18.25%
0.05% x 365 (days in a year)
Answer:
The correct answer is A. Both Laura and Cassie are correct.
Explanation:
Since Laura says that the present value of $ 700 to be received one year from today if the interest rate is 6 percent is less than the present value of $ 700 to be received two years from today if the interest rate is 3 percent, and Cassie says that $ 700 saved for one year at 6 percent interest has a smaller future value than $ 700 saved for two years at 3 percent interest, to determine who is right, the following calculations must be performed:
700 x 1.06 = 742
700 x 1.03 ^ 2 = 742.63
Therefore, both Laura and Cassie are correct in their claims.
I believe the taxes increased, because a lot of American citizens are under paid for their hard labor and work..
Answer:
<u>Innovation theory of profit.</u>
Explanation:
The theory of profit innovation was defined by <em>Schumpter</em>, and corresponds to the economic profit that a company can achieve through the innovation of products and services offered.
The role of the entrepreneur is to offer successful innovations that will influence his performance in the market and consequently increase his profit.
Therefore, according to<em> Shumpeter</em>, innovation corresponds to any set of policies that will help an organization to reduce costs related to the production process or increase demand for products and services.
