Answer:
$89.66
Explanation:
Data provided in the question:
Amount deposited by sister = $2,500
Interest earned by sister = 6.5% = 0.065
Time = 15 years
Now,
let the amount to be deposited be 'P'
Therefore,
using the compounding formula
$2,500 × (1 + 0.065)¹⁵ = P × (1 + 0.0625)¹⁵
or
$2,500 × 2.5718 = P × 2.48276
or
P = $2,589.66
Therefore,
Extra amount to be deposited = $2,589.66 - $2,500
= $89.66
Answer:
$30,000
Explanation:
The computation of the amount received by Janet is given below:
Loss on sale of other assets is
= $150,000 - $50,000
= $100,000
Share of Janet in loss is
= $100,000 × 5 ÷ 10
= $50,000
So,
Janet revised capital balance is
= $80,000 - $50,000
= $30,000
Answer: d. choose the price at which it sells its butter.
Explanation:
In a competitive market, the individual sellers do not choose a price to sell at but rather the market does. This is due to the high number of sellers in the market so individual sellers do not have bargaining power.
The price will therefore equal the firm's marginal revenue as well as Average revenue.
Answer: A. a decrease in the price level
Explanation:
When an company makes much profit the business will florish and prosper.