Answer:
$1,296
Explanation:
To get the total amount he earned, we calculate the simple interest the first and compound interest on the second investment
For the first;
I = PRT/100
Where I = the simple interest
P is the amount invested called the principal
R is the yield percentage called the rate
T is time frame of investment
For the first investment:
I = (8,000 * 6 * 1)/100 = $480
For the second investment
A = P(1 + R/n)^nt
A is amount
P is principal
R is rate
n is number of times, 2 in this case since it is semi annually
t is time, 1 year in this case
A = 10,000(1 + 0.08/2)^2
A= $10,816
Interest here is A - P
The interest earned is thus 10,816 - 10,000 = $816
Total amount of interest earned is thus $816 + $480 = $1,296
Answer:
b) be more inelastic than supply curves that apply to longer periods of time.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply. In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.
Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.
An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.
In the short run or in shorter time periods supply curves tend to be more inelastic than supply curves that apply to longer periods of time.
This ultimately implies that, a rightward shift in the aggregate supply (AS) curve causes output to increase and result in a price fall (lower price), in the short run.
However, in the long-run or in longer time periods, supply curves tend to be fairly elastic than supply curves that apply to shorter periods of time.
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Answer:
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Answer:
See below
Explanation:
The above information is incomplete. Concluding part from similar question is seen below.
Direct labor $16,000
Factory overhead $12,800
To finished goods ($48,000)
Therefore, the amount of direct materials charged to job is computed as;
= Balance + Direct materials + Direct labor + Factory overhead - Finished goods
= $4,300 + $26,400 + $16,000 + $12,800 - $48,000
= $11,500
The next step is to deduct the job Still in work in process charged with direct labor.
= $11,500 - $2,300
= $9,200
Hence, the amount of direct materials charged to job no 5 is $9,200
