Answer:
The interest rate is 0.06%
Explanation:
Step one :
Given data
final amount $1,000
initial principal balance $850
annual interest rate=?
time (in years)=5 years
Step two:
Applying the
Simple interest/Formula
A = P (1 + rt)
A = final amount
P = initial principal balance
r = annual interest rate
t = time (in years)
Plugin our data into the formula We have
1000=850(1+r*5)
1,000=850(1+5r)
Opening bracket we have
1,000=850+4,250r
Colleting like terms we have
1000-850=4250r
250=4,250r
Dividing both sides by 4,250 we have
r=250/4250
r=0.058
Hence the interest rate is 0.06%
If the demand for a good falls by less than the supply of the good rises, then the good’s equilibrium price will fall and its equilibrium quantity will rise.
According to the law of demand indicates that as price increases, consumers are willing and able to purchase less so the quantity demanded will fall and cause the downward sloping demand curve. So when price falls, consumers are willing and able to purchase more.
Answer:
b. $392000.
Explanation:
The computation of the inventory balance reported on the balance sheet is shown below:
<u>Product Cost Net realizable value Lower value
</u>
A $128000 $134000 $128,000
B $90,000 $85,000 $85,000
C $179,000 $181,000 $179,000
Total $392,000
Answer:
International.
Explanation:
International strategy is the process of increasing involvement of enterprises in international markets. More specifically, internationalisation comprises the planning and implementation of specific products and services that can easily be adapted to foreign markets and cultures.
Why is it important to look abroad?
• Desire to grow
• Increase in performance and recognition
• Unsolicited foreign orders
• Domestic market saturation or limitations The crisis presents challenges at home, but also opportunities abroad
• Potential to exploit a new technological advantage
• Different geographies have different needs and complement each other in presenting a wide range of gaps and opportunities to build market presences.
Answer: Option (B) is correct
From the given options, the following statements is most suitable:<em> Both socialism and communism, achieves equal distribution of income and wealth, but in communism, the state takes more control over individual's lives.</em>
Communism can be referred to as a political and economic principle that aims to reinstate private economy with public ownership and thereby gaining a control of means of production and the resources of a state.
Socialism can be referred to as a social and economic principle that aims for public rather than private ownership. According to this perception, individuals do not work in desolation but live in cooperation.
