The amount of money in the account after 30 years is $22,903.61.
Calculate the compound interest rate
Compound interest rate (r) = 3.5% = 0.035
Determine the number of years (t)
Number of years (t) = 30
Compute the amount of money in the account
Amount of money (A) = 7000 × e^(0.035 × 30)
A = 7000 × e^1.05
A = 7000 × 2.9036083
A = 20,903.61
After 30 years, the account contains $22, 903.61 in funds. Using the compound interest formula, this is determined as A = 7000 × e^(0.035 × 30).
Complete Question:
Suppose $7,000 is deposited into an account paying 3.5% interest, compounded continuously. How much money is in the account after 30 years if no withdrawals or additional deposits are made?
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Taco Bell fast-food restaurant does not chop the lettuce and tomatoes and grate the cheese used to make its menu items, but hires someone outside the restaurant to perform these tasks. By _____ these tasks, Taco Bell can keep its overhead low and concentrate its resources on taking customer orders and assembling food.
A. outsondling.
B. unbundling.
C. remarketing.
D. demarketing.
E. insourcing.
If the company hires someone outside the restaurant to perform these tasks. By outsourcing these tasks, Taco Bell can keep its overhead low and concentrate its resources on taking customer orders and assembling food.
What is outsourcing?Outsourcing can be defined as the way in which a company or an organization decide to employ someone from outside of their organization to work from them.
Example a company can decide to outsource a person to work for them if they have too many uncompleted tasks to complete or when they have limited staff.
Therefore we can conclude that outsourcing has to do with recruiting someone outside a workplace.
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Gertrude takes out a $5,500 subsidized stafford loan, which must be paid back in ten years. Gertrude will graduate four years after taking out the loan. If the loan has an interest rate of 6. 8%, compounded monthly, and gertrude makes monthly payments, how much interest will she pay by the time the loan is repaid? round all dollar values to the nearest cent. A. $4,462. 40 b. $1,213. 28 c. $1,713. 69 d. $2,094. 80 please select the best answer from the choices provided a b c d.
The interest that should be paid by her will be A. $4,462.40. To answer this question you can use the future value concept.
Future value means the amount that will get in the future. The amount or value that you will be gotten is come from your investment.
To calculate the interest Gertrude will pay, you can use the formula for the future value of a loan:
FV = PV (1 + r)ⁿ
where:
FV = future value (the total amount Gertrude will pay back, including interest)
PV = present value (the amount of the loan, $5,500)
r = annual interest rate (6.8%, expressed as a decimal)
n = number of periods (in this case, the number of months, which is 120 because 10 years x 12 months/year)
First you need to convert the annual interest rate to a monthly interest rate, which is (6.8/12) = 0.57%
then FV = PV(1+r)ⁿ
FV = 5500(1+0.57/100)¹²⁰ = $10,462.40
Now you can subtract the original loan amount to find the amount of interest paid:
$10,462.40 - $5,500 = $4,962.40
Rounded to the nearest cent, the answer is A. $4,462.40
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20. One way the federal government can control inflation is to increase
A) the money supply.
B) public spending.
C) the tax rate.
D) bank regulation
One way the federal government can control inflation is to increase public spending.
Therefore, Option B is the correct option.
What is Inflation?In the field of economics, inflation is the broad term for a rise in the cost of goods and services across an economy. Each unit of currency may purchase fewer products and services as the general price level rises, hence inflation is associated with a decline in the purchasing power of money.
In conclusion, inflation is the term used to describe a long-term, widespread increase in the cost of goods and services throughout the economy, which reduces both consumer and company purchasing power. In other words, a dollar (or whatever currency you choose to pay with) will not buy as much today as it did yesterday.
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Risky Business Insurance Company insures business clients against unexpected disasters such as tornadoes and floods. The company operates in several regions in the U.S., and negotiates contracts following standard insurance industry guidelines. A strategic business guideline that the company would follow is
A strategic business guideline that the company would follow is: C. The company's clients should be dispersed among several geographic areas so that the lack of natural disasters in some areas will compensate for more natural disasters in other areas.
What is insurance?Insurance can be defined as the coverage that help to cover expenses or cost incase of unforeseen or unexpected circumstances such as fire accident, theft etc.
Hence, the strategic business guideline that the company would follow is option C which stated that the company's clients should be dispersed among several geographic areas so that the lack of natural disasters in some areas will compensate for more natural disasters in other areas.
The missing options are:
A. The amount of loss should be equal to or less than a loss covered by a competitor company.
B. There should be documentation that clearly attests to the fact that the loss of buildings, equipment, and even lives is not measurable.
