The minimum value of N for which the project will be chosen is 8 years since the IRR of the project is greater than the hurdle rate of 13%.
We know that IRR is the discount rate at which the present value of the cash inflows is equal to the present value of the cash outflows. For calculating the IRR of the project, we need to calculate the present value of the cash flows.
Using the formula of the present value of the annuity,
PV of annuity = Cash Flow x [1- (1 / (1+r)^n)] / r
Where, r = rate of discount, n = number of years
We can calculate the PV of cash flows for N years as follows:
PV of annuity = 200 x [1- (1 / (1+0.13)^N)] / 0.13
PV of annuity = 200 x [1- (1 / 1.13^N)] / 0.13
PV of annuity = 200 x [1- 0.88536] / 0.13
PV of annuity = $926.18
The present value of the cash outflows = $1600
Using the formula of the IRR,IRR = (FV / PV)^ (1/n) - 1
Where, FV = Future value, PV = Present value, n = number of years
We can calculate the IRR as follows:
IRR = 1600 = 200 x [(1-(1/1.13^N)) / (0.13-IRR)] x (1+IRR)^-1 N = 8 years
IRR = 15.35%
Therefore, the minimum value of N for which the project will be chosen is 8 years since the IRR of the project is greater than the hurdle rate of 13%.
Learn more about IRR here: brainly.com/question/31393609
#SPJ11
indiana's dot announces a goal to reduce their motor vehicle death rate so that our rate is proportional to that of illinois. about how many deaths would indiana be able to have to achieve this goal? round your answer to the nearest whole number. state mv deaths population indiana 693 6 million illinois 911 12.4 million ohio 1021 11.35 million michigan 871 9.9 million alaska 64 0.63 million
HTML code is not needed to answer this question as it involves a simple calculation.
To determine how many deaths Indiana would need to reduce its motor vehicle death rate to be proportional to that of Illinois, follow these steps: Calculate the death rate for both Indiana and Illinois by dividing the number of motor vehicle deaths by their respective populations.
For Indiana: 693 ÷ 6,000,000 = 0.0001155For Illinois: 911 ÷ 12,400,000 = 0.0000734Divide the death rate for Indiana by the death rate for Illinois to determine the proportion: 0.0001155 ÷ 0.0000734 = 1.5745Round to the nearest whole number to get the proportion as a percentage: 157%
This means Indiana's motor vehicle death rate is 157% higher than Illinois's. To reduce Indiana's death rate to be proportional to that of Illinois, it would need to decrease by 57%. To find out how many deaths this would be, multiply Indiana's current death rate by the proportion it needs to decrease: 693 × 0.57 ≈ 395. Therefore, Indiana would need to have about 395 deaths to achieve this goal (rounded to the nearest whole number).
You can read more about HTML at https://brainly.com/question/4056554
#SPJ11
explain how simple one industry input-output multiplier works
The Simple One-Industry Input-Output Multiplier (also known as the Simple Economic Multiplier) is a method used to estimate the total impact of an industry on an economy.
It is calculated by dividing the total output (or sales) of the industry by the total input (or purchases) of goods and services that are required to produce that output. This ratio is then multiplied by the total amount of new spending that is generated by that industry. Here is how it works in more detail:
Step 1: Identify the industry to be analyzed. For example, let's assume that we are studying the automotive industry in a particular region.
Step 2: Determine the total output (or sales) of the industry in that region. This could be measured in terms of dollars or some other currency.
Step 3: Determine the total input (or purchases) of goods and services that are required to produce that output. This would include things like raw materials, equipment, labor, and other inputs that are used in the production process.
Step 4: Calculate the ratio of output to input by dividing the total output by the total input. For example, if the automotive industry in our region had total sales of $10 million and total input costs of $8 million, the output-input ratio would be 1.25 ($10 million / $8 million).
Step 5: Determine the amount of new spending that is generated by the industry. This could include things like wages and salaries paid to employees, taxes paid to the government, and profits earned by the industry.
