Finance Questions & Answers

Suppose you buy a ticket for \( \$ 6 \) out of a lottery of 1000 tickets where the prize for the one winning is to be \( \$ 800 \). How much mondy do you take home (after paying for it)?

3.3.2 Calculate the interest after 3 years. Answer: \( \quad \) (2)

\begin{tabular}{l} 3.3 Jan borrowed R10 000 from the bank at 9,5\% compound interest p.a. for 3 years. \\ 3.3.1 How much money must Jan pay back after 3 years? \\ Answer: \\ \hline\end{tabular}

The first two numbers of a bank routing number denote which Federal Reserve district the check will be sent to. Which of the following could be the first two numbers of a bank routing number? 15 12 14 13

The first two numbers of a bank routing number denote which Federal Reserve district the check will be sent to. Which of the following could be the first two numbers of a bank routing number? 00 50 09 14

Question 1:Which is an example of skimming?A. Money from sales is stolen before it gets recorded.B. Illegal money is rendered legal in a three-step process.C. There is a pyramid of investors in which lower rungs pay for investment returns on higher ones, while the criminal siphons money.D. A ghost employee is created to defraud payroll.Question 2:Which is an example of fraudulent bookkeeping on the income side?A. A ghost employee is created to defraud payroll.B. A customer is billed for a service or product, but it gets recorded in the ledger at a lower amount.C. A fake invoice is submitted and paid.D. Illegal money is rendered legal in a three-step process.Question 3:Which is an example of expense fraud?A. Money from sales is stolen before it gets recorded.B. The business underreports cash sales.C. A ghost employee is created to defraud payroll.D. A customer is billed for a service or product, but it gets recorded in the ledger at a lower amount.

If the rate of inflation is \( 3.7 \% \) per year, the future price \( p(t) \) (in dollars) of a certain item can be modeled by the following exponential function, where \( t \) is the number of years from today. \[ p(t)=400(1.037)^{t} \] Find the price of the item 4 years from today and 9 years from today. Round your answers to the nearest dollar as necessary. Price 4 years from today: s 9 years from today:

When a seller offers lower prices to buyers willing to overcome some obstacle to get it, the seller is using ___ to get buyers to reveal their segment blocking; marginal benefit the hurdle method; reservation price impediment pricing; marginal benefit the hurdle method; marginal cost

Suppose that \( \$ 1600 \) is invested at an interest rate of \( 1.5 \% \) per year, compounded continuously. After how many years will the initial investment be doubled? Do not round any intermediate computations, and round your answer to the nearest hundredth. \( \square \) years

Jordan's food truck sells tacos and burritos. Her most popular items are chicken tacos and beef tacos. Bean burritos are the least popular item on her menu, although some buyers like the burrito's large size compared to that of the tacos. The tacos and the burritos both sell for \( \$ 4 \). Jordan offers a special deal of a taco and a bean burrito for \( \$ 7 \). How is this a form of price discrimination? Buyers are grouped according to preferences for tacos or burritos. Those who prefer tacos pay a lower price for the taco in the bundle. Buycrs are grouped according to preferences for tacos or burritos. Those who prefer burritos pay a lower price for the burrito in the bundle. Buyers who buy the bundle are getting less satisfaction per dollar spent because they are gettinga less preferred item instead of two of their more preferred items. Those who prefer tacos and those who prefer burritos are induced to get a unit of their less preferred product because they can buy it at a discounted price of \( \$ 3 \) by buying a bundle.