The adjusted trial balance for Otam Corp. at the end of the current year, 2020, contained the following accounts. 5-year Bonds Payable 8% $1500000 Interest Payable 50000 Premium on Bonds Payable 150000 Notes Payable (3 mo.) 40000 Notes Payable (5 yr.) 145000 Mortgage Payable ($10000 due currently) 300000 Salaries and Wages Payable 18000 Taxes Payable (due 3/15 of 2021) 25000 The total long-term liabilities reported on the balance sheet are:_________
Answers
The total long-term liabilities reported on the balance sheet for Otam Corp. at the end of 2020 is $1,850,000.
To determine the total long-term liabilities, we need to add up all the long-term liabilities listed in the adjusted trial balance. Let's go through each account:
1. 5-year Bonds Payable 8%: This represents a long-term liability of $1,500,000.
2. Premium on Bonds Payable: This account is not a liability. It represents the excess amount received from issuing bonds at a premium. Since it doesn't represent a liability, we will not include it in the total long-term liabilities.
3. Notes Payable (3 mo.): This account represents a short-term liability and should not be included in the total long-term liabilities.
4. Notes Payable (5 yr.): This represents a long-term liability of $145,000.
5. Mortgage Payable ($10,000 due currently): This represents a long-term liability of $300,000.
6. Salaries and Wages Payable: This account is not a long-term liability. It represents a current liability related to salaries and wages owed to employees. We will not include it in the total long-term liabilities.
7. Taxes Payable (due 3/15 of 2021): This account is also a current liability and should not be included in the total long-term liabilities.
Now, let's add up the long-term liabilities:
$1,500,000 (5-year Bonds Payable 8%)
+ $145,000 (Notes Payable 5 yr.)
+ $300,000 (Mortgage Payable)
= $1,945,000
Therefore, the total long-term liabilities reported on the balance sheet for Otam Corp. at the end of 2020 is $1,945,000.
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Related Questions
what is business operation scheme model?
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it's your answer pls mark me brainleast
it may help you
how much does m1 and m2 change in the following situations? a. $100 in coins is deposited into a checking account.
Answers
In the given scenario, when $100 in coins is deposited into a checking account, both M1 and M2 money supply will increase by the same amount.
M1 money supply includes all the physical money in circulation, including coins and paper currency, demand deposits, and traveler's checks, while M2 money supply includes all the components of M1 along with time deposits, savings deposits, and money market securities. The $100 deposit in coins would increase demand deposits in the checking account, which is a component of M1. At the same time, this deposit would also increase the balances in the bank's reserves, allowing the bank to create new loans and increase the supply of money in the economy. As a result, both M1 and M2 money supply would increase by $100. This is an example of how fractional reserve banking works, where a portion of deposits is kept as reserves, and the rest is loaned out to stimulate economic activity.
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Please Help Will Give Brainliest
Describe the six steps in identifying and building a USP.
Answers
Answer:
6 Steps to Creating a Unique Selling Proposition (USP)
Step 1: Describe Your Target Audience. Before you can even start marketing your services, you need to know who you are targeting. ...
Step 2: Explain the Problem You Solve. ...
Step 3: List the Biggest Distinctive Benefits. ...
Step 4: Define Your Promise. ...
Step 5: Combine and Rework. ...
Step 6: Cut it Down.
