a savings account earns 2.5% interest. if $3000 is invested, how many years is it until each of the following amounts is on deposit?
a. $3394
b. $3655
c. $4035
d. $5165
Answers
If $3000 is invested in a savings account at 2.5% interest it takes approximately 5.08 years to reach $3,394, 7.88 years to reach $3,655, 11.59 years to reach $4,035 and 21.16 years to reach $5,165.
To find out how many years it takes for each amount to be on deposit with a 2.5% interest rate and a $3,000 initial investment, we can use the formula for compound interest: A = P(1 + r/n)^(nt), where: A = the final amount, P = the principal amount ($3,000), r = the annual interest rate (0.025 for 2.5%), t = the number of years, n = the number of times interest is compounded per year (assuming it's compounded annually, n = 1)
To solve for t, we need to rearrange the formula: t = ln(A/P) / (n * ln(1 + r/n))
Now, we can calculate the number of years for each amount:
a. $3,394:
t = ln(3394/3000) / (1 * ln(1 + 0.025/1))
t ≈ 5.08 years
b. $3,655:
t = ln(3655/3000) / (1 * ln(1 + 0.025/1))
t ≈ 7.88 years
c. $4,035:
t = ln(4035/3000) / (1 * ln(1 + 0.025/1))
t ≈ 11.59 years
d. $5,165:
t = ln(5165/3000) / (1 * ln(1 + 0.025/1))
t ≈ 21.16 years
So, it takes approximately:
a. 5.08 years to reach $3,394
b. 7.88 years to reach $3,655
c. 11.59 years to reach $4,035
d. 21.16 years to reach $5,165
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Related Questions
Carmita works at a factory in Dhaka, Bangladesh, where she sews blue jeans for a major American firm. On Mondays, she sews the side seams of the jeans, on Tuesdays she sews on pockets, Wednesdays she presses finished jeans, Thursdays she folds jeans, packages sets of twelve in shrink wrap and places them in boxes, and on Friday she sews decorative stitching on the pockets and side seams. Carmita is working under the job design technique of Group of answer choices job rotation. job enrichment. job specialization. job enlargement.
Answers
Answer:
job rotation
Explanation:
Job rotation is a strategy in which the employees rotate between the jobs at the similar type of business. Here the employees would take the new task at a different job before rotating to their original position. In this, the employee should have the vast knowledge & skills in every different task they have been performed
Since Carmita works differently on each day so here she is using job rotation technique
If you use a finance calculator, be specific about which one and what you entered. For example: "Future Account Balance calculator, __% APR, __ periods per year, $__ recurring deposit, $ __initial deposit, for __ years. "1. You invest $5000 in an account with an APR of 2. 5%. Calculate the final balance of the account and the amount of interest earned under the following circumstances. You invest $5000 in an account with an APR of 2. 5%. The account earns simple interest for 3 years. A. How much interest will you earn altogether? (1 pt)b. What is the final balance of the account? (0. 5 pt)You invest $5000 in an account with an APR of 2. 5%. The account is compounded quarterly for 3 years. C. What is the final balance of the account? (1 pt) d. How much interest will you earn altogether? (1 pt) 2. Nakia plans to buy a $32,000 car. She will deposit money every month for 42 months into a savings account with an APR of 3. 5% in order to reach the $32,000 goal. (1 pt) a. How much money will she need to deposit every month to meet her goal? b. How much money will she deposit altogether? (1 pt)3. Laura invested $325 per month into a retirement plan with an APR of 2. 2% for 35 years. A. How many payments will she make altogether? (0. 5 pt) b. How much will she invest altogether? (1 pt) c. What will the final balance of her retirement plan be?d. How much of the final account balance is interest? What percent of the final account balance is interest? Round to one decimal place
Answers
a. To calculate the interest earned on the account with simple interest, we can use the formula: Interest = Principal x Rate x Time.
So, the interest earned will be:
Interest = $5000 x 0.025 x 3
Interest = $375
b. The final balance of the account with simple interest will be:
Final balance = Principal + Interest
Final balance = $5000 + $375
Final balance = $5375
c. To calculate the final balance of the account with quarterly compounding, we can use the Future Value of a Present Sum formula on a financial calculator, such as the HP 10BII.
