The following information was extracted from the financial records of Mtho Limited at 28 February 2022, the end of the financial year:
2022 2021
Inventory 72 288 21 504
Other financial assets 124 800 120 000
Other financial liabilities 152 640 172 800
Trade receivables 55 008 45 504
Trade payables 31 584 27 360
Additional information:
The gross profit percentage is 35% on sales.
Purchases for the year amounted to R282 400 and 49% thereof were on credit.
Ratios reported in year ended 28 February 2021:
Trade receivables collection period – 66.9 days
Trade payables payment period – 64.9 days
Inventory turnover rate – 6 times
Only 27% of the total sales were cash sales.
Which of the following alternatives represents the correct trade receivables collection period of Mtho Limited for year 2022?
a.66.9
b.51.48
c.70.52
d.141.04
e.142.03
Question text
Which of the following alternatives represents the correct trade payables payment period of Mtho Limited for year 2022?
a.38.09
b.156.48
c155.48
d77.74
e.64.9
Question text
Which of the following alternatives represents the correct inventory turnover rate of Mtho Limited for year 2022?
a.3.22
b.4.94
c.2.47
d.6
e.2.17
Answers
Trade receivables in 2022 = R 55 008 Credit sales in 2022 = Total sales × % on credit sales Total sales in 2022 = Cash sales + Credit sales Total sales in 2022 = (27/100) × Total sales + Credit sales Total sales in 2022 = (100/73) × Credit sales Credit sales in 2022 = (73/100) × R P282 400 = R 206 192 Therefore, Trade receivables collection period for 2022 = (55 008 / 206 192) × 365 = 97.33 days (approx.)Hence, the correct option is b. 51.48
Trade receivables collection period is the time that is taken to convert accounts receivables into cash. It calculates the average number of days that customers take to pay for the goods sold on credit. It is computed by dividing the accounts receivable by the average daily sales. The formula is: Trade receivables collection period = (Accounts receivable / Total credit sales) × No of days
Given,
Trade receivables in 2022 = R 55 008
Credit sales in 2022 = Total sales × % on credit sales
Total sales in 2022 = Cash sales + Credit sales
Total sales in 2022 = (27/100) × Total sales + Credit sales
Total sales in 2022 = (100/73) × Credit sales
Credit sales in 2022 = (73/100) × R P282 400 = R 206 192
Therefore, Trade receivables collection period for 2022 = (55 008 / 206 192) × 365
= 97.33 days (approx.)Hence, the correct option is b. 51.48Explanation:
Trade payables payment period is the duration of time taken by the company to pay its creditors for the purchases made on credit. It is calculated by dividing the trade payables with the average daily credit purchases.The formula is: Trade payables payment period = (Accounts payable / Credit purchases) × No of days
Given,
Trade payables in 2022 = R 31 584
Credit purchases in 2022 = Total purchases × % on credit purchases
Total purchases in 2022 = Cash purchases + Credit purchases
Total purchases in 2022 = (51/100) × R 282 400 + Credit purchases
Total purchases in 2022 = (51/100) × R 282 400 + (49/100) × R 282 400 = R 282 400
Therefore, Trade payables payment period for 2022 = (31 584 / 282 400) × 365
= 44 days (approx.)Hence, the correct option is not provided.Inventory turnover rate shows the efficiency of the company in selling its inventory. It is computed by dividing the cost of goods sold by the average inventory on hand. The formula is: Inventory turnover ratio = Cost of goods sold / Average inventory
Given,
Inventory in 2022 = R 72 288
Inventory in 2021 = R 21 504
Cost of goods sold in 2022 = Sales × Gross profit percentage − Opening inventory
= Total sales × (35/100) − 21 504
= (Total sales × 35/100) − 21 504
Cost of goods sold in 2022 = (Total sales × 35/100) − 21 504
Total sales in 2022 = Cash sales + Credit sales
Total sales in 2022 = (27/100) × Total sales + (73/100) × Total sales
Total sales in 2022 = (100/73) × (73/100) × R 282 400
Total sales in 2022 = R 206 192
Cost of goods sold in 2022 = (206 192 × 35/100) − 21 504
= R 52 832
Therefore, Inventory turnover rate for 2022 = 52 832 / [(72 288 + 21 504) / 2]
= 4 times (approx.)Hence, the correct option is b. 4.94.
