You implement a manufacturing process that produces $52,500 of profit every 3 months. You put all of the profits into the bank which provides a compound interest rate of 0.80% per month. What amount of money will you have in the bank after 8.5 years?

Answers

Answer 1

After 8.5 years, with compounding every 3 months and an annual interest rate of 0.80%, you would have approximately $88,141.74 in the bank.

To calculate the amount of money you will have in the bank after 8.5 years, we need to consider the compound interest earned on the profits every 3 months.

First, let's determine the number of compounding periods in 8.5 years. Since compounding occurs every month, there are 8.5 years * 12 months/year = 102 months.

Next, we calculate the compound interest rate per period. The annual interest rate is 0.80%, which means the monthly interest rate is 0.80% / 12 = 0.0067.

Now, let's calculate the amount of money after each compounding period. Starting with the initial profit of $52,500, the formula to calculate the future value of an investment with compound interest is:

Future Value = \({Present Value} * (1 + interest rate)^{number of periods\)

After 3 months: Future Value = \(52,500 \times (1 + 0.0067)^1 = 52,867.50\)

After 6 months: Future Value = \(52,867.50 \times (1 + 0.0067)^1 = 53,236.07\)

We continue this calculation for each compounding period until we reach 102 months. Finally, after 102 months, you will have approximately $88,141.74 in the bank.

Please note that this calculation assumes that the profits are deposited at the end of each 3-month period and that no withdrawals or additional deposits are made during this time. Additionally, any taxes or fees associated with the account have not been considered in this calculation.

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Related Questions

Joni, a college student, has $400 worth of expenses monthly. How much should she save be financially secure?​

Answers

Answer:

200 i think sorry if im wrong

Explanation:

When financial statements are prepared, unexpired prepaid accounts are recorded as _______ (expenses/assets/liabilities) and the expired portion of the prepaid account is reported as a(n) _______ (expenses/assets/liabilities).
Dev is an employee of the foreign subsidiary of a United States based company who lives and works in the United Kingdom. According to FATCA, how much of his wages may Dev exclude from United States' taxes, according to 2021 guidelines? Multiple Choice $108,700 $93,650 $117,620 $104300

Answers

When financial statements are prepared, unexpired prepaid accounts are recorded as assets and the expired portion of the prepaid account is reported as an expense.

Prepaid expenses are expenses that a company has paid in advance. These expenses are documented on a company's balance sheet as a current asset until they are used up or expire. If a prepaid expense expires or is used up before the end of the accounting cycle, the expense is recognized in the income statement as an expense in the period in which it is used up or expired. Therefore, unexpired prepaid accounts are recorded as assets and the expired portion of the prepaid account is reported as an expense.

Under the FATCA guidelines, Dev may exclude up to $108,700 of his wages from United States taxes. Therefore, the correct option is A. $108,700.

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. Which of the following businesses attract customers due to their ease of accessibility?
O Service
Entrepreneurial
Internet
O Home Based

Answers

Answer:

C. Internet.

Explanation:

An ease of accessibility can be defined as the characteristic of a business which makes it readily available for use at different locations at a particular period of time. Thus, the business is free from all form of difficulties in being accessed or reachable by customers.

This ultimately implies that, ease of accessibility is a characteristic which makes a business responsive to customer requests at any time.

Hence, the business which attract customers due to its ease of accessibility is an internet because everyone around the world is able to use or access the internet at any time, provided they have a network connection and a compatible device such as a smartphone, computer, tablet etc.

Which of the following describes the two different types of interest rates offered on home mortgages?

A: Fixed and variable
B: Timed and untimed
C: High and low
D: Year or decade

Answers

The two different types of interest rates offered on home mortgages is  A) Fixed and variable.

A loan is a financing settlement between a lender and a borrower, where the latter borrows a positive amount of money and repays it over a period of time. A mortgage, or home mortgage, is a sort of mortgage used to shop for real estate, and secured with the aid of the purchased land or house.

Even along with the association charges, a loan continues to be probable to be less expensive than getting rid of a non-public loan. However, to be virtually certain of which would come up with the higher deal you want to evaluate the total value of borrowing - consisting of association charges for the mortgages - of the two styles of a mortgage.

