In this situation, we can be certain that price will <span>fall in the short run. All, some, or no firms will shut down, and some of them will exit the industry. Price will then rise to reach the new long-run equilibrium.
When demand increases, more and more companies will try to lower the price of the products so they are favored among their competitors. Because of the harsh competition, some firms will not receive enough sales and will opt out to close down their business but some will survive and thrive.</span>
Answer:
Present value of the cash inflow= $69,086.97
Explanation:
<em>An annuity is a series of annual cash outflows or inflows which payable or receivable for a certain number of periods. If the annual cash flow is expected to increase by a certain percentage yearly, it is called a growing annuity.
</em>
To work out the the present value of a growing annuity, we use the formula:
PV = A/(r-g) × (1- (1+g/1+r)^n)
A- annual cash flow - 20,000
r- rate of return - 8%
g- growth rate - 3%
n- number of years- 4
I will break out the formula into two parts to make the workings very clear to follow. So applying this formula, we can work out the present value of the growing annuity (winnings) as follows.
A/(r-g) = 20,000/(0.08-0.03)
= $400,000
(1- (1+g/1+r)^n)
= 1 -(1.03/1.08)^4 =0.17271
PV = A/(r-g) × (1- (1+g/1+r)^n) =400,000
× 0.17271 =69,086.97
Present value of the cash inflow = $69,086.97
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Group of answer choices.
A. Is not warm enough to the applicants.
B. Is perceived as less credible because she is an HR specialist.
C. Does not give applicants enough information, leaving them with more questions than answers.
D. Comes off as being too professional for someone in the HR field.
E. Is not approaching the candidate with enough skepticism.
Answer:
B. Is perceived as less credible because she is an HR specialist.
Explanation:
Human resources (HR) can be defined as an art of managing, controlling and improving the number of people (employees or workers), functions, activities which are being used effectively and efficiently by an organization.
Hence, human resources managers are saddled with the responsibility of managing and improving the welfare and working conditions of the employees working in an organization.
In this scenario, Maria is well respected among her peers for her professional standards and understanding of the HR field. She noticed that when she recruits engineers for her company, they sometimes seem unresponsive to her. Thus, the most likely reason for this is because Maria is perceived as less credible because she is an HR specialist and as such is considered not to have a deep understanding of the field of engineering to recruit a qualified and experienced candidate.
