1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
sergiy2304 [10]
2 years ago
11

If you deposited $1,000 in a savings account that paid an annual percentage rate of 1 percent and that compounds quarterly, how

much would your balance be at the end of a year if you did not take out any funds
Business
1 answer:
WARRIOR [948]2 years ago
6 0

We will have an amount of $1,010.04 at the end of a year if you did not take out any funds.

<h3>What formula will be used to calculate the balance?</h3>

The future value formula will be used to calculate the total balance after a year.

Given that: A = $1,000, i = 1%, n = 1,  m = 4

Future value = $1,000 * (1 + 1%/4)^(1*4)

Future value = $1,000 * (1 + 0.0025)^4

Future value = $1,000 * 1.0025^4

Future value = $1,000 * 1.01003756254

Future value = $1,010.03756

Future value = $1,010.04

Therefore, we will have an amount of $1,010.04 at the end of a year if you did not take out any funds.

Read more about future value

<em>brainly.com/question/24703884</em>

#SPJ1

You might be interested in
A company with excess capacity must decide between scrapping or reworking units that do not pass inspection. The company has 19,
ANTONII [103]

Answer:

Incremental income as scrap=$66,500

Incremental income when re-worked= $81,700

Explanation:

Unit contribution from selling as scrap is the equal to the scrap value = 3.50

Unit contribution when reworked and sold as scrap =Selling price - cost of re-work= $8.90-4.60= $4.3

Incremental income as scrap = $3.50×19,000= $66,500

Incremental income when re-worked= $4.3 × 19,000 = $81,700

Incremental income as scrap=$66,500

Incremental income when re-worked= $81,700

5 0
3 years ago
Ross White wants to reconsider his decision of buying the brackets and is considering making the brackets in-house. He has deter
Vilka [71]

Answer:

See explanations

Explanation:

a. What is the daily demand rate? 2500/365=6.85 per day

b. What is the optimal production quantity? sqrt( 2DCo/Ch)=sqrt(2*2500*25/1.48)= 290.619=291

c. How long will it take to produce the optimal quantity? 291/50=5.82 days

d. How much inventory is sold during the production run time? 6.85*5.82= 40

e. If Ross uses the optimal production quantity, what would be the maximum...

6 0
3 years ago
McDonald's culture, with an emphasis on cleanliness, consistency, service, and the training that reinforces the value of these c
Luba_88 [7]

Option C

Costly to imitate criteria for sustainable competitive advantage

<h3><u>Explanation:</u></h3>

Sustainable competitive advantages are business assets, properties, or skills that are hard to replicate or exceed; and render a higher or complimentary long term situation over competitors.  A company must produce distinct goals, plans, and methods to create a sustainable competitive advantage.

 It needs huge expenditure in time and money to create a brand. It demands very limitedly to destroy it. A good brand is precious because it prompts customers to favor the brand over competitors. A unique product or service increases customer support and is less suitable for a competitor to imitate.

5 0
3 years ago
g A method used to determine the value of a stock by analyzing the earnings prospects while considering the business environment
Gennadij [26K]

Answer:

The correct option is fundamental analysis

Explanation:

Industry analysis centers on the competitive nature of the market where a business operates,hence it is a just a component of what makes fundamental analysis.

Operational analysis can be likened to performance measurement where the performance of a business is measured viz-a-viz the expected performance with to aligning actual performance with plan

Fundamental analysis is the correct option as it encompasses determining the value of stock by conducting both internal and external analysis of a business concern.

7 0
3 years ago
Marking brainliest!! Ms. Rivera needs advice. She wants to pay her taxes on time and figure out how she can save money to retire
Yuki888 [10]
A. Personal

Personal accountant: A person who has the requisite skill and experience in establishing and maintaining accurate financial records for an individual or a business.
5 0
2 years ago
Read 2 more answers
Other questions:
  • Pick a common household appliance or machine, and think of some creative ways in which it could be improved by becoming part of
    9·1 answer
  • Larry Mitchell invested part of his $ 35 comma 000$35,000 advance at 4 %4% annual simple interest and the rest at 9 %9% annual s
    13·1 answer
  • In 2020, Wimer Corporation, a service business, no longer qualifies as a small business. Thus, it must change from the cash to t
    9·1 answer
  • Christopher's Cranks uses a machine that can produce 100 cranks per hour. The firm operates 12 hours per day, five days per week
    9·1 answer
  • All of the transactions of Harding Trading Co. for the year have been journalized and posted. The following information has been
    11·1 answer
  • When u ask questions do points get deducted
    6·2 answers
  • What were the consequences of mass production?
    14·1 answer
  • Suppose a firm has an annual budget of $200,000 in wages and salaries, $75,000 in materials, $30,000 in new equipment, $20,000 i
    8·1 answer
  • Calculate the total revenue if the firm produces 10 versus 9 units. Then, calculate the marginal revenue of the 10th unit produc
    13·1 answer
  • Which of the following is a true statement?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!