if geoff makes quarterly deposits of $1,000 into an account that pays 1.4% interest quarterly, how long will it take for his principal to grow to $10,000? use the future balance of a periodic investment formula from example 3 to answer the question. round to the nearest tenth of a year.
Answers
It takes 21.85 months for his principal to grow to $10,000. As you extend the future time, the future value rises.
Given,
Future value =$10,000
Deposit amount (principal) =$1,000 per quarter
Rate =1.4%
Required to calculate the time =?
The required calculations are shown in the file given attached below.
The basic idea underlying the time value of money concept is that money received now is worth more than money received after a specific amount of time.
Time has a stronger impact on value (r) when opportunity cost and risk are higher, as well as when time passes more quickly. Time has less of an impact on value the closer the liquidity.
Therefore, Geoff makes quarterly deposits of take 21.85 months to become $10,000.
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Related Questions
If a consumer who is trying to decide between alternatives believes that a particular brand delivers acceptable product performance and can be shortlisted, she is in the ________ level of the BrandDynamics Pyramid.
A) presence
B) relevance
C) performance
D) advantage
E) bonding
Answers
The correct answer is C) performance. In the BrandDynamics Pyramid, the performance level is where a consumer believes that a particular brand delivers acceptable product performance and can be shortlisted.
At this level, the brand has met the basic needs and requirements of the consumer but has not yet developed a strong emotional connection or loyalty.
If a consumer who is trying to decide between alternatives believes that a particular brand delivers acceptable product performance and can be shortlisted, she is in the C) performance level of the BrandDynamics Pyramid.
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Maricopa's Success scholarship fund receives a gift of $ 200000. The money is invested in stocks, bonds, and CDs. CDs pay 4.25% interest, bonds pay 4.3 % interest, and stocks pay 9.6% interest. Maricopa Success invests $ 10000 more in bonds than in CDs. If the annual income from the investments is $ 11747.5, how much was invested in each account? Maricopa Success invested $___ in stocks. Maricopa Success invested $ ___ in bonds
Maricopa Success invested $ ____ in CDs.
Answers
Maricopa Success invested $181747.46 in stocks, $764126.27 in bonds, and $754126.27 in CDs.
Let x be the amount invested in CDs. Therefore, the amount invested in bonds is x + 10000.
Since the total amount invested in the three accounts is $200000, then the amount invested in stocks is 200000 - (x + x + 10000) = 180000 - 2x - 10000 = 170000 - 2x.
The annual income from CDs is given by 4.25/100x, the annual income from bonds is given by 4.3/100(x + 10000), and the annual income from stocks is given by 9.6/100(170000 - 2x).
Thus, the equation that models the total annual income from the three investments is:
4.25/100x + 4.3/100(x + 10000) + 9.6/100(170000 - 2x) = 11747.5
Multiplying by 100 to get rid of the percentage, we have:4.25x + 4.3(x + 10000) + 9.6(170000 - 2x) = 11747500
Simplifying the equation above:
4.25x + 4.3x + 43000 + 1632000 - 19.2x = 11747500
15.35x = 11747500 - 43000 - 1632000
15.35x = 11571500x = 754126.27
Therefore, the amount invested in CDs is $754126.27, the amount invested in bonds is $764126.27, and the amount invested in stocks is $181747.46.
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1. Visit a website for a company that sells products or services online. Then go to that company's
corporate website. Compare the product/service sales site with the corporate site. Describe at least three
differences between them.
Answers
Answer:
The company being examined here is Amazon.
Their corporate website is: aboutamazon.com/
while their product sales site is amazon.com
Explanation:
The various differences are:
1. the corporate is much easier on the eyes than the product sales website
2. the corporate website contains more information on the company and its corporate activities whilst the sales website is focused on the various categories of products available for sale by the company.
3. the sales website has e-commerce functionalities, the corporate does
Cheers
What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answers
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUdefine the set in words. choose the correct answer below. a. the set of cars that have 3 or more years warranty or do not have a good safety rating. b. the set of cars that have 3 or more years warranty and do not have a good safety rating. c. the set of cars that have 3 or more years warranty and have a good safety rating. d. the set of cars that have 3 or more years warranty or have a good safety rating.
Answers
If the car cannot be fixed after a reasonable number of attempts, the customer must be given the option of a replacement or a refund.
What different sorts of replacement are there?
replacement of things that lose their value over time. 3. Replacement of products that become out of date as a result of new advancements. 2. Replacement of objects that entirely break down.
