rashid invests $12,000 at 4% simple interest for 46 years. round your answers to the nearest cent. how much interest is earned over the 46 year period? $ how much is in the account at the end of the 46 year period? $
Answers
To calculate the interest earned over the 46 year period, we can use the formula: I = P * r * t . Where I is the interest earned, P is the principal amount invested, r is the annual interest rate, and t is the time period in years.
Plugging in the values given in the question, we get: I = 12,000 * 0.04 * 46 = $22,080 . So Rashid earned $22,080 in interest over the 46 year period. To calculate the total amount in the account at the end of the 46 year period, we can simply add the interest earned to the principal amount: Total amount = principal + interest. Total amount = 12,000 + 22,080 = $34,080. So at the end of the 46 year period, there is $34,080 in the account.
Remember to round your answers to the nearest cent, so the final answers are: Interest earned: $22,080.00. Total amount in the account: $34,080.00. To find out how much interest is earned over the 46-year period and the total amount in the account at the end of this period, we will use the simple interest formula and the given terms. So, over the 46-year period, Rashid earns $22,080 in interest, and the account balance at the end of this period is $34,080.
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Related Questions
Before investigating alternative production plans, demand forecasts should be converted into Multiple choice question. production requirements. inventory requirements. forecast for the next period. only safety stock requirements.
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Demand predictions should be converted to inventory requirements before considering alternate production strategies.
Production planning is the process of creating a roadmap for the design and manufacture of a certain product or service. Production planning assists firms in making their manufacturing processes as efficient as feasible. Production planning was developed to improve the manufacturing process, but its basic logic is now used in many ways to design, manufacture, and distribute software as well.
An alternative production plan is basically a safety plan which is made. In case the main plan does not work, an alternative plan is executed. Inventory Requirements means the minimum inventory level set out of a product; provided, however, that "inventory level" comprises only those Products on hand in final form as of a specific date.
Therefore, the correct option is the inventory requirement.
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Use the drop-down menus to explain how to create a subreport. 1. Open the table in view. 2. On the Design tab, click Min Grouping & Totals. 3. Select "with a footer section" from a drop-down menu in a pane below. 4. Next, choose Subform/Subreport from the command group. 5. Place the cursor at an insertion point. Then, to create a space. 6. In the Subreport Wizard, choose what you want to include in the subreport from the main table. 7. Once you are satisfied, create a name for the subreport, and click Finish. DO NOT PUT ANY FILES JUST THE ANSWER.
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Answer:
design
group and sort
control
click and drag
Explanation:
gg
Interest earned on a savings account is _____.
Answers
Explanation:
Interest earned on a savings account is everfi
Even when economic indicators show that the economy is down, small businesses often thrive. Think of a small business in your community that would do well, even if people did not have a lot of extra money to spend, and explain the advantages it has over larger businesses.
Answers
Answer:
A drug store is a type of business that is likely to do well even in an economic recession.
This is because drug stores sell an essential good, that often has a high price, and that is needed by many people, specially those who suffer from chronic diseases.
In other words, people will likely reduce their consumption of many other goods before reducing their consumption of prescription drugs.
Which of these is an off-site metric for social media marketing?
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Answer:c
Explanation:
What can a boosted post help an advertiser achieve?
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A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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paulson's pet store completed the adjusted trial balance for the year ended december 31, 20--. owner's equity as of january 1, 20--, was $504,320. the current portion of note payable is $2,000.
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Paulson's pet store completed the adjusted trial balance for the year ended december 31, 20-, Net income is 78080, Total assets 639400, Total liabilities 31,800, Total Liabilities and Equity 639,400.
The trial balance is an accounting report that contains the ending balances of the company's various general ledgers. A trial balance is a list of credit and debit entries used by businesses to audit their double-entry accounting systems internally. The goal is to ensure that the total of all debits equals the total of all credits and to determine whether any entries were recorded in the incorrect account. Net income is defined in business and accounting as an entity's income less cost of goods sold, expenses, depreciation and amortisation, interest, and taxes for an accounting period.
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Management, can anyone help me?
