you intend to purchase your dream pc upon graduation in two years. it will have a cost of $2,975, including all attachments and sales tax. you just received a $3,000 pre-graduation gift from your rich uncle that you intend to deposit in a money market account that pays 6% interest, compounded monthly. how much of your pre-graduation gift will you need to deposit in order to have $2,975 available for the purchase of the pc upon graduation? (round to the nearest $1)
Answers
To determine how much of your pre-graduation gift you need to deposit in order to have $2,975 available for the purchase of the PC upon graduation, you can use the concept of compound interest.
The formula for compound interest is:
A = P(1 + r/n)^(nt)
Where:
A = the future value of the investment/loan, including interest
P = the principal amount (initial deposit)
r = the annual interest rate (in decimal form)
n = the number of times that interest is compounded per year
t = the number of years
In this case, you want to find the principal amount (P). We can rearrange the formula to solve for P:
P = A / (1 + r/n)^(nt)
Given:
A = $2,975
r = 6% = 0.06 (annual interest rate)
n = 12 (compounded monthly)
t = 2 years
Now, let's substitute these values into the formula and calculate the principal amount:
P = 2975 / (1 + 0.06/12)^(12*2)
P = 2975 / (1 + 0.005)^(24)
P = 2975 / (1.005)^24
P ≈ $2,663
Therefore, you would need to deposit approximately $2,663 of your pre-graduation gift in order to have $2,975 available for the purchase of your dream PC upon graduation.
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Related Questions
stuart corporation produces products that it sells for $13 each. variable costs per unit are $8, and annual fixed costs are $107,000. stuart desires to earn a profit of $17,000. required use the equation method to determine the break-even point in units and dollars. determine the sales volume in units and dollars required to earn the desired profit.
Answers
Therefore, Stuart Corporation needs to generate $312,000 in sales to earn a profit of $17,000. To determine the break-even point in units, we can use the following formula:
Break-even point (units) = Fixed costs / (Price - Variable costs)
Break-even point (units) = $107,000 / ($13 - $8) = 21,400 units
Therefore, Stuart Corporation needs to sell 21,400 units to break even.
To determine the break-even point in dollars, we can multiply the break-even point in units by the selling price:
Break-even point (dollars) = Break-even point (units) x Price
Break-even point (dollars) = 21,400 units x $13 = $278,200
Therefore, Stuart Corporation needs to generate $278,200 in sales to break even.
To determine the sales volume in units and dollars required to earn the desired profit of $17,000, we can use the following formula:
Sales volume (units) = (Fixed costs + Desired profit) / (Price - Variable costs)
Sales volume (units) = ($107,000 + $17,000) / ($13 - $8) = 24,000 units
Therefore, Stuart Corporation needs to sell 24,000 units to earn a profit of $17,000.
Sales volume (dollars) = Sales volume (units) x Price
Sales volume (dollars) = 24,000 units x $13 = $312,000
Therefore, Stuart Corporation needs to generate $312,000 in sales to earn a profit of $17,000.
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The demand curve for a monopolistically competitive firm is downward sloping because
A. there are a large number of firms
B. the product is produced by using scarce resources
C. the products produced by different firms are not identical
D. it is easy for firms to enter or exit the market
E. the marginal cost rises as output produced increases
Answers
The demand curve for a monopolistically competitive firm is downward sloping because the products produced by different firms are not identical.
What is monopolistic competition?A monopolistically competitive firm is a firm where there are many sellers and buyers of differentiated goods. Sellers set the price for their goods and services.
In a monopolistic competitive market, there are large number of sellers which are producing similar products or close substitute but the products are different enough that the demand curve for each firm is downward sloping.
Hence, the demand curve for a monopolistically competitive firm is downward sloping because the products produced by different firms are not identical.
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According to the fdic community banks have less than what in assets than most cases
Answers
According to the FDIC, community banks have less than $ 10 million in assets in most cases.
An asset refers to economic or financial bonds that can act as benefits and rewards in the future. A community bank refers to a banking institution that is locally owned and looked over. It is not an official banking system. The local community looks after the finance, transactions, and loans.
FDIC stands for Federal Deposit Insurance Corporation. It looks after the supply of insurance deposits and looks after the safety and security of the deposits. This institution works with two agencies- American depository institutions and the National Credit Union Administration.