What does the word "replacement" signify in a sentence
An act of substituting for something that is missing is known as a replacement. Your substitute teacher is a bothersome replacement for your missing teacher.
All actions and procedures required to replace any existing Project Facilities component with a new one that serves the same purpose
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what is the difference of communism and socialism?
Answers
For socialism there is limited Private owner ship, government and private entities,Limited class distinctions and production for societal needs .
In the bcg matrix, ________ are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
Answers
In the bcg matrix, cash cows are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
What is the bcg matrix?This is the term that is used to refer to the way that the products of a business is analyzed. The reason why this is done is so that it would be able to aid in the strategic planning of the business. It helps in the assessment of the current state of the product line that the business owns.
Hence we can conclude that In the bcg matrix, cash cows are characterized by high share and low growth and are the key sources of internal cash generation for a firm.
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Describe four ways in which newspapers vary
Answers
As depicted in _________________________________, it is necessary to give up some of the production of one good to produce more of the other good.
Answers
As depicted in the concept of opportunity cost, it is necessary to give up some of the production of one good to produce more of the other good.
Opportunity cost refers to the value or benefit that is forgone when choosing one alternative over another. When resources are limited, producing more of one good means allocating fewer resources to produce another good. This trade-off arises due to the scarcity of resources and the need to make choices in resource allocation.
In economics, the concept of opportunity cost is fundamental in understanding the concept of trade-offs and the production possibilities frontier (PPF). The PPF represents the maximum output combinations of two goods that can be produced with given resources and technology. It illustrates the idea that to produce more of one good, society must sacrifice the production of another good.
Therefore, the concept of opportunity cost highlights the inherent trade-offs in production decisions, where the production of one good comes at the expense of producing another good. This principle applies across various economic contexts, from individual decision-making to the allocation of resources in entire economies.
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According to your results of the test, write a 4-5 sentence summary of your personality.
My test results describe me as a ______ parrot______ (animal), which means that I…
WHOEVER HELPS GETS 20 POINTS
Answers
Answer: am rebellious, outgoing, and expressive
Explanation:
which item is most likely an inferior good? a city bus ticket clothing gasoline a t-bone steak
Answers
In microeconomics, an inferior good is an item that experiences a decline in demand as consumer income rises. Generally, an inferior good has cheaper substitutes that become more appealing to consumers as their income rises. Among the given options, clothing is the most likely inferior good.
Clothing is a good example of an inferior good because, as a consumer's income rises, they will shift their purchases away from cheaper clothing options towards more expensive ones.
This means that clothing is more likely to experience a decline in demand as consumer income increases. In contrast, other items on the list such as a city bus ticket, gasoline, and a T-bone steak, are not inferior goods because they typically experience an increase in demand as consumer income rises.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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The software development life cycle (SDLC) methodology phase that comprises developing the preliminary and detailed designs, including how the system will meet functional requirements is called:
A. Operations and Maintenance.
B. Planning and Requirements Definition.
C. Implementation.
D. Design.
Answers
Design(option d) is the software development life cycle (SDLC) methodology phase that comprises developing the preliminary and detailed designs, including how the system will meet functional requirements.
What do you mean by software development life cycle (SDLC) methodology?A organised procedure known as the Software Development Process (SDLC) provides the fastest possible manufacturing of premium, low-cost software.
Producing top-notch software which meets & exceeds all client expectations and needs is the aim of the SDLC. The management of software design can be difficult due to shifting requirements, technological advancements, and cross-functional cooperation.
Each level of the process of developing software, the software design lifecycle (SDLC) method gives a methodical management structure with clear outputs.
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Over your lifetime, as a driver, it is estimated that you will
A. Most likely never be in a car accident
B. Be in one car accident
C. Be in two car accidents
D. Be in three to four car accidents
Answers
Answer:
The average is about three to four car accidents in their lifetime. Thats about 1 car accident every 18 years.
Explanation:
D is the correct option
Which step should Gemima fix to complete the task correctly?
Step 3
Step 4
Step 5
Step 6
Answers
she needs to fix step 4
Answer:
B). step 4
Explanation:
correct on edge
Complete the following sentence. Remember to spell correctly.
When supply exceeds demand, a market
occurs
Answers
Answer:
bear
Explanation:
Answer:
bear
Explanation:
hope this helps ;)
Matheson Electronics has just developed a new electronic device which, when mounted on an automobile, will tell the driver how many miles the automobile is traveling per gallon of gasoline.