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Related Questions
3. Briefly explain the business significance of:
3.1 Market size growing by volume but staying static by value.
3.2 Rapid growth within one segment of a static market.
3.3 Becoming market leader, i.e. the brand with the largest market share.
Answers
Answer:
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Explan0ikigtrerhhduq8wbx suasxushauHSUhwwXqx 7 7he
read this and tell me if u understood it lol
The Midwest is known for corn production. Mosaic, a horizontal consolidation of Cargill and IMC Global, supplies farmers with fertilizer that has helped double their corn yield. Small towns from Topeka to Abilene feature processing plants and storage granaries, where the corn is processed and stored before being transported to food manufacturers.
A. Commodity processors provide products to food manufacturers.
B. Farmers provide crops to commodity processors.
C. Food manufacturers provide products to grocery stores and restaurants.
D. Input suppliers provide seeds and fertilizer to farmers.
Answers
What is the difference between a price floor and a price ceiling?
A price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good.
A price floor is the maximum price allowed for a good. A price ceiling is the minimum price allowed for a good.
A price ceiling below the equilibrium price has no effect.
A price floor above the equilibrium price has no effect.
Answers
Answer:
A price ceiling below the equilibrium price has no effect.
The difference between a price floor and a price ceiling is a price floor is the minimum price allowed for a good. A price ceiling is the maximum price allowed for a good. The correct option is a.
What is price floor?A price floor is a government- or group-imposed price control or limit on how low a price can be charged for a product, good, commodity, or service. A price floor must be higher than the equilibrium price in order to be effective.
The equilibrium price, commonly called the "market price", is the price where economic forces such as supply and demand are balanced and in the absence of external influences the values of economic variables will not change, often described as the point at which quantity demanded and quantity supplied are equal. Governments use price floors to keep certain prices from going too low.
Two common price floors are minimum wage laws and supply management in Canadian agriculture. Other price floors include regulated US airfares prior to 1978 and minimum price per-drink laws for alcohol.
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Tickets to a fundraiser are $14 if purchased ahead of time and $25 if purchased at the door. The total amount raised from all ticket sales was $625. If eleven tickets were purchased at the door, how many tickets were purchased ahead of time?.
Answers
($14)(25)=$350
($25)(11)=$275
$350+$275= $625
Net Income ($82)
Charges in Working Capital $100
FCFO
$[?]
$150
Fill in the blanks
on this financial
statement.
Disposal of PPE
Purchase of PPE
FCFI
Issuance of Stock
($27)
$[ ]
$540
Dividend Payment ($110)
Issuance of Debt
$68
Debt Repayment ($25)
Interest Expense
($75)
FCFF sĩ
Total FCF $[
![Net Income ($82)Charges in Working Capital $100FCFO$[?]$150Fill in the blankson this financialstatement.Disposal](https://i5t5.c14.e2-1.dev/h-images-qa/contents/attachments/fpCbjSVfQ7LnbsXDrgjfwioC86iG5J7F.png)
Answers
FCFO = $182
FCFI = $216
FCFF = $ -82
Total FCF = $583
What are the above terminologies and how did we arrive at the answers?FCFO - Free Cahs Flow to Firm is derived by adding Net Income to Charges in Working Captial
= $82 + $100
= $182
FCFI - Free Cash flow to Firm (Investing
= Disposal of PPE - Purchase of PPE + Issuance of Debt + Debut repayment
= 150 - 27 + 68 + 25
= $216
FCFF = Free Cash Flow to Firm
= Dividend payment + Interst Exprense + FCFI
= $110 + 75 + 216
= $401
Total FCF = FCFO + FCFF
= $182 + $401
= $583
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The government has many obligations to provide services to its tax-paying citizens. If you were in Congress, how
would you balance the need for the government to spend money on necessary things with a prudent approach to controlling the debt and the deficit? Use examples in your answer.
