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Economics Questions from Jan 21,2025

Browse the Economics Q&A Archive for Jan 21,2025, featuring a collection of homework questions and answers from this day. Find detailed solutions to enhance your understanding.

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You hear on the news that over the next 5 years, the inflation rate will skyrocket to \( 12 \% \). If today a new Blu-ray movie costs \( \$ 19.99 \), assuming continuous compounding, how much will that same disk cost in 5 years? Round your answer to the nearest cent (hundredth). A video game costs \( \$ 60 \) today. It the inflation rate is \( 4.75 \% \) and is compounded continuously how much will this same video game cost in 5 years? Round your answer to the nearest cent (hundredth). A video game costs \( \$ 60 \) today. If the inflation rate is \( 4.75 \% \) and is compounded continuously how much will this same video game cost in 5 years? Round your answer to the nearest cent (hundradth) Salaries usually grow at a rate around \( 2 \% \) annually. If your starting salary is \( \$ 41,600 \), how much would you be making after 40 years with the company? You may assume continuous compounding. Round your answer to the nearest cent (hundredth). ( Terry started his business by vansferting R6 000 cash and a vehicle worth R50 0. into the business as capital. 2 Paid RBO for cell-phone charges Bought 100 T-shirts on acoount from IS Manulacturers 4 Boud 30 T-shirs for cash and deposited tis into the bank acoount. (Also enter the cost price of the T-shirts soid). 5 Paid R80 for one advertisement in the Highway Mail. 9 Sold 20 T-shints for cash and deposited this into the bank account. (Also enter the cost price of the T-shirts sold) 11 Paid R300 for petrol. 14 Sold 30 T-shirts for cash He deposited this money into the bank acoount. (Also enter the cost price of the T-shirts sold) 15 Seltled the amount owed to TS Manufacturers (refer to the 3rd) 16 Terry withdrew R2 500 cash for personal use. 18 Terry took 5 T-shirts home for personal use 19 Received a loan from JK Loans, R10 000 21 Bought another 200 T-shirts on account from TS Manufacturers. 23 Placed 5 advertisements in the Highway Mail and paid R80 each. 24 Paid R400 for petrol. 26 Sold 90 T-shirts for cash. Deposited this money into the bank account. (Also enter the cost price of the T-shirts sold). 27 JK Loans charged interest of R80 to the loan aconunt. (This must be capitalised added to the loan account) 28 Terry drew R8 000 cash plus a further 3 T-shirts for personal use 29 The bank statement reflected interest of R15 on the bank account, and bank actions - April 20.5: Terry started his business by transferring R6 000 cash and a vehicle worth R50 into the business as capital. Paid R80 for cell-phone charges Bought 100 T-shirts on account from TS Manufacturers. Sold 30 T-shirts for cash and deposited this into the bank account. (Also enter the cost price of the T-shirts sold). Paid R80 for one advertisement in the Highway Mail. Sold 20 T-shirts for cash and deposited this into the bank account. (Also enter the cost price of the T-shirts sold). Paid R300 for petrol. Sold 30 T-shirts for cash. He deposited this money into the bank account. (Also enter the cost price of the T-shirts sold). Settled the amount owed to TS Manufacturers (refer to the 3rd). Terry withdrew R2 500 cash for personal use. Terry took 5 T -shirts home for personal use. Recelved a loan from JK Loans, R10 000. Bought another 200 T -shirts on account from TS Manufacturers. Placed 5 advertisements in the Highway Mail and paid R80 each. Paid R400 for petrol. Sold 90 T-shirts for cash. Deposited this money into the bank account. (Also enter the cost price of the T-shirts sold). JK Loans charged interest of R80 to the loan account. (This must be capitaliseo added to the loan account) Terry drew R8 000 cash plus a further 3 T-shirts for personal use. The bank statement reflected interest of R15 on the bank account, and bank charges of R70. Repaid R5 000 of the loan. 6 Bekenen Bekijk de afbeelding hieronder. In 2020 en 2021 was er driemaal een extra accijnsverhoging op een pakje van 20 sigaretten. a Bereken de totale accijnsverhoging in die twee jaar per sigaret. Rond af op drie decimalen. Volgens de overheid is een verhoging van de tabaksaccijns een goede maatregel om het roken tegen te gaan. Describe how the Midwest has contributed to the United States' economy The Smoot-Hawley Tariff Act, a law which raised taxes on goods imported into the U.S, was designed to protect American businesses from foreign competition. Watch this 3 minute video before answering the question: Explain in your own words how this act contributed to the Great Depression. (6 points) What was the purpose of the Securities and Exchange Commission (SEC)? (1 pt) (1 point) To regulate agricultural practices To oversee labor unions To regulate the stock market and prevent fraud To establish new transportation systems
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