Sam invests $4,000 in an account that compounds interest continuously and earns 5.5%. how long will it take for his money to reach $80,000? round to the nearest tenth of a year.
Answers
As a result, the period it will take for his investment to hit $80,000 is approximately 54.5 years, to the nearest tenth of a year.
What is compound interest?The technique of adding interest to a loan's or deposit's principal is known as compound interest, sometimes known as interest on principal and interest.
It happens when interest is reinvested, added to the lent capital rather than paid out, or required to be paid by the borrower, resulting in interest being created the next period on the principal amount plus any accrued interest. Compound interest is a major idea in finance and economics.
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Related Questions
Barbara has $70.00 in her pocket and a $20 gift card. Which purchase will she be able to make without having to use her credit card?
A a portable radio for $65.95 and speakers for $29.99
B five books for $18.95 each
C headphones for $25.99 and eight CDs for 8.99 each
D six puzzles for $11.99 each and a board game for $15.89
edeg 2022
Answers
The answer is: six puzzles for $11.99 each and a board game for $15.89
The amount of money that Barbara has: $ 70.00
The amount of Gift Card that barbara has: $ 20.00
This mean that maximum amount of product that Barbara could purchase: $ 70 + $ 20 = $ 90
From the option above the only purchase that is not surpassing $ 90 is six puzzles for $11.99 each and a board game for $15.89
6 x $ 11. 99 = $ 71.94
1 x $ 15.89 = $. 15.89
Total purchase = $ 87.83
THIS IS BUSINESS ENGLISH!
HELP!
What are three characteristics of successful entrepreneurs? (Select three)
A- Creative
B- Young
C- Determined
D- College graduate
E- Enthusiastic
Answers
Answer:
Creative
Enthusiastic
Deteined
Three attraction places found in SA
Answers
Answer:
The Garden Route
The Cape Town
What does the term 'user
experience' refer to regarding a
website?
A. the overall ease of navigation and ability to
purchase on a company's website
B. the general experience a customer has when
using a product of a business
C. the customer experience when dealing with
customer service representatives
Answers
Answer:b
Explanation:
(c) This question was asked in a questionnaire, "Did you stop smoking?" What is the problem with the question and how can the question be rephrased. (15 marks)
Answers
The problem with the "Have you quit smoking?" question is that it assumes that the respondent has a binary choice, either to quit smoking or to quit smoking. 'What is your current smoking status?' the question be rephrased .
This open-ended question asks respondents whether they have quit smoking completely, reduced their smoking, or received other relevant information about their smoking habits. I can give you a comprehensive answer.
However, other possible scenarios, such as respondents reducing their smoking habits or temporarily quitting smoking, were not considered. "Have there been any recent changes in your smoking habits?
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True/False?higher-level corporate- and business-level strategies flow down to the process strategy.
Answers
Process strategy is the documentation and establishment of the processes that an organization uses to achieve its goals. True, higher-level corporate and business-level strategies flow down to the process strategy.
What does good documentation look like?
Project documentation includes things like project proposals, project plans, business cases, status reports, and so on. The most important rule of good documentation is to make it as inviting as possible. This means we should try to write it in as few words as possible without skipping any steps. We should avoid making assumptions about what our users may know. A simple document is one that is made up of electronic files that are 50 megabytes or less.
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which statement describes a monopoly? many firms produce identical products with no control over the market price.
Answers
A monopoly is a situation where a single firm produces a product that has no close substitutes and has complete control over the market price. The correct option is D.
This means that there is no competition in the market and the firm can charge whatever price they want without worrying about losing customers to competitors. The lack of substitutes means that consumers have no choice but to buy the product from the monopoly, allowing the firm to make large profits.
This is different from a situation where many firms produce identical or differentiated products, where competition keeps prices in check and prevents any one firm from having complete control over the market. Monopolies are generally considered to be undesirable because they limit consumer choice and can lead to higher prices. The correct option is D.
The complete question is:
which statement describes a monopoly?
a) Many firms produce identical products with no control over the market price.
b) Many firms produce differentiated products with control over market price.
c) A single firm produces a product with no close substitutes and control over the market price.
d) A single firm produces a product with many close substitutes and limited control over the market price.
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zoe decides to invest for retirement, beginning with $5,500 this year. she plans to increase the amount she invests each year by 3.5% (each year she will invest 3.5% more than she invested the prior year). she expects her investments to earn 9.5% annually. after 25 years, how much money will zoe have?
Answers
Zoe plans to invest for retirement, starting with $5,500 this year. Each subsequent year, she will increase the amount she invests by 3.5% compared to the previous year. She expects her investments to earn 9.5% annually.
After 25 years, let's calculate how much money Zoe will have.