A mortgage is an agreement between you and a lender that gives the lender the proper to take your private home if you fail to pay off the money you've borrowed plus interest. Loan loans are used to shop for a domestic or to borrow money towards the cost of a home you already personal.

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Which nims management characteristic is necessary for achieving situational awareness?.

Answers

The NIMS Management Characteristic is facilitating information sharing is Integrated Communications.

What are the characteristics of NIMS?

All levels of government are governed under the National Incident Management System (NIMS). Common nomenclature, modular organization, management by objectives, and incident action planning are some of the key traits.

Interoperable communication methods and systems, which include voice and data linkages, are developed and put to use to facilitate integrated communications.

To sustain connectivity, establish situational awareness, and make information sharing easier, integrated communications are required.

As a result, integrated communications is the correct option.

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Which nims management characteristic is necessary for achieving situational awareness?.

Collusion occurs when companies agree to drop prices and increase production.

True
or
False

Answers

It’s obviously false you nerd

3. ______ are defined as goods or services that are required for health and safety.

Answers

Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.

What is the safety of goods?

A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.

Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.

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to ensure the accuracy of inventory accounted for using a perpetual system, physical counts ______. (check all that apply.)

Answers

To ensure the accuracy of inventory accounted for using a perpetual system, physical counts detect shrinkage, bookkeeping error, and theft.

So, the correct option is A, C, and D.

Systems with perpetual inventories demand more thorough inventory data. Since the cost of goods sold accounts and the merchandise inventory must be updated often under perpetual inventory systems, more thorough inventory records are needed. Companies that use a perpetual system do a physical inventory at year's end to verify the correctness of their records and to calculate the amount of inventory lost as a result of wastage of raw materials, shoplifting, or staff theft.

Every time a firm makes a sale or buys new inventory, the perpetual inventory system's software logs the changes into a sales revenue account. The accounting records will display accurate balances in the accounts affected by the sales as a result of this procedure of registering sales.

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The given question is incomplete. The complete question is:

To ensure the accuracy of inventory accounted for using a perpetual system, physical counts ______. (Check all that apply.)

a. detect booking errors

b. are not needed when a perpetual system is used

c. detect theft

d. detect shrinkage

Answer:A,C,D

Explanation:

Identical elements are more appropriate for open skills as opposed to closed skills.
a. true
b. false

Answers

Identical elements are more appropriate for closed skills rather than open skills. Closed skills are tasks that are performed in a predictable and stable environment,

where the movements or actions required are consistent and can be repeated in the same way each time. Examples of closed skills include swimming a specific stroke, playing a musical instrument, or performing a routine task. Open skills, on the other hand, are performed in dynamic and unpredictable environments where the conditions and variables can change. These skills require adaptability and the ability to adjust movements and actions in response to the changing circumstances. Examples of open skills include playing team sports, driving in traffic, or negotiating in a business setting.

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12. ………… you there when the fire broke out ?
1) Are 2) Were 3) Will 4) Did

Answers

Answer:

Were

Explanation:

Have a good day

Hope I helped

Answer:

were

Explanation:

third person plural

Which of the following is a characteristic of an oligopoly market structure?
a. Many firms
b. Price equals marginal revenue
c. Strategic interdependence
d. A unique product

Answers

Strategic Interdependence is a characteristic of an oligopoly market structure.

In an oligopolistic market, where there are few firms and the items are highly correlated, each firm depends on the others to maximize profit. In order to corner the market, they jointly decide on price and output. A market structure known as an oligopoly has a small number of enterprises, none of which can prevent the others from having a large impact. The market share of the major companies is calculated using the concentration ratio.

A market with a monopoly has just one producer, a duopoly has two businesses, and an oligopoly has three or more businesses. The maximum number of firms in an oligopoly is unknown, but it must be low enough such that each firm's activities have a major impact on the others. Oligopolies can be created, maintained, or dismantled as a result of economic, legal, and technological considerations. The prisoner's dilemma that each member faces, which motivates each member to cheat, is the main challenge that oligopolies face.

