Goods are in high demand.
positive income elasticity of demand<span> is coordinated with normal goods. and the basic rules are when production increases, income will increase as well and the demands of the good will increase. These goods are demanded by each of the levels of the prices.</span>
Answer:
The option with the quarterly compounding provides a higher future value.
Explanation:
Giving the following information:
Initial investment= $7,000
Number of years= 4 years
<u>To calculate the future value, we need to use the following formula:</u>
FV= PV*(1+i)^n
<u>Quarterly compounding:</u>
Interest rate (i)= 0.07/4= 0.0175
n= 4*4= 16
FV= 7,000*(1.0175^16)
FV= $9,239.51
<u>Monthly compounding:</u>
i= 0.0685/12= 0.00571
n= 4*12= 48
FV= 7,000*(1.00571^48)
FV= $9,200.07
The option with the quarterly compounding provides a higher future value.
Answer: Job Rotation
Explanation:
Job rotation is referred to as a technique or method that used is by employers in order to rotate jobs assigned to their employees'. Employers tend to practice this method or technique for several no. of reasons. This was designed in order to promote the flexibility of the employees and thus keeping their employees interested in being employed with this organization.
Answer:
Explanation:
1. Wood used in the production of furniture is a variable cost
2. Fuel used in delivery trucks is variable cost
3. Straight Line depreciation on factory building is a Fixed cost
4. Screws used in production is a Variable cost
5. Sales staff Salaries is a Fixed cost
6.Sales commissions Variable
7.Property taxes Fixed
8. Insurance on buildings Fixed
9. Hourly wages of Furniture is Variable
10. Salaries of factory supervisrors is Fixed cost
11. Utillities is Mixed cost
12. Telephone bill is a Mixed cost