To find the total amount of money Zoe will have after 25 years, we can use the formula for compound interest:
A = P(1 + r/n)^(nt)
Where:
A = the final amount of money
P = the initial amount invested
r = the annual interest rate (as a decimal)
n = the number of times the interest is compounded per year
t = the number of years
In this case:
P = $5,500
r = 9.5% = 0.095 (as a decimal)
n = 1 (compounded annually)
t = 25
Let's substitute these values into the formula and solve for A:
A = 5500(1 + 0.095/1)^(1*25)
A = 5500(1 + 0.095)^25
A = 5500(1.095)^25
A ≈ $55,269.88
Therefore, after 25 years of investing, Zoe is expected to have approximately $55,269.88.
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True or false?
The law of diminishing returns states that as more variable inputs are added to production, the productivity of these inputs increases.
Answers
Answer:
that would be true
Explanation:
foreclosure means a creditor can:
Answers
Answer: repossess your property to sell to someone else
Explanation: taking the test rn
severely affecting the health of miners, workers and surrounding communities.
Answers
Mining operations can have detrimental effects on the well-being of miners, workers, and communities living in close proximity.
The process of mining can result in environmental contamination through the release of harmful substances such as heavy metals and chemicals, which can contaminate water sources and pose health risks to nearby communities. Additionally, the dust, noise, and vibrations produced during mining activities can lead to respiratory issues, hearing loss, and other health complications for both workers and residents in the vicinity. Furthermore, the use of heavy machinery and explosives increases the potential for accidents and injuries among workers and nearby communities. To mitigate these risks and safeguard human health and the environment, it is imperative to enforce stringent regulations and implement robust safety measures in mining operations.As a result, implementing stringent regulations and safety protocols becomes imperative in order to mitigate these risks effectively and safeguard the well-being of individuals and the environment.
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Name and briefly describe the quantitative methods of control (ABM)
Answers
Budgets such as: (i) The regular operating, capital expenditure, sales and cash budgets; and. ...
Control Centres.
Audits such as: (i) Internal audits, ...
Ratio analysis (RA).
Break-even (BE) analysis.
Time-preference charts and techniques such as:
Mathematical and statistical techniques are the two main categories of quantitative management methods.
What is quantitative management?Computers and mathematical methods are used in quantitative management to sort through financial statistics and choose stocks. Managers use previous quantitative linkages they have observed to inform "models" that aid in stock selection.
Screening is the process of examining historical information on businesses using a computer. A quantitative manager may develop a program to screen 2,000 stocks based on a specific set of traits or criteria.
The manager might prove, for instance, that historically, stocks with low price-to-earnings ratios and rapid earnings growth during the previous two years outperformed the market the following year.
The simplicity of using a model once it is established is the obvious advantage. Given the constantly shifting landscape of the financial markets, developing the model is the challenging aspect.
It might be challenging to incorporate enough adaptability into a model in quantitative management without adding too many additional variables.
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The ________ mark is a certification that is granted to products that are determined to promote sustainable farming and provide higher prices and improved social and environmental standards for producers, typically in developing countries.
Answers
The word referred to above is called the Fairtrade Mark. The purpose of this mark is to enable consumers to encourage sustainable farming practices by buying produces that has such a mark.
Who issues the Fairtrade Mark?The Fairtrade Certification which is issued by a third-party auditor called FLOCERT is used to identify companies that have manufactured products that comply with Fairtrade's international standards.
The Fairtrade mark standards look at three major areas:
Environmental StandardsEconomic standardsSocial standardsPlease see the link below for more about Fairtrade Mark:
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Question 20
Isadora was the chief financial officer of Big Band Incorporated (BBI), a publicly traded corporation. She knew that BBI was
about to announce record earnings for the year, a fact not yet made public, so she purchased 1,000 shares of BBI stock before
the earnings were made public. One week later when the earnings were made public, BBI stock increased in value $10 per share
and Isadora immediately sold her newly purchased shares and made $10,000. Isadora has committed
o traditional insider trading
O misappropriation
O no crime, as corporate insiders are encouraged to buy and sell their own stock for profit.
O wrongful disclosure.
Answers
Isadora has committed traditional insider trading, which is illegal and unethical.
Isadora has committed traditional insider trading, which is illegal and unethical. As the chief financial officer of BBI, she had access to non-public information about the company's record earnings and used that information to make a profit by purchasing shares before the earnings were made public. This gave her an unfair advantage over other investors who did not have access to this information. Insider trading is a violation of securities laws and can result in fines, imprisonment, and damage to the reputation of the individual and the company. Therefore, Isadora's actions were not only unethical but also illegal. The option that says "no crime, as corporate insiders are encouraged to buy and sell their own stock for profit" is incorrect as insider trading is strictly prohibited by law, and corporate insiders are required to follow specific rules and regulations when buying or selling their company's stock.
