Answer:
$2000=Z/(1+i)^1+Z/(1+i)^2+Z/(1+i)^3
Explanation:
let Z be the annual minimum cash flow
The internal rate of approach can be used here, in other words, the rate of return at which capital outlay of $2000 is equal present values of future cash flows
In year 1, present value of cash =X/discount factor
year 1 PV=Z/(1+i)^1
year 2 PV=Z/(1+i)^2
year 3=Z/(1+i)^3
Hence,
$2000=Z/(1+i)^1+Z/(1+i)^2+Z/(1+i)^3
Solving for Z above would give the minimum annual cash flow that must be generated for the computer to worth the purchase
Assuming i, interest rate on financing is 12%=0.12
Z can be computed thus:
$2000=Z(1/(1+0.12)^1+(1/(1+0.12)^2+(1+0.12)^3)
$2000=Z*3.09497902
Z=$2000/3.09497902
Z=$646.21
Try making discount to 5% they will have to pay just a little more for what they are buying. Try moving the payment to 822,000 so you can save the 441 dollars.
Answer:
A) mail questionnaires
Explanation:
the two main advantages of mailed questionnaires are:
- confidentiality/anonymity: people feel free to respond honestly without having to consider other people's reaction to their responses.
- no interview bias: certain personal issues may generate interviewer bias, and mail questionnaires eliminate that possibility by eliminating the interviewer.
So the answers are generally more honest and that is exactly what Maria is looking for.
Answer:
a. Determine the equation for computing Gustin's profit per seminar:
Profit = (Number of people attend the seminar * 50) – 3,500
b. What type of random variable is the number of new accounts opened:
It is a binomial random variable
Explanation:
a.
We have the profit per seminar is equals to:
Profit = Total commission - Total cost of the seminar = Number of attendee * Probability one attendee will opened the account * Commission fee per one new account - 3,500 = Number of attendee * 0.01 * 5,000 - 3,500 = (Number of people attend the seminar * 50) – 3,500.
So, the right equation is : Profit = (Number of people attend the seminar * 50) – 3,500
b.
It is a binomial radom variable because: a account opened/closed is independent from another account opend/closed; one attendee has two possible outcome, either opened or closed.
Answer:
employment increases and a given amount of employment produced more real GDP.
Explanation:
Labor productivity is the measurement of the hourly output of a country's economy. This tells us the amount of GDP that is produced by an hour of labor. On the other hand, GDP (Gross Domestic Product) is the monetary value of all goods and services within a country in a specific period of time. Therefore, when we have an increase in labor productivity, we also have an increase in potential GDP because employment increases and a given amount of employment produces more real GDP.
