Money in the account after four years= 23850.372
Given, P = 20,000
R = 4.5%
T = 1
n = 4
To calculate Compound interest, we will use formula A = P(1 + r/n)^nt
where p = principal amount,
r = rates of interest
n = number of times interest applied per time period
t = number of time periods elapsed
After putting values,
A = 20000(1 + 4.5/4 )^(4*1)
= 23850.372
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Answer:
When Monopolies Are Good. Sometimes a monopoly is necessary. It ensures consistent delivery of a product or service that has a very high up-front cost. An example is electric and water utilities. Brainliest Please
Explanation:
Answer:
d. Government should use fiscal policy to try to stabilize the economy.
Explanation:
Suggesting that the government should use fiscal policy to try to stabilize the economy generates the greatest amount of disagreement among economists because the process of implementing fiscal policy usually experiences lag as it is being slowed down by the political system (bureaucracy) of checks and balances.
Fiscal policy is the use of government expenditures, revenues and tax policies to influence macroeconomic conditions such as employment, inflation and Aggregate Demand (ADl in a specific country.
The benefits of fiscal policy is that investments, savings and growth is usually influenced in the long-run while it basically influences aggregate demand for goods and services in the short-run.
Forgone output is the fundamental economic cost of unemployment. So, output (option (b)) is the right choice.
<h3>Forgone labour output </h3>
Forgone labour output is the amount of money that persons would have made over the course of their remaining working lives, discounted to the current year if they had not passed away too soon. Forgone labour production, like other accounting metrics like the Gross Domestic Product (GDP), is not meant to represent a gauge of society's prosperity. This brings us to the welfare-based approach, which is the second method for estimating the costs of premature death.
The potential for the production of goods and services is lost forever when the economy fails to provide enough jobs for everyone who is able and willing to work.
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Answer:
d. 391,667
Explanation:
Contribution per unit = Selling price - Variable cost = $4 - $2.80 = $1.20
Break even point = Fixed cost ÷ Contribution per unit = $470,000 ÷ $1.20 = 391,667 units
Therefore, the company's breakeven point, i.e., the unit sales volume that would make income equal costs is 391,667 units.