The company is anxious to begin production of the new device. To this end, marketing and cost studies have been made to determine probable costs and market potential. These studies have provided the following information: a. New equipment would have to be acquired to produce the device. The equipment would cost 315,000 and have a 12 -year useful life. After 12 years, it would have a salvage value of about 15,000 . b. Sales in units over the next 12 years are projected to be as follows: c. Production and sales of the device would require working capital of 60,000 to finance accounts receivable, inventories, and day-to-day cash needs. This working capital would be released at the end of the project's life. d. The devices would sell for 35 the following; variable costs for production, administration, and sales would be 15 per unit. e. Fixed costs for salaries, maintenance, property taxes, insurance, and straight-line depreciation on the equipment would total 135,000 per year. (Depreciation is based on cost less salvage value.) f. To gain rapid entry into the market, the company would have to advertise heavily. The advertising program would be: g. The company's required rate of return is 14% .
Required:
(Ignore income taxes.)
(a) Compute the net cash inflow (cash receipts less yearly cash operating expenses) anticipated from sale of the device for each year over the next 12 years.
Answers
John need to invest $16393.44 with the process of simple interest.
What is simple interest?Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.
Rate of interest = 12%principal + interest = $40000
Time = 12 years
Simple interest = \(\frac{p \times 12 \times 12}{100}\\=1.44p\)
Now principal + interest = 40000
\(\frac{p \times 12 \times 12}{100}\\=1.44pNow principal + interest = 40000\Rightarrow p+1.44p=40000\\\Rightarrow 2.44p=40000\\\Rightarrow p=\frac{40000}{2.44}\\\Rightarrow p= 16393.44\)
Therefore, John need to invest $16393.44.
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3. Kevin took out a loan for a car. He must pay $3,000.00 in interest, service
charges, and loan fees. What lending term best describes these costs?
Answers
Answer:
The finance charge
Explanation:
The finance charge is the total cost incurred when borrowing money, including interest amount and all other fees. It is the extra money paid on top of the borrowed amount. The finance charge may be a flat fee or a percentage of the principal amount.
The finance charge represents the expense incurred for using credit. The finance charge is an important consideration when choosing a preferred lender.
why is maximum number of person in partnership business mentioned in companies act and not in partnership act
Answers
The Companies Act and the Partnership Act are two different laws that govern different types of businesses.
The companies act and partnership act-The Companies Act governs companies, which are separate legal entities from their owners, while the Partnership Act governs partnerships, which are not separate legal entities from their owners.
The maximum number of persons in a partnership business is not mentioned in the Partnership Act because there is no limit to the number of partners a partnership can have. However, the Companies Act limits the number of members in certain types of companies, such as private companies, to a maximum of 200 members. This is because companies are separate legal entities and the law seeks to regulate their operations to ensure that they operate in a manner that is fair and transparent to all members.
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By definition, a ________ requires a large amount of learning on the part of users and typically creates new markets and consumption patterns. A. new and improved innovation B. discontinuous innovation C. platform-based innovation D. dynamically continuous innovation E. continuous innovation
Answers
By definition a discontinuous innovation requires a large amount of learning on the part of users and creates new market and consumption patterns.
The answer to this question is option B. A discontinuous innovation is one whereby the users are introduced to those products that needs them to have a change in their behavioral mode.
Here a new product which is totally different from the previous one is launched. This would make the user to have a change in their patterns of consumption.
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The blank is the the minimum amount of your bill you must pay each month.
Answers
minimum payment
the least amount of money that must be paid at the end of a month
Apparent agency, also known as _______, is when the principal has created by his conduct belief in another individual that a person serves as their agent when in fact they do not have the authority to act for the principal.
Answers
Answer:
apparent authority
Explanation:
Apparent agency or apparent authority is crated when the behavior of the apparent agent makes another party believe that they have the authority to act on behalf of another principal. E.g. when a salesperson decides to offer an explicit warranty for a certain product even if the company doesn't offer it, the warranty is valid because the salesperson had apparent authority to do so.
With what kind of vocabulary should a person be familiar for reading the balance sheet of a restaurant easily?
A.
the names of all the items on the restaurant menu
B.
finance-related words such as depreciation, capital expenditure, etc.
C.
restaurant-related terms such as banquet, buffet, etc.
D.
marketing terms such as product lifestyle, customer lifetime value, etc.
E.
advertising terms, such as brainstorming, captions, etc.
Answers
Answer:
Explanation:
For all Plato users.
Finance-related words such as depreciation, capital expenditure, etc. kind of vocabulary should a person be familiar for reading the balance sheet of a restaurant easily. Thus, option (a) is correct.
