zachary invests $400 into an account that earns 3.5% simple interest for 5 years. he does not make any other deposits or withdrawals. at the end of 5 years, zachary invests the entire account balance into a different account that earns 5% simple interest. he leaves the money in the account for 2 years without making any additional deposits or withdrawals. what is the new account balance at the end of 2 years? drag and drop values into the boxes to correctly complete the statements. put responses in the correct input to answer the question. select a response, navigate to the desired input and insert the response. responses can be selected and inserted using the space bar, enter key, left mouse button or touchpad. responses can also be moved by dragging with a mouse. zachary invests $response area into the account that earns 5% simple interest. at the end of 2 years, the account balance is $response area.
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\Zachary initially invests $400 into an account that earns 3.5% simple interest for 5 years. Afterward, he transfers the entire account balance to a different account that earns 5% simple interest, leaving it untouched for 2 years. At the end of this period, the new account balance is $422.
To calculate the account balance at the end of 5 years with a 3.5% interest rate, we use the simple interest formula: I = P * r * t, where I is the interest, P is the principal amount, r is the interest rate, and t is the time in years. Substituting the given values, we have I = 400 * 0.035 * 5 = $70. Thus, the balance after 5 years is $400 + $70 = $470.
Next, Zachary invests this entire amount into a new account that earns 5% simple interest for 2 years. Using the same formula, the interest earned during this period is I = 470 * 0.05 * 2 = $47. The new account balance is the sum of the initial principal and the interest earned: $470 + $47 = $517. Therefore, at the end of 2 years, the new account balance is $517.
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Related Questions
Someone asked me "hru" but I dont feel anything rn. Like, I don't feel good, bad, OR in between. What do I say?
Answers
Answer:
Maybe ask them how THEY are doing
Explanation:
Required information
[The following information applies to the questions displayed below.]
On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,390 in assets to launch the business. On December 31, the company’s records show the following items and amounts.
Cash $ 13,210 Cash withdrawals by owner $ 1,460
Accounts receivable 13,320 Consulting revenue 13,320
Office supplies 2,720 Rent expense 2,950
Land 45,910 Salaries expense 6,290
Office equipment 17,350 Telephone expense 830
Accounts payable 7,970 Miscellaneous expenses 640
Owner investments 83,390
Using the above information prepare a December income statement for the business.
Answers
Based on the information given the December statement of cash flows for Ernst Consulting is $2,610.
Income statement:ERNST CONSULTING Income Statement For Month Ended October 31
REVENUES
Consulting fees earned $13,320
Total revenues $13,320
EXPENSES
Rent expense $2,950
Salaries expense $6,290
Telephone expense $830
Miscellaneous expenses $640
Total expenses $10,710
($2,950+$6,290+$830+$640)
Net income $2,610
($13,320-$10,710)
Inconclusion the December statement of cash flows for Ernst Consulting is $2,610.
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Pls help me lol
Assignment
In a newspaper, magazine, or online, find three comparable job descriptions.
• What job did you choose?
• What are the qualifications for each job?
• What type of compensation does the ad reflect?
Is this a job you would take based on the advertisement? Explain.
• What other information do you need concerning the job before you would apply?
• Find the current wage for the type of job you have chosen.
Using one of the six functions of human resource management, determine why this function is important to an
organization. What might a small business owner do to make sure that the HR function was performed?
Assignment Guidelines:
- Provide responses to all of the prompts for each of the three different jobs.
- In three complete paragraphs, explain the function of human resource management.
Submission Requirements:
three job comparisons
three-paragraph response
• Submit the assignment question(s) with your responses.
• Proofread for spelling, grammar, and punctuation.
• Remember to use complete sentence structure.
Paragraphs need to have minimum of six sentences.
.
Answers
To analyze a job advertisement compatible with a professional profile in newspapers, magazines or online, it is necessary to identify essential aspects, such as the company, qualifications and type of remuneration, from the job description.
It is essential that the candidate is also aware of the information present in the description, such as the necessary experience and the means of contacting the company.
Recruitment and Selection processThe Human Resources Department of a company is responsible for developing the recruitment of suitable professionals, based on the ideal professional profile, experiences and personality to assume a position in a company.
HR FunctionsIn addition to recruitment and selection, HR has six other essential functions in the people management process, which are:
Work environment safetyInternal relationshipCompensation and benefitsTraining and developmentLabor law complianceTherefore, to ensure that the six HR functions are performed effectively, it is necessary to integrate organizational systems, based on open communication and ethics, to generate a strengthened culture in the company.
