Answer:
8.55%
Explanation:
For computing the current yield first we have to determine the present value by applying the present value formula which is shown below:
Given that,
Future value = $1,000
Rate of interest = 8%
NPER = 7 years
PMT = $1,000 × 9% = $90
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
After solving this, the present value is $1,052.06
Now the current yield is
= PMT ÷ PV
= $90 ÷ $1,052.06
= 8.55%
Answer:
The monthly deposit is calculated using PMT function :
rate = 1.2%/2 (converting annual rate into monthly rate)
nper = 12 * 5 (5 years of deposits with 12 monthly deposits each year)
pv = -3200 (Amount put into account now. This is entered with a negative sign because it is a cash outflow)
fv = 26865 (Required value of account after 5 years)
PMT is calculated to be $379.70.
The monthly deposit is $379.70.
Answer:
Price falls, output rises
Explanation:
We know that the ethanol is used as an input in the production of gasoline. So, if the price of ethanol is lower then this will reduce the cost of production of gasoline. If the cost of production of ethanol is lower then this will give an incentive to the producers of gasoline to produce more and supply more.
This will shift the supply curve of gasoline rightwards, as a result there is a fall in the equilibrium price level and increase in the equilibrium quantity of gasoline.
Answer: incidental beneficiary
Explanation:
An incidental beneficiary refers to an individual who isn't a party to a contract but later becomes a third party beneficiary who is unintended to the contract.
It should be noted that the incidental beneficiary has no rights that are enforceable under the contract. With regards to the question, Jim suffered losses as a result, but he had no rights in the contract because he was an incidental beneficiary.
Answer:
Redesigning work
Explanation:
Redesigning work refers to reviewing work tasks and job responsibilities in order to optimize the way employees perform their tasks and increase their efficiency and productivity. Redesigning work may include reallocating staff to different areas, increasing their number where they are needed in order to increase total output. It may also include changing the processes involved in the production of goods, customer care services, and even changing the company's organizational structure.
The final goal of redesigning work is to both increase efficiency and total output, and increase employees' satisfaction.
