Answer:
85.3%
Explanation:
since profits = 20% of total revenue, so total revenue = $15,000 / 20% = $75,000
That means that total revenue must grow from $1,000 to $75,000 in just 7 years. We can use the future value formula to determine the growth rate:
future value = present value x (1 + r)ⁿ
$75,000 = $1,000 x (1 + r)⁷
(1 + r)⁷ = $75,000 / $1,000 = 75
⁷√(1 + r)⁷ = ⁷√75
1 + r = 1.853
r = 1.853 - 1 = 0.853 = 85.3%
Yes. Once someone is in a difficult financial situation, they may have to give up some wants and desires in place of things they need. If money is tight, they should rather use what money they have to pay pills and buy food, and not purchase items they want like toys or videogames. When faced with a bad financial situation, an individual is forced to separate what they believe is a want and a need, and choose between the two.
Answer:
The labor cost per unit is lowest for China and is $0.40 per unit
Explanation:
Country Labor Wage per Day Wages per Production Labor cost
count per labor Day units per day per Unit
L w W=L×w P l=W÷P
Myanmar 7 $2.50 17.50 38 $0.46
China 9 $2.00 18.00 45 $0.40
Billings/ 4 $57.00 228.00 102 $2.24
Montana
The labor cost per unit is lowest for China and is $0.40 per unit
Answer:
62
Explanation:
I first divided 3 into 180 which is 60 because 18 divided by 3 is 6 and then you add back on that 0 getting to 60. Then for the 6, divide that by 3, which is 2 which you add to the 60 getting to 62.
I hope this helps and please don't hesitate to ask if there is anything still unclear!