Answers
A government is considered to have a budget surplus if it raises more revenue through taxes than it spends. A budget that is balanced means that taxes and spending are equal. The government debt is the total of all prior surpluses and deficits.
What is Budget surplus?A budget surplus occurs when income exceeds expenses. The term is commonly used to describe a government's financial status since citizens have "savings" instead of a "budget surplus." A surplus is evidence of a government's capacity to manage its finances appropriately.
Example,
A resource or good is said to have a surplus if there is more than is presently being utilized. A surplus can refer to a variety of items, such as cash, goods, assets, and earnings. A surplus in the sense of inventory refers to items that remain on store shelves but have not yet been purchased.
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Franklin is planning for a purchase of a vehicle in two years. Since he wants to be
certain that his funds are safe (insured), which of the following should he use? *
O A credit card
O A mortage
O A loan
O A savings account
Answers
Answer: A Savings Account
Explanation:
What is one major function of retail banks?
A. Keeping all deposits in reserve at all times
B. Offering loans that use car titles as collateral
C. Providing credit and debit cards to customers
D. Managing the payroll of major corporations
SUBMIT
Answers
Answer:
The role of retail banking is to help individual consumers manage their money, gain access to credit, and deposit their money in a secure way.
Explanation:
Providing credit and debit cards to customers is a major function of retail banks. Hence, the correct answer is option C.
What are retail banks?Retail banks are financial institutions that provide banking services to individuals and small businesses. These services include deposit accounts, such as savings and checking accounts, as well as loans, mortgages, credit and debit cards, and other financial products.
Providing credit and debit cards to customers is a major function of retail banks because it allows customers to make purchases without the need for cash and helps facilitate online and mobile payments. Credit and debit cards also generate revenue for retail banks through fees and interest charged on balances, making them an important source of income for banks.
Hence, providing credit and debit cards to customers is a major function of retail banks. Therefore, the correct answer is option C.
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Find the final discount date and the net payment date for an invoice dated June 14 with terms of 3/10, net 20.
The final discount date is
(Type whole numbers.)
Answers
According to the given data, the final discount date is June 24 and the net payment date is July 4.
What do you mean by final discount date?Discount date is the date that comes ten (10) days after the bill's due date, unless another date is specified in the contract. The discount date is the final day that net rates can be applied to water and/or sewer charges.
The time frame during which an invoice must be fully paid in order to receive a reduction in the amount owed is known as the discount period.
Here,
Calculation of the final discount date:
Final discount date = June 14 + 10 days
Final discount date = June 24
Calculation of Net payment date:
Net payment date = June 14 + 20 days
Net Payment date = July 4
Therefore, through the data, the final discount date is June 24 and the net payment date is July 4.
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when consumed, many goods and services have an impact on other people not using the product. Which word describes this impact ?
A. appreciation
B. depreciation
C. externality
D. inflation
Answers
Answer:
Explanation:
depreciation
When consumed, many goods and services have an impact on other people not using the product. Depreciation word describes this impact. The correct option is B.
What does it mean to deprecate a product?Application developers who have already subscribed to a product may still use it after it is deprecated, but no new developers may do so. We disapprove of this use of company funds for political activities. to say that you disapprove of something.
In order to maintain backward compatibility and give programmers time to bring affected code into compliance with the new standard, features are deprecated rather than immediately removed. The following are some of the primary causes of depreciation: A more potent substitute feature has taken the place of the former feature.
Thus, the ideal selection is option B.
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Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers? Select two answers.
Answers
Answer:
Option 1 and 2
Explanation:
Complete Question
Which scenarios can be considered effects of Sole Sister Shoe Store choosing to sell dress shoes over sneakers?
CHECK ALL THAT APPLY.
High school athletes stop shopping there. The inventory of sports socks goes unsold. Publicity for the store declines. Profits decline because dress shoes cost less than sneakersSolution
Sole Sister Shoe Store chooses to sell dress shoes over sneakers because the customers of sneakers stopped shopping from the store. Sneakers are mainly purchased by the high school athletes over any other footwear. Now, they stopped shopping and hence Sole Sister Shoe Store started selling dress shoes
Also, sports socks' inventory is unsold indicating the reduction in sale of sneakers and hence the Sole Sister Shoe Store started selling dress shoes
Answer:
A - high school athletes stop shopping there.
B - The inventory of sports socks goes unsold.
Explanation:
>.<
Why do you think it is important to understand GDP?
Answers
The recommended questions when finding root causes of an accident consists of the following EXCEPT. A. What caused the workers' behaviour that contribute to the accident? B. Why cannot the workers think and are so careless in doing his job? C. Why was the work condition not checked and corrected earlier? D. Why the equipment used was not checked and maintained?
Answers
The recommended questions when finding root causes of an accident consists is except why cannot the workers think and are so careless in doing his job?. Option b is correct.
An accident is an unplanned event or occurrence that occurs, resulting in death or injury to people, damage to the environment, and damage to equipment or materials. The root cause of an accident is the main reason why an accident occurred. Identifying the root cause of an accident can help prevent it from happening again.
The recommended questions when finding root causes of an accident consists of the following:
What happened?What was the cause?What could be done to prevent it from happening again?Why the equipment used was not checked and maintained?What caused the workers' behavior that contributed to the accident?Why was the work condition not checked and corrected earlier?Therefore, b is correct.
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How do you calculate net export?
Answers
The value of a nation's total export goods and services minus the value of all the goods and services it imports equals its net exports.
Net exports refer to the difference between a country's exports and imports of goods and services. If a country exports more than it imports, it has a positive net export balance, which is also known as a trade surplus. Conversely, if a country imports more than it exports, it has a negative net export balance, which is also known as a trade deficit.
Net exports are an important component of a country's balance of payments, which records all international transactions of a country. A positive net export balance can indicate a strong economy, as it implies that a country is producing goods and services that are in demand in other countries, and is earning revenue from them. On the other hand, a negative net export balance can indicate a weak economy, as it implies that a country is spending more on imports than it is earning from exports, and may have to rely on borrowing or reducing its foreign currency reserves to finance its imports.
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Burger Dome sells hamburgers, cheeseburgers, French fries, soft drinks, and milk shakes, as well as a limited number of specialty items and dessert selections. Although Burger Dome would like to serve each customer immediately, at times more customers arrive than can be handled by the Burger Dome food service staff. Thus, customers wait in line to place and receive their orders. Suppose that Burger Dome analyzed data on customer arrivals and concluded that the arrival rate is 51 customers per hour and 1 customer processed per minute.
Compare a multiple-server waiting line system with a shared queue to a multiple-server waiting line system with a dedicated queue for each server. Suppose Burger Dome establishes two servers but arranges the restaurant layout so that an arriving customer must decide which server's queue to join. Assume that this system equally splits the customer arrivals so that each server sees half of the customers. How does this system compare with the two-server waiting line system with a shared queue? Compare the average number of customers waiting, average number of customers in the system, average waiting time, and average time in the system. If required, round your answers to four decimal places.
Shared single queue Dedicated queues
Number of customers waiting fill in the blank 1 fill in the blank 2
Average number of customers in the system fill in the blank 3 fill in the blank 4
Average waiting time fill in the blank 5minutes fill in the blank 6minutes
Average time in the system fill in the blank 7minutes fill in the blank 8minutes
Comparing these numbers, it is clear that the shared single queue OR two dedicated queues results in better process performance than the shared single queue OR two dedicated queues
Answers
Both systems have the same average number of customers waiting, average number of customers in the system, average waiting time, and average time in the system.
In a multiple-server waiting line system with a shared queue, all customers join a single queue, and the servers take turns serving the customers. On the other hand, in a multiple-server waiting line system with dedicated queues, each server has its own queue, and customers must choose which server's queue to join.
Now, let's compare the two systems.
1. Number of customers waiting:
In the shared single queue system, the number of customers waiting is equal to the average number of customers in the system minus the number of servers. In this case, with two servers, the number of customers waiting would be "fill in the blank 3".
In the dedicated queues system, since the customers are equally split between the two servers, each queue will have half the number of customers. Therefore, the number of customers waiting in each queue would be "fill in the blank 4".
2. Average number of customers in the system:
In the shared single queue system, the average number of customers in the system is the sum of the number of customers waiting and the number of customers being served. Since each server can serve one customer at a time, the average number of customers in the system would be "fill in the blank 3".
In the dedicated queues system, the average number of customers in the system is the sum of the number of customers waiting in each queue and the number of customers being served. Since each server can serve one customer at a time, the average number of customers in the system would be "fill in the blank 4".
3. Average waiting time:
The average waiting time in the shared single queue system is calculated by dividing the number of customers waiting by the arrival rate. Therefore, the average waiting time would be "fill in the blank 5 minutes".
In the dedicated queues system, the average waiting time for each queue would be the same as the average waiting time in the shared single queue system, as each queue receives half of the customers. Therefore, the average waiting time in each queue would also be "fill in the blank 5 minutes".
4. Average time in the system:
The average time in the system in the shared single queue system is calculated by dividing the average number of customers in the system by the arrival rate. Therefore, the average time in the system would be "fill in the blank 7 minutes".
In the dedicated queues system, the average time in the system for each queue would be the same as the average time in the system in the shared single queue system, as each queue receives half of the customers. Therefore, the average time in the system in each queue would also be "fill in the blank 7 minutes".
Comparing these numbers, it is clear that the shared single queue system results in the same process performance as the two dedicated queues system.
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Your big brother has decided that he wants to get into the
workforce relatively soon and doesn't want to pursue a 4-year
degree. He is considering a career as a paralegal. While
browsing job postings for paralegals in the area he notices that
most firms are requiring candidates to have an associate's
degree or a certification. Based on the information in the table
below, which option is best for your brother and why?
Answers
The answer is based on the table Work study which includes 6 weeks of certification program and 2 years in community college is best for the brother.
The reason is because he doesn't want to pursue a 4-year degree and most firms require candidates to have an associate's degree or a certification.
Therefore, work study is best option as it fulfills his requirement for certification and college within a limited time period.
What is certification in plain English?Certifications are special qualifications there by an individual to show their validity and capacity to carry out a task. Your certification is shown as a document that certifies that, as a professional, you have received the necessary training, education, and preparation to fulfill the requirements of your position.
What are the three different certifications?A certification might be of one of three broad forms. Corporate (internal), product-specific, and profession-wide are listed in order of development level and portability.
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Can somebody help me figure out what he means by this assignment. Don't actually do it but like explain it to me
Answers
Answer:
It seems like u have to see what companies did to help out like did they raise how much the get paid in hour I hope this helps.
Explanation:
which of the following totals and subtotals are not found on a multiple-step income statement? multiple choice cost of goods sold total current assets net sales total operating expenses net income
Answers
Revenue, costs, and net income are all included in the income statement (loss). Users can calculate additional data including gross profit, income from continuous activities, total operating expenses, and net sales using an income statement with numerous phases. Instead of the income statement, the balance sheet contains information on current assets.
What is balance sheet ?
An organization's assets, liabilities, and shareholder equity are listed on a balance sheet, a financial statement. One of the three fundamental financial statements used to assess a company is the balance sheet. The assets and liabilities of a corporation as of the publication date are shown in a snapshot.
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Like E9-1Vertical Analysis - Income StatementRevenue and Expense data for Searle Technologies Co. Are as follows:20Y820Y7Sales$900,000$725,000Cost of goods sold558,000435,000Selling expenses117,000116,000Administrative expenses63,00065,250Income tax expense76,50058,00
Answers
From the given data the net income is $50 by vertical Analysis.
The Gross Profit is calculated by abating the Cost of goods vended from the Deals profit. The Operating Profit is calculated by abating the Selling and executive charges from the Gross Profit. Eventually, the Net Income is calculated by abating the Income duty expenditure from the Operating Profit. he income statement is a fiscal statement that reports a company's earnings and charges over a specific period.