Answers
I think it is C I looked up some stuff and they all add up to C
In the following pictograph, how many books has Group 3 read?
18
25
15
12
Answers
Answer:
15 is the answer you are looking
Brummer Corporation makes a product whose variable overhead standards are based on direct labor-hours. The quantity standard is 0.20 hours per unit. The variable overhead rate standard is $8.90 per hour. In January the company produced 4,900 units using 1,010 direct labor-hours. The actual variable overhead rate was $8.80 per hour. The variable overhead efficiency variance for January is
Answers
Answer:
-$267
Explanation:
To calculate the variable overhead efficiency variance, we need to compare the actual direct labor-hours used to produce the units with the standard direct labor-hours allowed for the actual production.
Given data:
- Quantity standard: 0.20 hours per unit
- Actual production: 4,900 units
- Actual direct labor-hours: 1,010 hours
First, we can calculate the standard direct labor-hours allowed for the actual production:
Standard direct labor-hours allowed = Quantity standard × Actual production
= 0.20 hours per unit × 4,900 units
= 980 hours
Next, we can calculate the variable overhead efficiency variance:
Variable overhead efficiency variance = (Standard direct labor-hours allowed - Actual direct labor-hours) × Variable overhead rate standard
Variable overhead efficiency variance = (980 hours - 1,010 hours) × $8.90 per hour
= (-30 hours) × $8.90 per hour
= -$267
Therefore, the variable overhead efficiency variance for January is -$267. The negative sign indicates that the actual direct labor-hours used exceeded the standard allowed, resulting in unfavorable variance.
what factors determine the ultimate level of multiple deposit creation resulting from an increase in bank reserves?
Answers
The factors that affect the final level of multiple deposit creation are the excess reserve ratio, currency ratio and required reserve ratio.
What is multiple deposit creation?Creating multiple deposits is the process in which when the Federal Reserve injects an additional $1 in reserves into the banking system, the deposits increase by multiples of that amount. Category: Banking and Finance, Economics.
What is a bank deposit and how does creating multiple deposits work? Most money in our economy is created by banks in the form of bank deposits. This is the number that will appear on your account. Banks create new money by making loans. In today's economy, 97% of money exists as bank deposits, but only 3% is physical cash.The process of creating multiple deposits works like this: Suppose the central bank buys $100 worth of securities from Bank 1, and Bank 1 receives it and lends the $100 in cash to the borrower. This borrower writes checks against the $100 deposit created by the loan until all the money stays in Bank 2.To learn more about multiple deposits in banks visit:
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EXAMPLE 1: invests $500 at a simple
interest rate of 6%. How much interest will he earn in
one month? In six months? In one year?
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Six months: $180
One year: $360
In ________, one firm provides the product or service in a particular industry, which results in less price competition.
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Monopolies are said to exist when one company provides the product or carrier in a particular industry, and as such effects in much less rate competition.
What is monopoly oligopoly and monopolistic competition?An oligopoly will allow extra than one honcho to co-exist, and a monopolistic competition will enable several players to enter into the market, while a monopoly will essentially be the one that stands apart and guidelines the complete demand and provide chain in the unique discipline of selection.
What is the that means of monopolistic market?A monopolistic market is a theoretical circumstance that describes a market where only one employer may offer products and services to the public. A monopolistic market is the opposite of a perfectly competitive market, in which an infinite quantity of firms operate
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https://brainly.com/question/7217942#SPJ4soft money may be spent for party-building activities such as
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Soft money can be used for party-building activities, including activities aimed at strengthening political parties, such as voter registration drives, issue advocacy, and grassroots organizing.
Soft money refers to political contributions that are not subject to the same federal regulations and restrictions as "hard money" contributions, which are directly used to support specific candidates or campaigns. Instead, soft money can be allocated to party-building activities that aim to strengthen political parties and enhance their influence. Party-building activities funded by soft money can include a range of efforts aimed at increasing party membership, promoting party platforms, and enhancing organizational infrastructure. These activities may include voter registration drives, issue advocacy campaigns, grassroots organizing, volunteer recruitment, public relations initiatives, and educational programs.
