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2 years ago

What is the income flow associated with labour?

Business

1 answer:

ratelena [41]2 years ago

8 0

Answer:

Explanation:

Factor income is the flow of income that is derived from the factors of production ,the general inputs required to produce goods and services. Factor income on the use of land is called rent, income generated from labor is called wages, and income generated from capital is called profit.

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You just won the lottery, which promises you $200,000 per year for the next 20 years. You receive the first payment today (hint:

dsp73

Answer:

The present value of your winnings is $1,959,555.65.

Explanation:

Since this is an annuity due as already hinted in the question, the formula for calculating the present value (PV) of an annuity is used as follows:

PV = P × [{1 - [1 ÷ (1 + r)]^n} ÷ r] × (1 + r) .................................. (1)

Where ;

PV = Present value of winnings =?

P = Annual payment = $200,000

r = interest rate = 9.25%, or 0.0925

n = number of years = 20

Substituting the values into equation (1) above, we have:

PV = $200,000 × [{1 - [1 ÷ (1 + 0.0925)]^20} ÷ 0.0925] × (1 + 0.0925)

PV = 200,000 ×8.96821807613347 × 1.0925

PV = $1,959,555.65

Therefore, the present value of your winnings is $1,959,555.65.

8 0

3 years ago

Paul Rodriguez is the President of WV Railroad. His organization faces issues related to the environment, government regulation,

Ivanshal [37]

Paul Rodriguez who is the President of WV Railroad will need to rely primarily on his Conceptual skills to combat the challenges faced by his organization.

<h3>What are Conceptual Skills?</h3>

Conceptual skills refer to the competence and ability to see the overall organization, grasp how the various elements are interrelated, and analyze how the organization interacts with its external environment.

Conceptual skills also include the capacity to recognize and solve challenges. These abilities enable Presidents or managers of an organization to assess events and devise alternate strategies.

For Paul Rodriguez to combat the challenges faced by his organization, He needs to focus primarily on his conceptual skill as it gives him the ability to:

Make swift judgments.
Think critically and
Come with a logical solution to those problems,

Learn more about conceptual skills here:

brainly.com/question/4382381

3 0

1 year ago

You would like to be a millionaire when you retire in 40 years, and how much you must invest today to reach that goal clearly de

just olya [345]

Answer:

PV = $19108.96057 rounded off to $19108.96

So, $19108.96057 have to be invested today at 10.4% p.a. rate for 40 years for it to turn into a million dollars.

PV = $131634.7058 rounded off to $131634.71

So, $131634.7058 have to be invested today at 5.2% p.a. rate for 40 years for it to turn into a million dollars.

Times more investment = 6.888637682 times rounded off to 6.89 times

Explanation:

To calculate how much we need to invest today for it to turn into $1 million in 40 years at 10.4% per annum rate, we will use the Present value of a sum formula as we need to determine the present value of $1 million earned after 40 years from today. The formula for present value of a sum is,

PV = FV / (1+r)^t

Where,

PV is present value
FV is future value
r is the rate of interest or return
t is the time period in years

PV = 1,000,000 / (1+0.104)^40

PV = $19108.96057 rounded off to $19108.96

So, $19108.96057 have to be invested today at 10.4% p.a. rate for 40 years for it to turn into a million dollars.

Half the percentage rate of 10.4% p.a. = 10.4% / 2 = 5.2%

PV = 1,000,000 / (1+0.052)^40

PV = $131634.7058 rounded off to $131634.71

So, $131634.7058 have to be invested today at 5.2% p.a. rate for 40 years for it to turn into a million dollars.

Times more investment = 131634.7058 / 19108.96057

Times more investment = 6.888637682 times rounded off to 6.89 times

6 0

2 years ago

Which is not a type of economy?

astraxan [27]

Answer:

agrarian economy

Explanation:

Agrarian economy is not a type of economy as there is no one single country were all its GDP is produced just by agricultural trade, the most relevant concept is agrarian society, and in this the society is highly dependable on agricultural products in order to derive income.

3 0

3 years ago

When the government imposes a binding price ceiling on a competitive market, a surplus of the good arises, and sellers must rati

saveliy_v [14]

Answer:

False

Explanation:

The competitive market works completely on the force of demand and supply. In this market there is no other restrictions or perks from any third party.

With this the prices of any commodity depends upon the free flow of market.

When the government imposes any restriction on price ceiling, in the competitive market then the shortage of goods arise, as because no individual supplier generally, gets ready to supply the goods at such binding price, which generally, leads to inflation, which is not practical as government has binding price ceiling.

Thus, the statement is false.

6 0

3 years ago