The income statement shows how important profit a company generated during a particular period, and it's an essential element of a company's fiscal statements. The income statement starts with the profit generated by a company during the period and subtracts the cost of goods vended( COGS) to calculate gross profit. After gross profit, the income statement subtracts operating charges, including selling and executive charges, to calculate operating profit or earnings before interest and levies( EBIT).
The income statement is given in figure.
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in order to assess the performance of their firms and their supply chains, what do managers need to do to determine the needs of those customers?
a. Look at each segment of the markets they serve
b. Help identify new customer requirements
c. Rely on traditional performance measures
d. Collaborate in pricing of products
Answers
The correct option to the given question about assess the performance of their supply chains is option a) . Take a look at each market category they serve.
A corporation can generally use one of six major models to direct its supply chain management procedures.
The continuous flow model, one of the more established supply chain strategies, works best for developed sectors. The continuous flow model assumes that a producer will consistently produce the same good and that customer demand will be relatively stable. Agile Strategy: This model works best for businesses that provide products that customers order or have unexpected demand. This model places a premium on adaptability because a business must be ready to change course at any time in the event of a specific requirement.
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The monopolist produces an output that is __________ the perfectly competitive industry would produce.
Answers
Answer:
charge more than a firm in a competitive market. to to Monopoly Production:
Project: How Entrepreneurs Improve the Economy
This project will focus on researching different ways that entrepreneurs improve the economy. You will then explore these ways and
explain whether you agree or disagree with how each can improve the economy.
During this project, you'll accomplish the following:
O Objectives
• Research at least five ways that entrepreneurs improve the economy and explain whether you agree or disagree with each.
Directions
Use the Internet to research different ways that entrepreneurs improve the economy. You will need to have at least five ways. Be sure
to include the URL links you used as resources in the space below.
Now that you have completed the research, record your findings in the table below and include the links,
1 Fillin five ways that entrepreneurs improve the economy
Answers
Answer:
time management
make best decision
saving the budget
having ideas
never relaxed
describe the role of financial compensation/incentives as part of the process to improve quality. name one aspect of a compensation/incentive program that would make it more likely to be successful.
Answers
Financial compensation/incentives can play a significant role in improving the quality of work produced by employees. By rewarding employees for meeting or exceeding certain performance standards, companies can motivate workers to strive for higher levels of excellence. This, in turn, can lead to better overall results for the organization.
One aspect of a compensation/incentive program that could make it more successful is to ensure that the rewards are closely tied to the desired behavior or outcome. For example, if the goal is to improve customer satisfaction ratings, then rewards should be given to employees who consistently receive high scores in this area. By making the rewards specific and directly related to the desired outcome, employees will be more motivated to work towards achieving the goal. Financial compensation/incentives play a crucial role in the process to improve quality by motivating employees to perform at their best and achieve organizational goals. They act as a reward system that encourages employees to strive for excellence and focus on continuous improvement. One aspect of a compensation/incentive program that would make it more likely to be successful is setting clear, measurable performance goals. By defining specific targets and linking incentives to their achievement, employees are better able to understand what is expected of them, and the organization can more effectively track progress towards improved quality.
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"drawing relevant examples from the extract, discuss
the leadership qualities of Steve Jobs and bring out how his
leadership embodies the nature and elements of leadership
Answers
Steve Jobs, the co-founder of Apple Inc., exhibited remarkable leadership qualities that contributed to his success and the transformation of Apple into one of the world's most valuable companies.
Firstly, Jobs demonstrated a visionary leadership style. He had a clear and compelling vision of creating innovative products that would revolutionize industries. For instance, his vision of a user-friendly personal computer led to the development of the Macintosh.Secondly, Jobs possessed strong passion and charisma. He had a relentless drive to pursue excellence and inspire others to share his vision. His charisma and persuasive communication skills motivated employees and stakeholders His leadership embodied several key elements.
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Go to the SAI Global website and research one ISO or AS
standard on environmental practices relevant to your
business.
Answers
ISO 14001 is an internationally recognized Environmental Management System (EMS) standard that establishes a framework for organizations to manage their environmental obligations in a systematic manner.