We would enter the following values:
Present Value (PV) = -$5000 (since this is an investment)
Interest Rate per Quarter (i) = 0.025/4 = 0.00625
Number of Periods (n) = 3 x 4 = 12
Using the calculator, we get:
Final balance = $5,579.69
d. To calculate the total interest earned on the account with quarterly compounding, we can subtract the initial investment from the final balance:
Total interest = Final balance - Principal
Total interest = $5,579.69 - $5000
Total interest = $579.69
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A firm produces shirts using three workers. On Wednesday, Madeline completed 110 shirts in 6 hours, Federico completed 90 shirts in 7 hours, and Susan completed 130 shirts in 9 hours. What was the overall productivity of the firm? please leave detailed description of how to get to answer "in simplest form so I can understand , thanks"
Answers
Productivity is a measure of the efficiency of a production process or system. overall productivity of the firm is 15 shirts per hour.
It is a ratio of output to input and it is used to determine how well a company is using its resources to produce goods or services. In this case, the productivity of a firm that produces shirts using three workers can be determined by calculating the total number of shirts produced by the workers in a given period of time.
To find the overall productivity of the firm, we need to calculate the total number of shirts produced by the three workers and divide it by the total number of hours worked. So, let's start by calculating the total number of shirts produced by each worker.
Madeline completed 110 shirts in 6 hours, which means she produced 110/6 = 18.33 shirts per hour.
Federico completed 90 shirts in 7 hours, which means he produced 90/7 = 12.86 shirts per hour.
Susan completed 130 shirts in 9 hours, which means she produced 130/9 = 14.44 shirts per hour.
Now, we can calculate the total number of shirts produced by the three workers by adding their individual outputs:
Total number of shirts produced = 110 + 90 + 130 = 330 shirts
The total number of hours worked by the three workers is 6 + 7 + 9 = 22 hours.
Therefore, the overall productivity of the firm is:
Productivity = Total number of shirts produced / Total number of hours worked
Productivity = 330 / 22
Productivity = 15 shirts per hour
Hence, the overall productivity of the firm is 15 shirts per hour.
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Which of the following is a disadvantage of recruiting current employees?
Sometimes viewed as unethical
O Limits opportunities for bringing new ideas to a company
O Training could be more extensive and costly
O Requires frequent updates of job openings
Answers
Answer:
O Limits opportunities for bringing new ideas to a company
Explanation:
Recruiting current employees is the sourcing of new workers from the current workforce. It is also known as internal recruitment. Recruiting of current employees contrasts with external recruitments where a business advertises for vacant positions to the general public.
Recruiting from internal sources denies the business an opportunity to get workers with different experiences. External workers bring new ideas and new experiences to a business.
Which is NOT one of the similarity between projects and operations Both are Performed by Individuals Both are Limited by constraints (e.g.) Resources Both needs to be Planned, Executed, Monitored and Controlled Both are ongoing
Answers
Answer:
Both are ongoing
Explanation:
Remember, projects do not go on forever. Rather, projects are usually marked by deadlines. However, operations are simply ongoing activities in which resources are planned, executed, monitored and controlled by individuals.
which may be constrain
A none similarity between projects and operations is that, they both are not ongoing .
As a result of globalization, we have been moving toward a world in which national economies are relatively self-contained entities. True or false?.
Answers
The statement "As a result of globalization, we have been moving toward a world in which national economies are relatively self-contained entities" is false because globalization has actually led to the opposite trend.
As a result of globalization, national economies have become more interconnected and interdependent. This is due to the increase in international trade, investment flows, and the rapid exchange of information and technology. Countries are now more reliant on each other for resources, markets, and knowledge.
Economic integration has been facilitated by organizations such as the World Trade Organization and regional trade agreements. The rise of multinational corporations has also contributed to the interconnectedness of national economies.
Overall, globalization has created a more interconnected and interdependent world, rather than self-contained national economies.
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WILL GIVE BRAINLIEST
Select the correct answer from the drop-down menu.
Which type of college credit program does the statement describe?
