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2 years ago

An industry comprised of a very large number of sellers producing a standardized product is known as:

Business

1 answer:

mash [69]2 years ago

5 0

Answer:

The appropriate response is "Pure competition".

Explanation:

Pure competition seems to be an economically efficient circumstance where there is already a massive quantity of international customers and retailers as well as the manufacturer would be ready for deployment.
Even though both a significant quantity of products as well as extremely similar or defined consumer items seem to be characteristics of pure competition.

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Aerotron Electronics has just bought a used delivery truck for $15,000. The small business paid $1,000 down and financed the res

dimaraw [331]

Answer:

Nominal interest rate = 12.23%

Explanation:

Given - Aerotron Electronics has just bought a used delivery truck for

$15,000. The small business paid $1,000 down and financed the

rest, with the agreement to pay nothing for the entire first year and

then to pay $526.83 at the end of each month over years 2, 3, and

4 (first payment is in 13th month).

To find - a. What nominal interest rate is Aerotron paying on the loan.

Proof -

As given ,

Price - $15,000

Down Payment - $1,000

⇒Loan Payment = $15,000 - $1,000

As given,

He will not pay for the entire first year. After that he will pay $526.83 for next 3 years.

Now,

Interest rate for 1 month = r %

So,

Loan after 1 year = 14,000( 1 + r)¹²

And

Annuity factor = $\frac{1}{r} - \frac{1}{r}. \frac{1}{(1+r)^{t} }$

and t = 3 years = 36 months

Now,

As we know,

Monthly loan payment = $\frac{Loan amount}{Annuity factor}$

⇒$526.83 = 14,000( 1 + r)¹² / $\frac{1}{r} - \frac{1}{r}. \frac{1}{(1+r)^{t} }$

By solving we get

r = 1.019%

Now,

Nominal interest rate = 1.019%×12 = 12.23%

7 0

3 years ago

A school is watching students as they enter the football game for students who are

Stels [109]

The probability that the first student dressed inappropriately for the football game will be the 10th student checked is <u>3.182%</u>.

<h3>What is probability?</h3>

Probability refers to the chance that an outcome occurs given the possibility of many outcomes.

As a measure, probability represents the ratio of the outcomes from a set of equally likely outcomes.

<h3>Data and Calculations:</h3>

Estimated proportion of students dressed inappropriately = 7%

Number of players for a football game = 22 (11 x 2)

Probability that the first one dressed inappropriately will be the 10th = 0.031818 (0.07 x 10/22).

Thus, the probability that the first student dressed inappropriately for the football game will be the 10th student checked is <u>3.182%</u>.

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6 0

2 years ago

If a management team wishes to undertake efforts specifically aimed at helping the company meet or beat the investor-expected in

dusya [7]

Boom general operating profits in all four geographic areas -- the resulting growth in working earnings will improve general net income and assist increase the EPS, using the business enterprise's stock fee upward.

Due to the fact, that the boom in EPS can bring about an elevated and strong dividend, and thus can have an impact on the investors to buy the stocks, resulting in a boom in stock prices.

The inventory price is a relative and proportional price of an organization's worth. consequently, it only represents a percent alternate in an organization's market cap at any given factor in time. Any percentage adjustments in an inventory fee will bring about the same percent trade in a company's marketplace cap.

A percentage fee is the rate of an unmarried proportion of a number of saleable equity shares of an organization. In layman's terms, the stock price is the best amount someone is willing to pay for the inventory, or the bottom amount that it can be bought for.

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5 0

1 year ago

Beginning on January 1, 2020, 5 equal deposits are to be made in a fund. Required: Using the appropriate tables, determine the e

8090 [49]

Answer:

Explanation:

$FV \div \frac{(1+r)^{time} -1}{rate} = C\\$

FV $200,000.00

time 5 years

rate 0.1% = 10/100 = 0.10

$200000 \div \frac{(1+0.1)^{5} -1}{0.1} = C\\$

C $ 32,759.496

The installment will generate 10% interest overtime and provide with a 200,000 dollar count after six years

7 0

3 years ago

Mr. Barker enjoys a comfortable retirement income. He recently had surgery and expected that he would have certain services and

olasank [31]

Answer:

What you could tell him is that you can offer to help him review all the plans appeal process as well as to help him ask the plan to review his coverage decision which will enable him to know why he had large charges in excess of his maximum out-of-pocket limit.

Explanation:

Based on the information given we were told that when he received the bill, their was large charges in excess of his maximum out-of-pocket limit which is a limit on the amount of money a person or an individual have to pay for covered medical care services in which we were still told that the large charges in excess of his maximum out-of-pocket limit also include a number of services and items he thought would be fully covered, therefore since he called you to ask what he could do, What you could tell him is that you will offer to help him review all the plans appeal process and to as well help him to ask the plan to review the coverage decision which is why coverage decision is of benefit because it enables a person or an individual to makes decision about their benefits including the amount they have to pay for their medical services plan.

6 0

3 years ago