Answer:
True
Explanation:
This statement is true because it is in consonance or agreement with the law of supply which states that<em> </em><em>the quantity of a product produced and supplied of a commodity moves in the direction of the price of such commodity, assuming all other factors determining supply remain the same or constant (i.e. ceteris paribus). </em>On the other hand, the quantity of a product produced and offered for sale will reduce as the price of the product falls.
The total amount accrued, principal plus interest at a rate of 9% per year compounded 1 times per year over 12 years is $1,996,992.00.
<h3>Compound Interest</h3>
Given Data
A = P + I where
P (principal) = $710,000.00
I (interest) = $1,286,992.00
Calculation Steps:
First, convert R as a percent to r as a decimal
r = R/100
r = 9/100
r = 0.09 rate per year,
Then solve the equation for A
A = P(1 + r/n)nt
A = 710,000.00(1 + 0.09/1)(1)(12)
A = 710,000.00(1 + 0.09)(12)
A = $1,996,992.00
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Answer: infant industry argument
Explanation:
The infant industry argument simply means that the new industries in a particular economy should be protected at all cost from the multinationals or already developed foreign firms so that they themselves can grow and that the foreign firms will not hinder their progress and growth.
This usually applies to small and newly established firms. One of the main reason for taxation is to help protect such industries from competition thqt can hinder them.
Answer:
a. Your trade will be executed at the bid price of 55.25.
b. Your trade will be executed at the ask price of 55.50.
Explanation:
First note that:
The bid price is the highest price a buyer will pay for a security.
The ask price is the lowest price a seller will accept for a security.
Therefore, we have:
a. Suppose you have submitted an order to your broker to buy at market. At what price will your trade be executed? (Round your answer to 2 decimal places.)
Since you are the buyer, your trade will be executed at the bid price of 55.25. This is because the bid price is the highest price you as a buyer will pay for a security.
b. Suppose you have submitted an order to sell at market. At what price will your trade be executed? (Round your answer to 2 decimal places.)
Since you are the seller, your trade will be executed at the ask price of 55.50. This is beecausee the ask price is the lowest price uou as a seller will accept for a security.
Answer:
The cost of the work transferred-out during May is $18,630
Explanation:
For computing the cost of work transferred, first we have to compute the conversion cost per unit and material cost per unit
The conversion cost per uni = Conversion cost ÷ (transferred units + work in progress)
= $11,160 ÷ (2,700 + 300 × 30%)
= $11,160 ÷ (2,700 + 90)
= $11,160 ÷ 2,790
= $4 per unit
Now, material cost per unit = Material cost ÷ (transferred units + work in progress)
= $8,700 ÷ (2,700+300)
= $8700 ÷ 3,000
= $2.9 per unit
So, total cost of the work transferred is equals to
= Transferred units × conversion cost per unit + transferred units × material cost per unit
= 2,700 × $4 + 2,700 × $2.9
= $10,800 + $7,830
= $18,630
Hence, the cost of the work transferred-out during May is $18,630
