Answer:
The correct answer is $23,260.69.
Explanation:
According to the scenario, the given data are as follows:
Payment (pmt ) = $7,000
Time period (n) = 3
Rate of interest (r) = 5.2%
So, we can calculate the future value by using following formula:
FV = Pmt ( 1 + r)^n + Pmt ( 1 + r)^n-1 + Pmt ( 1 + r)^n-2
By putting the value, we get
= $7,000 ( 1 + 0.052)^3 +$7,000 ( 1 + 0.052)^2+$7,000 ( 1+ 0.052)^1
= $23,260.69
hence, The future value after 3 years will be $23,260.69.
Answer:
The correct answer is letter "A": Neither Italy or New Zealand.
Explanation:
Comparative advantage is the ability of an individual or organization to manufacture its products at a lower opportunity cost than its competitors. The scenario does not imply the individual has an absolute advantage. It actually means it sacrifices less to achieve that goal.
Thus, <em>Portugal has a lower opportunity cost than Italy in producing a bottle of wine. Portugal's opportunity cost is 1/2 while Italy's opportunity cost is 2. Neither Italy or New Zealand (or any other country not mentioned in the example) has a comparative advantage in producing wine</em>.
Answer:
$50 or slightly less
Explanation:
If we assume that there is four persons namely E, S, A and K
The producer surplus is the surplus that shows the difference between the seller value and the seller cost
In the case when the seller bid against each other so here the producer surplus would be $100 or slightly less
Here only one person could able to send the good i.e. person E As the cost to the person would be lowered by the goods value
Therefore the option B is correct
Answer:
Ending invenory= $1,298
Explanation:
Giving the following information:
July 1 Beginning inventory 35 units at $22 $770
July 7 Purchases 124 units at $24 $2,976
July 22 Purchases 18 units at $26 $468
A physical count of merchandise inventory on July 30 reveals that there are 57 units on hand.
<u>To calculate the ending inventory using the LIFO (last-in, first-out) method, we need to use the cost of the firsts units incorporated into inventory:</u>
Ending inventory= 35*22 + 22*24
Ending invenory= $1,298
Answer:
when CWC gives Richie a warehouse receipt for the widgets
Explanation:
