Since the managers have decide to eliminate two quality control steps in the manufacturing process because they are struggling to meet their quota that was recently increased by upper management, then, this is an unethical behavior that was a result of an unrealistic performance goals.
What is an unethical behavior?Basically, an unethical behavior means an action exhibited by someone, which are oppose to what is expected of such individual occupying such position to act in normal circumstance. These behavior may be exhibited by anyone in power ranging from the presidency to the grass-root public servant.
When we talk about an unethical behavior, we are referring to actions that do not conform to the acceptable standards of business operations or failing to do what is right in every situation. It can be an individual within a business who is unethical in the course of job and in corporate culture, it could be when the whole business is corrupt from the top down with disastrous results for society.
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jackson company is a publicly held corporation whose $1 par value stock is actively traded at $64 per share. the company issued 3,000 shares of stock to acquire land recently advertised at $200,000. when recording this transaction, barton company will
Jackson company is a publicly held corporation whose $1 par value stock is actively traded at $64 per share. The barton company will debit land for $192,000.
Given that
Par value of stock = $1
Actively traded per share = $64
Number of shares issued = 3,000 shares
Acquired value of land = $200,000
By considering the above information, the calculation would be done as follows
Land value would be
= Number of shares issued × actively traded per share
= 3,000 shares × $64 per share
= $192,000
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an individual has $25,000 to invest: $16,000 will be put into a low-risk mutual fund averaging 6.7% interest compounded monthly, and the remainder will be invested in a high-yield bound fund averaging 9.1% interest compounded continuously. (a) write an equation for the total amount, a, in the two investments after t years.
The total value of the investment is [$16,000 x (1.00558)^12t] + [9000t e^0.091].
What is the total value of the investment?The total amount of the investment after t years is the sum of the total value of the amount invested in the low-risk mutual fund and the amount invested in the high-yield bound fund.
FV = P (1 + r)^nm
Where:
FV = Future value P = Present value R = interest rate : 6.7 / 12 = 0.558%m = number of compoundingN = number of years$16,000 x (1.00558)^12t
The formula for calculating future value when there is continuous compounding is : A x e^r x N
Where:
A= amount invested = $25,000 - $16,000 = $9,000e = 2.7182818 N = number of years r = interest rate9,000 x e^0.091 x t
9000t e^0.091
Total value of the investment = [$16,000 x (1.00558)^12t] + [9000t e^0.091]
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Rental cost for offices spaces have been going up at 6. 2% per year compounded annually for the past 5 years. If office space rent is now at a rate of $32 per square foot per month, what were the rental rates 5 years ago?.
The rental rate was $23.70 per square foot per month five years ago if the rental costs have been going up at 6.2% per year compounded annually.
The compound interest formula can be used to solve the rental rates of the office space 5 years ago.
It is given as;
A = P (1 + r/n)^nt
In this formula; P is the initial balance
A is the final amount ($32)
r is the interest rate (6.2% = 0.062)
n is the number of times interest was applied per time period (1)
t is the time periods elapsed (5)
Therefore,
32 = P (1 + 0.062)^5
32 / (1.062)^5 = P
P = $23.70
Therefore, $23.70 is calculated to be the rental rate five years ago provided that the current rent is $32 per square foot per month.
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When considering sales and operations planning for services, a strategy to vary workforce levels, where additional full-time or part time employees are hired during peak demand periods while a smaller, permanent staff is maintained year-round is known as?.
When considering sales and operations planning for services, a strategy to vary workforce levels, where additional full-time or part time employees are hired during peak demand periods while a smaller, permanent staff is maintained year-round is known as tiered workforce.
What do you mean by tiered workforce?Tiered Employment acts as a free resource for hiring by offering employers a continual stream of recommendations from social services and training organizations. Tiered employment also stabilizes a company's personnel, which lowers the expense of turnover.
What is the workforce of a company?Workforce, or the entire number of individuals working for a particular organization or on a certain project, is referred to as the workforce. Additionally, as implied by the phrase itself, the idea of workforce management is strongly tied to the enhancement of employees' productivity.
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You need to decrease your spending to balance your budget. Which budget category is simplest to target for spending cuts?
