The first thing you should do to solve this problem is to know how much was the discount of the sunglasses.
We have then:
44.95 $ ---> 100%
26.97 $ ---> x
Clearing x:
x = (26.97 / 44.95) * 100 = 60%
therefore, the discount is
100-60 = 40%.
Then, the original price of the swimsuit will be
(28.95 $) * (1 + 0.40) = 40.53 $
answer:
the original price of a bathing suit that has a sale price of $ 28.95 is $ 40.53
Answer:
Total PV= $15,103.49
Explanation:
Giving the following information:
Cf1= 4,500
Cf2= 5,700
Cf3= 8,000
Discount rate= 9%
<u>To calculate the present value, we need to use the following formula on each cash flow:</u>
PV= FV/(1+i)^n
Cf1= 4,500/(1.09)= $4,128.44
Cf2= 5,700/1.09^2= $4,797.58
Cf3= 8,000/1.09^3= $6,177.47
Total PV= $15,103.49
Answer:
The role played by banks in the economic growth is that savings promote the generation of loans, and generate funds to new businesses.
Explanation:
Banks use the funds on the savings accounts to generate credits to other clients that might be persons or companies.
Suppose that you have $1000 dollars saved in your bank account. Then, your bank only needs to keep a deposit of the 10% from the $1000. This means to save $100 and use the rest $900 to generate credits to other customers.
The $900 remaining will be loan to individuals or companies to finance new projects such as: Buying a car, house, invest in machinery or re design a branch from a cloth store.
These projects boost economic growth as they move the economy with consumption, and investment.
Answer:
B) $5.860.53
Explanation:
The computation of the future value is shown below:
= Principal amount × (1 + rate of interest)^number of years
= $5,500 × (1 + 0.016)^4
= $5,500 × 1.016^4
= $5.860.53
Hence, the second option is correct
Answer: all of the above
Explanation:
At the Economic Order Quantity level, the company is enjoying the lowest cost possible in relation to product ordering and storage because they are ordering just enough quantities that they are able to sell them just in time to order some new goods.
For this to happen, the holding cost must be equal to the ordering costs. At the EOQ, the product cost is irrelevant when the quantity to be bought is to be determined because it is minimized.
