Using the formula for compound interest, we can calculate the balance after 10 years as follows:
A = P(1 + r/n)^(n*t)
Where:
A = the ending balance
P = the principal amount (initial deposit)
r = the annual interest rate (as a decimal)
n = the number of times the interest is compounded per year
t = the time (in years)
Plugging in the values given in the problem, we get:
A = 5000(1 + 0.03/12)^(12*10)
A = 5000(1.0025)^120
A = 5000(1.345)
A = 6723.58
Rounding to the nearest dollar, the balance after 10 years is $6,724.
Hi! To solve this problem, we'll use the formula for compound interest, which is A = P(1 + r/n)^(nt). In this case, P = $5,000 (the principal), r = 0.03 (the interest rate), n = 12 (compounded monthly), and t = 10 years. Plugging in these values:
A = 5000(1 + 0.03/12)^(12*10)
A ≈ $6,719
After 10 years, Sam's account balance, rounded to the nearest dollar, will be approximately $6,719.
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Imagine you purchased a VIX future contract at 20%. If the special settlement opening price after the last day of trading is 25%: O you made a profit of USD 50 you made a profit of USD 0.05 O you lost USD 50 O you lost USD 0.05
If you purchased a VIX future contract at 20%, and the special settlement opening price after the last day of trading is 25%, you would have made a profit of USD 50.
This is because the VIX future contract is based on the volatility index, which measures the level of uncertainty or risk in the market. When the VIX level increases, it indicates that the market is becoming more volatile, which can lead to higher returns for investors.
In this scenario, the 5% increase in the VIX level from 20% to 25% would have resulted in a profit of USD 50. This is because VIX future contracts are priced per point, and each point is equal to USD 1. So, a 5-point increase in the VIX level would result in a profit of USD 5 per point, or USD 50 overall.
It is important to note that VIX futures are highly volatile and can result in significant losses if not traded carefully. Therefore, it is crucial to have a solid understanding of the market and to have a well-planned trading strategy in place before investing in VIX futures. The correct option is ou would have made a profit of USD 50.
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A company in Maine sends lobsters to France What is Maine doing? Select three options
Answer:
Following are the answer to this question:
Explanation:
Some information is missing in the question. So, the correct choices can be described as follows:
i) practicing international trade
ii) exporting products
iii) participating in globalization
Maine has been globally traded because its, company transfers it's own goods at international frontiers when a client gives lobster with France in Maine. It exports products as its goods are manufactured in one nation, in this scenario the USA, is one other country, France in this case.Finally, it participates in the process of globalization because the company operates internationally by selling its products.Answer:
B. practicing international trade
C. exporting products
D. participating in globalization
factorise the following3x^2-18 +24
Answer:
it's 3(x^2-2) bcoz -18-24= -6 and 3 is divisible into 6 twice
Adam's Apples, a small firm supplying apples in a perfectly competitive market, decides to cut its production to half this year. Which of the following is likely to occur in this case? a. The market price of apples will increase b. The market price of apples will decrease c. The market demand for apples will increase d. The market price of apples will not be affected. e. The market supply curve of apples will shift rightward.
The market price of apples will increase. If Adam's Apples cuts its production in half, it will be supplying less apples to the market. Option a is Correct.
This will lead to a decrease in the quantity of apples available, and as a result, the market supply will be lower than before. When the market supply is lower than the market demand, the market equilibrium price will tend to increase. This is because with less apples available, consumers will be more willing to pay higher prices to obtain the apples that are available.
The other options listed are not likely to occur in this scenario. Cutting production will not increase the demand for apples, as the quantity of apples available will still be lower than before. Similarly, cutting production will not shift the market supply curve rightward, as the market supply will be lower, not higher. Option e is also unlikely, as cutting production will not shift the market supply curve, as the market supply will be determined by the firm's own decisions about production. Option a is Correct.
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Explain two reasons why a government may run hospitals.
Explanation:
1) If a government decides to run a hospital, the
prices are likely to be less or free of cost.
2) the payments are made by the taxpayers.
3)A government will want to run a hospital because the economy might have many poor people and will want to reduce the death rate.
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What are the similarities and differences in the purchasing
functions at a for profit versus a not for profit organization?
