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melamori03 [73]
2 years ago
12

The factors cited by the textile industry’s decision to locate manufacturing facilities in countries other than the United State

s include _____.
improved trade policies

increased domestic energy costs

cheaper labor

lower transport costs
Business
2 answers:
Sonbull [250]2 years ago
5 0

Answer:

cheaper labor

Explanation:

fgiga [73]2 years ago
3 0

Answer:

cheaper labor

Explanation:

Until the recent past, cotton production was labor-intensive. Factories needed to hire many casual laborers to assist them in the production process. The US has always had a minimum wage policy. Because the factories had to adopt the minimum wage policy, the labor expense became unsustainable. Cotton factories had to relocate to other countries such as China, where labor was affordable.

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A friend of Mr. Richards recently won a law suit for $30 million. They have the ability to either take the payments over 10 year
denis23 [38]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

A friend of Mr. Richards recently won a law suit for $30 million. They can either take the payments over 10 years or settle today for cash of $25 million. Mr. Richard is optimistic that he can earn a 6% return on the money and that they should settle for $25 million today and he will invest it for them.

First, we need to find the present value of the 30 million.

To do that we need to calculate the final value.

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {3,000,000*[(1.06^10)-1]}/0.06= 39,542,385

PV= FV/(1+i)^n= 39,542,385/1.06^10= 22,080,261

B) Now we know that the present value of option B is higher. One dollar today is better than one dollar tomorrow. It is better to receive the money now to invest it.

5 0
3 years ago
an amount of 16000 is borrowed for 8 years at 3% interest, compounded annually. if the loan is paid in full at the end of that p
bezimeni [28]

He must pay back 20268.32 of amount after borrowing 16000 for 8 years at the interest rate of  3% for one year.

<h3>How to calculate loan amount ?</h3>
  • The term "Loan Amount" refers to the sum of money we currently owe you for this mortgage. The loan amount may also include other fees, interest , defaulted payments, interest on defaulted payments, principal, and interest on unpaid principal.
  • The amount of interest due each period expressed as a percentage of the amount lent, deposited, or borrowed is known as an interest rate. The total interest on a loaned or borrowed sum is determined by the principal amount.

Amount he borrowed = 16000

No. of years = 8 years

Rate of interest = 3%

Calculate full amount (A) :

Equation for A = P(1 + r/n)^(nt)

A =  16000(1 + .03)^8

A = 20268.32

He need to pay 20268.32 after 8 years.

To learn more about Loan amount refer :

brainly.com/question/26011426

#SPJ4

4 0
10 months ago
Assume that the beginning balances for the customer accounts were zero, except for Tillman Inc., which had a $590 beginning bala
bekas [8.4K]

Answer:

Detailed balance sheet is attached .

Explanation:

Download docx
3 0
3 years ago
Borrowers choosing an adjustable-rate mortgage
Leviafan [203]

Answer:

okok

Explanation:

3 0
2 years ago
Fatuma invests a total of $22,000 in two accounts. The first account earned a rate of return of 15% (after a year). However, the
Lesechka [4]

Answer:

$7,500 was invested in the account that gained 15%, while $14,500 was invested in the account that lost 7%.

Explanation:

Given that Fatuma invests a total of $ 22,000 in two accounts, and the first account earned a rate of return of 15% after a year while the second account suffered a 7% loss in the same time period, and at the end of one year the total amount of money gained was $ 110.00, to determine how much was invested into each account, the following calculation must be performed:

11,000 x 0.15 - 11,000 x 0.07 = 880

5,000 x 0.15 - 17,000 x 0.07 = -440

8,000 x 0.15 - 14,000 x 0.07 = 220

7,000 x 0.15 - 15,000 x 0.07 = 0

7,500 x 0.15 - 14,500 x 0.07 = 110

Therefore, $ 7,500 was invested in the account that gained 15%, while $ 14,500 was invested in the account that lost 7%.

8 0
3 years ago
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