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2 years ago

Define technology for class 7

Business

1 answer:

Dafna1 [17]2 years ago

8 0

Answer:

<h2>Required Answer :-</h2>

Technology - Technology is defined as the information about some thing. We may also use these technologies in our business

Ex :- Internet is a technology.

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If inflation is increasing at 2.4 percent per year, and your salary increases at the same rate, how long will it take your salar

Oksana_A [137]

Answer:

it take 29.23 years, my salary to double.

Explanation:

To make the salary double I have to increase the value of salary by 100%. If inflation rate is 2.4 percent per year and salary increase the same rate the time period to make it double can be calculated as follow.

As every year 2.4% has compounding effect, so we will use compounding formula to solve this problem.

Target value = Existing value ( 1 + growth rate )^time period

200% = 100% ( 1 + 2.4% )^n

2 = 1 ( 1 + 0.024 )^n

2 = 1 ( 1.024 )^n

2 = 1.024^n

Taking log on both sides to solve the n

Log 2 = n Log 1.024

n = Log 2 / Log 1.024

n = 29.23 years

I will take 29.23 year to double the salary

5 0

3 years ago

Mariposa Inc is considering improving its production process by acquiring a new machine. There are two machines management is an

kondor19780726 [428]

Answer:

Machine B should be purchased because it has a lower equivalent annual cost

Explanation:

To determine the better of the two options, we would compare the equivalent annual cost of each options using a discount rate of 14% per annum

Equivalent annual cost = Total PV of cost /Annuity factor

Total PV of cost = Initial cost + PV of annual operating cost

PV of annual operating cost= Annual operating cost × Annuity factor

Annuity factor = (1- (1+r)^(-n))/r

r- rate , n- years

Machine A

PV of annual operating cost = 8,000 × (1- 1.14^(-3)/0.14= 18573.05622

PV of total cost = 290,000 +18573.05622 = 308,573.06

Uniform Annual cost = 308,573.06 /2.321632027 = 132,912.13

Equivalent annual cost = $132,912.13

Machine B

PV of annual operating cost = 12,000 × (1- 1.14^(-2)/0.14= 19759.92613

PV of total cost = 180,000 + 19759.92613 = 199,759.93

Equivalent annual cost = 199,759.93 /1.6466=$121,312.15

Equivalent annual cost = $121,312.15

Machine B should be purchased because it has a lower equivalent annual cost

Total PV of cost

6 0

2 years ago

A firm has $1.5 million in sales, a Lerner index of 0.57, and a marginal cost of $50, and competes against 800 other firms in it

MrRissso [65]

Answer:

$116.28

Explanation:

This can be calculated as follows:

Mark up = [1 ÷ (1 - Lerner index)]

Price = Mark-up × Marginal cost

= [1 ÷ (1 - 0.57)] × $50

Price = [1 ÷ 0.43] × $50 = $116.28

Therefore, the price this firm will charge its customers is $116.28.

7 0

3 years ago

You are offered the following investments: You can invest $500 today and receive $600 in 5 years. The investment is low risk. Yo

grin007 [14]

Answer:

500

Explanation:

6 0

2 years ago

The balance sheet above shows the financial situation for the Jamestown National Bank. The central bank has set a required reser

dedylja [7]

Answer: $40,000

Explanation:

Hello. Your question was incomplete as it lacked the balance sheet in question. Luckily I found it and have now attached it.

The question states that the central bank has set a required reserve ratio of 10%. This means that 10% of the deposits at the bank are not to be touched so they cannot loan past 90% of the deposits.

The bank has only $60,000 remaining to loan out as they will not sell their securities.

So we will calculate how much they can loan out thus,

= 60,000 - (200,000 * 10%) to find out what amount cannot be touched

= 60,000 - 20,000

= $40,000

The maximum amount of additional loans the bank in Jamestown can undertake is $40,000.

5 0

3 years ago