O Entertainment
O Housing
O Transportation
O Utilities
The entertainment budget category is the simplest to target for spending cuts. Thus option A is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Include them in your internet bill if you frequently purchase scratch cards, play mobile games, or buy stuff, movies, or other TV shows. Your budget won't be made or broken by these modest costs. The easiest budget item to minimize expenditure is entertainment. This was to be made sure that the entertainment is helped in the cuts that the person is spending on.
Therefore, option A is the correct option.
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nicholai is the director of human resources for a small film production firm. he has a strong personal interest in technology and is known throughout the firm as the one with the most knowledge about new kinds of audio equipment. if the firm decides to upgrade its audio equipment, nicholai will probably function in what role in the firm's buying center?
Nicholai is the director of human resources for a small film production firm. If the firm decides to upgrade its audio equipment, Nicholai will probably function in influencer role in the firm's buying center.
The movie business is the same. In fact, the movie industry may have more influencers than any other sector of the global economy. There is a wide variety of talent available because film is such a widely accessible art form. Many people have opinions regarding the industry, including producers, film stars, and editors of film magazines. It might be challenging to distinguish apart in an industry where so many people are well-known.
A leader or executive who inspires or encourages others or subordinates through their methods, strategies, knowledge, innovations, and thoughts is known as an influencer. They guide and aid others in their activities, encouraging them to be responsible and showing empathy for them.
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corporate-level managers/executives are responsible for making decisions that impact profitability and the short-term and long-term success of an organization. to get the information they need, managers rely on output provided from
Corporate-level managers/executives are responsible for making decisions that impact profitability and the short-term and long-term success of an organization. To get the information they need, managers rely on output provided by Transaction Processing Systems (TPS).
A Transaction Processing gadget (TPS) is a form of facts gadget that collects, shops, modifies and retrieves the information transactions of a company.
Transaction processing structures additionally try to provide predictable response times to requests, although this is not as critical as for real-time structures.
Transaction processing systems include laptop hardware and software web hosting a transaction-oriented utility that performs the ordinary transactions important to conduct commercial enterprise.
Examples encompass systems that manager income order access, airline reservations, payroll, employee information, manufacturing, and shipping.
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If a bank has $100,000 of checkable deposits, a required reserve ratio of 20 percent, and it holds $40,000 in reserves, then the maximum deposit outflow it can sustain without altering its balance sheet is?.
The maximum deposit outflow the bank can sustain without altering its balance sheet is equal to $25,000.
The required reserve ratio (rr) can be converted from a percentage into a decimal value as follows;
rr = 20% = 20/100 = 0.2
If the bank has $100,000 of checkable deposits and holds $40,000 in reserves, then the amount of current loans can be calculated as follows;
amount of current loans = $100,000 - $40,000 = $60,000
Loans made by the bank are said to be a percentage of deposits loaned out after saving the necessary or required reserves. Therefore;
(1 - rr) × D = $60,000
(1 - 0.2) × D = $60,000
0.8 D = $60,000
D = $60,000/0.8
D = $75,000
Reserves out of deposit (D) = 20% of $75000;
(20/100) × 75,000 = 0.2 × 75,000 = $15,000
Now the maximum deposit outflow can be calculated as follows;
$40,000 - $15000 = $25,000
Therefore, the maximum deposit outflow without altering the balance sheet is calculated to be $25,000.
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Pinnacle corp. Is going through the new product development process and is selecting ideas with the greatest potential for development for further review. Pinnacle is in which phase of the new product development process?.
Pinnacle is in the phase of the new product development process known as idea screening stage as it is selecting ideas with the greatest potential for development for further review.
What is a new product development?In marketing, a new product development refers to the process of bringing a new product to market, renewing an existing product or introducing a product in a new market. The central aspect of the new product development is product design with other various business considerations.
In marketing, the 7 stages of new product development are classified into:
Idea Generation.Idea Screening.Concept Development & Testing.Market Strategy/Business Analysis.Product Development.Deployment.Market Entry/Commercialization.Read more about New product development
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you plan to purchase a $370,000 house using either a 25-year mortgage obtained from your local savings bank with a rate of 8.25 percent, or a 15-year mortgage with a rate of 7.25 percent. you will make a down payment of 20 percent of the purchase price. a. calculate the amount of interest and, separately, principal paid on each mortgage. what is the difference in interest paid? b. calculate your monthly payments on the two mortgages. what is the difference in the monthly payment on the two mortgages?