According to the definitions created by FDIC, any bank containing less than $ 10 million in assets is known as a community bank.
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How can being open to transfers help employees in their career growth?
A they galn experience
B. transfers always Include a pay raise
C. they galn approval from the management
D. they have job security
Answers
The approach to planning that focuses on formulating certain tactics to achieve specific organizational goals is called?.
Answers
Management by objectives refers to a planning method that focuses on developing precise tactics to attain specified organisational goals.
What is organizational goals?
Organizational goals are strategic goals established by a company's management to explain expected outcomes and direct employees' efforts.
Establishing organisational goals has numerous advantages: They direct staff efforts, justify a company's business and existence, set performance standards, limit the pursuit of unimportant goals, and serve as behavioural incentives. Organizations must create a strategy for selecting and meeting goals in order for them to have business value. Goals help a corporation identify its mission, grow its business, and meet its financial objectives. Setting precise organisational goals can also assist a company in measuring its progress and determining which tasks must be addressed in order to accomplish those business goals.
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what is barry’s and melissas gross earnings ?
Answers
Answer:
Barry earns $315.00
Melisa earns $120.00
Explanation:
Barry earns $9 per hour.
He works for 35 hours this week.
Gross income will be
=number of hours worked x hourly pay
=35 x $9
=$315
Barry earns $315
Melisa earns a 5% on sales
Sales for last week were $2400
Her earnings will be
=5% of $2400
=5/100 x 2400
=0.05 x 2400
=$120.00
Melisa earns $120.00
if a tax is levied on the sellers of a product, then the supply curve will
Answers
The supply curve will shift upward if a tax is levied on the sellers of a product.
What is a supply curve?A supply curve shows the graphical representation of the price of the product and the quantity of the product for the given time period.
When a supply curve shift upwards, it shows a decrease in the supply of the goods and increase in the price of goods. This shows how the curve will shift with a change in the prices of goods.
A supply will get a shift in the direction due to factors like the cost of input, changes in technology, events caused by natural shifts and so on.
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If a country has a comparative advantage in the production of some good then A. that country can produce the good at a lower opportunity cost compared to other producers. B. that country should specialize in the production of that good and not trade with other nations so that they can keep all the gains for themselves. C. that country should let other nations produce that good so that they may focus on new products that will expand job opportunities for their citizens. D. All of the above.
Answers
Answer:
Explanation:
C.
A country can produce a good at a lower opportunity cost than other producers if it has a comparative advantage in producing that good. As a result, choice (A) is the right response.
What is comparative advantage?When manufacturing a specific good, agents in an economic model have a comparative advantage over rivals if they can do so at a lesser opportunity cost or autarky price, that is, at a lower relative marginal cost before the trade.
Comparative advantage is the term used to express the economic reality of trade-related employment advantages for individuals, businesses, or nations that result from variations in their factor endowments or technology advancement.
The classical theory of comparative advantage was created by David Ricardo in 1817 to explain why nations engage in international trade even when their employees are more effective at producing each and every good than those in other nations.
Hence, option (A) is the right choice.
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Which of the following best describes managerial ethics?
Answers
Answer: It is the standard of conduct that guides a person's decisions and behavior.
During the proofreading task of the completion stage of a business message, be sure to
O add hyperlinks to change the style of the message.
Oplan the printing and distribution of the message.
O rewrite to clarify any confusing content.
O review for errors in writing, design, and layout.
Answers
Review for errors in writing, design, and layout.
What do most business people think is the primary purpose of business?
A. To fix the problems of society
B. To invest all profits back into the business
C. To protect private property
D. To generate wealth
Answers
The most business people think generating wealth is the primary purpose of business. Therefore, option D is the correct option.
What is business?Businesses are economic activities. The activity of the business is performed by the people either in order to make money or to make simply a living. The activity of the business is performed by manufacturing goods, producing services, buying, and selling.
The major purpose of business is to earn profits. However, some businesses are in social service as well, they produce goods and services for the betterment of the society and the environment. Also, corporate social responsibility, which is paid by the business to the government helps in many ways.
The majority of businesspeople believe that making wealth is the main goal of their industry. As a result, choice D is the best one.
