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Arada [10]
3 years ago
11

Congratulations! You won a prize in a contest! There are two choices: take the $500 prize today or wait one year and take the $5

00 prize a year from now. If the interest rate is 3%, compounded annually, how much interest would you be giving up if you took the prize a year from now?
Business
1 answer:
natulia [17]3 years ago
6 0

Answer:

$15

Explanation:

The formula for calumniating compound interest is as below

A= P x ( 1 + r) ^1

For this case

A= Amount after one year

P = principal: $500

r= Interest rate 3% or 0.03

n = time in years: 1

A= $500 x ( 1 + 0.03) ^ 1

A = $500 x(1.03)

A= $500 x 1.03

A =$515

The interest missed is the future value -  amount collected after one year.

=$515- $500

=$15

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For luxury carmakers, the lowest-end models in their product lines often represent only a small portion of their sales. Yet thes
zepelin [54]

Answer:

E. Loyalty to the Brand.

Explanation:

For luxury car makers, the lowest-end models in their product lines often represent only a small portion of their sales. Yet these models are critically important when it comes to attracting new customers and, potentially, establishing their lifelong loyalty to the brand. They have to put efforts on this segment as well, although this segment is very small but it also has much importance for them because this segment contributes to their overall brand loyalty and brand equity as well. Brand equity can be enhanced by selling to this segment as well. Brand equity is the value that a brad name has and it is equally important as customer equity which is the sum of the all the purchases of all the customers of a brand.

4 0
3 years ago
Economists use gross national product (GNP) to measure ___
rusak2 [61]

Economists use the gross national product (GNP) to measure <u>the output of a nation’s citizens, regardless of where they are. </u>

<h3>Further explanation </h3>

Gross National Product or GNP measures the total output produced by a country's residents, regardless of where they are. Therefore, any output produced by foreign residents within the country must be excluded in calculations of GNP, while any output produced by the country's residents outside of the country must be counted.

Gross national product calculates by adding these factors below:

<h3>Consumption + Government Expenditures + Investments + Exports + Foreign Production   </h3>

Another important economic measure is Gross Domestic Product (GDP). GDP measures the total output produced in the country, regardless of who they are. GDP is the most widely used to measure a country's economic activity. The difference between GNP and GDP may indicate that a country is more engaged in international trade. The larger the difference between a country's GNP and GDP, the greater international activities.

<h3>Learn more </h3>

Gross National product brainly.com/question/1086262

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GNP vs GDP brainly.com/question/853464

Keywords: GNP, Gross National Product, GDP, Gross Domestic Product, International trade

6 0
4 years ago
Read 2 more answers
A 30-unit income-producing property has a sales price of $9 million. Annual gross income is estimated at $750,000. What's the gr
Cloud [144]

Answer:

12

Explanation:

Given that,

Sales price = $9 million

Estimated annual gross income = $750,000

The gross income multiplier is defined as the ratio of sales price to its effective gross income.

Therefore, the gross income multiplier is calculated as follows:

= (Sales price ÷ Estimated annual gross income)

= $9,000,000 ÷ $750,000

= 12

8 0
3 years ago
$30,322 $73,800 $75,600 $76,900 Lasseter Corporation has provided its contribution format income statement for August. The compa
melisa1 [442]

Answer:

$75,600

Explanation:

We divide the total sales with the number of units to get the unit price . Similarly we get the unit price for the variable costs. But as the fixed costs remain constant they will not change. We get the contribution margin  =$75,600

Lasseter Corporation

Contribution Format Income Statement for August

Sales (4,200 units) $ 127,100 /4100= $31 * 4200  $ 130200

Variable expenses (53,300/4100)*4200 = $ 54600

Contribution margin 75,600

Fixed expenses 44,200

Net operating income $ 31,400

Lasseter Corporation

Contribution Format Income Statement for August

Sales (4,100 units) $ 127,100

Variable expenses 53,300

Contribution margin 73,800

Fixed expenses 44,200

Net operating income $ 29,600

3 0
3 years ago
1. Describe your business idea. (1-5 sentences. 2.0 points) TIP: This should be the same business idea you came up with in the f
Norma-Jean [14]

Answer:

Explanation:

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4 0
4 years ago
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