In a(n) _______ program, students can get credit for their high school classes as long as they take specific courses that a college will accept as transfer credits at the college level.
options:
A. INTERNATIONAL BACCALAUREATE
B. ADVANCED PLACEMENT
C. DUAL CREDIT
D. ARTICULATED CREDIT
Answers
Answer:
D.
Explanation:
Articulated credit let's you get credit from high school and transfer it to college.
Answer:
Its B
Explanation:
got it right
What is the interest owed on a loan of $100 at 10% for 3 months?
Answers
Answer:
$2.50
Explanation:
The information is somewhat incomplete. It does not state whether simple or compound interest which could make a difference
I am assuming simple interest
The formula for simple interest is
I = Prt
where I is interest
P is amount of loan
r is annual rate of interest expressed as a decimal
t = number of years
We are given
P = $100
r = 10$ = 10/100 = 0.10
t = 3 months = 3/12 year = 1/4 th of a year
I = 100 x 0.10 x 1/4 = $2.50
The culture of a country in which a facility is located has an important influence on human resource management (HRM) practices. Other important factors are the education and skill level of a country's labor markets, its political-legal system, and its economic system.
When a company operates in many different countries, its HR managers need to develop expertise in each country's economic system and political-legal system and gain knowledge about the education and skill levels of the country's workers. HR practices, such as performance management, hiring and recruiting, compensation, training, and policies that reflect the laws and regulations to which the company is subject, all impact its HRM decisions.
This activity is important because these factors affect a company's HRM strategies, which is critical in an age of increasing globalization.
The goal of this activity is to determine which factor most strongly influences human resource management in international markets.
Read each action taken related to an HR policy, then select the appropriate factor to which it most closely pertains.
1. The Japanese subsidiary reduced the emphasis on individual performance evaluations because performance was based on a collective rather than on an individual outcome.
2)2. Changes in European Union employment laws prevented the French subsidiary from implementing its downsizing strategy as planned.
3. The availability of low-cost, high-quality engineers caused the company to move its Asian resource and development center from Tokyo to Shanghai.
4. To encourage workers from capitalist countries to move to countries under socialist systems, such as Poland, the company needed to ensure that those expatriates would keep more of their earnings.
5. The Dutch subsidiary increased hiring and also expanded operations as a result of the availability of high-caliber scientists.
6. The process for filing evaluation forms for employees in the German subsidiary was redesigned because German law allows Germans the right to see their own personnel files.
7. The Russian subsidiary struggled to get employees to pursue advanced science degrees because, under communism, the tie between level of education and salary increases was not common.
8. Collaboration between the Chinese and British subsidiaries collapsed due to differences in the prevailing communication styles in the two countries.
Options
a)Cultural
b)Political -Legal
c)Education and Skills
d)Economic System
Answers
Answer: Cultural
2. Political-Legal
3. Education and skills
4. Economic system
5. Education and skills
6. Political-Legal
7. Economic system
8. Cultural
Explanation:
Cultural factor are the beliefs, values and the traditions that affects an organization.
The political-legal factor refers to the policies and the laws in place which affect a business.
Education and skills are the skills that are possessed by an individual and their level of education which has an impact on a business.
Economic system refers to the way through which societies organize and distribute the resources in the economy.
Based on the above definition, the answers to the questions will be:
1. Cultural
2. Political-Legal
3. Education and skills
4. Economic system
5. Education and skills
6. Political-Legal
7. Economic system
8. Cultural
On june 1, 2022, spk company signed a $100,000, one-year, 6 percent note payable. Interest and principal are due at maturity. What amount will spk record for interest expense in their december 31, 2022 adjusting entries?.
Answers
$3500 sum will spk record for interest expense in their december 31, 2022
Interest = $ 6000 for 12 months.
From June to December there will be 7 months due,
therefore 7/12x6000 = $ 3500
An interest expense is the fetched brought about by an substance for borrowed reserves. Intrigued cost may be a non-operating cost appeared on the salary explanation. It speaks to intrigued payable on any borrowings—bonds, credits, convertible obligation or lines of credit. It is basically calculated as the intrigued rate times the exceptional foremost sum of the obligation. Interest expense on the income statement represents interest accrued during the period covered by the financial statements, and not the amount of interest paid over that period. While interest expense is tax-deductible for companies, in an individual's case, it depends on their jurisdiction and also on the loan's purpose.
