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Home Question Bank Economics Archive 2024 November 02

Economics Questions from Nov 02,2024

Browse the Economics Q&A Archive for Nov 02,2024, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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Moneysaver's Bank offers a savings account that earns \( 9.5 \% \) interest per year, compounded continuously. If Keisha deposits \( \$ 1800 \), how much will she have in the account after five years, assuming she makes no withdrawals? Do not round any intermediate computations, and round your answer to the nearest cent. Thornton Corporation is a manufacturing company that makes small electric motors it sells for \( \$ 40 \) per unit. The variable costs of production are \( \$ 25 \) per motor, and annual fixed costs of production are \( \$ 405,000 \). Required a. How many units of product must Thornton make and sell to break even? b. How many units of product must Thornton make and sell to earn a \( \$ 75,000 \) profit? c. The marketing manager believes that sales would increase dramatically if the price were reduced to \( \$ 35 \) per unit. How many units of product must Thornton make and sell to earn a \( \$ 97,500 \) profit, if the sales price is set at \( \$ 35 \) per unit? Campbell Corporation sells products for \( \$ 43 \) each that have variable costs of \( \$ 14 \) per unit. Campbell's annual fixed cost is \( \$ 664,100 \). Required Use the per-unit contribution margin approach to determine the break-even point in units and dollars. Benson Corporation produces products that it sells for \( \$ 19 \) each. Variable costs per unit are \( \$ 10 \), and annual fixed costs are \( \$ 181,800 \). Benson desires to earn a profit of \( \$ 39,600 \). Required a. Determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit. If you invest \( \$ 6900 \) in a fund that pays \( 10 \% \) annual interest compounded monthly, how much will you have after 9 years? You will have \( \$ \square \) in your account after 9 years. (Round to the nearest cent as needed.) The price of a pair of shoes is normally \( \$ 95 \). In the sale the price is reduced by \( 30 \% \). What is the sale price? After the sale the price is increased by \( 30 \% \) again. What are the shoes' new non-sale price? Explain why reducing something by \( 30 \% \) and then increasing it again by \( 30 \% \) will not give the original amount. Una tienda departamental ofrece una tarjeta de crédito con la promoción permanente de regresar en efectivo \( 3 \% \) de las compras hechas para su reembolso anual. Héctor recibió un total de \( \$ 555 \) en el primer año. ¿Cuánto gastó en ese periodo? Una chamarra que costaba \( \$ 560 \) bajó \( 25 \% \) de precio. Dos semanas después, bajó \( 25 \% \) sobre el precio ya rebajado. El vendedor asegura que la chamarra ha sido rebajada \( 50 \% \) ¿será cierto?. Escribe el precio final de la chamarra. Chapter 6 - Reading Quiz Score: \( 0 / 50 \) Answered: \( 1 / 11 \) Question 2 You can afford a \( \$ 450 \) per month car payment. You've found a 4 year loan at \( 3 \% \) interest. How big of a loan can you afford? Question Help: Video 1 Video \( 2 \square \) Message instructor Submit Question The value \( v \) of a bank account in which \( \$ 50 \) is invested at \( 1.00 \% \) interest, compounded annually is given by the equation below where \( t \) is the time in years. Find the value of the account after 3 years. \[ v=50(1.0100)^{\prime} \]
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