The correct answer is A. $290,000 Net Sales; $158,000 Profit.
The Net Sales can be calculated by subtracting the Customer Returns from the Gross Sales: Net Sales = Gross Sales - Customer Returns
Net Sales = $350,000 - $60,000
Net Sales = $290,000
The Gross Margin can be calculated by subtracting the Cost of Merchandise Sold from the Net Sales: Gross Margin = Net Sales - Cost of Merchandise Sold
Gross Margin = $290,000 - $125,000
Gross Margin = $165,000
The Profit can be calculated by subtracting the Expenses from the Gross Margin:
Profit = Gross Margin - Expenses
Profit = $165,000 - $127,000
Profit = $38,000
Therefore, the correct answer is A. $290,000 Net Sales; $158,000 Profit.
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-+42.+a+sample+of+3+medicine+bottles+is+taken+from+an+injection+molding+machine+that+is+10%+nonconforming.+what+is+the+probability+of+1+nonconforming+medicine+bottle+in+the+sample?
In statistics, quality assurance, and survey methodology, sampling is the selection of a subset of individuals from within a statistical population to estimate the characteristics of the whole population. Statisticians attempt to collect samples that are representative of the population in question.
34. This will be a binomial experiment with parameters:
n = 9, p = 0.15
q = 1 - p = 1 - 0.15 = 0.85
Hence,
P(2 or less nonconforming)
= P(x = 0) + P(x = 1) + P(x = 2)
= \binom{9}{0}(0.15)^0 (0.85)^9 + \binom{9}{1}(0.15)^1 (0.85)^8 + \binom{9}{2}(0.15)^2 (0.85)^7
= 0.8591
42. This will be a binomial experiment with parameters:
n = 3, p = 0.1
q = 1 - p = 1 - 0.1 = 0.9
Hence,
P(1 nonconforming medicine bottle)
= P(X = 1)
= \binom{3}{1}(0.1)^1 (0.9)^2
= 0.243
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Vanguard has been particularly effective in managing which of the following value chain cost drivers? Multiple Choice A) economies of scale, learning and experience, capacity utilization, communication systems, and information technology B) capacity utilization, outsourcing, bargaining power, and labor productivity C) production technology and design, outsourcing or vertical integration, learning and experience, and capacity utilization D) labor productivity and compensation costs, economies of scale, bargaining power, and input costs E) bargaining power, outsourcing, labor productivity, and learning and experience
The answer is A) economies of scale, learning and experience, capacity utilization, communication systems, and information technology. Vanguard has been particularly effective in managing these aspects and hence the correct answer is option A.
Describe technology.Technology, or as it is sometimes referred to, the modification and manipulation of the human environment, is the application of scientific knowledge to the practical goals of human life.
What are the definition and examples of technology?Technology is the term for practices, frameworks, and tools that come from the application of scientific knowledge to real-world problems. Technology is developing quickly. They should be permitted to wait for the creation of less expensive technologies, such as nuclear weapons technology.
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Bakery has bought 250 pounds of muffin dough. They want to make waffles or muffins in half-dozen packs out of it. Half a dozen of muffins requires 1 lb of dough and a pack of waffles uses 3/4 lb of dough. It take bakers 6 minutes to make a half-dozen of waffles and 3 minutes to make a half-dozen of muffins. Their profit will be $1.50 on each pack of waffles and $2.00 on each pack of muffins. How many of each should they make to maximize profit, if they have just 20 hours to do everything?
Answer and Explanation:
The number of packets of waffles is W
and the number of muffins are M
The weight of dough is 250 pound and a pack of muffins requires 1 lb of dough whereas a pack of waffles uses 3/4 lb of dough.
3÷4W+M≤250
Multiplying both sides by 4
3W+4M≤1000
It takes bakers 6 minutes to make a packer of waffles and 3 minutes to make a pack of muffins, the total time available is 20 hours or 1200 minutes.
3M+6M≤1200
Minus the initial equation from the new equation:
(3M+6M≤1200)−(3W+4M≤1000)
2M≤200
Dividing equation by 2
M≤100
For M≤100
3W+4M≤1000
3W≤1000−4M
For the Maximum values of M
the least value of W is obtained
3W≥1000−4×100
3W≥600
Dividing the equation by 3
W≥300
For maximum profit, the number of waffles and muffins is taken as 300 and 100 respectively :
1.5∗300+2∗100
=650
In the résumé above, what would cause appearance of the "00000000000"?
