Answer:
Starting from the top to the bottom: profit motive, property rights, international competition, consumer soverignty, wealth creation
Explanation: Edmentum/Plato Answer
Answer:
EAR in first case 9.08%
Second case 8.42%
Explanation:
EAR in first case = 1.08 * 1.01 = 9.08%
In second case = 8/(1 - 0.05)= 8.42%
The second case has a higher EAR because the fee and interest rate is higher than in the second case.***
Answer:
2.4%
Explanation:
The person real rate of interest is the interest which has been adjusted for inflation and can be calculated using the below formula:
(1+r)(1+i)=(1+n)
r= real rate of interest=?
n=nominal rate of interest=4.7%
i=inflation rate=2.2%
(1+r)(1+2.2%)=(1+4.7%)
1+r=(1+4.7%)/(1+2.2%)
1+r=1.024
r=1.024-1
r=0.024
r=0.024*100=2.4%
Answer:
Break-even point in units= 12,900 units
Explanation:
Giving the following information:
Total fixed cost (per period) $ 851,400
Variable cost per unit $ 120
Sales price per unit $ 186
To calculate the break-even point in units, we need to use the following formula:
Break-even point in units= fixed costs/ contribution margin per unit
Break-even point in units= 851,400 / (186 - 120)
Break-even point in units= 12,900 units
Answer:
£3,725
Explanation:
Fixed costs do not change throughout a financial period. They remain constant regardless of the level business output. A business must incur fixed costs as long as it remains open.
From the list provided, fixed costs are
- Rent £2,225
- Salaries £,1,500
Total fixed costs will be £2,225 +£,1,500
= £3,725