ISO 14001 is suitable for all types of organizations, including those in the private, public, and non-profit sectors. The standard helps businesses of all sizes, in all industries, to minimize their environmental impact, reduce waste, improve resource efficiency, and comply with environmental regulations.
SAI Global is one of the leading providers of training, compliance, and risk management solutions. The company offers a range of services to help organizations achieve ISO 14001 certification, including gap analysis, internal audit, and certification audits. In addition, SAI Global offers a range of environmental management training courses to help organizations develop the skills and knowledge required to implement an effective EMS.
To research more about the SAI Global website, one can visit their website and navigate to the "Standards and Regulatory Information" page. From there, one can find a list of all the relevant ISO and AS standards related to environmental practices. The website provides detailed information about each standard, including the requirements, benefits, and certification process.
In conclusion, ISO 14001 is a relevant environmental standard for businesses to adopt. It establishes a systematic approach to managing environmental obligations and helps organizations reduce their environmental impact while improving resource efficiency. SAI Global offers a range of services to help businesses achieve certification to this standard.
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what do you pore first the cereal or the milk? True or false.
Answers
You will have $ in 20 years if you set aside $2,000 at 8%. (Use the future value tables from Chapter 5.)
Answers
In 20 years you'll have $5,220.
2,000×0.08=160
2,000+(160×20)= 5,220.
The total interest will be $3200 (160X20) at an interest rate of 8%. You'll have $5,220 after 20 years.
What is the interest rate?The amount of interest due each period expressed as a percentage of the amount lent, saved, or borrowed is known as an interest rate (called the principal sum). The total interest on a loaned or borrowed sum is determined by the principal amount, the interest rate, the frequency of compounding, and the period of time the loan, deposit, or borrowing took place.
The rate calculated over a year is the annual interest rate. However, they are typically annualized. Various interest rates are applicable over shorter time frames, such as a day or a month.
A key tool of monetary policy, interest rate goals are taken into consideration when addressing issues like investment, inflation, and unemployment. When a nation wants to boost consumption and investment in the economy, its central bank typically lowers interest rates.
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What is meant by a 'brand'
Answers
Answer:
A brand is a name given to a product and/or service such that it takes on an identity by itself.
If john deere reorganized its marketing department into four groups focused on homeowners, commercial landscaping, agriculture, and construction, which organizational model would it be adopting?.
Answers
John Deere would adopt a functional organizational model if it divided its marketing division into four divisions with a focus on homeowners, commercial landscaping, agricultural, and construction.
What exactly is functional organizational model?A typical type of corporate organization is a functional organizational structure, which divides a company into numerous divisions according to areas of competency and organizes workers according to specialization, skill, or related activities.Segmenting an organization into various functional entities allows for greater control over operations and how work is done.Company division is an example of a functional organizational structure. a division of engineering. Office of Facilities. the partition of resources for people.Starbucks is an example of a real-world, functional organization. Each of the three divisions of the business is headed by a vice president. The vice president receives assistance from department managers who report to two senior managers. Most of the company's employees are entry-level employees working in various departments.Learn more about organizational structure here:
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Consider a simple economy that produces two goods: cupcakes and oranges. The following table shows the prices and quantities of the goods over a three-year period.
Use the information from the preceding table to fill in the following table.
Answers
Answer:
Nominal GDP
= (Price of cupcakes in year * quantity of cupcakes in year) + (Price of oranges in year * quantity of oranges in year)
2018
= (2 * 125) + (3 * 155)
= $715
2019
= (4 * 135) + ( 3 * 210)
= $1,170
2020
= (2 * 125) + (3 * 165)
= $745
Real GDP using 2018 as base year:
= (Price of cupcakes in 2018 * quantity of cupcakes in year) + (Price of oranges in 2018 * quantity of oranges in year)
2018
= (2 * 125) + (3 * 155)
= $715
2019
= (2 * 135) + (3 * 210)
= $900
2020
= (2 * 125) + (3 * 165)
= $745
GDP Deflator
= Nominal GDP in year / Real GDP in year * 100
2018
= 715/715 * 100
= 100
2019
= 1,170 / 900
= 130
2020
= 745/745 * 100
= 100