Explanation:
I hope this answer is helpful ):do you know the answer
The sources of information for foreign employment Red, personal contacts abroad; Green, recruitment websites and the techniques of getting information of foreign employment notice board, websites etc.
What is foreign employment?Going from one country to another country in the search of job and for the purpose of earning money is called foreign employment.
The foreign employment has the advantage that it has the ability to experience different cultures, customs, and traditions.
It provides the opportunity to develop a more global and open mindset.
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What public works project was built to help with unemployment during the great depression?.
Answer: Im also taking this test and i believe the answer is Hoover Dam i might be wrong
Explanation: Hoover Dam
the covered loan law limits total fees and points paid by the borrower prior to closing to what amount?
The covered loan law limits total fees and points paid by the borrower prior to close to 6%.
a person or business that takes out a loan, especially one for cash from a bank: Banks support potential new borrowers. Interest is owed by the borrower from the time the loan is disbursed until it is fully repaid. Typically, the borrower signs a contract and consents to specific terms regarding repayment. The term "principal borrower" may also be used to refer to this person, which designates the person who has borrowed the "principal" or primary loan amount. An individual or other entity incurs debt when they take out a loan. The lender advances the borrower some cash, which is typically provided by a business, financial institution, or the government. In exchange, the borrower consents to a particular set of terms, which may include any finance charges, interest, a repayment schedule, and other requirements.
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Which of the following are traits of successful entrepreneurs?
quits when he or she fails
doesn't make the same mistake twice
is self-assured
relies on everyone else to get the job done
Answer:
Self assured and doesn't make the same mistake twice
Explanation:
Hope this helps!
Which of the following is NOT a useful strategy when making an informed purchase?
1.Compare your option to similar products.
2.Calculate the unit price of the product.
3.Read the online reviews of the product and ask trusted friends who use it.
4.Purchase a product based on a social media influencer.
What sports have been founded by an entrepreneur?
An individual who plans, manages, and takes on the risk of a sport-related business enterprise is known as a sports entrepreneur. There are numerous instances of professional players succeeding in business after leaving sports.
The most well-known professional sport players who successfully transitioned from athletics to entrepreneurship include Payton Manning, David Beckham, John Elway, Magic Johnson, and Venus Williams, to name just a few. Many of you are familiar with his court movements. It is less typical to be aware of his entrepreneur side. However, how many companies does Shaq actually own? Even though the solution is not obvious, it is still amazing.
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Define a Small Scale Enterprise as per ‘MSMED Act, 2006’.
Explanation:
the Government of India has in acted, small and medium enterprises development (MSMED) Act, 2006 in terms of which the definition of micro, small and medium enterprises is an enterprise where the investment in plant and machinery is more than rate 25 lakh but does not exceed rate.
The Hull Petroleum Company and Inverted V are retail gasoline franchises that compete in a local market to sell gasoline to consumers. Hull and Inverted V are located across the street from each other and can observe the prices posted on each other's marquees. Demand for gasoline in this market is Q= 80-12 and both franchises obtain gasoline from their supplier at $410 per gallon. On the day that both franchises opened for business, each owner was observed changing the price of gasoline advertised on its marquee more than 10 times: the owner of Hull lowered its price to slightly undercut Inverted V's price, and the owner of Inverted V lowered its advertised price to beat Hull's price. Since then, prices appear to have stabilized. Under current conditions, how many gallons of gasoline are sold in the market, and at what price? Instructions: Enter your responses rounded to the nearest two decimal places Gallons sold: Price: $
Answer:
I believe that the demand equation is incomplete, since there is no price (P).
If we just solve this equation like it is, the quantity demanded = 80 - 12 = 68 gallons
if we add the price into the equation:
Q = 80 - 12P
since this is a competitive market, in order to maximize profits, marginal revenue = marginal cost = $4.10 per gallon (not $410).
That means that both companies will sell gasoline at $4.10 per gallon
equilibrium quantity = 80 - (12 x 4.10) = 30.8 gallons of gasoline
Where do you like to go when you eat out? Do you like to cook? Could you live without internet? Whats your most memorable birthday? What would your perfect day be like?