HR is therefore responsible for generating value and trust for employees, in order to contribute to the development of their talents and keep them more involved and motivated at work.
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exercise 4-11 (algo) segmented income statement [lo4-4] wingate company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: sales $ 1,495,000 variable expenses 604,000 contribution margin 891,000 fixed expenses 980,000 net operating income (loss) $ (89,000) in an effort to resolve the problem, the company would like to prepare an income statement segmented by division. accordingly, the accounting department has developed the following information: division east central west sales $ 355,000 $ 630,000 $ 510,000 variable expenses as a percentage of sales 58% 30% 41% traceable fixed expenses $ 271,000 $ 320,000 $ 190,000 required: 1. prepare a contribution format income statement segmented by divisions. 2-a. the marketing department has proposed increasing the west division's monthly advertising by $28,000 based on the belief that it would increase that division's sales by 10%. assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented? 2-b. would you recommend the increased advertising?
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1. Prepare a Contribution Format Income Statement Segmented by Divisions:
Division East
Sales: $355,000
Variable Expenses: $207,100 (58% of Sales)
Contribution Margin: $147,900
Traceable Fixed Expenses: $271,000
Net Operating Income (Loss): ($123,100)
Division Central
Sales: $630,000
Variable Expenses: $189,000 (30% of Sales)
Contribution Margin: $441,000
Traceable Fixed Expenses: $320,000
Net Operating Income (Loss): $121,000
Division West
Sales: $510,000
Variable Expenses: $208,100 (41% of Sales)
Contribution Margin: $301,900
Traceable Fixed Expenses: $190,000
Net Operating Income (Loss): $111,900
2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $28,000 based on the belief that it would increase that division's sales by 10%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented?
If the proposal is implemented, the West Division's Sales will increase by 10% (i.e. $51,000) and Variable Expenses as a percentage of Sales will remain the same at 41%. Therefore, the Division West's Contribution Margin will increase to $352,900 ($301,900 + $51,000) and the company's Net Operating Income will increase by $40,900 ($111,900 + $51,000 - $190,000).
2-b. Would you recommend the increased advertising?
Yes, based on the estimates of the Marketing Department, it is recommended to implement the increased advertising for the West Division as this will lead to an increase in Net Operating Income of $40,900.
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what is a table in economics and state 5 characteristics of a table
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A table is a systematic arrangement of data implementing columns and rows to display information which make it easier for better understanding.
Table number: A table should always be numbered for easy identification
Title of the table
Stubs: These refer to the headings of horizontal rows.
Captions: these refer to the headings of vertical columns
Clear, to the point and a suitable font/ size for the text. Information must be inserted in the same format into the appropriate cells
Latrice works in product design for a cell phone manufacturer. She researches what people like and dislike about their current cell phones and then draws up ideas for new designs. What skill might benefit Latrice in her career?
A. Latrice is great with math and keeping things in order.
B. Latrice is outgoing and friendly.
C. Latrice is artistic and has a great imagination.
D. Latrice loves the outdoors.
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Investors minimize risk by investing money in __________. A. one specific company B. a variety of companies C. newly-formed corporations D. companies that are competitors Please select the best answer from the choices provided A B C D
Answers
Answer: B. a variety of companies
Explanation:
Investors minimize risk by investing money in a variety of companies. The reason for this is to minimize risk. Investing in one specific company isn't ideal because in the case of the company running at a loss, the investor loses all his or her money as well.
On the other hand, when the investor invest in different companies, the risk is minimized. When one company isn't doing well, others will probably be doing well.
3 oz x 6 feedings = 18oz per day X 30 days =
Answers
Answer:
540
Explanation:
simple math
Olde ple designs and manufactures shoes Olde ple can select only one of two protsenth of which wow Depending on the state of the economy, nach project has different throws Project Casual shoes Formal shoes Weak Economy 200,000 800,000 Strong Economy 1.600.000 1.400,000 The probability of a weak economy is 45% and a strong economy in 65%. The firm needs to raise 600.000 cott toner om next year Calculate the total firm wealth for both projects in both scenarios. If Olde ple's managers wish to maximize the total wealth of the who they invest in? Calculate the wealth available to shareholders for both projects in both scenarios. It Olde ple's managers wish to maximize shareholder en which proact should they invest in? mark it.
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To calculate the total firm wealth and wealth available to shareholders for both projects in both scenarios, we can multiply the profits of each project by their respective probabilities.