Step 6: Calculate the total impact of the industry by multiplying the output-input ratio by the amount of new spending generated by the industry. For example, if the output-input ratio is 1.25 and the automotive industry generates $5 million in new spending, the total impact of the industry would be $6.25 million (1.25 x $5 million).
This total impact represents the total economic activity that is generated by the industry, including both direct and indirect effects. Direct effects are the initial spending and jobs that are created by the industry, while indirect effects are the secondary effects that are generated as those initial dollars are spent and re-spent in the local economy.
To learn more about industry, visit:
https://brainly.com/question/30539356
#SPJ11
1. What physical skills develop in the first year?
Answer:
Rolling on their tummy's, hand- eye coordination, standing up right, and being able to grasp their own shoes are some physical skills that are developed.
Explanation:
babies steadily gain weight and grow in length throughout this first year, often in growth spurts. Cognitive development . This means how the brain forms its abilities to learn and remember.
Please!!!!!!!!!!!!!!!!!!!!please!!!!!!!!!!!!!!!!!
What is Marketing and why is it important in a global economy? How do you interact with and are
affected by marketing daily?
Answer:
Many companies have become disillusioned with sales in the international marketplace as old markets become saturated and new ones must be found. How can they customize products for the demands of new markets? Which items will consumers want? With wily international competitors breathing down their necks, many organizations think that the game just isn’t worth the effort.
The owner of a bike shop would like to analyze the sales data to determine if the business is growing, declining, or remaining flat. The owner has the following data:
Sales Revenue Last Year =$125,000
Sales Revenue Current Year = $150, 000
What is the Sales Growth?
Do not forget to type the % symbol after multiplying your result by 100 to convert to percentage!
Hint: Your answer will NOT have decimal point.
Example: 75%
Consumers make different purchase decisions when they are in a hurry. this is an example of _____ influencing a purchase situation.
If consumers make different purchase decisions when they are in a hurry. this is an example of time influencing a purchase situation.
What is purchase decision?Purchase decision can be defined as the decision made by buyer when they want to buy a product as to whether they should go for a product or not or when buyers what to choose between two option.
Time can tend to influence a buyer purchase decision in a situation were the buyer is in hurry making them to make different purchase decision.
Therefore If consumers make different purchase decisions when they are in a hurry. this is an example of time influencing a purchase situation.
Learn more about purchase decision here:https://brainly.com/question/7029808
#SPJ1
an object is placed at a distance of 20cm from convex lens of focal length 15cm find the image distance
Answer:
Image distance = 60 cm
Explanation:
Object distance from a convex lens = 20 cm
Focal length of convex lens = 15 cm
Use the following relation between the object distance, focal length and image distance.
\(\frac{1}{object\,\,distance}+\frac{1}{image\,\,distance} =\frac{1}{focal\,\,length}\)
\(\frac{1}{20}+\frac{1}{image\,\,distance}=\frac{1}{15}\\\\ \frac{1}{image\,\,distance}= \frac{1}{15}-\frac{1}{20}\\\\ \frac{1}{image\,\,distance}= \frac{4-3}{60} \\\\ \frac{1}{image\,\,distance}=\frac{1}{60}\)
Therefore,
Image distance = 60 cm
which institution primarily finances economic development projects in less-developed countries?
The institution that primarily finances economic development projects in less-developed countries is the World Bank.
The World Bank is an international financial institution that provides financial and technical assistance to developing countries for various development projects.
The World Bank provides loans, grants, and expertise to help countries implement projects and policies that address their development challenges.
The World Bank's funding comes from member countries, which contribute capital to the institution. It then lends this capital to borrowing countries to support their development efforts.
The Bank offers different types of financial assistance, including project-specific loans, policy-based loans, and grants, depending on the specific needs and circumstances of the borrowing country.
The projects financed by the World Bank cover a wide range of sectors, including infrastructure development, education, healthcare, agriculture, governance, and environmental sustainability.