Lots of places, I don't really know, Yes, all of them, I don't know
For departments of a company use this floor space: Dept. A- 12,000 ft?, Dept, B- 5600 ft', Dept. C
10,000 ft?, Dept. D- 4400 ft?. The yearly maintenance cost of the building, $36,000, is distributed based on the floor space. How much of the annual maintenance cost is each department charged?
The amount that each department is charged for yearly maintenance based on floor space is:
Dept. A: $13,500Dept. B: $6,300Dept. C: $11,250Dept. D: $4,950How to find the cost ?To determine the amount of annual maintenance cost each department is charged, we need to calculate each department's percentage of the total floor space in the building, and then allocate the maintenance cost based on those percentages.
Total floor space = 12,000 + 5,600 + 10,000 + 4,400 = 32,000 ft²
Next, we calculate each department's percentage of the total floor space:
Dept. A percentage = (12,000 / 32,000) x 100% = 37.5%
Dept. B percentage = (5,600 / 32,000) x 100% = 17.5%
Dept. C percentage = (10,000 / 32,000) x 100% = 31.25%
Dept. D percentage = (4,400 / 32,000) x 100% = 13.75%
Finally, we allocate the annual maintenance cost based on these percentages:
Dept. A maintenance cost = 37.5% x $36,000 = $13,500
Dept. B maintenance cost = 17.5% x $36,000 = $6,300
Dept. C maintenance cost = 31.25% x $36,000 = $11,250
Dept. D maintenance cost = 13.75% x $36,000 = $4,950
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Vertical disintegration occurs when a company: a. uses its capital resources to purchase its competitor. b. takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company. c. decides to exit industries to its core industry. d. decides to acquire its suppliers and distributors. e. decides to sell its business model to another company.
Answer:
b. takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company.
Explanation:
Vertical disintegration occurs when a company takes advantage of another company it does business with after the other company has made a substantial investment in assets to meet the needs of the company.
A common or popular example of vertical disintegration is Hollywood because it comprises of specialized business firms that are saddled with the responsibility of performing specific tasks or services such as creating movie trailers, posters, editing, sound effects, special effects, lighting, etc.
Generally, vertical disintegration help business firms or organizations to share risk associated with doing business among themselves.
Question 29 5 pts A bond with par value of $1,000 has an annual coupon rate of 4.8% and currently sells for $930. What is the bond's current yield? Do not round intermediate calculations. Round your answer to 2 decimal places, enter numbers and decimals only
The bond's current yield is approximately 5.16%.
How to calculate the bond's current yield given its coupon rate, market price, and par value?To calculate the bond's current yield, we need to divide the annual coupon payment by the bond's current market price.
Annual coupon payment = Coupon rate * Par value = 4.8% * $1,000 = $48
Current yield = Annual coupon payment / Current market price = $48 / $930
Calculating the current yield:
Current yield = $48 / $930
Current yield ≈ 0.05161
Rounded to 2 decimal places, the bond's current yield is approximately 0.05 or 5.16%.
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In the manufacturing process, _______ technical complexity means most of the work is performed by machines, and _______ technical complexity means workers play a larger role in the production process.
The High technical complexity means most of the work is performed by machines while low technical complexity means workers play a larger role in the production process.
What is a technical complexity?In a manufacturing process, this refers to the needed technological level for the design and manufacture of an industrial product while considering its characteristics and performances.
Hence, the High technical complexity indicates most of the work is performed by machines while low technical complexity indicates workers play a larger role in the production process.
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The US Supreme Court did what in Piscataway Board of Education v. Taxman, 521 U.S. 1117, 117 S.Ct. 2506 (1997)?
Answer:
The case was never heard in the United States Supreme Court.
Explanation:
The board of education of Piscataway High School, New Jersey desired to remove one teaching position from the Business Education department. A hindrance to this was the fact that the two teachers being considered had indefinite appointments, and were equal in seniority. According to the state law, tenured teachers can be relieved of their duties in reverse order of seniority. Either Sharon Taxman, a white teacher, or Debra Williams an African-American teacher were to be relieved of their positions.
Taxman was chosen because African-Americans were a minority. Taxman contested this in the court. The case was never heard at the U.S Supreme court because some civil rights group wanted the case to be settled out of court. The United States Court of Appeal ruled in favor of Taxman.