Calculate the amount of interest and, separately, principal paid on each mortgage. what is the difference in interest paid? b. calculates your monthly payments on the two mortgages. what is the difference in the monthly payment on the two mortgages are:
1.=370000*(1-20%) *(7.25%/12)/(1-1/(1+7.25%/12)^(12*15))*12*15-370000*(1-20%) =190373.343
2.=370000*(1-20%)*(8.25%/12)/(1-1/(1+8.25%/12)^(12*25))*12*25-370000*(1-20%)=404143.7196
3.=370000*(1-20%)*(8.25%/12)/(1-1/(1+8.25%/12)^(12*25))*12*25-370000*(1-20%)-(370000*(1-20%)*(7.25%/12)/(1-1/(1+7.25%/12)^(12*15))*12*15-370000*(1-20%))=213770.3766
4.=370000*(1-20%)*(7.25%/12)/(1-1/(1+7.25%/12)^(12*15))=2702.074128
5.=370000*(1-20%)*(8.25%/12)/(1-1/(1+8.25%/12)^(12*25))=2333.812399
6.=370000*(1-20%)*(7.25%/12)/(1-1/(1+7.25%/12)^(12*15))-370000*(1-20%)*(8.25%/12)/(1-1/(1+8.25%/12)^(12*25))=368.2617292
A loan price is commonly made of 4 components: principal, interest, taxes and insurance. The principal component is the quantity that can pay down your superb mortgage amount. Interest is the price of borrowing cash.
A loan is a settlement among you and a lender that offers the lender the proper to take your house in case you fail to pay off the cash you have borrowed plus interest. Mortgage loans are used to shop for a domestic or to borrow cash in opposition to the cost of a domestic you already own.
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large chain resellers may have a highly formalized blank called a buying committee to make purchasing decisions, while most industrial firms and government units use informal groups.
Answer:
second option nubby icy icy Ohno use
What percentage of the world's intake of
calories is derived from plants?
A. 88%
B. 74%
C. 62%
D. 48%
Answer:
A
Explanation:
Just 15 crop plants provide 90 percent of the world's food energy intake, with three rice, maize and wheat - making up two-thirds of this.
Source: https://www.fao.org/3/u8480e/u8480e07.htm
on jan. 2, callie company performed $800 worth of services for a client. the client paid $100 immediately, but promised to pay the balance next month. the journal entry to record this transaction in callie company's books would include a
On Jan. 2, Callie Company performed $800 worth of services for a client. The client paid $800 immediately, The journal entry to record this transaction in Callie Company's books would include a "Debit to the Cash account"(debit/credit) to the Cash account; and a "Credit to the Service Revenue account"(debit/credit) to the Service revenue account.
This is further explained below.
What is it about Journal entries?Generally, The customer made an initial payment of $800, This transaction would be recorded in the books of Callie Firm as a "Debit to the Chequing account" (debit/credit) to a Cash book, and as a "Credit to the Service Revenue account" (debit/credit) to the Service revenue account, as part of the journal entry that would be used to record this transaction.
In conclusion, Based on the following accounting rules, record a debit entry in the Cash account and a credit entry in the Service Revenue account:
The service revenue account should be credited after all profits and income have been credited and all costs and losses have been debited.Deduct everything that comes in and everything that goes out, which will result in the cash being debited.Read more about Journal entries
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CQ
On Jan. 2, Callie Company performed $800 worth of services for a client. The client paid $800 immediately, The journal entry to record this transaction in Callie Company's books would include a ___________ (debit/credit) to the Cash account; and a _______ (debit/credit) to the Service revenue account.
Luna company accepted credit cards in payment for $6,000 of services performed during july. The credit card company charged luna a 4 percent service fee; it paid luna as soon as it received the invoices. Required based on this information alone, what is the amount of net income earned during the month of july?.
The net income earned is $240
The term net income refers to a company's net earnings. It is determined by subtracting total expenses from total receipts. The term total expenditure can refer to taxes, business expenditures, interest payments, fees, and depreciation. The calculation of shareholders' earnings per share is aided by net income.
1.
Dr. Account Receivable $5,760
Dr. Service charges $240
Cr. Service revenue $6,000
2.
Dr. Cash $5,760
Cr. Accounts receivable $5,760
Working Notes
Assuming all the sales are performed on the account first, cash is received after issuing the invoice.