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the most critical element in determining if a company can account for the transfer of receivables as a sale is the surrender of
Answers
The most critical element in determining if a company can account for the transfer of receivables as a sale is the surrender of control of the receivables by the seller.
What is a receivable?
A receivable is a legal term for a promise of payment owned by an organization for goods or services supplied on credit. The company issuing the credit is called the seller or creditor, while the consumer or debtor is called the buyer or debtor. The most critical element in determining if a company can account for the transfer of receivables as a sale is the surrender of control of the receivables by the seller. When a company sells its accounts receivable to a third party, it surrenders ownership and control of those receivables. As a result, if a company intends to account for a transfer of receivables as a sale, it must be surrendered control of the receivables. Otherwise, the transaction will be treated as a borrowing rather than a sale.
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Cattle Supply Inc. is a market leader in dairy farming equipment, which is typically large, bulky, and very heavy. In order to compete, Cattle Supply sells its products at very low prices. Although these products can be produced anywhere, the company is considering exporting as a way to grow in overseas markets. The viability of Cattle Supply’s exporting strategy could be constrained by transportation costs, particularly of products that can be produced in almost any location and have a
Answers
The viability of Cattle Supply’s exporting strategy could be constrained by transportation costs, particularly of products that can be produced in almost any location and have a low value-to-weight ratio.
What is the meaning of a low value-to-weight ratio?A low value-to-weight ratio is the comparison of the monetary value of an item versus its weight.
For example, before Cattle Supply Inc. can successfully adopt an exporting strategy, it must consider that its dairy farming equipment has low monetary value when compared with the weight, especially in transportation costs.
Though exporting should offer Cattle Supply Inc. the prospect of new markets, improved sales and profits, and a greater customer spread, it should not export when its product has a low-value-to-weight ratio.
Thus, the viability of Cattle Supply’s exporting strategy could be constrained by transportation costs, particularly of products that can be produced in almost any location and have a low value-to-weight ratio.
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If a business is following all the laws and regulations, it still might not be acting
A. dogmatically.
B. out of spite.
C. corporately.
D. congenially.
E. ethically.
Answers
If a business is following all the laws and regulations, it still might not be acting ethically. The correct option is E.
Compliance with legal requirements does not guarantee ethical behavior, as laws set minimum standards for acceptable conduct, while ethics encompasses a broader set of moral principles and values.
Ethics refers to the moral principles that guide individual and organizational behavior, focusing on concepts such as fairness, honesty, integrity, and responsibility. While laws and regulations are designed to establish a baseline for acceptable behavior and protect various stakeholders, they may not cover all ethical considerations or address every possible scenario.
A business can follow the letter of the law and still engage in practices that are morally questionable or harmful to stakeholders. For instance, a company may exploit legal loopholes, engage in deceptive marketing, or prioritize profit over social or environmental responsibilities. These actions may comply with legal requirements but can be seen as ethically problematic.
Furthermore, ethical behavior often requires going beyond legal obligations and considering the broader impact of business actions on society, the environment, and stakeholder relationships. Acting ethically involves making choices that align with higher moral principles, even when they are not explicitly mandated by laws.
In conclusion, while compliance with laws and regulations is essential for business operations, it does not automatically equate to ethical behavior. Businesses should strive to go beyond legal compliance and uphold ethical principles to foster trust, sustainability, and positive social impact.
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What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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why do resources have to be allocated in an economy?
Answers
Resources have to be allocated in an economy because resources are limited and can only be used to produce a finite amount of goods and services.
Why are resources allocated in an economy ?The allocation of resources involves deciding how much of each resource, such as labor, capital, and natural resources, should be used to produce different goods and services. These decisions are influenced by a variety of factors, including consumer demand, production costs, and government policies.
Overall, the allocation of resources is a critical aspect of any economy, as it determines how goods and services are produced and distributed and can have significant impacts on the well-being of individuals and society as a whole.
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What is the main purpose of the operation bank?
Answers
Answer:
what even is a operation bank
Explanation:
hehe
write a short note on meditation
Answers
Answer:
Explanation:Meditation is a practice where an individual uses a technique – such as mindfulness, or focusing the mind on a particular object, thought, or activity – to train attention and awareness, and achieve a mentally clear and emotionally calm and stable state.