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You invest in a new piece of technology that you anticipate will save you $200,000 in labor in the first year. Due to increasing maintenance costs, you anticipate that it will save you $190,000 at the end of year 2, $180,000 at the end of year 3 and will continue to decrease by $10,000 until the end of year 10. How would you determine the present value of this cash flow, assuming it is invested at an interest rate of 3.5%
Answers
The present value of the cash flow is $1606.60 when invested at an interest rate of 3.5%.
To calculate the present value of the cash flow assuming it is invested at an interest rate of 3.5%,
We will use the present value formula.
The formula for calculating the present value of a cash flow is given below:
PV = FV/(1+r)ᶜ where
PV = Present Value
FV = Future Value
r = Interest Rate
c = Time period in years
To find the present value of the cash flow , we will substitute the given values into the formula.
The cash flows for each year and their corresponding present values are shown in the table below:
Year Cash Flow ($ in thousands)
Present Value ($ in thousands)
110200.00193.81180.002.0
PV1 = ∑ Present Value
= 200 + 193.81 + 180.02
= 573.83c11170.00160.01150.00140.00130.00120.00110.001
PV2 = ∑ Present Value
= 170 + 160.01 + 150.46 + 140.71 + 131.77 + 122.61 + 113.20 + 103.51
= 1032.77
c2Total Present Value = PV1 + PV2
= 573.83 + 1032.77
= $1606.60
Therefore, the present value of the cash flow is $1606.60 when invested at an interest rate of 3.5%.
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Match the tasks with the professionals who would complete them.
Answers
Videographer: use editing softwares, discuss filming techniques
Network administrator: train users how to use the system, determine ways to make the system more effective
Hope this helps!
Answer:
Explanation:
1,3 and 2,4 and 5,6 and thats it
does anyone here know anything about like witchy stuff, like spells and stuff
Answers
Answer:
There are many religions that revolve around witchcraft. A modern pagan religion, called 'Wicca', have some spellbooks. Earthbound (a store) sells some spellbooks. I'm sure you can find some online too.
Explanation:
Extra note- you can actually learn a lot about witchcraft on TikTok. It can teach you about spells, charms, etc.
Formal outlines help you organize your material and double-check the content of your message.a. True
b. False
Answers
It is true that the formal outlines help us organize our material and double-check the content of our message. The correct option is b.
What are formal outlines?Formal outlines are a visual listing of our paper's main concepts, broken down into main topics and supporting topics and it uses Roman numerals such as I, II, III, etc., capital letters such as A, B, C, etc., Arabic numbers such as 1, 2, 3, lowercase letters such as a, b, c. Its indentation to organize these topics and subtopics in list format can be written in fragments or complete sentences.
The formal outline has a very specific structure.
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a social media marketing plan does not require monitoring or adjustment during its implementation. True or False
Answers
The given statement "a social media marketing plan does not require monitoring or adjustment during its implementation" is false because a social media marketing plan does require monitoring and adjustment during its implementation.
Monitoring the performance and effectiveness of social media marketing efforts is crucial to ensuring the success of the campaign. By closely monitoring key metrics and analytics, such as engagement rates, click-through rates, reach, and conversions, marketers can evaluate the impact of their social media activities and make informed decisions.
Regular monitoring allows marketers to identify what is working well and what needs improvement. It helps them understand their audience's preferences, measure the effectiveness of content and campaigns, and identify any issues or opportunities that arise. With this information, adjustments can be made to optimize the strategy, content, targeting, timing, or platforms being used.
Social media is a dynamic and ever-changing landscape, so a successful social media marketing plan requires ongoing monitoring, analysis, and adjustment. This iterative process allows marketers to adapt to changes in audience behavior, platform algorithms, industry trends, and competitive landscape, ensuring that the marketing efforts remain effective and aligned with the goals of the business.
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in a business-model sense, many organizations consider customers strategic assets.
Answers
In a business-model sense, many organizations consider customers strategic assets. A customer's strategic asset is considered a valuable and long-term source of revenue. This implies that companies must engage in customer-centric practices and foster good relationships to benefit from their clients.
Customers are the foundation of any business. In order for a company to thrive, they must attract and retain consumers who are loyal to the brand. It is critical to remember that a customer isn't just a means of generating revenue; they are also a source of information about the company and the market. As a result, clients are regarded as strategic assets by many organizations, which are valuable resources that should be safeguarded.
Companies view clients as strategic assets for various reasons, one of which is that they provide a dependable source of revenue. In other words, a customer that is satisfied with the product or service they receive is more likely to become a repeat customer and recommend it to others. This boosts the company's bottom line and provides a long-term revenue stream. Furthermore, a company's clients serve as a bridge to the market and provide valuable insights into consumer preferences and trends. Clients may be a valuable source of information for businesses looking to expand their product lines or enter new markets. Companies can use customer feedback to improve existing goods and services or to create new ones.
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Public financing means no taxpayer's dollars are used in the financing of the project. Group of answer choices True False
Answers
Public financing means no taxpayer's dollars are used in the financing of the project is a False statement.
What is public financing?Public finance is known to be a field of economics that deals with how a government raises money.
It is one that also deals with how that money is spent and the outcome of these activities on the economy and society at large.
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it costs c dollars each to manufacture and distribute backpacks. if the backpacks sell at x dollars each, the number sold is given by , where a and b are positive constants. what selling price will bring a maximum profit?
Answers
Profit, a financial gain, particularly the sum earned minus the sum spent on purchasing, running, or creating anything.
How are selling price and costs determined?Calculate the total cost of all the items you bought. To calculate the cost price, divide the total cost by the quantity of units purchased. To determine the ultimate price, use the selling price formula: Cost price plus profit margin equals selling price.
What are the selling price and cost price?Cost Price: The cost price of an item is the sum spent to acquire it or the cost at which it was produced. The cost price is denoted by the letter C.P. Selling Price: The selling price is the cost at which an item is offered for sale. The selling price is denoted by the letter S.P.
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In order for a person to recognize needs that are not being met and make a career out of fulfilling unmet needs, that person must have _____.
Answers
Answer:
sight and foresight
diemans corp. has provided a part of its budget for the 2nd quarter: apr may june cash collections $40,000 $45,000 $52,000 cash payments: purchases of inventory 4,500 7,200 4,500 operating expenses 7,900 5,600 9,000 capital expenditures 0 20,000 4,600 the cash balance on april 1 is $12,000. assume that there will be no financing transactions or costs during the quarter. calculate the cash balance at the end of april. a) $50,000 b) $40,200 c) $39,600 d) $51,800
Answers
The cash balance at the end of April is (c) 39600.
Cash balance at the end of april will be $39600.
Closing Balance at the end of april= Opening balance at the beginning of April + Cash collections during April - Cash payments in April.
Closing balance at the end of April= $12000 + $40000- $4500+ $7900
= $39600
Closing balance- The closing balance in accounting refers to the amount of funds available to a business at the end of a specified accounting period, and it is calculated by subtracting credits and debits as they appear in the general ledger.
The Closing Balance is the cash balance at the end of the month (last day of month). The following equation is used to calculate the Closing Balance: Closing Balance = Opening Balance plus Total Income minus Total Expenditure.
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Based on the details of the scenario, determine what will most likely occur. Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who then makes the pelts into hats to sell. A year into their contract, it becomes illegal to buy or sell beaver pelts in the U.S.
Answers
Answer: Contract is voided
Explanation:
From the question, we are informed that Jillian and Chase are making a contract in which Jillian ships beaver pelts to Chase, who will then makes the pelts into hats to sell.
We are further told that a year into their contract, it becomes illegal to buy or sell beaver pelts in the United States. Based on the scenario explained, the contact will be voided.
A void contract is referred to as a formal agreement that cannot be enforceable and is not legitimate. Since it is illegal to either purchase or sell beaver pelts, it means that the context cannot be carried out anymore and should the be void.
What have been the controversies related to bread
production and/or consumption, historically and in modern times?