Explanation:
The following information was taken from the annual manufacturing overhead cost budget of Cinnamon Manufacturing Variable manufacturing overhead costs $186.000 Fixed manufacturing overhead costs $124,000 Normal production level in direct labor hours 62.000 Normal production level in units 31,000 During the year, 30,000 units were produced 64,000 hours were worked, and the actual manufacturing overhead costs were $322.000. The actual fixed manufacturing overhead costs did not deviate from the budgeted foxed manufacturing overhead costs Overhead is applied on the basis of direct labor hours Compute the total fixed, and variable predetermined manufacturing overhead rates Item Rate Variable Overhead S Fixed Overhead Compute the total Reed and variable predetermaacturing worladates Here Rate Varble Overd FdOver TutOver eTextbook and Media Compute the total controlate and volume overhead variances identify whether the varianon Favorable of Unforble Total Overheat Variance Overhead Controllable Variance S Overhead Volume Variance ODE
Answers
Given:Variable manufacturing overhead costs = $186.000Fixed manufacturing overhead costs = $124,000Normal production level in direct labor hours = 62,000Normal production level in units = 31,000Actual manufacturing overhead costs were $322.00030,000 units were produced64,000 hours were workedCompute the total fixed and variable predetermined manufacturing overhead rates:
Variable Overhead = Variable Manufacturing Overhead Costs / Normal Production Level in Direct Labor Hours= $186,000 / 62,000= $3 per Direct Labor HourFixed Overhead = Fixed Manufacturing Overhead Costs / Normal Production Level in Units= $124,000 / 31,000= $4 per UnitCompute the Total Overhead applied based on predetermined rates:
Variable Overhead Applied = Variable Overhead Rate * Actual Direct Labor Hours Worked= $3 per Direct Labor Hour * 64,000 Direct Labor Hours= $192,000Fixed Overhead Applied = Fixed Overhead Rate * Actual Units Produced= $4 per Unit * 30,000 Units Produced= $120,000Total Overhead Applied = Variable Overhead Applied + Fixed Overhead Applied= $192,000 + $120,000= $312,000
Compute the Total Overhead Variance:Total Overhead Variance = Actual Overhead - Overhead Applied= $322,000 - $312,000= $10,000Compute the Overhead Controllable Variance:Actual Variable Overhead = Variable Manufacturing Overhead Costs= $186,000Budgeted Variable Overhead = Variable Overhead Rate * Actual Direct Labor Hours Worked= $3 per Direct Labor Hour * 64,000
Direct Labor Hours= $192,000Overhead Controllable Variance = Actual Variable Overhead - Budgeted Variable Overhead= $186,000 - $192,000= -$6,000 (Unfavorable)Compute the Overhead Volume Variance:Budgeted Fixed Overhead = Fixed Overhead Rate * Actual Units Produced= $4 per Unit * 30,000 Units Produced= $120,000Overhead Volume Variance = Total Overhead Variance - Overhead Controllable Variance= $10,000 - (-$6,000)= $16,000 (Favorable)
Hence, the answers to the given questions are:Variable Overhead Rate = $3 per Direct Labor Hour Fixed Overhead Rate = $4 per Unit Variable Overhead Applied = $192,000Fixed Overhead Applied = $120,000Total Overhead Variance = $10,000Overhead Controllable Variance = -$6,000 (Unfavorable)Overhead Volume Variance = $16,000 (Favorable)
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What are the top 3 non-renewable resources?
Answers
Most non-renewable energy sources are fossil fuels: coal, petroleum, and natural gas.
What is non-renewable resources?Natural resources that cannot be easily replenished by natural means at a rate quick enough to keep up with use are considered non-renewable resources. Fossil fuels made of carbon are one instance. With the use of heat and pressure, the original biological substance transforms into a fuel like gas or oil. Oil, natural gas, coal, and nuclear energy are the four main categories of nonrenewable energy. Fossil fuels are a term that refers to coal, natural gas, and oil together. The term "fossil fuels" refers to the fossilized remains of plants and animals that were produced deep within the Earth over millions of years. Non-renewable resources are those that cannot be promptly replenished after being used up.To learn more about non-renewable energy refer to:
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How do I quit my job as cashier already wrote resignation letter
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about how long will it take Levi’s investment of $350 to double if it earns 14.5% simple interest?
A. 5 years
B. 6 years
C. 7 years
D. 8 years
Answers
Answer:
A. 5 years
Explanation:
Present value = $350
Future value = $700
Interest = 14.5%
Number of years = Nper (-Pv, Fv, I)
Number of years = Nper (-350, 700, 14.5%)
Number of years = 5.119080084
Number of years = 5 years
What step in the investigative process would the development of timelines and interpretation of burn patterns be related to?