Let's calculate the total firm wealth: For Project Formal shoes: Weak Economy: 800,000 * 0.45 = 360,000 Strong Economy: 1,400,000 * 0.65 = 910,000 Now, let's calculate the wealth available to shareholders: Assuming the cost of capital is 600,000: For Project Casual shoes: Weak Economy: 90,000 - 600,000 = -510,000 (Loss) Strong Economy: 1,040,000 - 600,000 = 440,000 To maximize total firm wealth, Olde Ple should invest in the project with the highest total firm wealth. In this case, it would be Project Formal shoes, which has a higher total firm wealth in both scenarios. To maximize shareholder wealth, Olde Ple should invest in the project that provides a positive wealth available to shareholders. In this case, it would be Project Formal shoes in the strong economy scenario, which has a wealth available to shareholders of 310,000.
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If the demand curve shifted more to the right on this graph, which of the following could be the new equilibrium point?
Answers
Answer:
$200
Explanation:
Working with variances from the following data, determine the total actual costs incurred for direct material, direct labor, and variable overhead. standard costs variances direct material $120,000 price variance 3,000 u quantity variance 4,000 f direct labor 100,000 rate variance 1,400 u efficiency variance 1,800 u variable overhead 44,000 spending variance 1,000 f efficiency variance 600 u
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The correct answer is 4300.
Variance is said to be unfavourable if actual materials/labour etc used are more than the standards set.
The overall expenses incurred by a company may be divided into a variety of groups in the context of accounting, including fixed costs and variable costs, direct costs and indirect costs, prime costs and non-prime costs, material costs and conversion costs, etc. The application under consideration determines how the costs are classified.
Actual material cost:
Std Material cost 120000
Add: Unfavorable Price variance 3000
Less: Favorable Qty variance -4000
Actual material cost: 119000
labour cost actual:
Std labour cost 100000
Add: labor rate variance 1400
Add: Labor efficiency variance 1800
Actual labour cost 103200
Actual variable Oh cost:
Std variable OH cost 44000
Lless: Favorable Spending variance 1000
Actual variable Oh cost: 43000
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(13 points) APY is a(n) ____.
A. noncompounding interest rate
B. daily interest rate
C. interest rate advertised by lenders
D. interest rate advertised by borrowers
Answers
Answer:
C. interest rate advertised by lenders
Explanation:
APY stands for Annual percentage yield. It is the rate at which deposits earn interest in a checking or savings account. In other words, APY represents the amount of interest a deposit earns for one year when in a bank account.
The APY is a standardized presentation of interest to be earned. It incorporates all considerations, such as the compounding effect. APR makes it possible to compare expected returns from various financial instruments or institutions.
Which step of the legislative process is missing?
with answers in screenshot
Answers
an integral part of a team-based approach to organizational management is ____
Answers
An integral part of a team-based approach to organizational management is collaboration. Collaboration plays a crucial role in team-based management, fostering cooperation, innovation, and shared responsibility among team members.
Collaboration enables individuals with diverse skills and perspectives to come together, leveraging their collective expertise to achieve common goals. It promotes effective communication, information sharing, and problem-solving within the team. By encouraging collaboration, organizations can tap into the collective intelligence of their workforce, leading to improved decision-making and increased productivity.
Moreover, collaboration fosters a sense of belonging and engagement among team members, creating a positive work environment. It enhances trust, respect, and mutual support, enabling teams to navigate challenges and adapt to change more effectively. Ultimately, a team-based approach to organizational management, driven by collaboration, cultivates synergy and drives success.
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What are customer needs?
Answers
Answer:
A customer need is a need that motivates a customer to purchase a product or service.
Click this link to view O*NET's Work Activities section for Postsecondary Education Administrators.
Note that common activities are listed toward the top, and less common activities are listed toward the bottom.
According to O*NET, what are common work activities performed by Postsecondary Education Administrators?
Check all that apply.
making decisions and solving problems
operating vehicles
communicating with supervisors, peers, or subordinates
establishing and maintaining interpersonal relationships
repairing and maintaining electronic equipment
drafting, laying out, and specifying technical devices, parts, and equipment
Answers
Answer:
BDE
Explanation:
Answer:
A C D
Explanation:
Annual costs for a 4-year loan at 10% will be about $30 for each $100 borrowed (30/100 x amount borrowed x 4). How much are the approximate total costs (4-year loan, plus downpayment, plus initial costs) for each car?
Answers
To calculate the approximate total costs for each car, we need to add the annual costs for the 4-year loan, the downpayment, and the initial costs. Here's how to do it:
1. Calculate the annual costs for the 4-year loan: $30 for each $100 borrowed x amount borrowed x 4 = annual costs
2. Add the downpayment to the annual costs: annual costs + downpayment = total loan costs
3. Add the initial costs to the total loan costs: total loan costs + initial costs = approximate total costs
So, the approximate total costs for each car will be the sum of the annual costs for the 4-year loan, the downpayment, and the initial costs.
