Answer:
PMT x {[(1 + r)^n – 1]/r}
Explanation:
The formula for calculation the future value of an ordinary annuity is given as :
PMT x {[(1 + r)^n – 1]/r} ;
Where ;
PMT = Payment amount ; r = discount rate
n = number of payments
For ordinary annuity, payment are made at the end of each period as opposed payment made at the beginning of the period for annuity due.
The impact on the order of the quantity will be able to get a 40% higher. It is because if the mickey and mouse cat food factory runs the marketing campaign to the delight order surge twice to their previous level and their operation manager uses the EOQ or the Economic Order Quantity, it is able to minimize the ordering cost and the total of the holding costs, producing an order quantity of 40% higher.
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%
It is an advantage when group incentives encourage competition between groups of employees when groups try to outdo one another in satisfying customers.
Competition is uncertainty about how to ensure survival. Competition can occur between entities such as organisms, individuals, and economic and social groups. Rivalry is about achieving unique goals such as visibility, leadership, market share, niche, scarce resources, or territory.
Competition, most commonly viewed as the interaction of individuals competing for a finite common resource, is the direct or indirect interaction of organisms that results in changes in fitness when they share the same resource. can be defined more broadly as a dynamic interaction.
There are four kinds of competition in a loose marketplace machine: perfect opposition, monopolistic competition, oligopoly, and monopoly.
The four key characteristics of perfect competition are: (1) a huge wide variety of small companies, (2) equal merchandise offered by all firms, (three) perfect resource mobility or the liberty of entry into and go out out of the enterprise, and (4) perfect information of costs and generation.
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His broker must register the team name that complies with the new regulations with TREC before he may use it in advertising.
<h3>What is a team name?</h3>
- The term "team name" refers to a name that is employed by one or more license holders that are sponsored by or connected to the same broker but are not the broker's actual name or an assumed business name.
- Team or group must be at the end of team names.
- Terms in team names that suggest the club is providing brokerage services independently of the broker are prohibited.
- Brokerage, corporation, and associates are a some of the forbidden words.
- As long as the team name ends with the words team or group, the phrases realty or real estate are permissible in the team name.
<h3>What is TREC?</h3>
- The governmental entity in charge of overseeing real estate practices in the state of Texas is called the Texas Real Estate Commission.
- The organization's main office is located in Austin at 1700 North Congress.
- TREC is made up of nine people who the governor appoints with the support of the Texas Senate.
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