To integers between eight is six and seven
outline 2 advantages to H&H of using secondary market research
Answers
Explanation:
It provides quick information and factual background perspectives
It is less expensive and affordable
One reason that mark to mark pipettes have helped with biocontainment is:_______.
Answers
Answer:
Mark to mark pipettes allow the precision delivery of the required volume of liquids and minimize the need to forcibly expel all of the liquids from a pipette.
Explanation:
Does this help you???
1. One advantage of sole proprietorship is:
A. -easing of starting.
B -availability of different talents.
C -unlimited life of the company.
D -double taxation
Answers
4. Tim moves to a different state and buys a house in his new city. His new house is bigger than the apartment he lived in before, so he also buys new furniture. His property taxes are higher for his new house, but sales tax he pays on his new furniture is lower. Which of these taxes is progressive, and which are regressive? What is the difference between a progressive and a regressive tax? (8 points)
Answers
Answer:
Property tax is progressive
Sales Tax is regressive
A progressive tax is one that takes a higher proportion of revenue from high-income people than it does from low-income people. A regressive tax is one that takes a higher percentage of low-income people's income than it does from high-income people.
Explanation:
who is suggesting a company align itself with a certain concert series
Answers
Sponsorship management is suggesting a company align itself with a certain concert series. Identification, solicitation, securing, servicing, and retention of sponsors, donors, and philanthropic patrons through proper.
Valuation and delivery of appropriate tangible and intangible benefits to provide financial and cost-cutting support for the event project. It describes the activities that a sponsor must carry out in order to maintain overall control and make key decisions company throughout the life cycle.
It also includes aspects of the sponsor's and manager's relationship. Sponsorship is critical to the success of your event in a variety of ways. Yes, financial support is important, but a sponsor company also allows you to target larger, more convenient locations for your event.
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At a local grocery store, they sell a Visa card that has a prepaid amount on it. People can use this card anywhere, but it cannot be used for more than its prepaid value. Which type of card is this?
A.
a debit card
B.
a smart card
C.
a stored value card
D.
a retail credit card
Answers
The type of the card is a Retail Credit card. Hence the option (D) is the correct one.
What is the function of retail credit cards work?For retail credit cards, an image You can potentially obtain benefits at some retail establishments if you have a retail store credit card.
Decide if you want a card that restricts the retailers with which you may earn rewards or one that enables you to earn rewards for regular purchases. Benefits could consist of privileged access to funding, exclusive deals, discounts, and awards.
For instance, paying in whole for a motorcycle costing $10,000 would be excessive for a buyer.
Consumer will receive a $10,000 loan from retail credit institutions, which will be repaid with interest over a period of time in the form of monthly installments.
Hence the correct option is (D).
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according to data from beverage digest, americans drank an average of 51 gallons of soft drinks in 1998. in 2012 they drank 42 gallons. where is this data likely documented in coca-cola's swot analysis?
Answers
The decline in the consumption of soft drinks can be seen as a weakness of the company, and it could be documented in the 'Weaknesses' section of the SWOT analysis.
SWOT analysis is a technique that is used to analyze the internal and external factors that could impact the success of an organization. SWOT stands for Strengths, Weaknesses, Opportunities, and Threats. A SWOT analysis helps companies identify the key areas where they excel and the areas where they need to improve. This analysis is used to assess the company's strengths and weaknesses, and identify the opportunities and threats that it faces in the market.Average is a value that is calculated by dividing the sum of all the values by the total number of values. The average is also known as the arithmetic mean. The average is a useful tool that is used to understand the overall trend in the data. The average is used in various fields like statistics, finance, and science. The average can be calculated for various parameters like age, height, weight, salary, and so on.Learn more about SWOT here: https://brainly.com/question/25066799
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Have $54,118.54 in brokerage account, and plan to deposit additional $3000 at the end of every future year until account totals $210,000. Expect to earn 10% annually on the account. How many years will it take to reach goal?
Answers
Answer:
11 years
Explanation:
PV= 54,118.54
FV= 210,000
I/Y= 10
PMT= 3000
N = ?