By allocating soft money towards party-building activities, political parties can strengthen their grassroots support, engage with voters, and mobilize resources to support their overall objectives. These activities are intended to enhance the party's long-term viability, promote its values and policy positions, and develop a strong base of supporters. It's important to note that the regulations surrounding soft money can vary depending on the country and its specific laws governing campaign finance.
In some jurisdictions, there may be stricter regulations on the use of soft money for party-building activities, while others may allow more flexibility in its allocation. In conclusion, soft money can be spent on party-building activities, which encompass a range of efforts aimed at strengthening political parties and their influence. These activities play a vital role in expanding party membership, promoting party platforms, and enhancing the party's organizational infrastructure.
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The Law of Demand states that as...
A. As prices increases Quantity demand increases
B.As price increases quantity demand decreases
C.Price changes have no effect on quantity
D.Price changes shift the demand left or right
Answers
Answer:
b is ur answer
Explanation:
Answer:
A
Explanation:
The more people want something the more valuable it is. Like when new shoes or the new PS or Xbox are released are cases of Law of Demand
What are the different packaging materials used in petit four?
Answers
A recent Harvard Business Review Analytic Services survey of 376 senior executives, for example, found that many companies are Mailing little use of advanced digital technologies for noncustomer-facing operating activities, including sourcing and procurement. In Mauritius, an e-Procurement system has been introduced in the public sector a few years ago. With reference to one public body, explain four benefits for the organization that is using e-Procurement instead of traditional paper-based system(450 words)
Answers
The implementation of an e-Procurement system in a public body in Mauritius brings several benefits to the organization compared to a traditional paper-based system.
Increased Efficiency: With an e-Procurement system, the organization can streamline and automate the procurement process, eliminating manual paperwork and repetitive tasks. This leads to increased efficiency in sourcing, purchasing, and contract management. The system allows for faster processing of purchase requisitions, approvals, and order placements, reducing the overall procurement cycle time.
Cost Savings: Adopting e-Procurement can result in significant cost savings for the organization. By digitizing the procurement process, there is a reduction in administrative costs associated with paper-based systems, such as printing, storage, and document handling. Additionally, the system enables better tracking and analysis of procurement data, facilitating strategic sourcing decisions that can lead to cost savings through bulk purchases, negotiation of favorable terms with suppliers, and identification of cost-effective alternatives.
Improved Transparency: An e-Procurement system provides transparency and visibility throughout the procurement process. It allows stakeholders within the organization, including management, finance, and auditing departments, to access real-time information on procurement activities, budgets, and expenditures. This transparency enhances accountability, reduces the risk of fraud and corruption, and ensures compliance with procurement regulations and policies.
Enhanced Supplier Management: The e-Procurement system enables better supplier management by creating a centralized database of approved suppliers, their qualifications, and performance evaluations. This centralized information allows the organization to make informed decisions when selecting suppliers, ensuring quality and reliability. It also facilitates supplier relationship management, as the system provides a platform for communication, bidding, and contract management, promoting fair competition and encouraging supplier participation.
In conclusion, the adoption of an e-Procurement system in a public body in Mauritius brings several benefits. These include increased efficiency in the procurement process, cost savings through streamlined operations, improved transparency and accountability, and enhanced supplier management. By leveraging digital technologies for noncustomer-facing operating activities, organizations can drive efficiency, reduce costs, and optimize procurement practices for better overall performance.
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30 POINTS :D
If someone you don't know asks where you go to school, what should you do?
A. Don't respond
B. See if they're a friend of a friend
C. Ask why they want to know
D. Lie to them
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Do you think that employers have a right to judge an applicant attitude when hiring? Give a reason for your answer
Answers
Hope this helps :)
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called Group of answer choices auditing. economics. finance. accounting.
Answers
Recording, classifying, and summarizing economic events in a logical manner for the purpose of providing financial information for decision making is commonly called accounting.
