Which term describes a situation where the quantity of output rises, but the average cost of production falls?.

Suppose you are committed to owning a $215,000 ferrari. if you believe your mutual fund can achieve an annual return of 10.8 per

Pie

Answer: I must invest $85424.14 today in order to buy a Ferrari nine years from now on the day I turn 30.

We have

Price of the Ferrari nine years from now (Future Value - FV) $215000

Expected Rate of return on the mutual fund (r) 10.8%

Time until I turn 30 (n) 9 years

We can calculate the Present Value (PV) or the money to be invested today as

$\mathbf{PV = \frac{FV}{(1+n)^{n}}}$

$PV = \frac{215000}{(1+0.108)^{9}}$

$\mathbf{PV = 85424.14022}$

6 0

3 years ago

Thick fish steaks are also known as Viscera Fillets Fins Darnes

Wewaii [24]

Answer:

Thick fish steaks are also known as fillets 

Explanation:

Filets do not contain any bits of the more prominent bones, yet a few species have littler, intramuscular bones (called pins) inside the tissue.

A fish filet, from the French word filet, which means a string or strip, is the substance of a fish that has been removed or cut from the bone by cutting the long way along one side of the fish parallel to the spine. In anticipation of filleting, any scales on the fish ought to be expelled.

7 0

4 years ago

An activity-based costing system ______. requires substantial resources provides benefits of improved accuracy that always outwe

Mashcka [7]

Answer:

1. Requires substantial resources.

2. produces different numbers than a traditional system.

3. Is costly to maintain.

Explanation:

Activity-based costing (ABC) system is a method of accounting assigns the total cost of activities such as manufacturing overhead costs and indirect costs necessary to produce a product or provide a service.

Basically, an activity-based costing (ABC) system is focused on the cost drivers associated with the respective activities, which are responsible for cost to be incurred. The cost drivers are activities such as direct labor, purchase order, machine use etc.

Hence, an activity-based costing system requires substantial resources, produces different numbers than a traditional system and is costly to maintain.

5 0

3 years ago

True or false: if society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with lower costs

Talja [164]

True: if society wishes to reduce overall pollution by a certain amount, it is efficient to have firms with lower costs reduce greater amounts of pollution than those with higher costs

4 0

3 years ago

Put the phases of the business cycle in the correct order in which they follow a recession.first phase depression recovery boom

Mama L [17]

Answer:

Depression, Recovery, Boom and Recession

Explanation:

A business cycle shows the increase and decrease in Gross Domestic Product (GDP) of the natural growth rate of a country's economy. This involves, employment, wages, productions, investments, prices and credits. The stages of business cycle include, expansion, peak, recession, trough and recovery.

Expansion shows the boom in economy growth rate. A positive increase in employment, productions, incomes, wages, demand, supply and profits happens at this stage.

Depression shows the decline in a country's economic growth. It results in high rate of unemployment.

Peak is the stage where a country's economy rises. It involves increase in the economy's growth rate.

Recession is the stage where there is rapid and steady decline in the demands for good and services.

Trough shows how an economy's growth rate decreases. At this stage, banks do not lend out money.

Recovery involves change from negative to positive economic growth rate. The economy continues to improve until it stabilizes.

6 0

4 years ago