The “ 00000000000” on the résumé could be an error, but I believe that it means that they do not have any experience and/or objectives.
(Edit): Hi! I just completed my test and I got a 100 by using this
The resumes were scanned, and the formatting changed the way they looked when they were converted to text. Under "Objective" in this instance, there was an underlining that changed to "000000000000."
What is Formatting ?
The presentation or appearance of your essay is referred to as formatting. Layout is another term for formatting. Headings, regular paragraphs, quotations, and bibliographic references are the four text types that the majority of essays use. Both endnotes and footnotes are acceptable.
If the paper is double or single spaced, where the page numbers are placed, and whether a cover page is included or not are examples of formatting. Different formatting conventions call for different sets of rules.
By dividing information into sections and giving them headings, emphasizing essential phrases or concepts using bold, italics, or lists, and generating a strong first impression, formatting also increases the reader's accessibility to the content (professional look and feel, appropriate font choice for the document type).
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In 1994, president Clinton said the new trade agreements would create a market for American products in China. What happened to the American companies after opening trade with China?
Answer:
- US retailers costs decreased and their profits increased
- US suppliers moved production to China and sell to America
Explanation:
In the year 1994, the diplomatic relation between the United States and the People's Republic of China strengthened and they reestablished their positions. They then signed a bilateral trade agreement which opened the markets of China for the American products.
But things turned out differently as they were envisaged in the Chinese markets. The American' trade did not lived up to the expectations in the Chinese markets. China was a tough market for small and medium sized companies of America. The retailers of the US decreased in costs and the China's profit increased. Also the suppliers of he US moved to the production of China and they in turn sell to the American market.
Which of these is generally considered to be best?
a. Non-refundable credit
b. Above the line deduction
c. Below the line deduction
d. Refundable credit.
The refundable credit is generally considered to be the best.
The refundable credit provides the taxpayers with the greatest possible benefit that they can obtain from tax credits. However, the nonrefundable credit, as well as the tax deduction, do not provide the taxpayers with any cashback, unlike refundable credit, which gives a portion of the credit back to the taxpayers, even if the credit exceeds the taxpayer’s tax liability. The refundable credit is intended to benefit lower-income taxpayers. If the amount of credit exceeds a taxpayer’s tax liability, then the difference will be refunded to the taxpayer in cash. The most common examples of refundable credits are the Earned Income Tax Credit (EITC) and the Additional Child Tax Credit (ACTC). The refundable credit can help taxpayers who don't owe taxes to the government. Refundable tax credits can be reimbursed to taxpayers even if they do not owe income tax. Refundable tax credits, which are calculated on a per-child basis, are normally linked to the taxpayer's income. If the credit exceeds the tax owed, the taxpayer is entitled to a refund for the extra amount. The most significant refundable tax credits are the Earned Income Tax Credit and the Additional Child Tax Credit, which are targeted at low- to middle-income families. The American Opportunity Tax Credit and the Premium Tax Credit are two other refundable credits available to taxpayers.
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How does insurance fraud create higher overall prices for everyone?
Ya girl is stuck, i need help
Answer:
Auto insurance fraud affects all drivers because insurance companies determine their rates, at least partially, based on losses.
the supply curve is upward-sloping because higher prices ________.
The increasing slope of the supply curve results from suppliers' ability to justify production at increasing marginal costs as prices rise.
Why does the supply curve slope upward when prices are higher?The supply curve dips higher because a corporation would typically be more inclined to produce a good as its price increases. The cost of production also tends to climb as output increases because businesses were efficient and would use up the cheapest producing inputs first.
Why does supply grow as prices rise?The inclination is to expand supply when prices rise since there is more profits to be made. Conversely, as prices drop, producers often cut back on their output because there are fewer opportunities to make money.