You own a bullding that is expected to pay annual cash flows forever. What is the amount of the annual cash flow prodeced by a building expected to be if the bulding is worth $2200000, the cost of capitali is 7%, and annual fixed cash flows are expected with the first one due in one yearz(Round the value to oth decirnal to set a whole number)
The amount of the annual cash flow produced by a building expected to be if the building is worth $2,200,000, the cost of capital is 7%, and annual fixed cash flows are expected with the first one due in one year is $154,000 (rounded to the nearest whole number).
To determine the amount of annual cash flow produced by a building expected to be if the building is worth $2,200,000, the cost of capital is 7%, and annual fixed cash flows are expected with the first one due in one year, we have to use the following formula:
PV = CF / r
PV = Present Value of the building
CF = Cash Flow
r = rate
We need to find the cash flow so the formula can be rewritten as follows:
CF = r x PV
Where CF = cash flow,
r = cost of capital, and
PV = present value of the building.
So, the cash flow produced by the building is $154,000 annually (rounded to the nearest whole number).
We have the following values given:
PV = $2,200,000r = 7%
Using the formula:
PV = CF / r
CF = r x PV
PV = $2,200,000
r = 7%
Substituting the given values in the formula, we get;
CF = 7% × $2,200,000CF
= $154,000
Therefore, the amount of the annual cash flow produced by a building expected to be if the building is worth $2,200,000, the cost of capital is 7%, and annual fixed cash flows are expected with the first one due in one year is $154,000 (rounded to the nearest whole number).
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QUESTION 7 of 10: Which is NOT a use for market research?
a) Identifying what services customers want
Ob) Deciding what merchandise to sell
O c) Determining tax deductions
O d) Forecasting sales
Submit
Answer:
The answer would be b, determining tax deductions
Explanation:
All three of the other points are ways you can find out customers needs and wants, however tax deduction is used to figure out how much tax is owed.
The w2 form is most closely related to what business form
The W-2 details your earnings from your employer as well as the amount of tax deducted from those earnings on your behalf throughout the tax year. To make sure you are deducting the appropriate amount of taxes from your paychecks, you should think about monitoring your tax withholding once a year.
A typical tax form that is generated by a company for each employee and lists the total salary given to that employee as well as the taxes withheld during the year. Also known as a W-2 form. Most content was published by Penguin Random House LLC in 2005, 1997, and 1991.
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Why should the ar grazing system be good in the profession of farming or domesticating the goats or sheep.DISCUSS.
Answer:
the point of the grazing system is to
allow vegetation and soil a resting time to recover, and sometimes also to improve vegetation conditions so this will be good for goat and sheep because they will have more grass
if mark offered to sell mr. wilkins the goats and he declined the offer, what other resources would mark have to sell in order to raise the necessary capital to keep the farm?
If Mr. Wilkins declined the offer to buy the goats, Mark would need to explore alternative resources to raise the necessary capital to keep the farm.
Here are some potential options: Livestock: Mark could consider selling other livestock such as cows, pigs, or chickens, if he has any, to generate funds. Farm Equipment: Mark could sell or lease out farm machinery, such as tractors, harvesters, or irrigation systems, to generate capital. Crops or Produce: If Mark grows crops or produces goods on the farm, he could sell or trade them in the market to raise funds. Land or Property: If Mark owns additional land or property, he could sell or lease it to generate the necessary capital. Farm Supplies: Mark could sell excess or unused farm supplies, such as fertilizers, seeds, or pesticides, to generate additional funds. Agricultural Products: If the farm produces value-added products like cheese, honey, or jams, Mark could sell these products to generate income. Farm Services: Mark could offer services such as land cultivation, plowing, or animal husbandry to neighboring farmers for a fee. It's important for Mark to evaluate which resources can be spared without compromising the overall sustainability and profitability of the farm.
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the process involved for capital expenditure funding requests varies according to the organization. the process may be influenced by:
The process for capital expenditure funding requests can vary significantly depending on the organization in question. Several factors can influence the process, such as the size and structure of the organization, the type of project being proposed, and the availability of funds.
Generally, the process involves several stages, such as the initial proposal, feasibility analysis, budgeting, approval, and execution. During the proposal stage, the project's purpose and objectives are outlined, and the estimated costs and benefits are evaluated.
The feasibility analysis stage involves assessing the viability of the project, including its technical, financial, and organizational aspects. The budgeting stage involves estimating the project's total cost and identifying potential funding sources.