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developing engagement observations, conclusions, and recommendations involves comparing the condition with the relevant standard or criterion. which of the following choices best represents an appropriate standard or criterion to support engagement observations, conclusions, and recommendations?

Answers

To best represent an appropriate standard or criterion to support engagement observations, conclusions, and recommendations, you should consider utilizing industry benchmarks or best practices.

By comparing the current condition with recognized standards or established best practices in the relevant field, you can effectively evaluate the performance, identify areas of improvement.

This approach ensures that your analysis is based on reliable and proven methodologies, leading to well-informed conclusions and meaningful recommendations for enhancing engagement.

Remember to maintain a factually accurate, professional, and friendly tone while providing concise explanations in your answer.

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What dynamics were used ​

Answers

Answer:

J.S. Bach used some dynamic terms, including forte, piano, più piano, and pianissimo (although written out as full words), and in some cases it may be that ppp was considered to mean pianissimo in this period.

Creating an anonymous complaint or grievance process is something
employers can implement to prevent which of the following?
O A. Layoffs
B. Harassment
C. Taxed income
D. Arguments

Answers

Answer is B.) Harassment

hope I could help goodluck

The number of seats a table can have is usually expressed as the number and the word "top". You can have 17, 4-top tables, 28, 2-top tables, 15, 6-top tables and 5, 10-top tables. How many can your restaurant seat?


A) 244 seats

B) 264 seats

C) 288 seats

D) None of the above

Answers

Answer:

B) 264 seats

Explanation:

'Top' is the number of seats per table.

17 tables with 4 seats will have

17 x 4 = 68 people

28 2-top tables

28 x 2 =56 seats

15, 6-top tables

15 x 6 =90 seats

5, 10-top tables.

5x10 = 50 seats

Total number of people who can seat

= 68 + 56 +90 +50

=264 seats

At which point in the accounting cycle should an accountant prepare a trial
balance?
A. Just before preparing financial statements
OB. At any point he or she chooses
OC. At the end of the cycle only
D. At the beginning of the cycle only

Answers

At the end of the cycle only in the accounting cycle should an accountant prepare a trial balance. The correct option is C.

Why do accountants prepare a trial balance?

A trial balance's purpose is to ensure that all entries made to an organization's general ledger are properly balanced. Each general ledger account's ending balance is listed in a trial balance. Each accounting entry's total dollar amount of debits and credits is supposed to match.

The trial balance is created after all transactions in the ledger accounts have been recorded. All ledger account balances to the credit and debit sides are recorded in the trial balance. It is typically prepared at the end of the fiscal year, prior to the preparation of final accounts.

Thus, the ideal selection is option C.

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Often, an objection is simply a request for

A. a discount

B. a different salesperson

C. more time

D. more information

Answers

Answer:

C. and D.

Explanation:

An Objection is when a certain something strongly disagrees with a reasoning But that reasoning can be very challanging to be dealt with. an expression or feeling of disapproval or opposition; a reason for disagreeing.

1) When are ethics and ethical standards especially important in organizations? 2) Why might managers do things that conflict with their own ethical values? 3) How can managers ensure that they create ethical organizational cultures? 4) Some workers might resent accommodations made for employees with disabilities. As a manager, what could you do to ensure all employees are treated fairly?

Answers

Ethics and ethical standards are especially important in organizations as they are responsible for setting the tone and expectations of behavior for all employees. Ethical standards help to create a positive work environment and promote trust among coworkers.

Managers may do things that conflict with their own ethical values due to external pressures, such as organizational policies or economic constraints. They may be motivated by a desire to please their superiors or to increase the company's profits.

Managers can ensure that they create ethical organizational cultures by setting an example of ethical behavior, providing training and resources to employees on ethical issues, and promoting open communication.

To ensure all employees are treated fairly, managers should create policies for accommodating employees with disabilities and provide training for employees about the importance of inclusiveness. Additionally, managers should be prepared to address any discriminatory or hostile behavior in the workplace.

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bonds that require payment of the full principle amount of the bond at the end of the loan term are referred to as

Answers

The type of bonds which requires payment of the full principal amount of the bond at the end of the loan term is known as Term bond.