C. The company's clients should be dispersed among several geographic areas so that the lack of natural disasters in some areas will compensate for more natural disasters in other areas.
D. All insurance companies that sell similar insurance would equally divide the number of claims, so as not to compete unfairly against each other.
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Indicate which situations would require Zenda Company to record revenue in the current period.
Answer:
c & d
Explanation:
Option includes "a. Zenda is paid in advance for services to be performed in the next period. b. Zenda signs a contract with a customer to perform services in a future period. c. Zenda performs services for cash. d. Zenda performs services on account."
Only Zenda Company performance of services for cash and on account will be recognized and will be recorded as revenue in the current period.
an applicant has held a real estate license in good standing in another state since 2019. the applicant is licensed in a state that has a mutual recognition agreement with florida. five months ago, the license applicant moved to orlando, florida. is this licensee eligible to apply for a florida real estate license under mutual recognition?
An applicant who has held an active Florida sales associate license during two of the preceding five years while employed by a broker is the correct option.
The broker must follow all of the instructions in the option document, disclose in writing that the license holder is a broker or sales agent, and refrain from using the license holder's knowledge against the seller.Although it is not against the law for a license holder to purchase a listing that he came across while acting as an agent, the law requires that he not use his knowledge in a way that would be detrimental to the seller. The license holder must also disclose his or her licensing status in writing to the seller and provide a broker price opinion or comparative market analysis regarding the property.To know more about licensing refer here
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Which person does NOT meet the experience requirements to obtain a Florida broker's license?
a. An applicant who has held an active California broker's license for the preceding three years
b. An applicant who has held an active Ohio sales associate license during four of the preceding five years while employed by an Ohio broker
c. An applicant who has held an active Florida sales associate license for the preceding two years while employed by a Florida broker
d. An applicant who has held an active Florida sales associate license during two of the preceding five years while employed by a broker
How important is money
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
how do you manage scarce resources?
By setting the rations ahead of time and sticking to the intended plan as best as possible. Understand your limits to know how to measure the resources.
identify the element that is associated with excess inventory? A. Storage space and transportation vehiclesB. Machine downtime and lack of partsC. Repair and reworkD. Poke-yoka devices
Excess inventory is associated with the element of storage space and transportation vehicles.
Excess inventory refers to a situation where a company holds more inventory than is necessary to meet customer demand. This can lead to various issues, including increased storage costs, obsolescence, and reduced cash flow. The element associated with excess inventory is the availability of storage space and transportation vehicles. When a company accumulates excess inventory, it requires additional space to store the surplus goods. Moreover, transportation vehicles are needed to move the excess inventory from the storage facilities to the desired locations. Therefore, effective management of storage space and transportation vehicles is crucial to avoid excess inventory and maintain efficient inventory levels.
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the primary risk from incineration is the risk of contaminants leaching from the ash. group of answer choices true false
the primary risk from incineration is the risk of contaminants leaching from the ash is true
What four issues are related to incineration?The practise of incinerating waste, or burning waste, is a popular way to get rid of waste. The amount of trash can be reduced using this technique, but there are some possible dangers. For instance, improper combustion management can result in the production of dangerous byproducts like dioxins, furans, and heavy metals.In addition, some of these dangerous byproducts may be present in the ash produced by the incineration process, and if handled improperly, these toxins may leak into the environment. Therefore, improper management of incineration could result in air and water contamination.Incineration facilities must follow stringent environmental standards and utilise appropriate containment and treatment systems to make sure that dangerous chemicals are not released into the environment in order to limit these hazards.To learn more about incineration refer to:
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1. What and why is "stock" so important in the cooking process? 2. List the different types or varieties of stock? 3. List 3 types of vegetable cuts? 4. What is Vinaigrette dressing? 5. What is the ra
"Stock is a fundamental ingredient in cooking due to its ability to enhance flavors and provide a rich, savory base for various dishes."
Stock plays a crucial role in the cooking process for several reasons. Firstly, it acts as a flavor enhancer, adding depth and complexity to dishes. Stock is typically made by simmering bones, meat, vegetables, and aromatics in water over an extended period, which extracts their flavors and imparts them into the liquid. The resulting stock becomes a concentrated essence that can elevate the taste of soups, stews, sauces, and more.