The approval stage involves securing the necessary approvals from the relevant stakeholders, such as the board of directors, shareholders, or government agencies. Finally, during the execution stage, the project is implemented according to the approved plan, and the progress is monitored and evaluated regularly.
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What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.
Answer:
A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOUMargaret isn't ready to buy jill's property, but she pays jill a fee that guarantees she'll be notified if another buyer appears. If another buyer does make an offer, margaret has the opportunity to purchase at the price and terms of the offer. Margaret has a(n) ______ on jill's property
What this means is that Margaret has a Right of first refusal on Jill's property,
What is Real Estate?This refers to the buying and selling of properties and how the ownership is transferred.
Hence, because Margaret has made a down payment on the property which gives her the chance to buy the property if there is no counteroffer, then this means that Margaret has a Right of first refusal on Jill's property,
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Which of the following statements are true about authorized direct payments: (select all that apply)
a. It can be easy to forget what gets paid each month and when and make sure you have enough money in your checking account to cover automatic payments
b. Banks make many mistakes while processing these types of withdrawals
c. It is convenient
d. Automatic payment plans can be set up in a matter of minutes. But stopping them can be much more difficult. Sometimes you have to notify your bank and your merchant, and you may even need to do it in writing.
e. It is very expensive to enroll into automatic bill payment.
f. Once you enroll into automatic bill payment, you have to authorize direct deposits to your account on regular basis.
Answer:
a. It can be easy to forget what gets paid each month and when and make sure you have enough money in your checking account to cover automatic payments
c. It is convenient
d. Automatic payment plans can be set up in a matter of minutes. But stopping them can be much more difficult. Sometimes you have to notify your bank and your merchant, and you may even need to do it in writing.
Explanation:
Authorized Direct Payments give permission to an entity to withdraw a certain amount from your bank account to pay bills or other expenses. It is typically collected at a regular interval which is usually in months.
When using this it can be easy to forget that you have given permission for your money to be withdrawn from every period because you are not dealing with it directly. This means that you might even forget to adequately fund your account to enable the payment.
This type of payment is however very convenient as it means that you do not have to sign orders or checks every period because the payment just goes through automatically without bothering you.
As part of their convenience, these types of payments can be set up relatively fast. Stopping them on the other hand is a bit more difficult because it requires following up on multiple parties including the merchant and your bank. You would have to tell the merchant to stop collecting the payments sometimes by letter. Then you would have to issue a stop order to your bank to make sure they stop the payments. Then you have to ask for an update after some days from all parties to ensure that indeed your request has been carried out.
Statements that are right about authorized direct payments are;
It can be easy to forget what gets paid each month and when and make sure you have enough money in your checking account to cover automatic payments.It is convenient. Automatic payment plans can be set up in a matter of minutes. But stopping them can be much more difficult. Sometimes you have to notify your bank and your merchant, and you may even need to do it in writing.What is authorized direct payments?A authorized direct payments is a kind of payment that occur when one authorize a company to electronically collect a pre-authorized amount from your checking in order to a bill.
It is an automatic payment plans can be set up in a matter of minutes and it's time saving.
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Question 9 of 10
3 Points
Suppose a merchant in a moneyless economy traded his goods for a large
amount of purple fabric. He intended to use the fabric to trade for other
goods in another location. While he traveled to the other marketplace,
however, a trade ship arrived with a large shipment of purple fabric. As a
result, the merchant was only able to trade his fabric for about half of what he
had expected it to be worth in return. This situation illustrates the need for
what aspect of the purpose of money?
A. Preservation of value
B. Unit of measure
C.Ease of exchange
D.Government endorsement
I NEED HELP PLEASE!!
Answer:
Preservation of value
Explanation:
One of the advantages of money over trade by barter or any other moneyless transaction is the time value of money.
Time value of money can be explained as the ability of money to preserve its value and even increase in nearest future due to its potential earning capacity.
It can be inferred from the given scenario that the purples fabrics has lost a significant value due to the surplus of supply in the market place as it could no longer achieve the original worth.
Answer:
A) Preservation of value!
Explanation:
This means preserving a value, the cost of things at one point and another, you want to preserve that value in order to get the most out of your payment.