Accounting is a fundamental process in business and financial management. It involves systematically recording financial transactions, classifying them into appropriate categories, and summarizing the information to create financial statements such as the income statement, balance sheet, and cash flow statement. These financial statements provide a snapshot of a company's financial performance, position, and cash flows, enabling decision-makers to analyze and make informed decisions about the organization's operations, investments, and financial strategies.
While auditing, economics, and finance are related disciplines, each has its own distinct focus. Auditing involves examining and evaluating financial records and statements to ensure accuracy, compliance, and reliability. Economics studies the production, distribution, and consumption of goods and services within an economy. Finance, on the other hand, focuses on managing financial resources, investments, and the financial aspects of decision making. However, accounting serves as the foundation for providing the necessary financial information in these areas.
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You are considering buying stock A. If the economy grows rapidly, you may earn 40 percent on the investment, while a declining economy could result in a 15 percent loss. Slow economic growth may generate a return of 3 percent. If the probability is 12 percent for rapid growth, 27 percent for a declining economy, and 61 percent for slow growth, what is the expected return on this investment? Round your answer to one decimal place.
Answers
Answer:
the expected return is 2.58%
Explanation:
The computation of the expected return is shown below:
= respective weights × respective returns
= 40% × 12% + -15% × 27% + 3% × 61%
= 0.048 - 0.0405 + 0.0183
= 0.0258
= 2.58%
hence, the expected return is 2.58%
Blackmon Brothers law firm used 165 legal pads over the last three weeks (15 days). It takes them three days to get more, and they want to keep two day's worth as a safety stock. How low can their stock get before they need to order more?
Answers
Answer:
55 legal pads.
Explanation:
The level at which Blackmon Brothers should order more legal pads is the re-order point.
The calculate re-order point, we require
Average daily usage
Delivery lead time
Safety stock is needed.
For Blackmon, Average daily usage will be 165 divided by 15 days
=165/15
=11 legal pads per day.
Lead time is 3 days
Formula for getting the re-order point
= (average daily usage x delivery time) + requires safety stock
For Black man
= (11 x 3)+ (11 x 2)
=33 + 22
=55 legal pads.
They should re-order when they have a balance of 55 legal pads.
Vinnie (our friend in the video) had a lot of credit cards, and he did have fun with them! Then he nearly went broke. What was the main thing Vinnie did wrong?
A. he paid off his balance every month in full.
B. he always recorded his payments.
C. he used one credit card to pay other credit card bills.
D. he always paid on time.
Answers
This is because he never really paid his bills but instead delayed
He used one credit card to pay other credit card bills. Thus, option 'C' is the correct option.
What is a credit card?A credit card is a type of payment card that is given to customers (cardholders) to allow them to pay a merchant for products and services depending on the amount of debt they have accumulated (i.e., promise to the card issuer to pay them for the amounts plus the other agreed charges).
The card issuer (often a bank or credit union) establishes a revolving account and provides the cardholder with a line of credit from which they can borrow money to pay for purchases or receive a cash advance. Consumer credit cards and corporate credit cards are the two types of credit cards. The majority of cards are made of plastic. However, some are made of metal (stainless steel, gold, palladium, titanium), while some include gemstones embedded in the metal.
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If your liquid assets equal $15,000 and your total current debts equal $50,000, your liquidity ratio is:
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According to your book and notes, which tests are most important to inside new product development processes? Time test, space test, and cost test Mental test, physical test, and the emotional test O Concept test, product use test, and market test Laboratory test, context test, and distribution test Creative test, superiority test, and the marketing mix test
Answers
The most important tests in new product development processes are concept test, product use test, and market test.
These three tests are critical components of the new product development process.
Concept test: This test assesses the viability and appeal of the product concept or idea among the target market. It helps to gauge customer interest, acceptance, and potential demand for the proposed product. Concept tests often involve surveys, focus groups, or prototype demonstrations to gather feedback and insights.
Product use test: This test evaluates the actual usage and performance of the product by potential users. It allows for hands-on testing and observation of how the product functions in real-world scenarios. Product use tests help identify any usability issues, functionality concerns, or areas for improvement before the product is launched to the market.