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According to this image :
1- What is the age range of the generation with the highest amount of household debt?
2-Which is the only generation to decrease its average debt from 2019 to 2020?
3-Compare the rate at which Gen Z’s debt increased from 2019 to 2020 compared to other generations.
With an increase of 67.2%, Gen Z’s debt increased at a much higher rate than other generations.
4-Calculate how long it would take for Gen Z’s average debt ($16,000) to reach Gen X’s level of average debt ($140,000) if it continued to increase at its current rate (67.2% per year).
5-Develop a logical argument why Gen Z’s debt is rising at such a high rate when the Silent Generation’s debt is decreasing.
I have to turn this worksheet today, So please ANYONE help me out please ASAP..
Answers
Answer:
1. Gen X 41-56years
2. Silent Gen reduced debt by 4.6%
3.Baby boomers increased by 0.3% from 2019 to 2020, they had the least increase in debt
Gen X followed with 3.5% increase from 2019 to 2020 while Millenials had 11.5% increase in debt between 2019 and 2022. Even though Gen Z debt increased by 67.2%, they still have the lowest debt overall into two years.
4.Gen Z average debt $16,000
Gen X average debt $ 140,000
In 5years, it will meet up with Gen Xs level of debt
5. The silent Gen are the elderly, mostly retired and no longer taking new loans while Gen Z is the younger generating, newly exploring the world, teenagers and students, young school leavers and new work force taking loans at the slightest offer. The silent age are no longer active, they are most been taken care of and won't be taking loan facilities for any purpose. Student loan, technology etc is available and most suitable for the age range of Gen Z, hence the difference in the loan dimension.
By drastically reducing inventories, manufacturers can increase the utilization of more floor space. This is an example of a
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Drastically reducing inventories to help manufacturers increase the utilization of more floor space is an example of B. a just-in-time (JIT) inventory system.
What is a Just-inTime inventory system?A Just-in-Time inventory system is inventory management that ensures that raw materials for production arrive as needed.
With a Just-in-Time system, inventory arrives as production is scheduled to begin.
The purpose of a Just-in-Time system is to reduce inventory on hand to the minimum just to meet demand.
A. a merchandising inventory system.
B. a just-in-time (JIT) inventory system.
C. a finished goods inventory system.
D. determining inventory quantities.
Thus, reducing inventories to help manufacturers increase the utilization of more floor space is an example of B. a just-in-time (JIT) inventory system.
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Mlb recently became the first major league to partner with a cbd brand, charlotte’s web. In a recent civic science survey, what percentage of fans strongly disapproved of the move?.
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Last month, MLB became the first major league to recognise Charlotte's Web as an official CBD partner, and half of the league's fans are cool with it. 50 percent of respondents rated the new revenue source as "very" or "somewhat" acceptable.
What is MLB?The world's oldest significant professional sports league is Major League Baseball (MLB), which is a professional baseball organisation. A total of 30 teams make up Major League Baseball (MLB), with 29 based in the United States and 1 in Canada, equally split between the National League (NL) and the American League (AL). In 1876 and 1901, the NL and AL, respectively, were established. The National Agreement, which the two leagues first signed in 1903, stipulated that they would collaborate while continuing to be legally distinct organisations. In 2000, however, the two leagues united to become the Baseball Commissioner's Organization. The MLB's head office is located in Midtown Manhattan. In addition, it is listed as one of the top professional sports leagues in both the US and Canada.
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Chapter 9 Pricing, Costing, and Growth.
It’s 10 questions - multiple choice and thank you !
I will give you brainliest if you answer all 10 (:
Answers
Answer:
b, b, c, a, d, c, b, d, a, c,
Explanation:
Explain why most experts believe that official U.S. data underestimate the actual rate of unemployment. What factors could make the official rate overstate the actual unemployment rate
Answers
Answer:
people simply quit looking for jobs.
Explanation:
In order to be considered unemployed, you must be out of work for at least four weeks and be actively seeking a new job. But if after 6 months, or 1 or even 2 years, you cannot get a new job, then you might simply quit looking for one. Since you quit looking for a job, you are not considered unemployed.
An active primary market for the creation of new securities and the presence of plenty of buyers and sellers are all most indicative of _____.
an efficient monetary policy
a national economy
a competitive marketplace
sound financial management
Answers
An active primary market for the creation of new securities and the presence of plenty of buyers and sellers are all most indicative of a competitive marketplace. Thus, option C is correct.