Service revenue $6,000
Less: Credit card expenses $ (240)
Net income $5,760
Service charges = $6,000 x 4% = $240
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Suppose that you were running an engineering company. You want to assign employees to particular engineering projects, but you also want someone who knows about their functional area to supervise them. What kind of work structure would you choose?.
Looking at the information in the question, the type of work structure you would choose would be the divisional structure.
What is divisional structure?It corresponds to a work structure where workers are integrated into teams based on their expertise, who work for a specific project, so that together they achieve the objectives and goals proposed by the organization.
Therefore, in a divisional structure, work is carried out in separate and independent divisions, where there is supervision for each division so that the work is carried out as planned.
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if you examine various barriers to entry facing firms that might wish to enter the airline industry, this would be most helpful in assessing which of the five forces in that industry?
Threats of new entrants would be helpful in assessing the five forces in that industry.
What are threats of entrants?The Threat of Entrants, one of the forces in Five Forces industry defines the framework, refers to the threats that new competitors pose to current players acting within an industry. It is one of the type of forces that builds the competitive landscape of an industry, and it helps to defined the attractiveness of the industry.
What are the five forces in the airline industry?The five forces in the airlines industry includes
(1) rivalry among current competitors,
(2) bargaining power of the buyers,
(3) bargaining power of the suppliers,
(4) threat of substitutes, and
(5) threat of new entrants (barriers to entry)
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Allie has noticed that people at her company spend a lot of time researching the reasons for and correcting errors in the data they must use for their job functions. Usually when a mistake is discovered, it has already been propagated into multiple places, requiring a considerable clean-up effort. Allie realizes that improving the quality of the data at her firm would change this situation by _____.
As mistake has already been propagated into multiple places which requires a considerable clean-up effort upon discovery, she had realizes that improving the quality of the data at her firm would change this situation raising productivity.
What is a productivity?Basically, a productivity refers to an efficiency of production of goods or services expressed by some measure. Its measurement is are often expressed as a ratio of an aggregate output to a single input or an aggregate input used in a production process.
A raised productivity is best related to a productivity improvement, which means getting more done & more output with the same amount of input. At best, the best improvements of outputs can allow your business to increase productivity while decreasing cost.
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you're trying to save to buy a new $180,000 ferrari. you have $48,000 today that can be invested at your bank. the bank pays 5.5 percent annual interest on its accounts. how long will it be before you have enough to buy the car?
It will take around 2.46 years to buy the Ferrari worth $180,000 with investment of $48,000 today at 5.5% annual rate of interest.
Amount needed to but the car = $180,000
Investment amount= $ 48,000
annual rate of interest (r) = 5.5%= 0.055
Let the total number of years required = n
Amount= Principal(1+r) ^n
180,000 = 48000 (1.055) ^n
180,000/48000 = (1.055) ^n
3.75 = (1.055) ^n
using log both sides
log (3.75)/log (1.055) =n
0.5740/0.2325 = n
2.46 years.
The amount invested today i.e. $48,000 is the present value whereas amount required in the future to buy the Ferrari in known as its future value.
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i want my employees to have very narrow job responsibilities. i’ll hire more people with specific experience next year, and each person will form the basis for future departments in my company.
In desiring employees with more restricted and departmentalized job responsibilities, the employer should hire employees with specific experience and limited job responsibilities.
Analyzing the information regarding the issue, it is correct to say that this approach is related to the centralized organizational structure.
What is a centralized organizational structure?
It corresponds to the systematization of resources and departments in a more inflexible and centralized way, with the high hierarchy as decision-making and organizational control, that is, a centralized organization is highly hierarchical, with employees performing specific and pre-defined functions, with departments formed by specialization from work.
Therefore, a centralized organization can allow greater control, but be more demotivating for creativity, innovation and autonomy, as it is a more rigid and hierarchical work structure.
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business universal corporation, a u.s. firm, establishes a wholly owned subsidiary firm in brazil. in this situation, business universal retains complete control and authority over
business universal corporation, a U.S. firm, establishes a wholly owned subsidiary firm in Brazil. In this situation, business universal retains complete control and authority over all the operation.
A parent company and subsidiary relationship exists when one business controls another. When a business buys a large portion of the voting stock in another business, it typically creates a parent company. A parent company is typically a big business that controls a smaller business.The subsidiary business may operate in the same sector as the parent business or one that is closely related to it. A parent business may be the owner of numerous tiny subsidiaries.