Market test: This test involves introducing the product to a specific market segment or geographic area on a limited scale. It aims to gather feedback and assess market acceptance, customer satisfaction, and sales performance. Market tests help validate the product's positioning, pricing, distribution, and overall market fit before a full-scale launch.
These tests provide valuable insights into the desirability, usability, and market potential of the new product, enabling informed decisions and adjustments to enhance its success in the market.
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What is it called when you make money on
the percentage of the total sales you make?
Answers
Answer:
Commission
Explanation:
Commission is a payment based on the amount of sales an employee makes and is usually based on a percentage of total sales.
information on the type of industry is provided for a sample of 50 fortune 500 companies.
Answers
This claim is accurate, but its applicability is constrained because it only includes a sample of 50 Fortune 500 companies. This statement's selection of 50 businesses only represents a small part of the complete list of Fortune 500 industry.
An economic sector known as a "industry" produces a particular good or offers a particular service. Industries can include everything from mining and agriculture to banking and technology. They are in charge of generating income and providing jobs, and they are essential to the growth and development of an economy. Investment choices and company strategies can be influenced by having a clear understanding of the various industry kinds, their relative size, and their importance. In order to maintain sustainable development, it is crucial to monitor and control the actions of industries because they can have a big impact on society and the environment. For policymakers and scholars, the distribution of industries within a nation or region can be a useful indicator of the economic climate and trends.
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What type of economy is an economic system in which private businesses can operate freely with minimal state control?Henry lives in a country where the government gives many incentives to produce military goods and few incentives to produce consumer goods. Henry knows a more efficient way to finish his task at work and feels like sharing it with his boss. However, he has no incentive to share it. Which type of economy does Henry most likely live in?
Answers
Answer:
Private business freedom : Capitalist or Market Economy. Henry is more likely in Socialist Economy.
Explanation:
Economy type in which private sector has full freedom, un-intervened by government or state control is Capitalist or Market Economy. Profit maximisation motive & high consumer choice, sovereignity such economy's main features.
Henry's country which gives incentives to reallocate production choice 'what to produce' (from consumer goods to military goods). He has more efficient idea for work implementation, but lacks incentive (probably due to lack of creative & innovative ideas reward). These features characterise a Socialist Economy, in which government or state has supreme power over central economic decisions. Social welfare is considered priority, government monopoly curbs innovation & creativity, there is less consumer choice, sovereignity.
a stock has a correlation with the market of 0.61. the standard deviation of the market is 30%, and the standard deviation of the stock is 31%. what is the stock's beta?
Answers
a stock has a correlation with the market of 0.61. the standard deviation of the market is 30%, and the standard deviation of the stock is 31%. the stock's beta is 0.63.
In arithmetic and data, the deviation is a measure of the difference between the observed fee of a variable and a few other costs, often that variables suggest. The signal of the deviation reports the route of that difference (the deviation is high-quality whilst the determined cost exceeds the reference value). The importance of the value indicates the scale of the distinction. A deviation that may be a distinction between a found fee and the true price of an amount hobby (where genuine price denotes the anticipated cost, along with the population mean) is an error. A deviation that is the distinction between the determined value and an estimate of the real cost (e.G. The sample suggest; the expected value of a pattern can be used as an estimate of the anticipated price of the population) is a residual. These ideas are relevant to facts in the c programming language and ratio tiers of dimension.
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the turnover rate of water is longer in the ocean than in the atmosphere. the turnover rate of water is longer in the ocean than in the atmosphere. true false
Answers
This statement is True. Water turnover rate refers to the rate at which water is exchanged between different reservoirs, such as between the ocean and the atmosphere.
The rate of water turnover in the ocean is much slower than the rate of water turnover in the atmosphere because of the larger amount of water in the ocean, the greater density of water, and the increased distance between the atmosphere and the ocean.
In the ocean, water exchange occurs much more slowly because the mixing of water between the surface and the deep ocean is affected by wind and ocean currents. This process can take years or even decades to complete. Therefore, the turnover rate of water in the ocean is much longer than in the atmosphere.
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