The Term bond are debt securities which are issued by companies or government to investors with scheduled maturity dates.

In other word, the term bond matures on a specific date in the future.

The period of term bond is the between the time of bond's issuance and the  scheduled maturity period.

Therefore, in conclusion, the term bond is the bond requires payment of the full principal amount of the bond at the end of the loan term.

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what is included in a business plan

Answers

Answer:

There is no specific answer

Explanation:

Every business has different plans based on what they do.

A business plan is separate from an individual plan. Business plans can also include tools that the other plans don't have.

What are the three components of retained earnings?.

Answers

Answer:

revenues and gains, expenses and losses, and bottom line of net income or net loss for the period.

The three components of retained earnings are:

RevenueExpensesDividends

What is retained earnings?

The term "retained earnings" refers to the amount of revenue retained by a corporation after subtracting indirect and direct costs, income taxes, and shareholder dividends. Retained earnings are the net income that a company maintains for itself. Retained earnings are a liability to a company since they are cash set aside to reimburse stakeholders in the event of a company sale or buyout.

There was the three important compotes are retained earnings such as

revenues and gainsexpenses and lossesDividends

Earnings retained in the beginning period, net profit/loss made throughout the accounting cycle, and cash and dividend income paid during in the accounting cycle are all included.

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Petra is paying her ten employees for 40 hours a week 52 weeks each year. In 2007 Petra spent___ on wages for her employees each week. When the minimum wage rose in 2009, Petra had to increase her annual budget for wage from 2008 by___.

Answers

Complete question:

Petra owns a coffee shop. She has ten employees.In 2007, she paid her employees minimum wage ($5.85 an hour).In 2008, the minimum wage increased to $6.55 an hour.In 2009, the minimum wage increased to $7.25 an hour. Petra is paying her ten employees for 40 hours a week 52 weeks each year. In 2007 Petra spent___ on wages for her employees each week. When the minimum wage rose in 2009, Petra had to increase her annual budget for wage from 2008 by___

Answer: $2340 ; $14,560

Explanation:

Given the following :

2007 minimum wage = $5.85/ hour

2008 minimum wage = $6.55/ hour

2009 minimum wage = $7.25/ hour

Number of Employees = 10

Number of hours = 40 hours per week for 52 weeks

Amount spent on wages per week in 2007:

Minimum wage × number of employees × number of hours per week

= $5.85 × 10 × 40 = $2340

B.)

wage increase between 2008 - 2009:

$7.25/hour - 6.55/hour = $0.7/hour

Therefore, increase in annual budget equals:

Wage increase × number of employees × number of hours per week × number of weeks

= $0.7 × 10 × 40 × 52 = $14,560

Answer:

$2340 ; $14,560

on E2020 HAVE A GREAT DAY!!! :)

Which of the following types of advertising has the advantage of being especially affordable?

Magazine advertising

Internet advertising

Billboard advertising

Answers

Answer:

magazine advertising

Explanation:

most people think of the large glossy national publications full of big band adveritisers.

Answer:

internet advertising

Explanation:

The balance on a credit card, that charges a 20%
APR interest rate, over a 1 month period is given in
the following table:
Days 1-5: $200 (initial balance)
Days 6-20: $350 ($150 purchase)
Days 21-30: $150 ($200 payment)
What is the finance charge, on the average daily
balance, for this card over this 1 month period?
finance charge = $ [?]
Round to the nearest hundredth.
Enter

Answers

The balance on a credit card, that charges a 20% APR interest rate, the Finance charge is given as

$4.3055

This is further explained below.

What is the APR interest rate?

Generally, The interest rate that is applied to a loan, mortgage loan, credit card, etc. is referred to as an annual percentage rate of charge, which sometimes corresponds to a nominal APR and sometimes corresponds to an effective APR.

The annual percentage rate of charge is the interest rate for the entire year, as opposed to just a monthly fee or rate. It is a fee for financing that is presented in the form of an annual rate.