For such more question on economic:
https://brainly.com/question/28210218
#SPJ8
Doug offers to sell a computer router to Eve, but it is stolen before Eve accepts. Doug:
a. is not required to obtain a similar item for Eve, because it could take an unreasonable period of time to obtain a replacement.
b. is not required to obtain a similar item for Eve, because the theft of the original router terminated the offer.
c. must obtain a similar item for Eve, if Eve offers to pay before delivery.
d. must obtain a similar item for Eve, if Doug tells Eve that he accepts the offer.
Answer:
The answer is B
Explanation:
Since its been stolen he can't offer her anything anymore based on that transaction
Karen makes $10 per hour and is paid time and
half for overtime. If she works 52 hours in a week, home much pay will she receive for the week?
O $400
O $520
O $580
O $660
Answer:
B.$520
Explanation:
52 x 10
=520
Question 9 of 10
If a new source of lumber is found, what is likely to happen to the price of
lumber, and why?
A. The price is likely to increase because demand will increase.
B. The price is likely to increase because costs of production will
increase
C. The price is likely to decrease because demand will decrease.
O D. The price is likely to decrease because supply has increased.
SUBMIT
Answer:
O D. The price is likely to decrease because supply has increased.
SUBMIT
Explanation:
A new source of lumber will result in an increase in the quantity available for sale. As per the laws of supply and demand, an increase in supply without a corresponding increase in demand leads to reduced prices.
The prevailing market price or equilibrium price is the price at which the current demand matches the current supply. There are no shortages or excesses. An increase in supply creates a surplus in the market. For suppliers to sell the excess lumber supplied, they have to reduce prices to create more demand.
Jones Company allocates manufacturing overhead based on machine hours. Each chair produced should require 3 machine hours. According to the static budget, the following is expected to incur: 1,200 machine hours per month (400 chairs x 3 hours per chair) $6,000 in variable manufacturing overhead costs $8,400 in fixed manufacturing overhead costs During January, Jones Company actually used 1,100 machine hours to make 410 chairs. The company spent $5,800 in variable manufacturing overhead costs and $8,100 in fixed manufacturing overhead costs. What is the fixed manufacturing overhead allocation rate (to the nearest cent)
Answer:
the fixed manufacturing overhead allocation rate is $7 per hour
Explanation:
The computation of the fixed manufacturing overhead allocation rate is shown below;
Fixed manufacturing overhead allocation rate is
= Budgeted Fixed overhead ÷ Budgeted allocation base
= $8,400 ÷ 1,200 budgeted machine hours
= $7.00 per hour
Hence, the fixed manufacturing overhead allocation rate is $7 per hour
Search how much it costs to raise a child in the United States today. In your journal assignment write about your findings. What is your opinion on the cost to raise a child? How would it impact your budget? How can you prepare for it when you are getting ready to have children?
Answer: How Much Does it Cost to Raise a Child in the United States Today?
Explanation: It's no doubt, that raising a child can get rather expensive in today's economy. You see, while it can vary due to geography and the cost of childcare, $310,605 is the average amount spent on raising a child born in 2015 to age 17. This amount does not include the cost of paying for higher education, which can easily add $80,000 to $100,000+ per child to the total. However, I personally believe that raising a child, can impact your budget drastically, which is why you should be financially stable before considering starting a family. To prepare yourself for children, one should understand your health insurance, pay down debt, build emergency savings, etc.
{I hope this helped! :)}
when mario's income decreases, he buys more pasta. for mario, pasta is a normal good.
Based on the information provided, we can say that pasta is a normal good for Mario.A normal good is a type of good where the demand for the good increases as the consumer's income increases.