Answers
Answer:
Data Analysis
Explanation:
During a fire outbreak which could be accidental or incidental, information is first collected both from witnesses and observation. After this, timelines are developed in a bid to develop inductive reasoning as to the patterns in the timing of the fire outbreak. Burn patterns are also analyzed to provide an indication as to the origin and cause of the fire.
It is important that the timelines and patterns being analyzed are based on facts that are verifiable and not speculations. This is important because working with incorrect information would lead to the development of the wrong hypothesis.
Question 4 What is the easiest way to increase the money you have available for savings and investments ? © A. Read a lot of books on investing. B. Talk to your friends about investing. OC. Pay off all your high-interest debt such as credit cards and store cards. Start financing more things on your credit cards, so you'll have more OD money to invest.
Answers
It should be noted that the easiest way to increase the money you have available for savings and investments is D. Invest the money.
It should be noted that reading a lot of books on investing and talking to your friends about investing won't help an individual increase the amount of money that they have with them.
The important thing to do is to invest the money that the person has. It should be noted that investment helps one to generate more income.
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ndirect costs incurred to make a product, including indirect labor, indirect materials, factory utilities, rent on manufacturing facilities, and depreciation on manufacturing facilities are called
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Indirect costs incurred to make a product, including indirect labor, indirect materials, factory utilities, rent on manufacturing facilities, and depreciation on manufacturing facilities, are called manufacturing overhead costs.
Manufacturing overhead costs are the indirect costs associated with the production of goods. These costs cannot be easily traced to a specific product or unit of production. Instead, they are incurred to support the overall manufacturing process.
The components of manufacturing overhead costs include:
1. Indirect labor: This refers to the wages and benefits paid to employees who are not directly involved in the production process but play a supporting role, such as supervisors, maintenance staff, or quality control personnel.
2. Indirect materials: These are materials or supplies used in the production process but are not directly incorporated into the final product. Examples include lubricants, cleaning agents, or small tools.
3. Factory utilities: These costs include expenses for electricity, water, heating, and cooling required to operate the manufacturing facilities.
4. Rent on manufacturing facilities: This includes the cost of leasing or owning the space where the manufacturing process takes place.
5. Depreciation on manufacturing facilities: This represents the allocation of the cost of the manufacturing facilities over their useful life.
Manufacturing overhead costs are important to consider when calculating the total cost of producing a product. They are typically allocated to individual products based on a predetermined overhead rate, which is calculated by dividing the total estimated manufacturing overhead costs by a measure of activity, such as direct labor hours or machine hours.
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Select all the correct answers.
Which two expenses are considered variable expenses?
car loan payment
car fuel
o grocery bill
O mortgage payment
O property taxes
Answers
Explanation:
1: mortgage payment
2: property taxes
the four marketing management philosophies are .a. production, price, market, and socially responsible orientationsb. sales, distribution, market, and consumer-focused orientations
Answers
Four marketing management philosophies are Production orientation, Sales orientation, market orientation, Societal marketing orientation
What is a marketing operation?Marketing operation is the organizational discipline that focuses on the practical operation of marketing exposure, ways, and styles inside enterprises and associations, and the operation of an establishment's marketing resources and exertion.Marketing operation employs tools from economics and competitive strategy to anatomize the sedulity terrain in which the establishment operates.What is the main end of marketing?Marketing aims to deliver standalone value for prospects and consumers through content, with the long-term thing of demonstrating product value, strengthening brand dedication, and ultimately adding deals.Learn more about marketing here:
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If you are interested in working for a specific company, what type of job site should you look at for opening? a. Geographic specific site b. Industry specific site c. Company site d. General job site Please select the best answer from the choices provided A B C D
Answers
Answer:
Company site
Explanation:
A company's website is a communication tool used to convey information to internal members and the public. The website contains updated information on various topics concerning the company. There are sections for products and services, the top management, and careers with the company.
An individual seeking to work in a specific company should visit its website to look for opportunities.
C. Company site
That is the correct answer
When production exceeds sales, some fixed manufacturing overhead costs are deferred until a future period under absorption costing. some fixed manufacturing overhead costs are deferred until a future period under variable costing. variable and fixed manufacturing overhead costs are deferred until a future period under absorption costing. variable and fixed manufacturing overhead costs are deferred until a future period under variable costing.
Answers
under variable costing, no fixed overhead costs are deferred until a future period when production exceeds sales.
When production exceeds sales, some fixed manufacturing overhead costs are deferred until a future period under absorption costing. In absorption costing, fixed manufacturing overhead costs are included in the cost of each unit of inventory produced, regardless of whether the unit is sold or not. Therefore, if production exceeds sales, some of these fixed overhead costs will be included in inventory and deferred until a future period when the inventory is sold.In contrast, variable costing treats fixed manufacturing overhead costs as period costs that are expensed in the period incurred, regardless of whether the units are sold or not.
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Morrow snowboards most likely switched to a perpetual inventory system because.
Answers
Morrow Snowboards most likely switched to a perpetual inventory system because the method keeps track of inventory levels on a continuous basis.
In this context, we are required to explain why Morrow Snowboards switched to perpetual inventory systems. Explanation: A perpetual inventory system is a type of inventory accounting system that continually updates a company's inventory balance to reflect real-time changes in stock levels. A company's perpetual inventory system records transactions immediately and continuously updates inventory balance records, resulting in real-time inventory data accuracy.
In contrast to a periodic inventory system, in which the inventory balance is calculated at the end of a period, a perpetual inventory system provides real-time inventory information. This means that companies with a perpetual inventory system can track inventory levels on a regular basis to ensure accuracy and prevent issues such as stockouts and overstocks.The main advantages of a perpetual inventory system are that it provides real-time inventory data, allowing businesses to quickly adjust to changes in inventory levels. Another benefit is that it provides precise inventory balance information, making it simpler to manage the company's inventory. Because of these advantages, Morrow Snowboards most likely switched to a perpetual inventory system.
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the centers for disease control and prevention (cdc) estimates that cigarette smoking causes more than 480,000 deaths each year in the united states. cigarette smoking also carries a significant financial burden, with an estimated $170 billion of direct medical expenses and another $156 billion lost from lower worker productivity annually. suppose the market demand and supply for cigarettes in the u.s. is represented in the accompanying graph. a. place point a on the initial equilibrium in the market with no government intervention.
Answers
A place point on the initial equilibrium in the market with no government intervention is $7/pack
Equilibrium is achieved in the market
where Qs = Qo
Equilibrium quantity Q* = 240bn
Price P* $7/pack
Equilibrium is a 2002 American dystopian science fiction film[4] written and directed by Kurt Wimmer, and starring Christian Bale, Emily Watson, and Taye Diggs. The film follows John Preston (Christian Bale), an enforcement officer in a future wherein feelings and inventive expression are outlawed, and citizens take each day injections of effective psychoactive drugs to suppress their emotions.
After by chance lacking a dose, Preston begins to enjoy feelings, which makes him question his morality and mild his movements whilst trying to remain undetected with the aid of the suspicious society in which he lives. ultimately, he aids a resistance motion through the usage of advanced martial arts, which he became taught by the regime he is helping to overthrow.
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Tony's Deli has cash of $145, accounts receivable of $99, accounts payable of $219, and inventory of $413. What is the value of the quick ratio ?
Answers
Answer:
the value of the quick ratio is 1.11 times
Explanation:
The computation of the value of the quick ratio is shown below:
Quick Ratio = Total Quick Assets ÷ Total current liabilities
= [Cash + Accounts Receivables] ÷ Accounts Payable
= [$145 + $99] ÷ $219
= $244 ÷ $219
= 1.11 Times
Hence, the value of the quick ratio is 1.11 times
in a flexible exchange rate the exchange rate is determined by
Answers
Answer:
by supply and demand.
Explanation:
the revolution in management that is currently under way suggests that the most effective managers of the future will
Answers
The current management revolution suggests that the most effective future managers will need to "be skilled communicators and team players."
This is because, unlike in the past, when employees tend to follow the manager's instructions to the letter without questions, many employees today tend to speak back or ask more questions.
Also, coupled with the fact that many today's employees prefer working without strict supervision, the tendency for conflicts to occur increases, and the need for motivation becomes significant.
Hence, in this case, it is concluded that future managers would need to be good communicators and team players, not just among the executives but also among the lower employees.
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Which of the following BEST describes the services provided by Third-Party Logistics (3PL) companies? They negotiate prices and terms with your suppliers for the parts that you use in your products and then ship them to you. They warehouse and distribute your products, and potentially perform some other value-added processes. They negotiate with overseas suppliers for movement of good in that country They bundle transportation volumes to leverage riegotiations.
Answers
The services provided by Third-Party Logistics (3PL) companies include warehousing, distribution, value-added processes, and leveraging transportation volumes for negotiations.
Third-Party Logistics (3PL) companies specialize in providing various logistics and supply chain management services to businesses. The core services offered by 3PL companies typically include warehousing and distribution of products, along with potentially performing value-added processes such as packaging, labeling, and assembly. These companies handle the storage and movement of goods, ensuring efficient delivery to customers. Negotiating prices and terms with suppliers for parts and negotiating with overseas suppliers are not typically part of their core services.
While 3PL companies may work closely with suppliers and customers to coordinate logistics operations, negotiating prices and terms with suppliers for the parts used in a company's products is usually handled directly by the company or its procurement department. Similarly, negotiating with overseas suppliers for movement of goods in a specific country is typically outside the scope of 3PL services.
However, 3PL companies often bundle transportation volumes from multiple clients to achieve economies of scale and leverage their bargaining power with transportation providers. By consolidating shipments, they can negotiate better rates, secure efficient transportation options, and optimize logistics operations for their clients. This helps businesses reduce costs and improve the overall efficiency of their supply chains.
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what is the major impediment to foreign investment in afghanistan?
Answers
One of the major impediments to foreign investment in Afghanistan is the persistent security challenges and political instability in the country.
Afghanistan has been affected by decades of conflict, including the Soviet invasion, civil war, and the ongoing Taliban insurgency. This has created an unstable security environment, characterized by frequent attacks, terrorism, and armed conflict in various parts of the country. The lack of security not only poses a direct threat to foreign investors and their assets but also hampers the overall business environment, making it risky and unpredictable.
The security situation also contributes to other challenges such as weak governance, corruption, and a lack of rule of law. These factors further discourage foreign investors, as they increase the risks and uncertainties associated with doing business in Afghanistan. Investors need a stable and secure environment to operate effectively and protect their investments, and the ongoing security concerns in Afghanistan have been a significant deterrent to foreign investment.
Additionally, Afghanistan faces infrastructure challenges, including inadequate transportation networks, limited access to reliable electricity, and underdeveloped logistics systems.
While efforts have been made to improve the investment climate in Afghanistan, including legal and regulatory reforms, as well as initiatives to attract foreign investment, the persistent security challenges remain a significant obstacle. Resolving the security situation, improving governance, and investing in infrastructure are crucial steps to create a more favorable environment for foreign investment in Afghanistan.
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this data has been taken from the economic report of the president on interest rate and monetary growth to estimate a model where moody?s aaa corporate bond rate is explained by the percentage change in m2. a. provide the regression results and discuss if they make sense based on macroeconomic theory b. is there evidence of serial correlation in this model? explain. c. calculate an estimate of ? for this model. d. estimate a gls model to address the issue of serial correlation and report your results. year m2growthrate aaacorprate 1966 6.7 5.13 1967 7.1 5.51 1968 8 6.18 1969 7.1 7.03 1970 6.8 8.04 1971 9.5 7.39 1972 10 7.21 1973 10.7 7.44 1974
Answers
a. The regression results indicate the relationship between the Moody's AAA corporate bond rate and the percentage change in M2. These results can be evaluated based on macroeconomic theory to assess their coherence and validity.
b. To determine if there is evidence of serial correlation in the model, it is important to analyze the residuals and assess their autocorrelation.
c. An estimate of the slope coefficient (β) can be calculated to quantify the impact of the percentage change in M2 on the Moody's AAA corporate bond rate.
d. To address the issue of serial correlation, a Generalized Least Squares (GLS) model can be estimated, and the results can be reported and compared to the initial regression model.
a. The regression results provide information on the relationship between the Moody's AAA corporate bond rate and the percentage change in M2. By examining the coefficients, their statistical significance, and the expected signs, we can evaluate the results based on macroeconomic theory. For instance, if the coefficient of the percentage change in M2 is positive and statistically significant, it suggests that an increase in the money supply (M2) leads to higher corporate bond rates, which aligns with the expectation that monetary expansion may result in inflationary pressures and higher interest rates.
b. To assess the presence of serial correlation, we need to examine the residuals of the regression model. Serial correlation refers to the correlation between the error terms in a time series model. If there is evidence of serial correlation, it indicates that the current error term depends on the previous error terms, violating the assumption of independence. To identify serial correlation, statistical tests such as the Durbin-Watson test or visual inspection of autocorrelation plots can be used.
c. To estimate the slope coefficient (β) for the percentage change in M2, we can use the regression results. The slope coefficient represents the change in the Moody's AAA corporate bond rate associated with a one-unit change in the percentage change in M2. By calculating this estimate, we can quantify the impact of monetary growth on the corporate bond rate and evaluate its significance.
d. To address the issue of serial correlation, a GLS model can be employed. GLS is a technique that takes into account the correlation structure of the error terms in the model and provides more efficient and reliable estimates. By estimating the GLS model and comparing the results to the initial regression, we can determine if the issue of serial correlation has been adequately addressed and if the coefficient estimates have changed.
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omeone who likes building, designing, or creating things probably has a(n) _____. a. naturalistic learning styles b. bodily/kinesthetic learning style c. logical/mathematical learning style d. visual/spatial learning style Please select the best answer from the choices provided A B C D
Answers
Answer:
D. Visual/spatial learning style.
Explanation:
Someone* have a great day<3
Answer:
I assume D
Explanation:
A is a maybe but when it comes to buildings, It tips me off of the idea from an naturalist style,
b doesn't seem to be the answer as if " learning takes place by the students carrying out physical activities, rather than listening to a lecture or watching demonstrations."
C logical and mathicals ways is different from designs and the artistic way of building this seems to be in a career for maybe a bank teller or a teacher
On March 1, Showcase Co. , a furniture wholesaler, sells merchandise to Balboa Co. On account, $237,490, terms n/30. The cost of the merchandise sold is $152,560. Showcase Co. Issues a credit memo on March 5 for $31,500 as a price adjustment prior to Balboa Co. Paying the original invoice on March 29
Answers
Because the sale is on account, we must report the rise in both sales revenue and accounts receivable. Accounts Receivable is an asset whose credit side lowers with sales returns and customer collections and whose debit side increases when a sale is made.
These are the journal entries:
$254,500 in merchandise inventory
$254,500 to Accounts Payable A/C
(It refers to goods bought with credit)
$30k in accounts payable to Dr.
$30k for merchandise inventory
(Given that the returned goods are documented)
Payables: Dr. $224,500
$30,000)
$224,500 in cash
($254,500)
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can someone help . i know I'm dumb:) x-5=7
Answers
Answer:
Hey Army
Nice to meet you:)
your answer is 12
as x-5=7
so x=7+5
x is 12
Stream life goes on and Dynamite. :)
Answer:
x=12
Explanation:
x-5=7
x-5+5=7+5
x=12
You are valuing the stock of Microsoft Corp. You estimate the fair value of the stock of $270. Currently the stock is trading at $244.37. Your recommendation should be:
Answers
Answer: buy the stock
Explanation:
Fair value refers to the price of an asset that's determined by the buyer and the seller. It's the worth of an asset. The market value is the price an an asset is sold in the marketplace.
By comparing the fair value and the market price, one can know if to invest in a asset or not. Since the fair value is more than the market price, then the should be bought.
А ________
is a number of connected activities that accomplish a course of action
campaign
contest
commission
Answers
Answer:
commisom is the answer to your question
Explain how James can change his farming habits to have a more-productive farm in the following scenario.
James has been losing money on his farm recently, so he has switched to a lower-quality fertilizer of human-made chemicals. As a result, his crops are not growing as well. He is finding it difficult to sell them, causing James to lose even more money.
Answers
Answer:
James should switch to a higher-quality fertilizer to ensure his crops grow well.
Explanation:
If he switches to a higher-quality fertilizer, his plants will grow better, and as a result they will sell better.
James can change his farming habits to have a more productive farm by switching to sustainable farming practices that prioritize soil health and natural fertilizers.
Explain how James can change his farming habits ?The use of chemical fertilizers can negatively impact the quality of the soil over time, leading to decreased crop yields and decreased profits.
To start, James could invest in improving the quality of his soil by rotating crops, practicing cover cropping, and incorporating organic matter such as compost into his fields. This will help to improve the health and nutrient content of the soil and lead to healthier crops.
Additionally, James could consider implementing sustainable pest management strategies, such as integrated pest management, to reduce his reliance on harmful chemicals. This will not only benefit the environment but also save James money on expensive pesticides.
Finally, James could explore alternative marketing strategies to sell his crops, such as farmers markets, community-supported agriculture programs, and direct-to-consumer sales. These methods may help James to reach a more interested and engaged audience who value sustainably grown produce.
Overall, by prioritizing soil health, reducing reliance on harmful chemicals, and exploring alternative marketing strategies, James can change his farming habits to have a more productive and profitable farm.
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Using the rule of 72, how many years will it take to double $5,000 earning 4 percent interest?.
Answers
According to the method, you just divide the interest rate by 72 to determine how many years it will take to double your money at a specific interest rate.
So years will it take to double =72/4 =18 year
answer is 18 year.
Why do we use the term "interest"?When you borrow money, you must pay interest, and when you lend money, you must charge interest. The most common way to represent interest is as a percentage of a loan's total amount per year. The loan's interest rate is denoted by this proportion. In the fields of finance and economics, interest is defined as the payment of a sum over and above the return of the original sum, made at a set rate, by a borrower or deposit-taking financial institution to a lender or depositor. It differs from a fee the borrower might pay the lender or another entity.
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1. The Industrial Revolution began primarily because of.
A) Larger numbers of people unable to find work
B) The growth of corporations in the U.S.
C) The invitation of machines allowing the faster processing of raw materials.
D) Managers using practices to improve productivity of employees.
2. The first effort to apply scientific study to the management of businesses was?
A) Behavioral management
B) Classical management
C) Quality management
D) administrative management
Answers
The Industrial Revolution began primarily because of the invitation of machines allowing the faster processing of raw materials. The Option C is correct.
What led to Industrial Revolution in Europe?The Industrial Revolution transformed the economy from an agrarian to a manufacturing economy in which products were no longer made solely by hand but also by machines. This resulted in increased output and efficiency, lower prices, more goods, higher wages, and a shift from rural to urban areas.
The first Industrial Revolution began in Great Britain in the mid-to-late 1700s, when innovation led to large-scale production of goods through machine manufacturing. This spread around the world, and the Second Industrial Revolution began in the late 1800s in the United States, with further technological advancements leading to greater efficiency.
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