Amount in the bank $23479
amount deposited is 25% this will be equal to:
25/100*23479
=$5869.75
The total amount in the bank is:
23479+5869.75
=$29348.75
the percentage she must withdraw for her to remain with the initial amount is:
5869.75/29348.75
=0.2
=20%
The GDP deflator for this year is calculated by dividing the used by the using and multiplying by 100. However, the CPI reflects only the prices of all goods and services; therefore the correct option is True.
The GDP deflator for this year is determined by multiplying by 100, then dividing the value of all goods and services produced in the economy this year at prices from this year by the value of all goods and services produced in the economy this year at prices from the base year. The CPI, however, only includes the costs of all consumer purchases of goods and services.
The CPI, a different economic term used to describe the consumer price index, and the GDP deflator are closely related. The GDP deflator can determine if there was inflation or deflation in the national economy for a specific year by using the CPI.
Therefore the correct option is True.
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Answer:
Difference between primary needs and secondary needs: Primary needs: The primary needs are the basic requirements according to biological demands like oxygen for breathing, water for overcoming thirst, food for living and shelter. The secondary needs are the needs that remain even after the primary needs are satisfied
Description
Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. ... People with appropriate financial literacy training make better financial decisions and manage money better that those without such training
Answer: The answer is EOQ = 591.61 unit.
Explanation:EoQ =
√2DS/H
Where
D= demand in unit
S = ordering cost
H= Holding Cost
Demand =1,400
× 400 = 560,000 per year
Order Cost $25
Holding Cost = 20% of unit cost
20/100× 400 = $80 per item per year
√2DS/H
√2×560,000×25/80
√28,000,000/80
=√350,000
= 591.61
EOQ = 591.61 unit
If the owner orders 300 or more
300×400
=120,000
The discount will be
55/100×120,000
=66,000
120,000 - 66,000
=54,000
He should take the discount
