It will take [tex]5[/tex] years for principal [tex]\$1,200[/tex] to amount [tex]\$1,650[/tex] at [tex]8\%[/tex] simple interest.
What is principal?"Principal is the amount which is taken by an individual as a loan."
What is amount?"Amount is the total money paid back at the end of the time period for which it was borrowed."
What is simple interest?"Simple interest is the interest calculated on the principal amount."
Principal [tex]P=\$1,200[/tex]
Amount [tex]A=\$1,650[/tex]
Rate [tex]R=8\%[/tex]
Simple interest [tex]S.I=A-P[/tex]
[tex]=1650-1200\\=\$450[/tex]
Formula to be used
[tex]S.I=\frac{PRT}{100}[/tex]
[tex]450=\frac{(1200)(8)(T)}{100} \\T=\frac{(450)(100)}{(1200)(8)} \\T=4.6875\\T=5[/tex]
Hence, the number of years is [tex]5[/tex] years.
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What factors are held constant along a given demand curve for a good?
a. the price of the good
b. the technology used to produce the good
c. the supply of the good
d. consumer incomes and the prices of other goods?
Research suggests that the most important determinant of new product success is:
The answer is managerial behavior. It is because this is the most important determinant of new product success because of its application and function of having to provide an increase with the participation of employees and the products that are being consumed by the consumers.
The use central bank policies to influence the level of economic activity is called
Elaine is upset with her group members because she wanted to lead the group but is not allowed to. She found that other group members are also finding it difficult to adjust in their roles. Which stage of group development is Elaine’s group going through?
Using Tuckman’s stages of group development, we know that Elaine’s group is going through a stage called storming.
In this stage of group development, aside from having difficulties in adjusting to their roles, Elaine’s group and group members would also experience disagreements regarding priorities, tensions between one another, hostility with each other, and there would also be cliques forming inside the group.
Answer:
storming
Explanation:
plato
A competitive firm should always continue to operate in the short run as long as
The competitive firm will be able to continue and to continue in operating in a short run when there is a certain instance of having the marginal revenue of the company or business to be greater than of the average variable cost.
There are several compelling arguments against job discrimination of any kind. utilitarians reject discrimination because
In the presence of shortages, why would a firm, such as a restaurant with people waiting for a table or a theater with people waiting for a ticket, not raise prices when doing so would seem to increase profits?
List and briefly explain five activities for which a purchasing department normally has responsibility
Public goods tend to be _____ because the provider of the good cannot prevent someone from enjoying the good without paying for it, which means the good is
Public goods are non-excludable and non-rival, which leads to the free rider problem because individuals can benefit from them without paying. Examples include national defense and local streets, typically funded by taxes.
Public goods tend to be non-excludable, meaning that once a public good is provided, no individual can be effectively excluded from its use or benefits. Due to their non-excludable and non-rival nature, they can create a situation where there is an incentive for individuals to not pay for the good since they can benefit from it regardless of their contribution. This contributes to the free rider problem, in which it's difficult for market producers to sell such goods to individual consumers since anyone can use them without bearing the cost.
For instance, national defense is a classic example of a public good. It protects all citizens irrespective of whether they individually contribute to its funding. As a result, public goods like national defense and local streets are typically funded through taxes and provided by the government, thereby solving the free rider problem.
John is a u.s. citizen who bought a house in canada. this purchase will lead to a(n) ________.
a. decrease in the gdp of u.s.
b. decrease in the gdp of canada
c. increase in the gdp of u.s.
d. increase in the gdp of canada
Instructing your broker to buy or sell a stock at a particular price is a:
The party organization is essential because it ______
The party organization is essential as it offers structure, supports candidates, and maintains the party's brand, while also facilitating lawmaking and voicing diverse opinions in Congress.
The party organization is essential because it provides the fundamental structure of a political party and encompasses its active members who are responsible for coordinating party behavior and supporting candidates. This organization is essential to the political process as it undertakes the crucial responsibilities of building and maintaining the party's brand, as well as playing a pivotal role in the selection and election of public office candidates. Moreover, it adds to the efficiency and discipline of Congress through organizational structure, aiding in lawmaking and representing the majority and minority opinions within the government.
Suppose a country's annual growth rate of real gdp per capita is approximately 2%. by which year would the country double its real gdp per capita from $10,000 in 1950 to $20,000?
a.1970
b.1985
c.2000
d.2005
Sally runs a hair styling salon. sally is a profit-maximizing owner whose firm operates in a competitive market. the marginal cost of a haircut is $15. what is the maximum wage that sally will pay her stylists?