Number of years = N(Rate, -Pmt, -Pv, Fv)
Number of years = N(10, -3000, -54,118.54, 210,000)
Number of years = 10.9999949
Number of years = 11
Using virtualization methods, enterprises can respond to change more quickly and make better decisions in real time without physically moving their data, which significantly cuts costs.
Answers
Using virtualization methods, enterprises can respond to change more quickly and make better decisions in real time without physically moving their data, which significantly cuts costs is a true statement.
What are virtualization techniques?Virtualization is known to be a method or a technique that is often used to know how to differentiate a service from those of the underlying physical delivery of that said service.
Note that this is said to be the process of making a virtual version of an item such as computer hardware. It was known to be first created/ developed in course of the mainframe era.
Therefore, Using virtualization methods, enterprises can respond to change more quickly and make better decisions in real time without physically moving their data, which significantly cuts costs is a true statement.
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Using virtualization methods, enterprises can respond to change more quickly and make better decisions in real time without physically moving their data, which significantly cuts costs.True/false
A laundry can purchase soap containing 30% by weight water at a rate of ₹14 per kg fo.b. factory. The same manufacturer offers a soap containing 5% water by weight. If the freight rate is ₹1.40 per 10 kg, what is the maximum price that the laundry can pay the manufacturer for the soap containing 5% water?
Answers
A laundry has the option to purchase soap that contains 30% water by weight at a rate of ₹14 per kg fo.b. (free on board) factory. The same manufacturer also offers a soap containing 5% water by weight.
Let's calculate the maximum price per kg for the soap containing 5% water. We'll denote this price as ₹x.
In 1 kg of soap containing 30% water, the cost of water is 0.3 kg × ₹14 = ₹4.20. The weight of soap in 1 kg of soap containing 30% water is 1 - 0.3 = 0.7 kg.
The cost of 0.95 kg of soap is 0.95 kg × ₹x = ₹0.95x.
Additionally, considering the freight rate of ₹1.40 per 10 kg, the total cost of 1 kg of soap containing 5% water is ₹0.70 + ₹0.95x + ₹1.40 × (10/100) = ₹0.70 + ₹0.95x + ₹0.14 = ₹0.84 + ₹0.95x.
Since the laundry cannot pay more than the price of soap containing 30% water (₹14), we set up the inequality ₹0.84 + ₹0.95x ≤ ₹14.
Solving this inequality, we find x ≤ ₹18.38.
Therefore, the maximum price that the laundry can pay the manufacturer for the soap containing 5% water is ₹18.38 per kg.
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Which management viewpoint asks the question, what method is the best to use under these particular circumstances?.
Answers
The management viewpoint that asks the question, "What method is the best to use under these particular circumstances is Contingency management.
What is Contingency management?
Contingency management can be regaeded as kind of management that involves behavioural situation whereby individuals are 'reinforced', based on evidence of positive behavioural change.
Therefore, Contingency management asks the question, "What method is the best to use under these particular circumstances .
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maricopa's success scholarship fund receives a gift of $ 120000. the money is invested in stocks, bonds, and cds. cds pay 5 % interest, bonds pay 3.6 % interest, and stocks pay 10.5 % interest. maricopa success invests $ 20000 more in bonds than in cds. if the annual income from the investments is $ 8120 , how much was invested in each account
Answers
The total investment amount = $8,120.
To find the amount invested in each account, let's assign variables to the investments. Let's say the amount invested in CDs is x dollars. Since the amount invested in bonds is $20,000 more than in CDs, the amount invested in bonds would be (x + $20,000) dollars.
Now, let's calculate the annual income from the investments. The CDs pay 5% interest, so the income from the CDs would be (0.05 * x) dollars. The bonds pay 3.6% interest, so the income from the bonds would be (0.036 * (x + $20,000)) dollars. The stocks pay 10.5% interest, so the income from the stocks would be (0.105 * the total investment amount).
Since the total annual income from the investments is $8,120, we can set up the equation: (0.05 * x) + (0.036 * (x + $20,000)) + (0.105 * the total investment amount) = $8,120.
Simplifying the equation, we get 0.05x + 0.036(x + $20,000) + 0.105 * the total investment amount = $8,120.
Solving this equation will give us the values of x (amount invested in CDs) and (x + $20,000) (amount invested in bonds). The remaining amount would be invested in stocks.
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