In this case, we are told that when Mario's income decreases, he buys more pasta. This means that as his income decreases, the demand for pasta increases.Since pasta is a normal good for Mario, we can assume that he sees it as a good that provides more satisfaction or utility as his income increases. When his income decreases, he may choose to buy more of this good because it provides him with a higher level of satisfaction compared to other goods that may be too expensive for him
Learn more about pasta:
https://brainly.com/question/14276948
#SPJ4
QUESTION 4
4.1 Mrs Tintswalo Maila owns a metal press shop and is considering expanding her
company to include an advanced machining process plant. If the plant is
successful, her company could realise an additional R200 000. profit. If it fails she
could incur a loss of R180 000. Tintswalo, being the eternal pessimist, estimates a
60% chance that the new plant will fail. Her other option is to build a pilot plant to
help her decide whether to build a complete facility. The pilot plant would cost R10
000 to build and Tintswalo estimates that the pilot has a 50-50 chance of success.
It the pilot plant is successful then there is a 90% likelihood that the full plant will
also be successful. If the pilot plant is unsuccessful then there is a 20% probability
that the full plant will also be unsuccessful. Tintswalo is faced with the problem of
having to decide whether to build a full plant directly from the onset or to first build
a pilot plant and based on its performance, decide whether to build the full plant or
not.
4.1.1 Make use of decision tree analysis to help Mrs Maila decide on the most
appropriate action to take.
Answer:AMS
Explanation:
AMS AKS;
PLEASE HELP I'LL GIVE THE BRAINLIEST
Select the correct answer. Which of the following correctly matches the banking term with the appropriate definition?
A. A deposit is the total amount of money you have in the bank.
B. A withdrawal is an amount of money you take out of the bank.
C. Your balance is the money you put into the bank.
D. All of the above
Answer:
its answer is B a withdrawal is an amount of money you take out of the bank
2- Two firms, A and B, engage in Bertrand price competition in a market with inverse demand given by p = 12 - Q. Firm A has a higher marginal cost:CA > Cg. Whenever a firm undercuts the rival's price, it has all the market. If a firm charges the same price as the rival, it has half of the market. If a firm charges more than the rival, it has zero market share. a) Suppose that CA = 8 and C8 = 3. Find a Nash equilibrium of this game (Pa, Pe) where one of the firms charges its marginal cost. b) Suppose that there are not 2, but n firms with different marginal costs. Any number of firms may also have equal marginal costs. Can we have a marginal cost structure where one firm earns a positive profit? Can we have a marginal cost structure where more than one firm earns a positive profit? Explain.
Yes, we can have a marginal cost structure where one firm earns a positive profit. For example, suppose we have three firms with marginal costs of CA = 10, CB = 8, and CC = 6. In this case, the lowest-cost firm (CC) can charge a price of 6 and still earn a positive profit, because the other firms cannot charge a lower price without losing money.
In this case, we have CA = 8 and CB = 3. To find the Nash equilibrium, we need to find the price at which each firm will charge, given the other firm's price. Let's start with Firm A. If Firm B charges a price of P, then Firm A's profit will be (P - 8)Q, where Q = 12 - P - Q. So, Firm A's profit function is:πA = (P - 8)(12 - P - Q)Similarly, if Firm A charges a price of P, then Firm B's profit will be (P - 3)Q, where Q = 12 - P - Q. So, Firm B's profit function is:πB = (P - 3)(12 - P - Q)To find the Nash equilibrium, we need to find the prices that maximize each firm's profit, given the other firm's price.
Let's start with Firm A:Maximize πA = (P - 8)(12 - P - Q) with respect to P.Taking the derivative of πA with respect to P and setting it equal to zero, we get:-2P + 20 - Q = 0Solving for P, we get:P = 10 - Q/2Similarly, for Firm B:Maximize πB = (P - 3)(12 - P - Q) with respect to P.Taking the derivative of πB with respect to P and setting it equal to zero, we get:-2P + 15 - Q = 0Solving for P, we get:P = 7.5 - Q/2Now, we need to find the values of P and Q that satisfy both of these equations.
Substituting the expression for P from Firm A's profit maximization into Firm B's equation, we get:10 - Q/2 = 7.5 - Q/2Solving for Q, we get:Q = 5Substituting this value of Q into either of the equations for P, we get:P = 7.5So, the Nash equilibrium is (Pa, Pb) = (7.5, 7.5).Yes, we can have a marginal cost structure where one firm earns a positive profit. For example, suppose we have three firms with marginal costs of CA = 10, CB = 8, and CC = 6. In this case, the lowest-cost firm (CC) can charge a price of 6 and still earn a positive profit, because the other firms cannot charge a lower price without losing money.
Learn more about price competition here:https://brainly.com/question/29800371
#SPJ11
Andrew Taylor, a production line worker at Yani Yogurt, spilled an entire vat of milk. The milk must be discarded rather than used in yogurt. Which variance is directly impacted?A. Direct materials quantity varianceB. Direct materials price varianceC. Direct labor efficiency varianceD. Direct labor rate variance
The variance that is directly impacted by Andrew Taylor's spillage of milk is the Direct materials quantity variance. This variance measures the difference between the actual quantity of materials used in production and the quantity that should have been used according to the standards set by the company.
In this case, the spilled milk represents an unplanned and unnecessary increase in the quantity of direct materials used, resulting in a negative impact on the variance. The Direct materials price variance, on the other hand, would be affected if the cost of the milk changed from the expected price, and the Direct labor variances are not related to this situation. This variance measures the difference between the actual amount of direct materials used and the standard amount that should have been used, given the level of production. In this case, the spilled milk must be discarded, resulting in a higher usage of direct materials than planned. This will cause an unfavorable variance, as more materials are needed to produce the same amount of yogurt.
To know more about variance visit:
https://brainly.com/question/9304306
#SPJ11
avani invests money in an account paying a simple interest of 6% per year. if no money will be added or removed from the investment, what should she multiply her current balance by to find her total balance in a year in one step?
The maturity after one year with simple interest P (1.06).
What Is Simple Interest? Simple interest can be used to quickly and easily calculate the interest rate on a loan.Add the principle amount and the number of days between payments to the daily interest rate to determine simple interest.How is it calculated?According to given information
Melanie invests her money into an account that pays a simple interest
And the simple interest rate = 6%
So we can write = 6% = 6./100 = 0.06
So the rate is 0.06
let us assume the invested money is $P
the maturity after one year with simple interest = P + (P×r×t)
principal amount = P
rate of interest r = 0.06
time in years t = 1
so the matured value = P + (P x 0.06 x 1)
The matured value = P + (0.06P)
The matured value = P[1 + 0.06]
Matured value = 1.06(P)
so in on step we can write the matured value with simple interest = principal x (1 + (r/100))
so = 6%
The matured value = P(1.06)
The maturity after one year with simple interest P (1.06).
To know more about simple interest, visit:
https://brainly.com/question/25845758
#SPJ1
Which of the following is not a reason identified by executives that corporate costs are allocated?
Multiple Choice
A. To provide information on the cost of service
B. To discourage use of corporate services
C. To provide information on the cost of service
D. To facilitate awareness of cost control
Option C. “To provide information on the cost of service”. The primary reason for which executives allocate corporate costs is not to provide information on the cost of service.
Cost allocation is an accounting approach that is used to determine the cost of a product, service, or department within an organization. In this method, an indirect cost is divided and assigned to different cost centers that have used those costs. The objective of the cost allocation process is to ensure that the correct cost is assigned to each cost center to determine its cost-effectiveness.
Reasons for Corporate Cost Allocation:
The following are the reasons why corporate cost allocation is necessary:
To Facilitate Awareness of Cost Control: Cost allocation can assist managers in identifying the costs associated with different activities and divisions, which can lead to better decision-making.
To Provide Information on the Cost of Service: Corporate cost allocation also helps in keeping track of the cost of service provided by the different departments of the organization.
To Encourage User Departments to be Cost Conscious: Cost allocation motivates managers to act more responsibly in managing their expenditures, as they have an interest in reducing their costs to the business.
To Determine Price for Outsourced Services: Corporate cost allocation can be used to set the price for services that have been outsourced to a third party, such as transportation or security services.
To Discourage Use of Corporate Services: Corporate cost allocation can be used to encourage employees to reduce their use of corporate services that have been offered, such as IT or legal services. This will make sure that the organization will only pay for the services it needs and uses and not for any additional services not needed. Therefore, the correct option is C, which is “To provide information on the cost of service”.
Know more about Cost allocation here:
https://brainly.com/question/28479949
#SPJ8
Describe your motivation for becoming a licensed cosmetologist/manicurist.
please help
There are several facets to the beauty industry that may be explored, including hair, cosmetics, and fashion, and one of those facets is cosmetology.
It's pleasant and gratifying to be someone who helps other people look their best. A profession as a cosmetologist might be ideal for you if you take pleasure in doing manual labor and consider yourself to be someone who gets along well with others. This is further explained below.
What is a cosmetologist/manicurist.?Generally, Manicurists are certified cosmetologists who focus only on providing manicures. You may get a gel manicure or French tips thanks to their skill with design and application. Moreover, they are well-versed in the care and treatment of nails.
In conclusion, You don't need an obsession with hair, cosmetics, and fashion to succeed in the cosmetology industry. Helping others shine visually is a rewarding and entertaining activity. Become a cosmetologist if you are outgoing, creative, and love using your hands.
Read more about cosmetologists/manicurists.
https://brainly.com/question/9123955
#SPJ1
an individual buying office supplies for an organization is operating in the consumer market.true/false
False.An individual buying office supplies for an organization is not operating in the consumer market, but rather in the business-to-business (B2B) market.
The consumer market refers to the market in which individuals or households buy goods and services for personal use, such as food, clothing, and electronics. In contrast, the B2B market involves businesses buying goods and services from other businesses for their operations, such as raw materials, equipment, and office supplies.Therefore, the individual buying office supplies is acting as a representative of the organization and making purchasing decisions based on the organization's needs and budget, rather than personal preferences.
Learn more about B2B here
https://brainly.com/question/26506080
#SPJ11
When the price of a loaf of garlic bread increases by 5 percent, the quantity of lasagna demanded decreases by 3 percent.Calculate the cross elasticity of demand for lasagna with respect to the price of a loaf of garlic bread.The cross elasticity of demand for lasagna with respect to the price of a loaf of garlic bread is _____
The cross elasticity of demand assesses how precisely the quantity of one commodity is requested in response to a change in the price of another good. It is computed by dividing the percentage change in the first good's quantity sought by the second good's price change. For the cross elasticity of demand for lasagna with respect to the price of a loaf of garlic bread.
Given: the price of garlic bread increases by 5 percent, the quantity of lasagna demanded decreases by 3 percent
How can we calculate the cross elasticity of demand for lasagna w.r.t? To the loaf of garlic bread?
Cross elasticity of demand = (% change in quantity demanded of lasagna) / (% change in price of garlic bread)
The values, we get:
Cross elasticity of demand = (-3%) / (5%) = -0.6
Therefore, the cross elasticity of demand for lasagna with respect to the price of a loaf of garlic bread is -0.6. This means that the two goods are somewhat complementary, as an increase in the price of garlic bread leads to a decrease in the quantity demanded of lasagna.
Learn more about cross elasticity of demand here:
https://brainly.com/question/28206393
#SPJ1
Which of the following statements regarding limited partnerships that are not being disposed of in a taxable transaction is CORRECT?
Losses from a master limited partnership (MLP) may only be used to offset income from the same MLP.
Losses from a nonpublicly traded limited partnership may only be used to offset income from another nonpublicly traded limited partnership.
A)
I only
B)
II only
C)
Neither I nor II
D)
I and II
The correct option is (D), i.e., I and II. Investors admit duty-sheltered distributions from the MLP. MLPs are considered low-threat, long-term investments, furnishing a slow but steady income sluice.
For limited hookups and master limited hookups, the simplest way to explain the difference between the two business structures is that the ultimate is intimately traded while offering the duty benefits of limited cooperation.
