer:
The 10% reserve requirement reduces the amount Bank of America can earn on $1,000 by <u>$5.80</u>
Explanation:
With a 10% reserve requirement, Bank of America must hold $100 of a $1000 checking account deposit in reserves with the Fed on which it receives an interest rate of 2%. The bank can invest remaining $900. So the bank will earn
$900*.06 + 100*.002=$54.2
If the bank did not need to hold reserves against the deposit, it would earn $1000*.06=$60. So the reserve requirement is reducing Bank of America's return by $5.80
The 10% reserve requirement reduces the amount Bank of America can earn on $1000 by $5.80.
This demonstrates THE DIRECT RELATIONSHIP BETWEEN QUALITY AND BUSINESS SUCCESS.
There is a saying that, a good product will advertise itself. Quality is of utmost importance in business, products produced must be quality ones, this will ensure that the customers' needs are met and they are satisfied. High customers' satisfaction will increase the trust that the consumers have in the company and this will translate into continuous patronization by the consumers for the company.
Answer:
$4.85
Explanation:
Present value is the sum of discounted cash flows.
Present value can be calculated using a financial calculator
Cash flow each year in year 1 and 2 = 0
Cash flow in year 3 = $2.50
Cash flow each year in year 4 and 5 = $3
I = 15%
Present value = $4.85
To find the PV using a financial calacutor:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
I hope my answer helps you
