Answer:
4,712 fingerlings
Explanation:
The amount that a sum will accumulate to at the end of a particular number of period if it grows at a certain rate per annum is given as
F= A× (1+g)^(n)
F- Sum at the end of the period, A- sum at the beginning of the period, n- number of period, g -growth rate
5,000= A× (1.02)^(3)
a= 5000/(1.02^3)
a= 4711.61
The population at the start of fingerlings = 4,712
Answer:
Explanation:
Firs, find the markup amount in dollars;
Markup amount = Cost * markup rate
Cost = $22
markup rate = 30% or 0.30 as a decimal
Markup amount = 0.30*22 = $6.6
Next, find the retail price using the markup amount calculated above;
Retail Price = Markup amount + cost
Retail price = $6.6 +$22
= $28.6
Therefore, the sneakers retail price is $28.6
Answer:
$175,000
Explanation:
Conversion costs are production costs that must be incurred in order to change raw materials into products.
Therefore, we have:
Total of the conversion costs = Cost of clay used in production + wages paid to the workers who paint the figurines = $76,000 + $99,000 = $175,000
Answer: Price of bricks will increase
Explanation: Since Stone and bricks are substitutes to each other, a rise in the price of stone due to the new regulation will lead to a rise in the demand for bricks. Since bricks are now relatively cheaper as compared to stones after the price rise, people will use more bricks than stones. This will shift the demand for bricks to the right driving upwards the price for bricks and also increase the quantity of bricks being sold in the market.