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You are buying an old "go to work" pickup with a price tag of $1,600. you apply a down payment of $200.00. sales tax is 6.5%. you will have to borrow $1,504 at 8% interest for one year to complete the purchase. what will your full purchase price be with principal, tax and interest. (assume you need to borrow to make the tax payment also.)
Answer:
full purchase price of the pickup= $1,824.33
jordan is a certified yoga instructor and nutrition coach. he started offering yoga lessons and nutrition workshops at his friend’s businesses on the weekends. based on the buzz created by his new business, several other local businesses want to hire jordan. what is one area where he may struggle in managing his new business? multiple choice he may lack the flexibility to adapt to changing market demands. he may get fired by his boss. he may lack the skills and experience to make good management decisions. he may require a lot of money to start his business. he may get stuck in a market niche.
If Jordan is a certified yoga instructor and nutrition coach. he started offering yoga lessons and nutrition workshops at his friend’s businesses on the weekends. one area where he may struggle in managing his new business is: option D. he may lack the skills and experience to make good management decisions.
What is skills?Skills can be defined as what a person acquired through training and learning although skills can be inbuilt skills and acquired skills.
Management decision can be defined as the ability of a person to effectively makes decisions that will benefit their own company or the company they work for.
Bases on the scenario he may find it hard to makes a management decision in a situation were he lacks skills and experience that is needed for the business.
Therefore the correct option is D. he may lack the skills and experience to make good management decisions.
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a method of scheduling that considers limited resources when creating a project schedule and includes buffers to protect the project completion date is using:
The scheduling that considers limited resources when making a project schedule and includes buffers to protect the project completion date is using critical chain scheduling.
Critical chain scheduling may be a strategy centered on resource leveling. A technique such as the basic way may be exceedingly effective in situations, where there's no asset deficiency.
Even though subordinate errands, for the most part, characterize the venture timelines, asset utilization plays a key part.
The critical chain of an extension is the subordinate assignments that characterize the lower constraint of conceivable lead time. In this manner, it is secure to accept that the basic chain is made of sequenced subordinate errands.
In basic chain planning (CCS), these subordinate assignments are planned in the most viable and useful way.
When it comes to basic chain planning, conditions are utilized to decide the basic chain. In this case, two sorts of conditions are utilized: hands-off conditions and asset conditions.
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Why is it important for o evaluate your advertising campaign when it is complete?
Answer:
A well-documented evaluation of your campaign builds credibility and respect. It helps determine if your ads are hitting the target audience, and what are their opinions and feedback on it.
Explanation:
The evaluation of your advertisement campaign helps in enhancing transparency and the report showcases the achievements you have attained during this and also helps showcase the entire campaign to every key stakeholder. It helps in building trust across the various departments in the company and enables them to measure the strengths and weaknesses of the campaign, in order to adjust for future campaign drives.
The __________ __________ saw the development of continuous manufacturing, sophisticated transportation and communications systems, advanced construction practices, and improved education and leisure time.
The industrial revolution saw the development of continuous manufacturing, sophisticated transportation and communications systems, advanced construction practices, and improved education and leisure time.
In the field of history, the industrial revolution is categorized as one of the biggest revolutions through which agriculture and handwork societies moved towards more advanced industrial processes for revenue.
Before the industrial revolution, people lived more in rural areas and focused on agriculture. However, during the industrial revolution, people moved toward cities in order to find better jobs. The industries manufactured various products for the benefit of humans, iron and steel industries came into existence, proper methods of communication were set up, and new machines were invented along with various other advancements during the industrial revolution. The quality of education was also improved.
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when toyota purchases information about quality and customer satisfaction research from j. d. power and associates, it is acquiring a form of multiple choice
'when Toyota purchases information about quality and customer satisfaction research from j. d. power and associates, it is acquiring a form of tertiary data.
A tertiary data source is an index or textual integration of previously published primary and secondary sources that does not provide additional interpretation or analysis of the source. These are sources that index, summarize, organize, assemble, or process other sources. Some reference materials and textbooks are considered tertiary sources if their primary purpose is to enumerate, summarize, or simply repackage ideas or other information. Tertiary data sources are not usually assigned to a specific author.