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Draco has repeatedly noticed that his boss has asked him to commit fraud. Many times, his boss has asked Draco to overstate the value of their company to convince investors to give them money. Draco decides to confront his boss. When he does, his boss gets mad, puts Draco on indefinite leave, and immediate begins to search for his replacement. Where would Draco fall on the Chaleff typology, which categorizes followers using axes of courage to challenge and support leaders? Parther Individualist implementer Resource Conformist Sometimes, toxic leaders in organizations allow fraudulent or illegal behavior to occur. People follow toxic leaders for many reasons, including fear of social death. Whistleblowers stand up to toxic leaders when they uncover such behavior. The consequences of "blowing the whistle" often provide evidence that people's fears or needs about standing up to toxic leaders are valid. Which of the following aspects of a "social death" were substantiated in Linda Almonte's story? She was fired from her organization. She was blackballed within her field. She literally died (as in. she is no longer alive). A and B only A, B, and C rough patch at home. Catherine affirmed that she is committed to her job and the team, but that her attendance and participation may be spotty for the next couple of weeks. Catherine asked for Jaime's understanding and that Jaime not reveal her issues to the team. Jaime has not decided whether to punish Catherine for her potential absences from work, but Jaime has decided to keep Catherine's disclosure confidential. Jaime will not tell Kilda or Hector about Catherine's personal issues. Which of the following statements best describes Jamie's leadership, according to Principles of Ethical Leadership? Jaime's leadership is unethical because it does not show justice. Jaime's leadership is ethical because it shows justice, Jaime's leadership is unethical because it does not manifest honesty. Jaime's leadership is ethical because it manifests honesty. Jaime's leadership is ethical becau's Jaime has reasoned according to the Virtuous Traits approach.
Draco would fall under the Individualist category in the Chaleff typology. This category represents followers who have the courage to challenge their leaders but may not necessarily provide support. Draco confronted his boss about the fraudulent behavior, demonstrating his courage to challenge the unethical actions. However, his boss's negative response and subsequent actions indicate that Draco did not receive support from his leader.
In Linda Almonte's story, the consequences she faced substantiated aspects of a "social death." She was fired from her organization, which demonstrates the loss of her professional standing. Additionally, she was blackballed within her field, indicating the negative impact on her reputation and future career prospects. While the option "she literally died" may seem like a possibility, it is not mentioned in the information provided.
In the scenario with Jaime, their leadership is ethical because it manifests honesty. Jaime has decided to keep Catherine's disclosure confidential, respecting her privacy and maintaining trust. Although Jaime has not yet decided whether to punish Catherine for potential absences, the decision to keep the disclosure confidential aligns with principles of ethical leadership, particularly honesty and trustworthiness.
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A company's balance sheet has total assets of $400 000 and total equity of $350 000.
A corporation has $726 000 in assets and $213 000 in liabilities. Equity is $5,13,000 in total.
Equity: What Is It?When discussing assets of the company with future liabilities, such as debts, we use the term equity. Liabilities are subtracted from asset values to determine equity for accounting purposes. Equity is the amount that would remain in the hands of a company's shareholders after all of its assets have been sold and all of its debts have been paid. The amount of possession as remains in a business or item after all debts connected to that commodity have been settled is also known as equity.
Equity in Example: What is it?Liabilities can be deducted from assets to calculate equity.
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The transfer of ownership without receiving anything in return is called a gift.
TRUE
FALSE
The statement "The transfer of ownership without receiving anything in return is called a gift" is True because, it captures the essence of what a gift represents and the general process involved in its transfer.
A gift refers to a voluntary transfer of property or assets from one individual or entity to another without expecting any form of compensation or benefit in return. This type of transaction is often a sign of goodwill, generosity, or affection between the giver and the recipient.
Gifts can come in various forms, such as tangible items, money, or even intangible assets like intellectual property. The process of giving a gift usually involves the donor willingly giving up their ownership rights to the recipient, who then becomes the new owner of the gift.
In many jurisdictions, there are specific legal requirements and tax implications associated with the transfer of gifts, especially when it comes to large sums of money or valuable property.
In summary, a gift is the transfer of ownership without receiving anything in return, reflecting a voluntary and generous act by the donor. This statement is true, as it captures the essence of what a gift represents and the general process involved in its transfer.
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Can you tell me about the standardization and adaptation rules for a specific product in the international market that you know?
The standardization and adaptation rules for a specific product in the international market depend on various factors such as the nature of the product, target market characteristics, cultural differences, legal requirements, and competition.
While standardization aims to offer the same product globally, adaptation involves modifying the product to suit local preferences and requirements.
The decision to standardize or adapt a product in the international market depends on several considerations. Standardization may be preferred when the product has universal appeal, there are minimal cultural differences, and cost efficiency is crucial. This approach allows for economies of scale and consistent branding.
On the other hand, adaptation becomes necessary when there are significant cultural variations, diverse consumer preferences, or legal and regulatory constraints in the target market.