A business subunit that consists of a collection of functions or departments that share responsibility for producing a particular product or service is known as a(n) _____.
The answer is division. It is essential in business or a company as this carries out a function of having to divide and share tasks and responsibilities of the people and in regards of having to manage the products and services for the market.
If you wanted to find the job description for a certain job, where should you look?
Menu costs of inflation: a. are best described as the costs firms incur by having to change prices either on paper or in the computer. b. are the costs involved with only those goods whose prices are rising faster than inflation; this basket of goods represents the "menu." c. literally mean that restaurants are the most affected by inflation because they are constantly printing new menus. d. mean that because we can choose what goods we consume, we have a menu of inflation to choose from and we can "opt out" by consuming a different "basket" of consumer goods. e. are the costs one incurs when shopping for lower prices.
Menu costs of inflation are the expenses firms incur when they have to change prices due to inflation and are best described as the costs businesses face when they need to adjust their prices.
Explanation:The correct answer is option A: Menu costs of inflation are best described as the costs firms incur by having to change prices either on paper or on the computer.
Menu costs refer to the expenses businesses face when they need to adjust their prices due to inflation. These costs are associated with the need to print new price lists, update computer systems, and communicate price changes to customers.
For example, a company might have to print new catalogues or update their website prices, and these expenses add up. Menu costs are one of the many types of costs businesses encounter as a result of inflation.
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Use of the gdp deflator allows economists to estimate the real rate of growth of the economy.
a. True
b. False
Collins machinery has used lifo inventory valuation for the past 10 years. over those 10 years, the prices of inventory have continued to increase. this would result in ________ reserve.
Francine installed a new pool for $11,320 using a 12-month deferred payment plan with an interest rate of 20.67%. what is the balance after the deferment period if payments of $436 are made each month?
Which government agency has the authority to ban or seize potentially harmful products and set severe penalties for violation of the law?
a. the food & drug administration (fda)
b. the consumer product safety commission (cpsc)
c. the federal trade commission (ftc)
d. the environmental protection agency (epa)
e. the small business administration (sba)?
Exterminators have observed that their hydramethylnon-corn syrup baits initially work for attracting cockroaches, but the effectiveness lessens over time. does this mean that the aversion trait evolves in the cockroach populations exposed to the bait
It's possible that the cockroaches are evolving a resistance to the poison in the baits. This is a process known as natural selection, similar to observed resistance in other insects such as fruit flies and mosquitoes. Over time, resistant individuals proliferate and the effectiveness of the bait decreases.
Explanation:The fact that hydramethylnon-corn syrup baits initially work for attracting cockroaches, but the effectiveness lessens over time suggests a possible development of resistance in the cockroach population, which is a biological phenomenon that could be understood within the context of evolution. When a population is exposed to an adverse condition like a poison, individuals with traits that enable them to survive and reproduce in spite of that condition can proliferate, while susceptible individuals are eliminated. Over time, the frequency of the resistant trait can increase in the population, a process known as natural selection.
The concept is similar to the observed resistance to DDT in fruit flies and mosquitos. These insects developed resistance to widely used chemicals and passed these resistant traits onto their offspring. As the resistant population expanded, the effectiveness of the chemicals reduced. A similar phenomenon can occur in the cockroach population when exposed to the hydramethylnon-corn syrup bait consistently. As time goes by, the cockroaches that have traits to avoid or resist the poison will survive and pass these traits on to their offspring, reducing the effectiveness of the bait.
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The correct answer is that the observed decrease in effectiveness of hydramethylnon-corn syrup baits over time could suggest that an aversion trait is evolving in the cockroach populations exposed to the bait.
The logic behind this answer is based on the principles of natural selection and evolution. When a population of cockroaches is exposed to a toxic bait, individuals that have a natural aversion or resistance to the bait are more likely to survive and reproduce. Over time, the genes responsible for this aversion or resistance become more prevalent in the population.
Initially, the bait is novel to the cockroach population, and most individuals do not have an aversion to it. The sweetness of the corn syrup attracts the cockroaches, and they consume the bait, which contains the toxicant hydramethylnon. As a result, many cockroaches are killed, and the bait appears to be effective.
However, with repeated exposure to the bait, the cockroach population undergoes selective pressure. Individuals that are less attracted to the bait or that have physiological mechanisms allowing them to detoxify or tolerate the hydramethylnon are more likely to survive and pass on these traits to their offspring. As these traits are heritable, over successive generations, the proportion of the population with an aversion or resistance to the bait increases.
