Answer:
D. Many Levaskans who already had long-term savings have steadily been transferring those savings into the special accounts.
Explanation:
Well it is provided that in order to encourage savings in the country the government has planned to provide the interest tax free returns on these investments.
Now, it clearly means that earlier there were no tax savings on long term returns on investments like this.
Therefore, people who were already investing in long term savings will now be shifting to these savings account as will provide tax free return.
Thus, correct statement is D.
D. Many Levaskans who already had long-term savings have steadily been transferring those savings into the special accounts.
Answer:
a) k = $1734.86 per year
b) $5244.02
Explanation:
Principal ( borrowed ) = $6900
Annual interest rate = 18% ( compounded continuously )
Borrower makes a continuous payment at a constant rate : $k per year
<u>a) Determine payment rate required to payoff loan ( in 7 years )</u>
let loan at time ( t ) = x
x = $6900 , at t = 0
rate of increase of loan amount = 0.18x
rate of decrease of loan amount = k
∴ net change of loan x
= dx/dt = 0.18x - k
hence ; dt = dx / ( 0.18x - k )
k = $1734.86 per year
attached below is a part of the solution
<u>b) Determine how much interest is paid during 7-year period</u>
Interest paid in 7 years
= Amount paid - principal amount
= ( 1734.86 * 7 ) - 6900
= $5244.02
Answer:
Target dollar sales = $353,333
Explanation:
First we need to find out how much contribution do we need to get a profit of 70,000.
Profit= Contribution - Fixed cost.
70,000=Contribution-36,000
70,000+36,000=106,000
Contribution= 106,000
Now in order to find the sales we will use the formula
Target Sales= Contribution/Contribution margin
Contribution = 106,000
Contribution margin =30%=0.3
Input the values into the formula
106,000/0.3=353,333.333
Answer:
The correct answer is attainable and efficient.
Explanation:
The production possibility curve or frontier shows a different combination of two goods that can be produced using the fixed resources. Each point on the production possibility curve shows the bundles of good that are productively efficient and attainable.
The points below the curve show those bundles which are attainable but productively efficient. The points above the production possibility curve show those bundles which are not attainable because they require more resources. The point where the PPF intersects the vertical axis is both productively efficient as well as attainable.
Not B because i just got it wrong!!