Adapting the product involves customizing features, packaging, branding, marketing messages, and even pricing to align with local preferences and market conditions.
The choice between standardization and adaptation is often a strategic decision made by companies based on market research, consumer insights, and competitive analysis.
It is important to find the right balance between offering a consistent global brand image and tailoring the product to meet local needs in order to maximize market penetration and customer satisfaction.
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Which buyer type has an open mind and tends to take chances on new products without hesitation?
a. ready buyer
b. logical buyer
c. stubborn buyer
d. emotional buyer
Answer:
A
Explanation:
a store has the following demand figures for the last four years: year demand 1 100 2 150 3 98 4 112 with a three-year moving average, what is the demand forecast for year 4?
The demand forecast for year 4, given the three-year moving average for the store, would be 120
How to find the demand forecast?When finding the demand forecast for a company's activities in a year, by using the moving average method, you find the average of the activities in the number of years required by the moving average.
With a three-year moving average, you find the average of the demand figures from the previous 3 years which would be :
= ( 112 + 98 + 150 ) / 3 years
= 360 / 3
= 120
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Disadvantages of choosing a job that is extremely popular or in demand
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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What would it mean to you and/or your family to be a part of Career Source Tampa Bay's 2021 Summer Job Connection program? What do you hope to take away from the program?
Answer:
It is job connection program organized by Career Source Tampa Bay for the youths of Hillsborough. It provides a platform for the unemployed youths of Hillsborough to connect themselves to the potential employers by learning new skills and experiences.
Explanation:
Career Source Tampa Bay is organizing a summer youth job connection program for the year 2021 for the youths of the Hillsborough County. It is summer job connection program for the youth who are aged between 16 to 24. It is organized by Career Source Tampa Bay.
It provides an opportunity for the youths and prepare them with skills and know how about the targeted jobs. It introduces them to real work filed and exposes them to new ideas and experiences and the potential career paths for the future jobs.
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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Which of the following are examples of automatic stabilizers? Check all that apply. As corporate profits rise during an economic expansion, corporate income tax revenues rise. As people earn higher incomes during an expansion, the progressive tax system requires them to pay higher average tax rates. As unemployment falls during an expansion, unemployment insurance payments decline. In 2001, partly in response to a recession, Congress enacted lower income tax rates and increased tax exemptions for married couples.
Answer:
As people earn higher incomes during an expansion, the progressive tax system requires them to pay higher average tax rates
Explanation:
Automatic stabilizers are stabilizers that adjust the economy automatically without the intervention of external agents . examples include progressive tax and transfer payments
In an expansion, progressive tax increases the tax paid and this reduces disposable income
In a contraction, tax paid is reduced and this increases disposable income
The following are the correct examples of automatic stabilizers:
As unemployment falls during an expansion, unemployment insurance payments decline.As people earn higher incomes during an expansion, the progressive tax system requires them to pay higher average tax rates As corporate profits rise during an economic expansion, corporate income tax revenues rise.Thus, options (a),(b), and (c) are the correct answers.
Automatic stabilizers are a sort of fiscal policy intended to counteract changes in a country's economic activity over the course of its regular operation without extra, timely approval by the government or policymakers.
Keynesian economics favors automatic stabilizers as a sort of fiscal policy to address economic downturns and recessions.Governments frequently supplement automatic stabilizers in the event of severe or protracted economic downturns with one-time or short-term stimulus measures in an effort to kick-start the economy.Therefore,
As unemployment falls during an expansion, unemployment insurance payments decline.As people earn higher incomes during an expansion, the progressive tax system requires them to pay higher average tax rates As corporate profits rise during an economic expansion, corporate income tax revenues rise.Thus, options (a),(b), and (c) are the correct answers.
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How is it best to get rid of information you receive in the mail?
A Tear the mail in half and place each half in a different trash bag
B Just throw it way, thieves don't dig through trash
C Use a shredder before placing it in the trash
D Mark out all personal information with a marker
For a perfectly competitive market to function properly, which of the following must buyers and sellers have access to?
Sufficient technology
Uncompetitive products
Economies of scale
Adequate information
Answer:
Adequate information
Explanation:
Both the buyers and sellers must have access to adequate information. Information are both vital for both the buyers and sellers. For the buyer, it influences their decision making and buying choice. For the seller, it helps them to know the trending buyer need. Hence, for a perfectly competitive market to function well, the buyer and seller must have access to adequate information.