250 words
Answers
Controversies related to bread production and/or consumption, historically and in modern times include the following:Historical ControversiesBread has been at the center of many controversies throughout history. For example, in the early 19th century, bakers in the United States were using alum and other additives to whiten bread, which resulted in the creation of laws regulating the use of additives in bread.
In the 20th century, bread was rationed during World War I and II, leading to black markets and smuggling.Modern ControversiesOne of the major controversies surrounding bread in modern times is the use of additives such as high-fructose corn syrup and artificial flavors. Some people believe that these additives are harmful to health and should be avoided. Another controversy is the use of genetically modified organisms (GMOs) in bread production.
While GMOs have been found to increase crop yields, some people are concerned about the potential risks they pose to human health and the environment.Furthermore, there is a controversy surrounding gluten, a protein found in wheat and other grains. Many people are sensitive or intolerant to gluten, leading to a rise in popularity of gluten-free diets and products.
However, some experts argue that the majority of people do not have a gluten sensitivity and that a gluten-free diet may actually be harmful to health. Lastly, the high levels of carbohydrates present in bread have been a subject of debate in recent years. Some people believe that bread should be avoided altogether due to its high carbohydrate content, while others argue that it can be part of a healthy diet in moderation.
In conclusion, bread has been at the center of many controversies throughout history and continues to be a topic of debate in modern times. These controversies often revolve around the use of additives, GMOs, gluten, and high levels of carbohydrates.
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3. what obstacles kept many african nations from developing strong economies?
Answers
Many African nations faced several obstacles that hindered the development of strong economies. Two key obstacles were colonial legacy and structural challenges.
Colonial legacy refers to the impact of colonization on African nations. During the colonial period, African countries were often exploited for their natural resources, which led to a skewed economic structure. The extraction and exportation of raw materials left little room for diversification and industrialization. Additionally, colonial powers often implemented policies that favored their own economies and hindered the development of local industries. Structural challenges include factors such as poor infrastructure, limited access to capital, corruption, and political instability. Inadequate transportation networks, unreliable energy supply, and insufficient telecommunications systems made it difficult for businesses to operate efficiently. Limited access to capital and financial services posed challenges for entrepreneurs and inhibited investment and growth. Corruption and political instability created an uncertain business environment, deterring both domestic and foreign investors. Moreover, the lack of skilled labor, inequality, and dependence on primary commodities further contributed to economic challenges. Insufficient investment in education and training resulted in a shortage of skilled workers, limiting productivity and innovation. High levels of inequality exacerbated social and economic disparities, hindering inclusive growth. Reliance on the export of primary commodities made economies vulnerable to price fluctuations and external shocks. Addressing these obstacles requires comprehensive strategies focused on economic diversification, investment in infrastructure and education, improved governance and anti-corruption measures, and promotion of inclusive growth. By tackling these challenges, African nations can create more favorable conditions for developing strong and sustainable economies.
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Company X is interested in improving its compliance with internal control procedures. During 20X1, Company X determined that compliance with internal control procedures was 92%. On December 31, 20X2, Company X took a random sample of 165 instances where internal controls should have been followed and determined that internal controls were followed 153 times. Can Company X conclude (at the .05 significance level) that the level of compliance with internal control procedures increased in 20X2 ?
Answers
No, Company X cannot conclude (at the .05 significance level) that the level of compliance with internal control procedures increased in 20X2.
What statistical analysis can be performed to determine if there was a significant increase in compliance?To determine if there was a significant increase in compliance with internal control procedures in 20X2, we need to perform a hypothesis test. The null hypothesis (H₀) would state that there was no increase in compliance, while the alternative hypothesis (H₁) would state that there was an increase. Since we are comparing proportions, we can use a two-sample z-test.
Let's calculate the test statistic:
First, determine the sample proportion for 20X1:
p₁ = 92% = 0.92
Next, calculate the sample proportion for 20X2:
p₂ = 153/165 ≈ 0.927
Now, calculate the standard error:
SE = √[(p₁(1-p₁))/n₁ + (p₂(1-p₂))/n₂]
= √[(0.92(1-0.92))/n₁ + (0.927(1-0.927))/n₂]
Assuming a significance level of 0.05, we need to find the critical z-value from the standard normal distribution. If the test statistic falls beyond this critical value, we can reject the null hypothesis.