Interest rate APR = 12%

Average balance = ((200*5)+(350*15)+(150*10))/30

Average balance = $258.33

Average balance*APR/12

Finance charge =\(\frac{258.33*20 \%}{12 }\)

Finance charge = $4.3055

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One would speak of a change in the quantity of a good supplied, rather than a change in supply, if
a. the cost of producing the good changes.
b. prices of substitutes in production change.
c. the price of the good changes.
d. supplier expectations about future prices change.

Answers

If the price of the good changes, one would talk about a change in the quantity of the good delivered rather than a change in supply.

According to the law of supply, when a good's price increases, so does the amount supplied, and when a good's price decreases or decreases, so does the quantity supplied. According to the law of supply, when a good's price increases, so does the amount supplied, and when a good's price decreases or decreases, so does the quantity supplied. In order to maximise profit and income, producers often manufacture and supply more items and services when the price is high. The law of demand asserts that when a good's price increases, the amount desired decreases or increases, and vice versa.

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A firm has an incentive to decrease supply now and increase supply in the future if it expects that.

Answers

A firm has an incentive to decrease supply now and increase supply in

the future if it expects that price of its product will be lower in the

future than it is today.

When the price of a product goes down what happens?

Economists refer to this as the Law of Demand.

When the price rises, the quantity demanded falls (but demand itself stays the same).

When the price falls, the quantity demanded rises.

This is known as the Law of Demand.

Price and quantity increase as demand rises. Price and quantity decrease as demand falls.

Price decreases, and quantity increases as supply increases.

Supply decrease: price rises, quantity falls.

According to the law of demand, demand for a product or resource decreases as its price rises and increases as the price falls.

Conversely, the law of supply states that higher prices increase the supply of an economic good while lower prices decrease it.

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15 points!
You will need to revise your budget to account for a car payment.

Which expense category would be the most difficult to change or reduce?

entertainment -Not the answer
rent
savings
groceries

thank you!

15 points!You will need to revise your budget to account for a car payment.Which expense category would

Answers

Answer:

rent

Explanation:

The rent expense will be difficult to revise. Usually, the rent amount is contained in a tenancy agreement signed by both the landlord and the tenant. The rent amount does not change until the lease or tenancy agreement expires. Changing the rent amount would require the landlord's consent.

Due to the above reasons, rent is classified as a fixed cost. It remains constant in the short run.

Answer:

rent

Explanation:

is the correct answer

Workplace diversity describes differences among workers in any of the following areas:
attitude
education
ethnicity
industry

Answers

Answer:

industry because here based the all the business in whole world

QUESTION 4: ENVIRONMENTAL ISSUES
4.1. Read the scenario below and answer the questions that follow.

NAZIM MANUFACTURERS (NM) Nazim Manufacturers specialises in the manufacturing of furniture and cutlery. Farida, the CEO, provides all the equipment that is necessary to perform the work. The employees of NM use prescribed safety equipment. NM also encourages employees to do regular health checks. The employees of NM requested their colleagues Jan, Elsie, Thula and Craig to ensure that NM complies with COIDA.

4.1.1. Quote the responsibilities of the employer, employee and the business in protecting human health and safety in the workplace from the scenario above. (3) ​

Answers

Environmental issues are results of human interest in the biophysical environment, most customarily of that are dangerous results that purpose environmental degradation.

Main modern Environmental issues may encompass weather change, pollutants, environmental degradation, and useful resource depletion. The conservation motion lobbies for the protection of endangered species and protection of any ecologically precious herbal areas, genetically modified foods, and international warming.

These encompass pollutants, overpopulation, waste disposal, weather alternatives, worldwide warming, the greenhouse effect, and many others.

The listing of Environmental issues in our surroundings goes on, however, there are 3 major ones that affect the general public overall: international warming and climate change; water pollutants and ocean acidification; and lack of biodiversity.

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If the economy is at point a. a sudden increase in the price of oil without any change in the aggregate demand shifts the short-run phillips curve (srpc) from?

Answers

If the economy is at point a. a sudden increase in the price of oil without any change in the aggregate demand shifts the short-run phillips curve (srpc) from?

A) SRPC1 to SRPC2

Describe an economy.

