<span>A country with a small GDP can have a large per capita income IF IT HAS A SMALL POPULATION. Per capita income is defined as the measure of the average income earned per person in a particular country in a specified year. It is determined by dividing the area's total income by its total population. The smaller the population, the higher the per capita income. </span>
Answer:
Net Present Value = $28756.79
Explanation:
First we need find the real rate of interest
Real rate of interest = (Nominal rate of interest - Inflation rate )
Real Rate of interest = (10.76% - 4%)
Real of Interest = 6.76%
Now using stream of cash flows and discount the at 6.76%
0 -12800 1.000
1 10000 0.937
2 10000 0.877
3 10000 0.822
4 10000 0.770
5 10000 0.721
Through multiplying discount value with cash flow we get the discounted value of cash flows.
0 -12800 x 1.000 = -12800
1 10000 x 0.937 = 9370
2 10000 x 0.877 = 8770
3 10000 x 0.822 = 8220
4 10000 x 0.770 = 7700
5 10000 x 0.721 = 7210
Adding the discounted cash flows we get the value of Net present value and that is equal to $28756.79
What would likely raise Olivia's reservation wage is if Olivia learns that the job is more challenging than she initially thought
Reservation price is the least amount of wage that a worker would be willing to accept for services rendered.
<em><u>Factors that lead to changes in reservation wages</u></em>
- Finances: a worker that is in debt or in desperate need of money would have a lower reservation wage when compared with a person that is debt-free. For example, the reservation wage of a billionaire would be higher than the reservation wage of an homeless individual.
- Nature of the job: the more challenging a job is, the higher the reservation wage that would be demanded by a worker.
- Length of unemployment: the longer a person has been unemployed for, the lower the reservation wage.
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Answer:
The answer is "Option D".
Explanation:
Using the formula for calculating present value:
that's why "Option D" is correct.
Answer:
$30,000
Explanation:
Warranty liability is a liability account used to report the expected amount of repairing or replacing products already shipped. It's a contingency liability and it should be recorded independently from the actual warranty costs. Therefore, warranty liability, in this case, is:
$600,000 * 0.05 = $30,000
The estimated warranty liability reported in the balance sheet this year is $30,000