Finally, calculate the test statistic:
z = (p₂ - p₁) / SE
Compare the test statistic with the critical z-value to make a decision regarding the null hypothesis.
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Hector Company gathered the following reconciling information in preparing its March bank reconciliation: Cash balance per books, 3/31$12,000 Notes receivable collected by bank6,000 Outstanding checks9,000 Deposits in transit4,500 Bank service charge75 NSF check1,200 Using the above information, determine the adjusted cash balance for March. a.$7,500 b.$16,725 c.$15,500 d.$12,225
Answers
Answer: $16,725
Explanation:
Given the following :
Cash balance per books for March = $12,000
Notes receivable collected by banks = $6000
Bank service charge - $75
Non-sufficient fund (NSF) check - $1200
Therefore, Adjusted cash balance for March:
(balance per books + notes receivable - bank service charge - NSF check)
$(12,000 + 6,000 - 75 - 1200)
$(18000 - 1275)
= $16,725
It is okay to wear disposable gloves if: You wash hands first and discard gloves between tasks You dispose of the gloves often while preparing foods The handwashing sink is broken or missing soap Your hands are dirty and you are too busy to wash them
Answers
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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A company is considering purchasing a machine that costs $280,000 and is estimated to have no salvage value at the end of its 8-year useful life. If the machine is purchased, annual revenues are expected to be $100,000 and annual operating expenses exclusive of depreciation expense are expected to be $38,000. The straight-line method of depreciation would be used. If the machine is purchased, the annual rate of return expected on this machine is:__________.
Answers
Answer:
19.29%
Explanation:
We can calculate Annual Rate of Return by using the following formula:
ARR = Net Income / Average Investment
Here
Net Income $27,000 Step1
Average Investment $140,000 Step2
By putting values, we have:
ARR = $27,000 / $140,000 = 19.29%
Step1: Net Income
Net Income = Annual Revenue - Depreciation - Operating Expenses
Here
Annual Revenue = $100,000 - $280,000/8 - $38,000
= $100,000 - $35,000 - $38,000
= $27,000
Step2: Average Investment
Average Investment = (Initial Investment + Scrap Value)/ 2
Average Investment = ($280,000 + 0)/2 = $140,000
The unit cost, in dollars, to produce bins of cat food is $15 and the fixed cost is $8400. The revenue 2x² + 325x function, in dollars, is R(x) = Find the cost function. C(x) = Find the profit function. P(x) = T At what quantity is the smallest break-even point? Select an answer
Answers
The cost function for producing bins of cat food is C(x) = 15x + 8400 dollars. The profit function is P(x) = R(x) - C(x), where R(x) is the revenue function. The break-even point occurs when the profit is zero.
The cost function, C(x), represents the total cost of producing x bins of cat food. In this case, the unit cost to produce each bin is $15, and there is also a fixed cost of $8400. The cost function can be expressed as C(x) = 15x + 8400 dollars.
The profit function, P(x), is calculated by subtracting the cost function from the revenue function. The revenue function, R(x), is given as 2x² + 325x dollars. Therefore, the profit function is P(x) = R(x) - C(x).
To find the break-even point, we need to determine the quantity at which the profit is zero. This means that the revenue and cost are equal. By setting P(x) = 0 and solving for x, we can find the quantity at the break-even point.
solve the equation P(x) = 0 to find the exact quantity at which the break-even point occurs.
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whats the right option for ava
Answers
The decision to either buy or lease based on the given requirements by Ava include:
Want to live here for a long time - Buy Want the chance to make money if I leave - Buy Interested in rental income - Buy Don't love to do repairs - Lease Why should Ava buy or lease ?If you have a strong desire to settle down in a particular area and establish long-term roots, buying a property might be a suitable option. If you anticipate the possibility of relocating in the future and want the opportunity to earn money from your property, buying a home can offer potential financial benefits.
If generating rental income is a significant factor for you, purchasing a property to rent out could be a viable option. If you prefer to avoid the responsibilities and costs associated with property repairs and maintenance, leasing might be more suitable for Ava .
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