A complex system of linked trading, consumption, and production activities makes up an economy, and it ultimately decides how resources are distributed among all the players. The requirements of persons who live and work inside the economy are met by the creation, consumption, and distribution of products and services.

A country, a region, a single industry, or even a family may be represented by an economy.

The full question was :

Suppose the economy is at Point A, a sudden increase in the price of oil

without any change in the aggregate demand shifts the short-run Phillips curve (SRPC) from

A) SRPC1 to SRPC2. B) SRPC1 to SRPC3.

C) SRPC2 to SRPC1. D) SRPC3 to SRPC1.

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Increased secretion by all the salivary glands results from: 1. Gavin buys 89 blue pansies and86 yellow pansies. He will plant the flowersin 5 rows with an equal number of plantsin each row. Draw a bar model to help youfind how many plants will be in each row,O17Spiral Review Q. A mechanic has a radiator hose thatmeasures 32 feet long. It needs to be cut intopieces equaling 5 feet 3 inches. How manywhole pieces can it be cut into?A. 4 piecesB. 6 piecesC. 7 piecesD. 8 pieces Find the measure of angle A.9)A3x + 6754x+6 Magsanay sa paggamit ng iskala.Alamin ang tunay na distansya sa pamamagitan ng iskala.Sagutin ang mga sumusunod.Isulatang sagot sa sagutang papel.Iskala:1 cm=100 km1:4 = __ km2:12 cm=___km3:45cm=___km a variety of plants and animals inhabit a forest ecosystem. which statement correctly explains why certain organisms would be more likely to survive than others if a forest fire burned the area? GIVING 100 POINTS Essay Question #1 to be written in complete sentences. 1 paragraph minimum of 7 complete sentences.Explain the physical, emotional, cognitive factors that affects performance in baseball/softball or volleyball sports. What is one function of MEIOSIS? (Choices in picture) a table that is in 1nf and contains no partial dependencies is said to be in . question 8 options: a) 1nf b) 3nf c) 4nf d) 2nf Looking at a slide of axillary skin under the microscope, you notice the presence of ________ glands that are absent on slides of the scalp. Answer the following questions. 2. Released in 1992, Street Fighter II, the revolutionary fighting game, was developed by which company?a) Electronic Artsb) Atari Interactive Inc.c) Capcomd) Nintendo help help help due in 10 mins Express the interval using inequality notation. [9,0) laura has a toy robot collection 4/7 of her robots makes noise how many of lauras robots make noise? and can u show ur work pls how u got the answer tysm Advise unsuccessful university applicants on two alternative opportunities they could consider to ensure that they can still follow their planned careers Which statement best expresses one of the themes of "The Black Ball"?a. Race and class do not shape a human being in any way.b. Life is a game that must be played by the rules.c. Racism is a dehumanizing force that must be resisted.d. Parents and children are often torn apart by social pressure. As a result of her discovery, Serafina should investigate setting up her employees in________ to reduce the cost of an employee's monthly deductibles. Employees will have________ into which they can distribute money tax free to pay for medical bills that come due. There account designed to pay for all medical care. Use your knowledge of employee benefits to answer the following questions. Retirement and savings make up about_____ of every dollar paid in compensation in the United States. doctor or other health care provider. your company has just reorganized its health care insurance program. employees now pay less every month, but they must pay more when they see a doctor or other health care provider.What should the company do to communicate information about the new program to employees?communicate the information only verbally to employee groups, so you can answer questions as they arise communicate online only, as you want to be sure the information is spread as widely as possible communicate on paper only, as employees will need to file the information and keep it communicate using multiple types of media, in person, on paper, and online ryan invest a sum of money in a savings account with a fixed annual interest rate of 4.31% compounded 12 times per year after 10 years the balance reach $12,855.94 what was the amount of the intiial investment Jared also wants to make fruit punch. He has 8 pints each of orange juice, pineapple juice, and cranberry juice. Which of the following is true? A. He does not have enough of each type of juice to make 1 recipe. B. He has enough of each type of juice to make 1 recipe. C. He has enough of each type of juice to make 2 recipes. D. He has enough of each type of juice to make 3 recipes.