What are three types of opportunities for sharing a sound basis for diversification or vertical integration? Give an example of each from companies you have read and or researched. 250 words please
Three types of opportunities for sharing a sound basis for diversification or vertical integration are strategic alliances, mergers and acquisitions, and joint ventures.
What are three types of opportunities for leveraging a sound basis for diversification or vertical integration?Three types of opportunities for sharing a sound basis for diversification or vertical integration are strategic alliances, mergers and acquisitions, and joint ventures. These approaches provide companies with avenues to expand their business, diversify their offerings, and achieve synergistic benefits.
Strategic alliances involve collaboration between two or more companies to achieve a common goal. By pooling their resources and expertise, companies can leverage each other's strengths and tap into new markets or technologies. For instance, in the technology industry, Microsoft and Intel formed a strategic alliance to collaborate on developing and promoting new hardware and software technologies. This partnership allowed both companies to share knowledge, enhance their competitive advantage, and provide innovative solutions to customers.
Mergers and acquisitions involve the combination of operations through either a merger or the acquisition of one company by another. These approaches enable companies to expand their market reach, diversify their product lines, and gain access to new capabilities. An example is the merger between Disney and Pixar, which allowed Disney to diversify its animation capabilities and gain access to Pixar's creative talent and successful franchises. Through this merger, Disney expanded its portfolio of beloved animated films, strengthening its position in the entertainment industry.
Joint ventures involve the creation of a new entity by two or more companies, where they share resources, risks, and profits. This collaborative approach allows companies to pursue opportunities that require significant investments or expertise. For example, the partnership between Toyota and Subaru in developing and manufacturing the Subaru BRZ and Toyota 86 sports cars is a joint venture. By joining forces, both companies were able to leverage their strengths, reduce development costs, and enter the sports car market more effectively.
In summary, strategic alliances, mergers and acquisitions, and joint ventures offer companies various opportunities for sharing a sound basis for diversification or vertical integration. These approaches foster collaboration, resource-sharing, and risk-sharing, enabling companies to expand their business, diversify their offerings, and achieve greater success in the marketplace.
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Can someone help me with these questions..please1. When the Federal Reserve Board sells government securities, theMultiple Choicemoney supply and economic activity decrease.money supply and economic activity increase.property taxes increase.property taxes decrease.money supply in the market becomes stable.2. Priya wants to purchase a weighted blanket but decides to postpone the purchase and save her money to do so. She feels good about this decision and is not worried that the value of her money will decline from one day to the next. To which of the following characteristics of money does this scenario relate?Multiple Choicedivisibilityimitabilityacceptabilitystabilityportability3. Jacob, a business student, registered for a class that focused on how money is managed by individuals, companies, and governments. What type of class did Jacob register for?Multiple Choiceaccountingbankingfinanceeconomicsbudgeting
The Federal Reserve Board sells government securities the money supply in the economy and activity decreases.
Priya wants to purchase a weighted blanket but decides to postpone the purchase and save her money to do so. She feels good about this decision and is not worried that the value of her money will decline from one day to the next. To which of the following characteristics of money does this scenario relate Stability.
Type of class did Jacob register for Finance.
When the Fed buys securities at the open marketplace, coins is transferred to those banks, growing the nation's cash supply. Conversely, while the Fed sells authorities securities, those banks have much less coins to be had to them – a lower withinside the nation's cash supply.
The Fed makes use of open marketplace operations to shop for or promote securities to banks. When the Fed buys securities, they deliver banks extra cash to maintain as reserves on their stability sheet. When the Fed sells securities, they take cash from banks and decrease the cash supply.
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They have fixed costs of £200 per month Each item's raw materials cost £50 The items sell for £150 each
What is the Break Even Point for the business?
Answer:
2 unit
Explanation:
The break-even point is that point at which a business makes no profit after settling all the necessary fixed cost for the period. It is the point preceding profit making at which costs are recovered
It is calculated by dividing the fixed costs with the sales revenue less the variable cost per unit of an item.
Workings
Fixed cost = 200
Selling price = 150
Variable cost = 50
Break even point = 200/(150-50)
=2 units
Any sales below this ends up in a loss as the fixed cost will not be fully recovered.
I need Welp Help help Help help
I am 2 weeks late do you still need help with this assignment?
Answer:
Hello do you still need help with this?