Secondly, stock serves as a foundation for building other recipes. Many dishes start with a base of stock, which provides a well-rounded flavor profile and a luscious mouthfeel. It acts as a canvas for other ingredients, allowing them to meld together harmoniously. For example, a chicken stock forms the base for chicken noodle soup, providing a savory backdrop for the chicken, vegetables, and noodles to shine.
Lastly, stock contributes to the overall texture of a dish. The gelatinous components extracted from bones during the simmering process lend body and silkiness to sauces and reductions. This natural thickening quality helps create a pleasing mouthfeel and adds a velvety richness to gravies and braises.
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Influence of oppurtunity cost on decision makers(economic agents).i dont understand this topic can somebody help me? Thank you
Hi. An explanation of your question is typed below. Take your time to read and understand it. I will make it as simple as possible.
Explanation:
Opportunity cost can be defined as the cost of an alternative forgone when choice is made. This can be simply defined as the cost of something that is left undone as when a choice is made between 2 things to do.
An example is having to choose between going for a vacation or buy a PS5. When yo decide to go for the vacation, the opportunity cost is the PS5. That means you would rather go on a vacation that get a PS5. This can be due to a number of reasons but more often than not, money is usually the factor for making decisions.
That is the money you have at hand decides what you do with it. If you feel you vacation will not be as expensive as getting a PS5, this makes getting the PS5 delayed till the vacation is out of the way.
Other determinants of decision making thta transcends/goes beyond money includes; energy loss, time loss, etc.
These factors alongside money help to determine the opportunity cost.
I trust that you have an idea now about opportunity cost and how decision makers affects it. Cheers.
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Which action would effectively and appropriately address a budget deficit?
A. reduce income
B. reduce expenses
C. apply for bankruptcy
D. apply for new credit
Answer:
It is letter B
Explanation:
Reducing expenses would effectively and appropriately address a budget deficit. Thus option B is correct.
What is the budget?A budget is a financial plan that projects future earnings and costs. A budget, put simply, forecasts future finances in addition to anticipated revenues and expenditures. Calculating the company's earnings and costs for a set period of time is the procedure for creating a budget.
Increasing tax rates while decreasing government expenditures are the two apparent ways to minimize a budget deficit. the reduction of government spending and/or the raising of taxes, which results in either a rise in the primary surplus or a decrease in the budget deficit. greater taxes and less funding by the government. If public spending is lower than tax receipts, a budget surplus results.
Therefore, option B is the correct option.
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when henry receives the rfp issued by one of his customers, he notices that the company has changed its specifications since it placed a previous order with him. his company's products do not meet the new specifications. in this situation, being the current vendor
As Gregor receives the RFP but notices that the company has changed its specification which means the company's products do not meet the new specifications. In this situation, being the current vendor will probably not be an advantage in getting the new order.
What is the meaning of RFP?Basically, a RFP means a request for proposal; it is a business document that announces a project, does describes and solicits bids from a qualified contractors to complete it. It is also used as the project announcement that is posted publicly by an organization indicating that bids for contractors to complete the project are sought.
Whichever way, its helps to define the project for the company that issues it as well as the companies that respond to it, as well, as the project's goals and the organization that is sponsoring it and outlines the bidding process and contract terms.
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Post Corporation purchases from suppliers on net 30 day terms, has an Accounts Receivable Turnover of 8 times, and an Inventory Turnover of 12 times. Cash inflows and outflows are
Multiple Choice
a. positively mismatched by 30 days.
b. negatively mismatched by 60 days.
c. evenly matched.
d. negatively mismatched by 45 days.
Post Corporation purchases from suppliers on net 30-day terms have an Accounts Receivable Turnover of 8 times and an Inventory Turnover of 12 times. Cash inflows and outflows are negatively mismatched by 45 days. The answer is option d. negatively mismatched by 45 days.
The Accounts Receivable Turnover formula is used to determine how many times a company can collect on its credit sales during an accounting period. It is determined by dividing the net credit sales by the average accounts receivable balance for the accounting period.
Accounts Receivable Turnover = Net Credit Sales / Average Accounts Receivable
The Inventory Turnover ratio shows how efficiently a company is managing its inventory and is determined by dividing the cost of goods sold by the average inventory.
Cost of Goods Sold / Average Inventory = Inventory Turnover ratio
Post Corporation has an Accounts Receivable Turnover of 8 times and an Inventory Turnover of 12 times.
Therefore, for every $1 of sales, they collect cash 8 times a year and sell their inventory 12 times a year. Since the company purchases from suppliers on net 30-day terms, it takes 30 days to pay its bills for inventory (Creditors payment period), which is less than the time it takes to collect cash from customers, which is 45 days (Debtors collection period). Therefore, the company's cash inflows and outflows are negatively mismatched by 45 days. The answer is option d. negatively mismatched by 45 days.