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laura has submitted her application to be a sales associate. she wants to know how long the frec has to contact her about errors in her application. where in the florida statutes should she look for that information?
Answers
Caveat emptor says that buyers must exercise due diligence before making a real estate purchase.
What does buying accomplish?The purchase procedure is within the purview of purchasing. In order for manufacturing and sales to proceed smoothly, it secures the supply of commodities, production materials, and equipment. For this, the proper commodities must be purchased at the proper time and in the proper amount.
What is a good example of buying?When anything is gained in return for money of any kind, such as goods or services, it is referred to as a purchase.. The typical forms of payment are cash or credits (to be paid later). A purchase might also be apart of a barter exchange where various non-cash goods are traded, or it could be made in return for
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Describe the laws that are enforced by the sec for companies that publicly sell stock.
Answers
The interests of shareholders must come first and they must be treated fairly and honestly by those who sell and trade securities. By monitoring the major participants in the securities market, such as exchanges, brokers/dealers, advisors, funds, and rating agencies, the SEC makes sure of this.
There are three key parts to the purpose of the US Security and Exchange Commission.
They uphold a fair, regulated, and effective market, safeguard investors, and promote capital formation.
Corporations that openly trade stocks are subject to rules that SEC has put in effect. These laws address the fact that broker-dealers, public companies, as well as some individuals, are all obliged to file reports with SEC on a regular basis. These investors and financial experts rely primarily on the information provided in these filings with the SEC to learn more about the firms they are thinking of investing in.
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Which of the following is a benefit of EFT
A. Limited access
B. Accessibility
C. Difficulty
D. Cost
Answers
Answer:
cost hope this helps and maybe brainliest
which task is carried out by book keeping
Answers
Answer:
Explanation:
Invoices and unpaid bills are one of the most important responsibilities of the bookkeeper. A bookkeeper who fails to keep an account of the money flowing into and out of the business, for instance, makes it all too easy to spend money that isn't there.
Four year universities are the only type of school worth attending. True False
Answers
Answer:
false
Explanation:
Answer:
false
Explanation:
there are a number of other reliable schooling options
Help
Subject: Seasonal Product Vendors
>
се
Hi,
The Seasonal Product Team needs a vendor who can quickly adjust to changes in product demand. The Planning Team has sent
over a table comparing how the four available vendors have been performing. Can you identify which vendor to recommend?
Thank you,
Nadia Loomis
Task
Instructions
Rank order the vendors, keeping the Seasonal Product Team's needs in mind.
Flexibility
Customer Issues
Quantity Shipped
Shipped On Time
Rank
Vendor
1
D
.
.
1
.
2
K
.
.
3
V
.
.
.
.
4
Р
O
1
Answers
Based on the provided information, it appears that the Seasonal Product Team needs a vendor who can quickly adjust to changes in product demand. Therefore, flexibility should be a top priority when ranking the vendors.
Using this criteria, the vendor rankings would be as follows:Vendor D - This vendor appears to have the highest level of flexibility, as they have the fewest customer issues and have shipped the most quantity on time.Vendor K - While they have shipped slightly fewer quantities on time than Vendor D, they have the fewest customer issues, indicating a high level of customer satisfaction.Vendor V - This vendor has shipped the most quantity overall, but has a slightly higher number of customer issues and has not shipped as consistently on time as the top two vendors.Vendor P - This vendor has the highest number of customer issues and has not shipped as much quantity or as consistently on time as the other vendors. Vendor D appears to be the best option based on the provided information, due to their high level of flexibility and ability to ship products on time with few customer issues.
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Managemnet is not only art and science but also a profession.Explain
Answers
Answer:
Art is wonderful art is beautiful are is mysterious art is so much more...
The Accounts Receivable balance for River Corporation is $418,000 as of January 31, 2020. Before calculating and recording January 2020 Bad Debt Expense, the Allowance for Doubtful Accounts has a credit balance of $6,000. Credit sales for January 2020 are $3,800,000, and over the past several years, 2% of credit sales have proven uncollectible. An aging of River Corporation's Accounts Receivable results in a $74,400 estimate for the Allowance for Doubtful Accounts as of January 31, 2020.c. what is "bad debt expense" on river’s january 2020 income statement?
Answers
The bad debt expense on River Corporation's January 2020 income statement is $76,400.
The bad debt expense is calculated as the estimated uncollectible amount from credit sales. In this case, River Corporation had credit sales of $3,800,000 in January 2020, and historically 2% of credit sales have proven uncollectible.
Therefore, the estimated bad debt expense for January 2020 is $3,800,000 x 2% = $76,000. Additionally, the Allowance for Doubtful Accounts had a credit balance of $6,000 before recording the bad debt expense.
So, the total bad debt expense on River Corporation's January 2020 income statement would be $76,000 + $6,400 (the difference between the estimated Allowance for Doubtful Accounts of $74,400 and the existing credit balance of $6,000) = $76,400.
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Shroff Co.'s statement of cash flows contained the following information (in millions):purchases of treasury stock2006 = -2005 = (625.8)2004 = (251.1)sale of treasury stock2006 = 10.02005 = 30.12004 = 35.4 Required:1. Record the purchase of treasury stock in 2005.2. Record the sale of treasury stock in 2006. Assume the stock had been purchased at a cost of $9 million.3. Would Shroff have reported a loss if the stock sold in 2006 had been purchased originally for $13 million?
Answers
To record the purchase of treasury stock in 2005, we would debit the Treasury Stock account and credit the Cash account. Since the purchase amount is given as (625.8) million, indicating a negative value, the journal entry would be as follows:
Debit Treasury Stock: $625.8 million
Credit Cash: $625.8 million
To record the sale of treasury stock in 2006, assuming the stock had been purchased at a cost of $9 million, we would debit the Cash account and credit the Treasury Stock account. The journal entry would be as follows:
Debit Cash: $10 million (sale proceeds)
Credit Treasury Stock: $9 million (original cost)
Credit Paid-in Capital from Treasury Stock: $1 million (gain on sale)
If the stock sold in 2006 had been purchased originally for $13 million, and it was sold for $10 million (as given in the information), Shroff would report a loss on the sale. The loss would be calculated as the difference between the sale proceeds and the original cost. In this case:
Loss = Original cost - Sale proceeds
Loss = $13 million - $10 million
Loss = $3 million
Therefore, Shroff would report a loss of $3 million if the stock sold in 2006 had been purchased originally for $13 million.
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What are wholesalers
Answers
Answer:
Wholesaler is a company that earns money by buying large quantities of goods then selling in bulk to smaller businesses.
Hope this help :)
Answer:
Wholesalers are companies or businesses that buy large quantities of products from other companies, then resell the products in bulk or individually.
Explanation:
Examples; Costco Wholesale & Sam's Club
If the price of the share grows as the company grows, how does buying shares in a company benefit an investor?.
Answers
Answer:
An investor will be able to sell these shares for a higher price and make a profit.
Explanation:
This is because the investor can sell the share for a higher price as people see the company is doing well.
Sue and Andrew form SA general partnership. Each person receives an equal interest in the newly created partnership. Sue contributes $22,000 of cash and land with a FMV of $67,000. Her basis in the land is $32,000. Andrew contributes equipment with a FMV of $24,000 and a building with a FMV of $45,000. His basis in the equipment is $20,000, and his basis in the building is $32,000. How much gain must the SA general partnership recognize on the transfer of these assets from Sue and Andrew?
Answers
Answer: $0
Explanation:
The amount of gain that the SA general partnership must recognize on the transfer of these assets from Sue and Andrew will be $0.
As Per Section 721a, there'll be no gain or loss that'll be recognised to any partner in case there's a property contribution to the partnership.
Therefore, no gain will be recognized in this situation.
Which savings option divides your investment among multiple companies
Answers
Answer:
Mutual funds
Explanation:
I just did it in school a p e x and I searched.
Alice Miller works for a paint manufacturer. She is paid 3% commission on her first $20,000 if monthly sales and 8% commission on all sales over $20,000. In March her sales were $54,500; in April, her sales totaled $47,300. What were the total commissions she earned for the 2 months?
Answers
Answer:
$6,144
Explanation:
sales commissions during March:
$20,000 x 3% = $600
$34,500 x 8% = $2,760
total = $3,360
sales commissions during April:
$20,000 x 3% = $600
$27,300 x 8% = $2,184
total = $2,784
if we add both months, then the total sales commissions earned by Alice = $6,144
help i cant figire these out
lol tell me where this from
also if u like anime, what your favourite?
Answers
Answer:
levi from attack on titan
Explanation:
would an increase in the price of a complement cause the demand curve for an inferior good to shift to the left?
Answers
The price increase of a complementary good can lead to a shift in the demand curve of an inferior good to the left, decreasing the quantity demanded.
Complementary goods are goods that are often used together; when the price of one increases, the demand for both products decreases. An inferior good is one whose demand decreases when the consumer's income increases. An increase in the price of a complement can be an indication of a shift to the left of the demand curve of an inferior good. This shift is due to a decrease in demand as a result of a decrease in purchasing power. When consumers' budgets are squeezed, they may opt to buy a cheaper substitute good or less of the same good if its price increases. As a result, demand for an inferior good decreases when the price of a complementary good increases. To summarize, the demand curve for an inferior good will shift to the left if there is an increase in the price of a complementary good.
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