What is the market?Markets are places where individuals, businesses, and industries transact, whether it be for the purpose of purchasing, producing, or providing services. they use it n order earning profits.
As there are various suppliers in the market, there is a face lot of people have various options from which the person could buy.
Customer competition is fueled by a competitive market. This implies that consumers struggle among others to purchase a commodity, particularly when inventory is low. Therefore, option C is the correct option.
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Eduardo is currently involved in FBLA (Future Business Leaders of America). He has dreams to work on Wall Street. Assuming he will continue down the same career path, which professional organization would Eduardo most likely be a part of in the future?
SAG
AFP
AASA
DECA
Answers
Eduardo will most likely be involved with the DECA.
The Distributive Education Clubs of America (DECA) or more commonly referred to simply as DECA, is a student empowerment organization that aims to help emerging leaders such as Eduardo in the areas of:
Finance Business Marketing Hospitality and othersThey are available in both colleges and high schools and have helped hundreds of thousands of students.
In conclusion, if Eduardo keeps going down the finance path, he might end up with DECA.
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Answer: the answer is DECA!
explanation: im taking the test in edunuity right now.
HOPE IT HELPS
(If you can answer this question, please answer it. No one's been answering my questions ): )
Think about price, place, promotion, and product.
Do you see any limitations to using these methods to create a marketing plan? If so what limitations do you foresee?
Answers
Hope this helps :)
What does the concept of scarcity explain?choose three answers
Answers
The concept of scarcity explains:
why consumers are willing to pay high prices for items.why decisions must be made on how to use resourceswhy a single resource has more value than another resource.Scarcity as an economic idea "refers back to the basic reality of lifestyles that there exists most effective a finite quantity of human and nonhuman resources which the first-rate technical expertise is capable of the usage of to provide most effective restricted most amounts of each economic appropriate. shortage in economics refers to whilst the call for for a resource is greater than the deliver of that aid, as assets are limited. shortage consequences in purchasers having to make selections on how high-quality to allocate assets a good way to satisfy all simple needs and as many desires as feasible. shortage refers back to the confined availability of a useful resource in contrast to the infinite desires. shortage may be with appreciate to any natural assets or with admire to any scarce commodity. scarcity can also be called paucity of sources.
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Answer:
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why a single resource has more value than another resource.
Explanation:
why a product could lose significant value over time.
why people continue to purchase different products.
why consumers are willing to pay high prices for items.
why decisions must be made on how to use resources
why resources can be both renewable and nonrenewable.
why a single resource has more value than another resource.
(i took the test)
Fine print contains what? A. Only stuff lawyers require B. A bunch of useless info C. Clear language designed to be easy to read D. Virtually all of the important info in an agreement. Which is it?
Answers
Answer:
D
Explanation:
A fine print is a term that refers to the business usage of the terms and the conditions.
Have important information regarding the company or the documents that are placed in the footnotes and they are essential for entering into an agreement.Hence the option D is correct.
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When a financial institution makes a real estate loan to a home buyer, the transaction takes place: - When the buyer proves his creditworthiness -Illegally -In a primary market -In a secured environment
Answers
Answer:
When the buyer proves his creditworthiness
Explanation:
In simple words, the creditworthiness refers to the ability of a borrower to pay back the loan to the lender at the specified time and interest. While taking loan form a financial institution the home buyer first have to prove that he or she is able to pay back the loan taken.
Thus, from the above we can conclude that the correct option is A.
what steps must countries take to transition to a mixed-market economy?
Answers
Answer:
The steps that contries must take to transition to a mixed-market economy is by first establishing a fair labor market, discouraging all foreign investment and opening up trade to other countries.
A bank reconciliation is a(n) ______. Multiple choice question. internal report prepared to verify the accuracy of the voucher system external report prepared after the recording of adjusting entries and the preparation of financial statements internal report prepared to compare the company's cash records with the bank statement report prepared by the bank to independently verify the accuracy of the cash balance per the company's accounting records
Answers
A bank reconciliation is a(n): Internal report prepared to compare the company's cash records with the bank statement report.
Bank reconciliation is the way in which the bank balance is compare with cash balance in order to detect and rectified any discrepancies or error.
Important of Bank reconciliation includes:
• It enables company's or organizations to know the actual position of their bank balanc
•It help to detect errors
•It help to detect fraud
•It help to prevent fraud
•It help to prevent embezzlement of money.
•It help to verify the accuracy of both the bank balance and the cash balance.
Inconclusion A bank reconciliation is a(n): Internal report prepared to compare the company's cash records with the bank statement report.
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