Tertiary data sources combine information from primary and secondary sources. A third source is a good way to get a quick overview of a particular topic. Most textbooks are tertiary sources. The following are examples of tertiary sources available through the library: CountryWatch.
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imagine you are a project manager leading agile adoption at an organization. why is it important that you find an executive sponsor to support the change? select all that apply.
As a project manager that is leading the agile adoption at an organization, it is important to find an executive sponsor to support the change because:
b. It increases your chances of successfully shifting organizational culture.c. It helps to create a sense of ownership for the change you are creating.Who is a project manager?A project manager is the manager involved in a project management, which involves the planning, organization and cordination of a company's resources to move a specific task, event, or duty towards completion. This managers are also involve a one-time project, ongoing activity and resources managed including the personnel, finances, technology, intellectual property etc.
Furthermore, the project managers does everything from putting together groups of skilled workers to designing the structure and schedule of the project. They often have an undergraduate degree in management and some have a master's degree, internships, on-the-job training or experience in other areas of business management.
Therefore, the Option B & C is correct.
Missing options "a. It guarantees an increase in the project's budget. b. It increases your chances of successfully shifting organizational culture. c. It helps to create a sense of ownership for the change you are creating. d. It helps to answer your team’s questions about what’s working and what’s not working right now."
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how does jonah define a bottleneck? group of answer choices the stage of a process that causes the entire process to slow down or stop completely. any point of congestion or blockage in a process. any resource whose capacity is equal to or less than the demand placed on it. the plant resource which produces the most unnecessary inventory. the slowest workstation in the plant.
The definition that has been given by Jonah in the context of a bottleneck is that it is the stage of a process that causes the entire process to slow down or stop completely. Hence, Option A is correct.
What is a bottleneck?An assembly line or computer network bottleneck is a location of congestion that causes a manufacturing system to halt or move very slowly.
A "bottleneck" in an operation is a work stage that, even while operating at maximum throughput, is unable to achieve the production quota, causing the flow of activities to be slowed down or stopped.
Therefore, Option A is correct.
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palmona company establishes a $180 petty cash fund on january 1. on january 8, the fund shows $75 in cash along with receipts for the following expenditures: postage, $44; transportation-in, $13; delivery expenses, $15; and miscellaneous expenses, $33. palmona uses the perpetual system in accounting for merchandise inventory.
The petty cash fund of $180 will be established on January 1.Journal entry for establishing the petty cash fund on January 1: Petty Cash a/c Dr $180.
To Cah a/c $180 Preparing journal entries to reimburse funds on January 8 Postage a/c Dr. ($44) Transportation a/c Dr ($13) Delivery expense a/c Dr ($15)miscellaneous a/c Dr ($33) To Cash a/c Cr ($105)The balance of $75 will be reimbursed to the petty cash account/fund.
Normally organization make a petty cash fund to manage day to day small charges like stationery, coffee and tea for guests etc. Since these expenses are so small, so managing them becomes really very difficult for the organization as well as hectic, that is why a small fund is created to take care of these expenses.
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The question was incomplete. Check below the full question.
palmona company establishes a $180 petty cash fund on january 1. on january 8, the fund shows $75 in cash along with receipts for the following expenditures: postage, $44; transportation-in, $13; delivery expenses, $15; and miscellaneous expenses, $33. palmona uses the perpetual system in accounting for merchandise inventory.
Prepare journal entry to establish the fund on January 1, reimburse it on January 8, and reimburse the fund and increase it to $330 on January 8, assuming no entry in part 2.(Hint: Make two separate entries for part 3.)
Certain pieces of antique furniture increased very rapidly in price in the 1970s and 1980s. For example, the value of a particular rocking chair is well approximated by.
The price is discovered to be rising at a rate of 65% per year when compared to a conventional exponential function.
Modeling a rising exponential function looks like this:
[tex]V(t)=V(0)(1+r)^{t}[/tex]
where V(0) is the starting point.
The growth rate, expressed as a decimal, is r.
The formula in this issue is:
[tex]V(t)=150(1.65)^{t}[/tex]
We have that Comparing to the conventional equation
1+r=1.65
r=0.65
Thus:
The price is rising at a 65% annual rate.
Exponential growth and decay are the two different kinds of exponential functions. When b > 1, the function f (x) = bx represents exponential development. If 0 b 1, then the function f (x) = bx depicts exponential decay.
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