What is a balance sheet?A balance sheet is a financial statement that lists an organization's assets, liabilities, and shareholder equity. One of the three important financial statements a company's evaluation will focus on is the balance sheet. It was the obligations using its current assets.
The terms depreciation, capital outlay, liabilities, assets as well as equity, and revenue should all be understood by someone who works in finance. A person can comprehend the data in a restaurant's balance sheet and make decisions about the restaurant's financial health with the aid of these finance-related terms if they are familiar with them.
As a result, the significance of the kind of vocabulary should a person be familiar for reading the balance sheet of a restaurant easily are the aforementioned.
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Which skills are most likely to start at birth and develop as a person matures?Planning aides work with _____.
school planners
city planners
federal planners
business planners
Answers
Answer:
im thinking C. or D.
Explanation:
OJT is best for large groups.
True
False
Answers
I think this is right
The alfredo pasta sells 296 units per week at $13 per plate. The eggplant parmesan sells 323 units at $10 per plate. Which has the higher dollar sales?
Answers
Answer:
The Alfredo Pasta sells more
Explanation:
Alfredo weekly sells: 3848
Eggplant weekly sells: 3230
Answer:
b .. alfredo pasta
Explanation:
if the average sales transaction for a department store is $55.65, what total dollar sales would be expected on 500 transactions?
Answers
The total dollar sales would be expected on 500 transactions is
Total dollar sales would be expected on 500 transactions
= 500 X 55.65
= $27,825
A financial institution transaction is any money that actions in or out of your bank account. Styles of financial institution transactions encompass coin withdrawals or deposits, tests, online bills, debit card charges, wire transfers, and mortgage payments.
Banking transactions method coins withdrawals, deposits, account transfers, bills from financial institution bills, disbursements under a preauthorized credit score settlement, and mortgage bills initiated by an account holder at a communications facility and accessing his or her account at a Colorado financial institution.
A bank transaction is a report of money that has moved inside and out of your bank account. When you have costs related to your business - for example, hiring for office space - the bills for those will pop out of your bank account as transactions.
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companies using a just-in-time (jit) inventory system that want to reduce their risk of supply chain disruptions should
Answers
Companies using a just-in-time (JIT) inventory system that want to reduce their risk of supply chain disruptions should: D. source inputs from multiple suppliers across different countries.
What is supply chain management?Supply chain management and it can be defined as an effective and efficient management of the flow (supply) of goods and services, as well as all of the production processes that are involved in the transformation of raw materials into finished products, in order to meet the insatiable want and need of the consumers on a timely basis.
What is a just-in-time (JIT) inventory system?A just-in-time (JIT) inventory system can be defined as a management framework that is designed and developed to help business firms (companies) cut their manufacturing costs while increasing efficiency between suppliers and consumers through the use of a proper inventory system.
In conclusion, inputs should be sourced directly from multiple suppliers across different countries by business firms (companies) that are utilizing a just-in-time (JIT) inventory system in order to mitigate the risk of supply chain disruptions.
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Complete Question:
Companies using a just-in-time (JIT) inventory system that want to reduce their risk of supply chain disruptions should Multiple Choice
expand warehouse capacity.
decrease their buffer stock.
increase their ready inventory supplies.
source inputs from multiple suppliers across different countries.
work to become the supplier's best customer.
What type of material is a land resource in the production process?
Answers
Everything that derives from the land, including all natural resources needed to create goods and services, is referred to as "land." Natural resources such as water, oil, copper, natural gas, coal, and forests are examples of common land. The production process uses land resources as its raw materials.
What is production process?Industrial processes are actions that involve chemical, physical, electrical, or mechanical phases to help with the production of an object or things, typically done on a very large scale. The foundation of heavy industry is industrial processes. In order to offer consumers with goods and services, a production process is a way of using economic input or resources, such as labour, expensive machinery, or land. A production process typically entails all the processes a facility might take to establish production quotas, develop and assemble products, and then distribute them to clients or independent retailers. Various manufacturing methods and procedures, such as 3D printing, joining, or casting, may be included.To learn more about production process, refer to:
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A monopolistically competitive profit-maximizing firm is currently producing and selling 2,000 units of output. At this output level, marginal revenue is $9, average revenue is $10, and the average variable cost is $8. The product price is
Answers
Answer:
$10
Explanation:
Q = 2000 units . At this output level, Marginal Revenue = $9
Average Revenue = $10
Average variable cost = $8
The product price is $10 which is represented by average revenue curve.