This process can lead to a decrease in the effectiveness of the bait, as fewer cockroaches are attracted to it or are affected by its toxic properties. The development of such traits is an example of an evolutionary response to control measures, highlighting the adaptability of pest species like cockroaches and the challenges faced in pest management.
In summary, the decrease in the effectiveness of the bait suggests that the cockroach population is evolving, with an increasing prevalence of individuals that either avoid the bait or are resistant to its toxic effects. This is a classic example of how pest control strategies can inadvertently select for traits that make the pests more difficult to control over time.
A country’s real gdp rose from 500 to 550 while its nominal gdp rose from 600 to 770. what was this country’s inflation rate?
The inflation rate can be calculated by finding the difference between the nominal GDP growth and the real GDP growth, and then dividing it by the real GDP growth. In this case, the inflation rate is 240%.
Explanation:The inflation rate can be calculated by finding the difference between the nominal GDP growth and the real GDP growth, and then dividing it by the real GDP growth. In this case, the nominal GDP rose from 600 to 770, which is an increase of 170. The real GDP rose from 500 to 550, which is an increase of 50. Therefore, the inflation rate is (170 - 50) / 50 = 240%.
Scientists in _______ discover new products and processes and improve current technology.
legal services
research and development
cooperate management
marketing
Garza company had sales of $144,200, sales discounts of $2,175, and sales returns of $3,460. garza company's net sales equals:
Garza Company's net sales are calculated by subtracting sales discounts and sales returns from the total sales, resulting in net sales of $138,565.
The student has asked to calculate the net sales for Garza Company. To compute the net sales, we must subtract both sales discounts and sales returns from the total sales. Here, Garza Company's total sales amount to $144,200, sales discounts are $2,175, and sales returns are $3,460.
Net sales = Total sales - Sales discounts - Sales returns
Net sales = $144,200 - $2,175 - $3,460
Net sales = $144,200 - $5,635
Net sales = $138,565
Therefore, Garza Company's net sales equal $138,565.
Which of the following defines market research?
A: The process of collecting, storing, and retrieving data in electronic files.
B: The process of dividing a market into categories of of customer types.
C: The process of fixing, adapting, and communicating the nature of the product itself.
D: The study of consumer needs and wants, and the ways in which sellers can best meet them.
Gillette modified its fusion shaving system with the addition of proglide, a five-blade shaver with an additional blade on the back for trimming. its shaving products are most likely in the __________ stage of the product life cycle.
Its shaving products are most likely in the growth stage of the product life cycle because they were able to provide a more advantageous product than any other shaving products that has been introduced or has been shown to the consumers.
A company provides wages to its employees based on the amount workers produce. the more employees produce, the more they earn. this type of plan is called:
The type of business plan according to the example above is called a commission plan. Commission plan refers to an arrangement that pays employees based on performance.
Further explanation
A commission plan is the best strategy in motivating the employees with an incentive instrument. It is generally payable to an employee to sell some products or services. A commission can be paid a percentage or a flat sum depending on the volume of sales. To calculate commission, you may multiply the relevant commission rate by the basis for a given period.
There are 3 types of commission paid to employees, such as:
• Straight commission
It means the entire commission of the worker is paid based on a proportion of their total sales. For extremely skilled and motivated employees, this can be a very profitable agreement.
• Base salary plus commission
The employee guaranteed base salary, plus a proportion of their revenues in a specified period, it is preferred by many employees. Because it brings benefit to the worker that during slower sales periods they can depend on their basic salary.
• Residual commission
This is prevalent in insurance companies where the employee would still receive a proportion of payments from his/her customers as long as the customer remains with the company.
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Keyword: Business plan, business strategy, commission plan
Subject: Business
Class: 10-12
Sub-chapter: Management
When prisly inc. introduced a liquid detergent in the market, it noticed that the sales of its detergent powder significantly declined. prisly inc.'s loyal customers who previously purchased detergent powder switched to liquid detergent. as a result, prisly inc. was forced to reduce production of its detergent powder. this scenario exemplifies?
Ragu, a spaghetti sauce maker, has decided to launch its most popular sauce flavors in a small pouch format that is more convenient to use. when they choose to launch their most popular sauce flavors, which are “tried and true”, instead of new flavors, ragu is seeking to minimize consumers' perception of ________.