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Home Question Bank Economics Archive 2024 November 01

Economics Questions from Nov 01,2024

Browse the Economics Q&A Archive for Nov 01,2024, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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4. If the capacity of a venue is 3,000 . And the ticket prices are as follows: \( 500 @ \$ 5 \) \( 1500 @ \$ 35 ; 1000 @ \$ 25 \). What is the Gross Potential for this show? 1. What is the definition of the Gross Potential? Explain how you calculate for it. Eastern Aviation Equipment pays Barbara Martinez a \( \$ 2570 \) monthly salary plus a \( 4 \% \) commission on merchandise she sells each month. Assume Barbara's sales were \( \$ 20,000 \) for last month. Calculate the following amounts: Person A deposits \( \$ 2650 \) in an account that pays \( 3 \% \) interest compounded once a year. Person B deposits \( \$ 2200 \) in 1 an account that pays \( 4 \% \) interest compounded monthly. Complete parts (a) through (c) below. Click the icon to view some finance formulas. a. Who will have more money in their account after one year? How much more? Select the correct choice below and fill in the answer box within your choice. (Round to the nearest dollar as needed.) A. Person B will have \( \$ \) more than Person A. B. Person A will have \( \$ \square \) more than Person B. At the time of her grandson's birth, a grandmother deposits \( \$ 1000 \) in an account that pays \( 4 \% \) compounded monthly. What will be the value of the account at the child's twenty-first birthday, assuming that no other deposits or withdrawals are made during this period? Click the icon to view some finance formulas. The value of the account will be \( \$ \) (Round to the nearest dollar as needed.) How much money should be deposited today in an account that earns \( 8 \% \) compounded semiannually so that it will accumulate to \( \$ 10,000 \) in three years? 0 of 1 (i) Click the icon to view some finance formulas. The amount of money that should be deposited is \( \$ \square \) (Round up to the nearest cent) Determine whether the following statement is true or false. If the statement is false, make the necessary change(s) to produce a true statement. According to the Rule of 72 , an investment with an effective annual yield of \( 9 \% \) can double in eight years. Choose the correct answer below. A. The statement is false. The true statement is "According to the Rule of 72 , an investment with an effective annual yield of \( 9 \% \) can double in ten years." B. The statement is true because if you divide 72 by the effective annual yield without the percent sign, you will get eight years. C. The statement is false. The true statement is "According to the Rule of 72 , an investment with an effective annual yield of \( 9 \% \) can double in seven years." D. The statement is false. The true statement is "According to the Rule of 72 , an investment with an effective annual yield of \( 9 \% \) can double in six years." Determine whether the following statement is true or false. If the statement is false, make the necessary change(s) to produce a true statement. At a given annual interest rate, your money grows faster as the compounding period becomes shorter. A. The statement is false. At a given annual interest rate, your money grows faster as the compounding period becomes longer. B. The statement is true. C. The statement is false. At a given annual interest rate, your money grows slower as the compounding period becomes shorter. D. The statement is false. At a given annual interest rate, your money grows in the same manner as the compounding period becomes shorter. 9. ¿De qué porcentaje debe ser el interés que se cobre por los \( \$ 65.000 \), si se espera una ganancia de \( \$ 26.000 \), en total por dos meses? \( \begin{array}{ll}\text { A. } 2 \% & \text { \&. } 20 \% \\ \text { C. } 26 \% & \text { D. } 6 \%\end{array} \) Un capital de \( \$ 65.000 \) se presta. Mensualment por este dinero se gana un \( 5 \% \) de intereses. . La expresión que permite hallar el valor er pesos de los intereses de dicho préstamo, es:
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