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For its three investment centers, Gerrard Company accumulates the following data: I II III Sales $1,925,000 $4,062,000 $3,986,000 Controllable margin 1,109,020 2,537,280 4,253,200 Average operating assets 5,041,000 7,929,000 12,152,000 Compute the return on investment (ROI) for each center.
The ROI for Investment Center I is 22.0%, the ROI for Investment Center II is 32.0%, and the ROI for Investment Center III is 35.0%.
To compute the return on investment (ROI) for each of Gerrard Company's investment centers, we can use the following formula:
ROI = (Controllable margin / Average operating assets) x 100%
Using the data provided in the question, we can calculate the ROI for each investment center as follows:
Investment Center I:
ROI = ($1,109,020 / $5,041,000) x 100%
ROI = 22.0%
Investment Center II:
ROI = ($2,537,280 / $7,929,000) x 100%
ROI = 32.0%
Investment Center III:
ROI = ($4,253,200 / $12,152,000) x 100%
ROI = 35.0%
In summary, Gerrard Company's Investment Centers I, II, and III have ROIs of 22.0%, 32.0%, and 35.0%, respectively.
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A list of reasons on why could it take 36 years and $61,060 to pay off a $10,000 credit card dept.
Help I need the answer fast
Answer:
This is due to compound interest on the credit card bills.
Explanation:
Credit card debt of $10,000 is repaid when its due. The bank lends the credit card amount and then charges interest on the debt amount. The compound interest is added to the debt amount and then future value of the debt is greater than the present value.
A company selling in a national market often organizes its sales force along ________
A company selling in a national market often organizes its sales force along geographic lines
A worldwide corporation is what?a business that conducts business internationally. Global businesses enjoy benefits over domestic rivals in terms of research, manufacturing, marketing, and financial expenses and reputation.
Geographical sales lines:One of the most prevalent types of the sales organization is the geographically based sales team.
This arrangement places people in certain geographic locations.
They are in charge of managing the sales operations in that region.
Such a framework is straightforward and less expensive.
Additionally, this structure encourages open communication with the clients.
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Josh has $500 in his savings account. He deposits $25 into his savings account each month. He purchased home theater equipment for $1,600. The store he bought the equipment from offered him a $1,600 interest-free loan for 24 months. He pays off $80 of the loan every month from his checking account (not his savings account). How many months will it take for Josh to have enough money in his savings account to pay off the entire outstanding amount for his purchase? Round your answer to the nearest whole number.
It will take approximately 21 months for Josh to have enough money in his savings account to pay off the entire outstanding amount for his purchase of the home theater equipment.
Josh starts with $500 in his savings account and saves an additional $25 each month. The outstanding amount for the equipment is $1,600, which he pays off at a rate of $80 per month from his checking account.
To determine how many months it will take for Josh to accumulate enough money in his savings account, we subtract his initial savings and the amount covered by the monthly loan payments from the total outstanding amount. ($1,600 - $500 - ($80 * 24) = $1,600 - $500 - $1,920 = -$820) Since he has a deficit of $820, it will take him approximately 21 months to accumulate enough savings to cover the remaining outstanding amount, rounding to the nearest whole number.
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what is jared credit card?
Jared is a jewelry retailer that offers a credit card to its customers, which is called the Jared The Galleria Of Jewelry Credit Card.
There is no specific credit card called the "Jared Credit Card." However, Jared is a jewelry retailer that offers a credit card to its customers, which is called the Jared The Galleria Of Jewelry Credit Card. This credit card is issued by Comenity Bank and can be used to make purchases at Jared stores and online. Cardholders can also enjoy benefits such as special financing options, exclusive promotions and discounts, and free jewelry inspections and cleanings. The card has a variable APR and late fees may apply for missed payments. As with any credit card, it's important to read the terms and conditions carefully and to use it responsibly to avoid accumulating debt.
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When a u. S. Company purchases and imports electronic parts from china to use to produce mp3 players within the united states, this purchase increases the.
This purchase increases the investment component of GDP and reduces net exports, so the purchase of electronic components from China does not affect GDP.
What is GDP?
Gross Domestic Product (GDP) is the monetary value of all goods and services produced within a country's borders in a financial year. Once the market value of all goods and services is determined, the country's total GDP is calculated.
In this case, US purchases of electronic components from China increase the investment portion of GDP, but at the same time increase exports to China by the same amount and decrease net exports, so that overall US GDP No change.
