The aunt should set aside approximately $86,066.12 now to accumulate to $105,000 in 6 years with continuously compounded interest at a rate of 4% per year.
The formula for continuously compounded interest is given by:
A = \(Pe^{rt}\)
where A is the amount accumulated after time t, P is the principal amount invested, r is the interest rate (expressed as a decimal), and e is Euler's number (approximately 2.71828).
We can rearrange this formula to solve for the principal amount P:
P = A / \(e^{rt}\)
In this case, we want to find the principal amount that should be invested now (P) to accumulate to $105,000 in 6 years, with an interest rate of 4% per year compounded continuously. Therefore:
A = $105,000
r = 0.04 (4% expressed as a decimal)
t = 6 years
Plugging these values into the formula, we get:
P = $105,000 /\(e^(0.04 x 6)\)
P = $105,000 / \(e^(0.24)\)
Without using a calculator, we can approximate e^(0.24) as follows:
\(e^(0.24)\)= \(e^(0.2 + 0.04)\)≈ \(e^(0.2)\) x \(e^(0.04)\) ≈ 1.22
Therefore:
P ≈ $105,000 / 1.22 ≈ $86,066.12
So the aunt should set aside approximately $86,066.12 now to accumulate to $105,000 in 6 years with continuously compounded interest at a rate of 4% per year.
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Donald is a business development executive in a big retail company based in Omaha. His company now wants to expand and has sent Donald as their representative. Donald is also authorized to deal and negotiate with different vendors directly and in his own capacity. What role is Donaldplaying as per the contract law?
Answer:
C. Agent
Explanation:
Agent Law- the agent deals with third parties on behalf of the company in a contract and the company defines the control an agent can exert
Define the term teamwork
Answer:
helping and communicating
Explanation:
word done by several associates with each doing a part but all subordinating personal prominence to the effeciency of the whole
hope it helps
source: merriam webster
Answer:
the combined action of groups ,especially when effective and efficient
Human resources is about trying to
find the best way to utilize which of
the following for the benefit of the
company overall?
A. loans
B. products
C. people
Answer:
I think b is that the answer
Geoff's fiancée, Susan, comes to meet his parents for the weekend. On Saturday morning, while using Geoff's mother's hair dryer, the blower short-circuits sending sparks across the guest room. Susan's angora sweater and her hands are covered with tiny burns. Susan's mother is a lawyer and wants her to sue the seller of the dryer for breach of warranty. Can she?
Answer:
Yes, since she is a guest in the home of the buyer, the warranties would extend to her in most states.
Explanation:
Warranty
This is simply known as a type of duty or statement of other representation that is made by the seller or places by law on goods and services mainly concerning the aspect of quality, characteristics, strength and ownership of goods and services. It is often regarded also as a duty or obligation of the seller to the buyer in terms of title, quality, characteristics, or conditions of goods.
Types of warranty
1. Express Warranty
2. Implied Warranty of Title
3. Implied Warranty of Merchantability
4. Implied Warranty of Fitness for a Particular Purpose
Express Warranty
This is simply refered to as the description of the goods that is made part of the basis of the negotiation does bring about an express warranty that the goods will adhere to the description or defined it as an agreement of fact or promise in relation to the goods that becomes part of reasons of negotiation therefore brings about express warranty that goods will adhere to 3 things mainly:
1. Affirmation of Fact
2. Description
3. Sample or model
Bradley was recently promoted to the production manager of a busy shoe factory. He was chosen because prior to his promotion he had proven himself to be very efficient, and as a department manager he had a logical and practical approach to solving problems. Bradley has a reputation for being decisive and getting things done. Most of the factory's employees like Bradley, but they feel he exercises too much control over them. Bradley has a(n) ________ style. Group of answer choices conceptual behavioral ambiguous directive analytical
Answer:
Option d "Directive" is the correct alternative.
Explanation:
Under this approach, management teams or supervisors should lead the organizational objectives of workers and design the way to reach these objectives.The manner including its directive ensures that perhaps the organization specifically addresses as well as follows the guidelines and restrictions.All other alternatives aren't connected to the scenario. So the above is the right approach.
Which style of decision making will consumers who develop brand loyalty use?
A.extensive decision making
B.limited decision making
C.routine decision making
D.opportunity based decision making
THREE government regulations that guides the establishment and operation of a business.
why is it that a base raised to a power added to the same base raised to the same power is a product
A product where the same integer is used repeatedly as a factor is represented by a number raised to a power. The exponent provides the power, and the integer is referred to as the base.
The exponent counts the number of factors, while the base is the repeating factor (the multiplied number).The exponents are only a shortcut to the solution. The number of times the base is multiplied by itself rises as we add exponents. The complexity of the question has no bearing on this rule. A power raised to the sum of its exponents is the same as a power multiplied by another power with the same base. A base raised to the product of the exponents is equivalent to a power raised to another power. The quotient of any base increased to that power is the same as a quotient raised to a positive power.
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Brutus Buckey Auto-Parts Company is deciding whether to sponsor a racing team for a cost of $1 million. The sponsorship would last for three years and is expected to increase cash flows by $570,000 per year. If the discount rate is 6.9%, what will be the change in the value of the company if it chooses to go ahead with the sponsorship?
The NPV is negative, it means that the value of the company will decrease by $535,372 if it chooses to go ahead with the sponsorship.
The given information is as follows: Sponsorship cost = $1 million
Cash flows increase = $570,000 per year
Discount rate = 6.9%
We need to calculate the change in the value of the company if it chooses to go ahead with the sponsorship.
By using the net present value (NPV) formula, we can calculate the change in the value of the company. The formula for net present value (NPV) is:
NPV = Present value of cash inflows - Present value of cash outflows
Since the sponsorship cost is a cash outflow, we can say:
Present value of cash outflows = Sponsorship cost = $1 million
Now, let's calculate the present value of cash inflows.
Present value of cash inflows = Cash flows increase × Present value factor
Using the formula for present value factor, we can find the present value factor for the given values:
Present value factor = 1 / (1 + Discount rate)^n
Where n is the number of years for which cash flows are expected.
Here, n = 3.Present value factor = 1 / (1 + 0.069)^3= 0.8164
Therefore,
Present value of cash inflows = Cash flows increase × Present value factor= $570,000 × 0.8164= $464,628
Now, we can calculate the net present value (NPV):
NPV = Present value of cash inflows - Present value of cash outflows
= $464,628 - $1,000,000
= -$535,372
Since the NPV is negative, it means that the value of the company will decrease by $535,372 if it chooses to go ahead with the sponsorship. Hence, this is the required answer.
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assume+a+bank+offers+an+effective+annual+rate+of+7.26%.+if+compounding+is+monthly+what+is+the+apr?
The APR (Annual Percentage Rate) can be calculated based on the given effective annual rate of 7.26% with monthly compounding. The APR is approximately 6.98%.
The APR represents the annualized interest rate charged by a financial institution. It is used to compare different loan or investment options. In this case, we are given the effective annual rate of 7.26%, which takes into account the compounding frequency of monthly. To calculate the APR, we need to find the nominal interest rate that would result in the same effective annual rate when compounded monthly. We can use the following formula APR = (1 + i)^n - 1 Where i is the nominal interest rate and n is the number of compounding periods in a year. By substituting the values into the formula, we can solve for i: (1 + i)^12 - 1 = 0.0726 Simplifying the equation: (1 + i)^12 = 1.0726 Taking the twelfth root of both sides: 1 + i = (1.0726)^(1/12) 1 + i = 1.005992 Subtracting 1 from both sides: i = 0.005992 Converting the decimal to a percentage, the APR is approximately 0.5992%, which is rounded to 6.98%.
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Brightstone Tire and Rubber Company has capacity to produce 196,000 tires. Brightstone presently produces and sells 150,000 tires for the North American market at a price of $115 per tire. Brightstone is evaluating a special order from a European automobile company, Euro Motors. Euro is offering to buy 23,000 tires for $94. 15 per tire. Brightstone's accounting system indicates that the total cost per tire is as follows:
The minimum price per unit that would be financially acceptable to Brightstone is $129.37.
To determine the minimum price per unit that would be financially acceptable to Brightstone, we need to calculate the incremental cost of producing and selling the additional 23,000 tires.
The direct material cost per tire is $56, the direct labor cost is $22, and the factory overhead cost is $25, of which $15 is variable (60% of $25). The total variable cost per tire is therefore $103 ($56 + $22 + $25 - $15).
The selling and administrative expenses per tire are $26, of which $11.70 is variable (45% of $26). Therefore, the total variable cost per tire including selling and administrative expenses is $114.70 ($103 + $11.70).
Adding the shipping cost per tire of $7.50 and the certification cost of $165,000 divided by 23,000 units or $7.17 per tire, the total incremental cost per tire is $129.37 ($114.70 + $7.50 + $7.17).
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Complete question is:
Brightstone Tire and Rubber Company has capacity to produce 196,000 tires. Brightstone presently produces and sells 150,000 tires for the North American market at a price of $115 per tire. Brightstone is evaluating a special order from a European automobile company, Euro Motors. Euro is offering to buy 23,000 tires for $94. 15 per tire. Brightstone's accounting system indicates that the total cost per tire is as follows:
Direct materials $56
Direct labor 22
Factory overhead (60% variable) 25
Selling and administrative expenses (45% variable) 26
Total $129
Brightstone pays a selling commission equal to 5% of the selling price on North American orders, which is included in the variable portion of the selling and administrative expenses. However, this special order would not have a sales commission. If the order was accepted, the tires would be shipped overseas for an additional shipping cost of $7.50 per tire. In addition, Euro has made the order conditional on receiving European safety certification. Brightstone estimates that this certification would cost $165,000.
What is minimum price per unit that would be financially acceptable to Brightstone?
imagine that you are a member of group with 50 members. if 12 of you contribute to the provision of a public good, it will be provided. the cost of contributing is less than the benefit is worth. if you expect that 5 of your fellow group members (aside from you) will contribute, what is your best response?
Assuming you know that ten individuals from the gathering (beside yourself) will contribute, you shouldn't contribute .
What is a "Public Good"?A commodity or service that is made available to all members of a society is referred to as a "public good" in economics. These services are typically managed by governments and collectively funded by taxation.
Law enforcement, national defense, and the rule of law are examples of public goods. In addition, the term "public goods" refers to more fundamental necessities like access to clean air and water. The free-rider problem is a significant issue connected to public goods. It is possible for some members of society to use the good despite refusing to pay for it because public goods are made available to everyone, regardless of whether each individual pays for them. Turnstile jumpers on a subway system, for instance, are essentially taking a "free ride" on the revenues provided by those who pay taxes.
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Although Zappos has around 900,000 unique products in its warehouse, company executives think there is room for more. Zappos is utilizing ______ for this promotion.
Answer: email marketing
Explanation:
Email marketing is the act of promoting a business, a product or anything worth promoting or an exchange of mail. This emails are sent to existing and prospective customers either telling them of this new product or promoting existing goods and services. Zappos utilizes email marketing for this promotion.
2. Lessack Auctioneers advertised an auction sale that was open to the public and was to be conducted with a reserve price of $150. Gordon attended the auction and bid $100 for a work of art that was worth much more. No higher bid, however, was made. Lessack refused to sell the item for $100 and withdrew the item from the sale. Gordon claimed that because he was the highest bidder, Lessack was required to sell the item to him. Was he correct? Explain
Answer:
No
Explanation:
There was a reserve on the item which means the seller refuses to sell for a price lower then a certain price.
No, Gordon's claim is not correct because if the reserve price is not met, the seller is under no obligation to sell the item to the highest bidder. As a result, some buyers dislike reserve prices because they encourage bids that may not be successful.
What are the advantages of an auction?Through competitive bidding, an auction generates fair market value, allowing you, the buyer, to make an informed purchasing decision with a seller who is eager to sell. The market value is determined by buyers. Auctions allow for a quick purchase and eliminate the need for lengthy negotiations.
If a minimum bid is not met by any of the bids present at an auction, the auctioneer may 'pass in the property, which means that it has not sold. If this occurs, the winning bidder is usually decided to invite to start negotiating with the seller to see if the sale can still be completed.
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Describing Projected Growth for Accountants
The projected growth for accountants is expected to be steady in the coming years.
According to the Bureau of Labor Statistics, the employment of accountants and auditors is projected to grow 6 percent from 2018 to 2028, which is about as fast as the average for all occupations.
There are several factors contributing to this projected growth. One major factor is the increasing complexity of tax laws and regulations, which creates a higher demand for skilled accountants to help individuals and businesses navigate the tax landscape. Additionally, the globalization of business has led to an increase in demand for accountants who are well-versed in international accounting standards and can help companies navigate the complexities of cross-border transactions. Finally, the growth of technology has created new opportunities for accountants who are skilled in data analysis and can provide insights into financial data to help businesses make better decisions.
This growth can be attributed to globalization, a growing economy, and an increasingly complex tax and regulatory environment, leading to increased demand for accounting services.
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A tariff on imports benefits domestic producers of the imported good because.
A tariff is essentially a tax on imports, and its implementation would result in an increase in the price of the imported goods for consumers.
This price increase would benefit domestic producers of the same goods because they would face less competition from the foreign producers who now face higher prices due to the tariff. In other words, the tariff acts as a protective barrier for domestic producers, allowing them to sell their goods at higher prices, and therefore, increasing their profits.
Furthermore, the increase in profits for domestic producers would likely lead to an increase in their production and sales, which would result in the creation of new jobs and a boost in the economy. However, it is important to note that while the tariff may benefit domestic producers in the short term, it could also lead to retaliation from the foreign country, resulting in a trade war that could harm both economies in the long run.
Overall, the implementation of a tariff on imports can benefit domestic producers of the imported good by reducing foreign competition, increasing profits, and stimulating economic growth.
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Just out of curiosity... everyone doing okay???
Answer:
I am doing okay.
Explanation:
however, my homework is not so I’m not physically hurt but I’m annoyed at my teachers because I have 5 projects due on June 3rd or by June 3rd. I have no idea if I am going to Chicago on that day which is why I need to work with momentum.
with respect to network infrastructures, what type of cabling generally has the fastest transmission rate and highest immunity to electrical noise?
In general, fiber optic cable provides the highest electrical noise immunity and the fastest transmission rate.
Describe fiber optic cable?As light pulses pass through small glass tubes, fiber optic cable transfers data. Twisted pair cable's transmission capacity is 26,000 times lower than optical fiber cable's transmission capacity. Compared to conventional electrical lines, they can transmit data signals in the form of light over distances of hundreds of kilometers. The core, which carries the real light signal, and the cladding, which is a layer of glass around the core, make up the two layers of glass that make up fiber optic cable. Compared to the core, the cladding has a lower refractive index. Total Internal Reflection occurs within the core as a result. most fibers
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Can someone write a song for me please I want to make the name called by my side please write something
Answer:
I don't know much abt songs. but I hope u get it.
how old do you have to be to work at lululemon
Answer:
The minium age requirement to work there is 18
Annoying isn't it. When people purposely answer your question when they know it's completely useless. Kinda like how I specifically told people NOT to answer the questions I asked because I was doing an experiment, and every time I did that, two people purposely answered my question when they were told not to.
People are d. i. c. k. s.
Answer:
wow
Explanation:
I'm gonna type a random answer
a company had average total assets of $990,000. its gross sales were $1,122,000 and its net sales were $905,000. the company's total asset turnover equals:
The company's total asset turnover, which is 1.13, shows that it is making effective use of its assets to produce sales.