Explanation:
You should inform the person who is writing your letter of recommendation of
all of the following things except
A. where you are applying and why.
B. when the letter is due.
C. what you would like him or her to write.
D. what type of financial aid you are seeking.
Answer:
D.what type of financial aid you are seeking
What is the minimum amount they would have saved if they paid cash? (hint: think about their original intended purchase) Please explain how you calculated your answer
First, we need to determine the cost of the original intended purchase. This is the amount that would have been paid if no changes were made to the planned transaction. Let's call this amount "A."
Next, we need to know the actual amount paid when using cash. This is the sum that was paid after considering any discounts or price reductions for using cash as the payment method. Let's call this amount "B."
To find the minimum amount saved by paying in cash, we will subtract the actual amount paid (B) from the original intended purchase amount (A). In other words:
Minimum amount saved = A - B
Keep in mind that this calculation assumes there were no additional costs or fees associated with using cash. By understanding the difference between the original intended purchase amount and the actual amount paid when using cash, we can effectively determine the minimum amount saved through this payment method.
In summary, to calculate the minimum amount saved when paying in cash, subtract the actual amount paid (B) from the original intended purchase amount (A). This will give you the minimum savings achieved by choosing to pay with cash instead of another payment method.
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life-stage segmentation allows marketers to create targeted, actionable, and campaigns based on how people consume and interact with brands. a) inexpensive b) professional c) multimedia d) social media e) personalized
Life-stage segmentation allows marketers to create targeted, actionable, and effective campaigns based on how people consume and interact with brands.
This type of segmentation divides customers into different categories based on their current life stages, such as age, gender, family structure, and income. These segments are then used to create customized strategies that can effectively reach the desired target audience. Marketers can utilize different strategies such as inexpensive advertising, professional marketing materials, multimedia campaigns, social media engagement, and personalized interactions to reach these segments.
For example, a company targeting young adults might use inexpensive digital ads, while a company targeting an older demographic might use more traditional print materials. Social media campaigns can also be used to target specific segments and create a more personal connection with the brand.By leveraging life-stage segmentation, companies can effectively tailor their campaigns and create meaningful relationships with their target customers. This type of segmentation helps marketers to develop more effective and actionable campaigns that speak directly to their desired audiences.
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if you invest $8,500 per period for the following number of periods, how much would you have in each of the following instances? use appendix c as an approximate answer, but calculate your final answer using the formula and financial calculator methods. a. in 12 years at 10 percent? (do not round intermediate calculations. round your final answer to 2 decimal places.)
If you invest $8,500 per period for 12 years at 10 percent, how much you would have can be calculated using the formula and financial calculator methods.
Using Appendix C as an approximate answer, we can see that the future value factor for 12 years at 10 percent is 3.1059. Therefore, the approximate answer is:
Approximate answer = $8,500 x 3.1059 = $26,407.15
However, to get the exact answer, we need to use the formula and financial calculator methods.
Formula method:
Future value = Present value x (1 + rate)^n
where,
rate = 10% per year
n = 12 years
Present value = $8,500 per period
Future value = ?
Using this formula, we can calculate the future value as:
Future value = $8,500 x (1 + 0.10)^12 = $28,541.17
Therefore, if you invest $8,500 per period for 12 years at 10 percent, you would have $28,541.17.
Financial calculator method:
We can also use a financial calculator to calculate the future value. The steps are:
1. Enter 12 for n (number of periods)
2. Enter 10 for i (interest rate)
3. Enter -8500 for PMT (payment or deposit per period)
4. Press FV (future value)
The answer will be $28,541.17, which is the same as the answer we got using the formula method.
Therefore, if you invest $8,500 per period for 12 years at 10 percent, you would have $28,541.17.
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Where is the main Federal Reserve Bank located?
please mark me brilliance
What is the marginal revenue and marginal cost for this diagram?
What type of market is this? Explain your answer
Marginal revenue :
2060120200300420560Marginal cost :
108210192640It is a Monopolistic market structure because marginal revenue is greater than the marginal cost.
Marginal Revenue is the increase in the revenue by selling one extra product in the market. It is calculated by the Change in revenue divided by the change in output.
Marginal cost is the change in cost by producing one extra unit of output. It is calculated by a change in cost divided by the change in units.
Monopolistic market structure is where there are multiple companies producing similar products in the market.Example for monopolistic structure can be a grocery store.
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