Since MLP distributions are a return on capital, they're substantially duty-remitted. But when you vend, you'll pay levies based on the difference between the deal's price and your acclimated base.
To learn more about MLP, visit here
https://brainly.com/question/29301659
#SPJ4
a company's times interest earned ratio is 12.1. this means that a.the company has 12 times more debt than equity. b.the company has more than enough earnings to make its interest payments. c.bondholders are at risk of not receiving their interest payments. d.stockholders are at risk of not receiving their interest payments.
When a company's interest charges earned ratio equals 12.1, it suggests it has more having enough money earnings to cover its interest obligations.
What is a interest payment?When a company's interest charges earned ratio equals 12.1, it suggests it has more having enough money earnings to cover its interest obligations.
Why are interest payments made?In essence, interest is a fee assessed to the lender for using a resource. Cash, consumer items, vehicles, and real estate are all examples of borrowed assets. Since higher rates of interest make lending the same sum of money more expensive, they can be viewed as the "cost of money."
To know more about interest visit:
https://brainly.com/question/18484492
#SPJ4
Can anybody help me ? Can you give me an example to get an idea? Can you help me? please
Answer:
chick fil a
Explanation:
help would be appreciated please :)
Answer:
I believe C is the correct answer because the overall cost of everything would be the cost of the concert and the things that have to do with ir
My other guess is A..
Which type of chart or graph shows data with distinct x and y values?
O a bar graph
O a scatter plot
O a line chart
O a pie chart
Answer:
A. a bar graph is the answer
a retiree invests $5,000 in a savings plan that pays 5% per year. what will the account balance be at the end of the first year?
The retiree's savings plan with a principal amount of $5,000 and an interest rate of 5% per year will earn an interest of $250 in the first year. The account balance at the end of the first year will be $5,250.
To calculate the account balance at the end of the first year, we can use the simple interest formula
I = P x r x t
where
I = Interest earned
P = Principal amount
r = Interest rate
t = Time period
Substituting the given values, we get
I = $5,000 x 0.05 x 1
I = $250
Therefore, the interest earned on the savings plan at the end of the first year is $250.
To calculate the account balance, we need to add the interest earned to the principal amount
Account balance = Principal amount + Interest earned
Account balance = $5,000 + $250
Account balance = $5,250
Therefore, the account balance at the end of the first year will be $5,250.
To know more about Simple interest:
https://brainly.com/question/25845758
#SPJ4
Someone offers to sell you a concert ticket for $50, and you reply, "I’ll give you $40." The seller refuses to sell at the lower price, and you say, "Okay, okay, I’ll pay you $50." Clearly, no contract has been formed because you made a counteroffer. If the seller has changed her mind and no longer wants to sell for $50, she doesn’t have to. But is this fair? If it is all part of the same conversation, should you be able to accept the $50 offer and get the ticket?
When you made a counteroffer of $40, you essentially rejected the original offer of $50 and made a new offer. This means that the seller has the right to accept or reject your counteroffer.
Explanation:You asked if it is fair for the seller to refuse the $50 offer after you initially made a counteroffer of $40 for a concert ticket, and if you should be able to accept the $50 offer and get the ticket if it is all part of the same conversation.
In this situation, no contract has been formed because your counteroffer of $40 essentially rejected the original offer of $50. Legally, the seller has the right to change their mind and refuse the $50 offer after your counteroffer. Whether or not this is considered "fair" can be subjective, but it is important to remember that both parties have the right to accept, reject, or counter an offer during negotiations. If you want to secure the ticket at the $50 price, it is crucial to accept the original offer before making any counteroffers.
In general, it's important to remember that negotiation and bargaining are common in many transactions, including buying concert tickets. It's always a good idea to be respectful and courteous in your negotiations, and to make sure that you are clear about your intentions and expectations. If you want to avoid any confusion or misunderstandings, you may want to consider putting your agreement in writing, or using a third-party service like StubHub or Ticketmaster to purchase tickets.
To know more about purchase of tickets.
visit:
https://brainly.com/question/14592477
#SPJ11