What is asset?A resource that belongs to a person or business and has a monetary worth is known as an asset. Examples include cash, stocks, bonds, real estate, machinery, intellectual property, and accounts receivable. Intangible assets like goodwill, brand awareness, and copyrights can also be considered assets. Current assets, which may be swiftly converted into cash, and long-term assets, which have a longer lifespan, are the two basic categories into which assets are traditionally separated.
Total Asset Turnover = Gross Sales / Average Total Assets
Total Asset Turnover = $1,122,000 / $990,000
Total Asset Turnover = 1.13
Total asset turnover is a metric for gauging how effectively a business uses its assets to drive revenue. It is computed by dividing the entire annual revenues of the company by the average annual total assets. In this instance, the company's gross revenues were $112,000 and its average total assets were $990,000. Accordingly, the company's total asset turnover is 1.13, which shows that it is making effective use of its assets to produce revenue.
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________ involves creating a video, e-mail, mobile message, advertisement, or other marketing event that is so infectious that customers will seek it out or pass it along to their friends
The means that involves creating a video, email, mobile message, advertisement, or another marketing event that is so infectious that customers will seek it out or pass it along to their friends is Viral Marketing.
What do you mean by marketing?Marketing refers to the activities undertaken by a company for promoting the buying or selling of a product.
Viral marketing refers to spreading information about any product or service from person to person by word of mouth or sharing via the internet or email.
Viral marketing will increase a company's reach and customer base.
Therefore, viral marketing is the correct choice.
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Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Which type of investment would be an example of an
investment at point B?
* a US savings bond
O a CD
O a stock
O a savings account
an economist would explain reece’s decision to be – because she – the prepaid cost, and made her decision based on the marginal benefit and cost of going. in economics these prepaid costs would be referred to as – costs, which are unrecoverable.
Answer:
An economist would explain Reece’s decision to be rational because she ignored the prepaid cost, and made her decision based on the marginal benefit and cost of going. In economics, these prepaid costs would be referred to as sunk costs, which are unrecoverable.
what are two responsibilities of a product manager?
Product managers have a wide range of responsibilities, but two common ones are:
Developing and managing the product roadmap.Launching and promoting the product.What is the primary function of a product manager?The primary function of a product manager is to define, develop, and manage a product or a product line from ideation to launch and beyond. The product manager is responsible for understanding the market, the customer needs, and the competitive landscape, and translating that knowledge into a product strategy and roadmap that aligns with the company's goals and objectives.
The product manager works closely with cross-functional teams, including engineering, design, marketing, sales, and customer support, to ensure that the product meets customer needs, is delivered on time, and meets revenue and profitability targets. They are also responsible for identifying new opportunities for growth and innovation, and for making decisions on product features, pricing, and positioning to maximize the product's success in the market.
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What should you, the worker, be aware of with regard to evacuation procedures at your workplace?
(select two answers)
(a) when you get back into the building
(b) evacuation plans
(c) what to do when the emergency has passed
(d) how long the emergencies will last
With regard to evacuation what one has to be aware of would be
evacuation planshow long the emergencies will lastWhat is meant by evacuation?This is the term that is used to refer to all that would have to be done in order to get all the occupants of a building out of it due to an emergency that is occurring in the building. The need for evacuation is often due to emergency that could cause a loss of life. An example of such incidence would during a fire outbreak.
Hence we can say that With regard to evacuation what one has to be aware of would be
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The development of market power by a firm is considered to be a market failure because firms with market power will
innovation and learning perspective of the balanced scorecard focuses on
The innovation and learning perspective in the scorecard model involves how the business can foster ongoing change and continuous improvement through activities improving like training hours per employee, hiring process effectiveness, and revenue per employee.
Now, According to the question:
What is innovation and learning perspective balanced scorecard?
The innovation and learning perspective in the scorecard model involves how the business can foster ongoing change and continuous improvement through activities improving like training hours per employee, hiring process effectiveness, and revenue per employee.
What does the balanced scorecard focuses on?
The balanced scorecard involves measuring four main aspects of a business: Learning and growth, business processes, customers, and finance. BSCs allow companies to pool information in a single report, to provide information into service and quality in addition to financial performance, and to help improve efficiencies.
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