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The Question was incomplete. Check below the full question.
If a US company purchases and imports electronic components from China to manufacture MP3 players in the US, does that purchase increase the (investment/government purchase/consumption) component of GDP? (increase/decrease) net exports. Therefore, the purchase of electronic components from China contributes (overall decrease/overall change/overall increase) to US GDP.
what do you mean by teaching profession? write with example.
Answer:
Teaching is the specialized application of knowledge, skills and attributes designed to provide unique service to meet the educational needs of the individual and of society. The choice of learning activities whereby the goals of education are realized in the school is the responsibility of the teaching profession.
Answer:
Teaching is the specialized application of knowledge, skills and attributes designed to provide unique service to meet the educational needs of the individual and of society. The choice of learning activities whereby the goals of education are realized in the school is the responsibility of the teaching profession.
Explanation:
how do i spell chicken strips?
Answer:
chicken strips
Explanation:
yes
Meadows manufacturing follows the accrual basis. An accrual results when ____________ and a deferral results when.
Answer:
Meadows manufacturing follows the accrual basis. An accrual results when $6,000 cash is received after a customer has been billed and a deferral results when $4,500 cash is paid for next quarter's insurance for property.
Explanation:
Pls, choose me as brainliest!
When shopping for life insurance, the best strategy is to:
a.
Follow your agent’s recommendations. They are the experts and it is the agent's job to make sure you get the products that are right for you.
b.
Buy your coverage through your employer, if possible.
c.
Figure out how much you need, then comparison shop using the Web and other resources.
d.
Wait until you are older so that you can buy a cheaper, shorter term policy.
Answer:
c.
Figure out how much you need, then comparison shop using the Web and other resources.
Explanation:
I took the test
Answer:
C
Explanation:
which of the following statements is true about the relationship between business processes and information systems? group of answer choices information systems incorporate all business process activities and hence, should be developed before business processes. the relationship between business processes and information systems is one-to-one. developing information systems before business processes ensures that all activities are considered in the development process. a business process need not relate to any information system, but an information system relates to at least one business process.
A business process need not relate to any information system, but an information system relates to at least one business process, this statements is true about the relationship between business processes and information systems.
A business process is a logically related sequence of actions that specify how particular business tasks are carried out. It is a distinctive method of coordinating work, information, and knowledge inside an organization. Business processes are important for managers to be aware of since they affect how well a firm can conduct its operations and could provide a competitive edge. Each of the main business functions has its own unique business processes, but many of them are cross-functional. Information systems assist firms restructure and streamline business operations by automating certain of these procedures.
The official organizational division in charge of information technology services is the information systems department. It is in charge of maintaining the networks, data storage, hardware, and software that make up the company's IT infrastructure. The department is often led by a CIO and is made up of professionals including programmers, systems analysts, project managers, and information systems managers.
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Is it necessary to allocate resources?
Answer:
It depends on the context.
Explanation:
In the example of a government allocating resources to the country then yes. They would set budgets/allocate certain amount of resources to ensure there is enough resources for each department.
This is similar to how we manage finances on a daily or monthly basis (?) e.g. our parents give us pocket money every day so we have a limited funding and do not overspend
We then decide what we want to spend our money (allocating resources) on so we can get what we want to buy or what we want to save
for business and personal finance: What is insurance?
Answer:
Insurance is the procedure by which persons or companies exposed to a specific risk agree with an institution specializing in compensation for damage that the institution will indemnify the damage caused when the risk materializes. The resulting contract is called insurance.
From a commercial point of view, insurance can be defined as the means by which the cost of incidental damage can be converted evenly into a continuous annual cost on an annual basis.
one of your co workers suggests a way you could be more efficient, but you are worried it will make your work unsafe
One of your co-workers suggests a way you could be more efficient, but you are worried it will make your work unsafe. In such situations we will not follow the advice.
In life, we get a good deal of advice from many people sometimes they feel right to us, and sometimes it doesn't. It should be us who should think about the advice and decide whether to consider it or not based on the consequences that we will further face in life due to it.
The advice given by the coworker here may make a person more efficient but it dangers the work safety of the person. If there will be no job to do then what will someone do about the efficiency. Thus, the better answer would be to say thank you to that person and look forward to another alternative to increase your efficiency.
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one dozen pencil cost 10 if rhe oencil were sold at 1.50 each ehat percentage profit was made on the pencil
Answer:
huh? im confused i almost had a stroke reading this-
Explanation: