Answer:
B) always downward sloping.
Explanation:
The demand curve for normal goods is always downward sloping because of a combination of three factors:
- the purchasing power of the customers decrease and if the price of a product increases, consumers will be able to buy less even if they don't want to
- consumer surplus decreases since the difference between how much a consumer is wiling to pay for the good and its actual price decreases or even becomes negative, so they will not be willing to purchase it
- as the price of normal goods increases, consumers will tend to increase the quantity demanded for substitute products
<h2>A control total for hours worked, prepared from time cards collected by the timekeeping department.</h2>
Explanation:
An employee should get salary only based on the number days / number hours worked for the organization. So the time card will help the organization to solve the problem.
So the time card should be collected and then only the salary needs to be calculated. The salary calculation should take number of leaves (paid / unpaid), permissions and On-duty in to account so that the expected outcome can be achieved.
Answer:
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Explanation:
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Answer:
(a) future value = $2041396.79
(b) future value = $862308.06
(c) financially suggest to invest early so that here amount fetch maximum returns
Explanation:
given data
rate = 9%
solution
when we invest = $100,000
time t = 35 year
so we get here future value FV
FV = Present value × ...................1
FV = $100,000 ×
FV = $2041396.79
and
when time will be 25 year
future value will be
FV = Present value × .................2
Fv = $100,000 ×
FV = $862308.06
and
we can see difference is large because of the compounding effect
so the financially suggest to invest early so that here amount fetch maximum returns