All categories

2 years ago

If you have 900 dollars and you save it for ten years woth eight percent interest, what will be it’s future value?

1 answer:

4 0

1620
900 times 8%, or 0.08 is 72. So 72 is the interest for 1 year. You multiply that times 10 for ten years of interest and get 720. You add 900 and 720 and you get 1620. Therefore, 1620 is how much you have after 10 years with eight percent interest. Hopefully this helps!

You might be interested in

Given the returns for two stocks with the following information, calculate the correlation coefficient of the returns for the tw

julsineya [31]

Answer:

The correlation coefficient of the returns for the two stocks is 0.231

Explanation:

From the question given, we apply the method called co variance

Co variance is referred to as when the co-movement of variables are measured.

The co variance is defined as:

ρ₁,₂=Cov₁,₂/σ₁ x σ₂

The Expected return of stock 1 μ1= 0.4 x 9+0.5 x 11+0.1 x 17=10.8%

The Expected return of stock 1 μ2=0.4 x 11+0.5 x 8+0.1 x 13=9.7%

The Variance of stock 1 σ²₁ is:

1 σ²₁=0.092 x 0.4+0.112 x 0.5+0.172 x 0.1−0.1082σ12=0.092 x 0.4+0.112 x 0.5+0.172 x 0.1−0.1082

=0.012180-0.011664 =0.000516

The standard deviation of stock 1 σ₁ =2√0.0005162 =0.022716 =2.2716%

Thus,

The Variance of stock 2 σ²₂ is:

2 σ²₂= 0.112 x 0.4+0.082 x 0.5+0.132 x 0.1−0.09722 =0.009730-0.009409=0.000321

The standard deviation of stock 2 σ₂ =2√0.000321 =0.017916=1.792%

Cov₁,₂=0.4 x (0.09−0.108)x (0.11−0.097)+0.5 x(0.11−0.108)x(0.08−0.097)+0.1 x(0.17−0.108)x(0.13 8)x(0.13−0.097) =-0.000094-0.000017+0.000205 =0.000094

Therefore,

ρ₁,₂=0.000094/((0.017916)x(0.022716)) =0.231

3 0

3 years ago

Trez Company began operations this year. During this first year, the company produced 100,000 units and sold 80,000 units. The a

hjlf

Answer:

<u>Income statement for the company under variable costing</u>

Sales (80,000 units x $45) $3,600,000

Less Cost of Sales

Beginning inventory $0

Cost of goods manufactured (100,000 units x $19) $1,900,000

Cost of good available for sale $1,900,000

Less Ending inventory (20,000 x $19) ($380,000) ($1,520,000)

Contribution $2,080,000

Less Period Costs

Fixed Manufacturing Overhead ($600,000)

Selling and administrative expenses - Fixed ($400,000)

Selling and administrative expenses - Variable ($180,000)

Net Income / (loss) $900,000

Explanation:

Under Variable Costing.

1.Product cost = Variable Manufacturing Costs Only

Therefore, Product cost = $4 + $11 + $ 4

= $19

2.Period Cost = Fixed Manufacturing Overheads + Non - Manufacturing Costs

5 0

3 years ago

Lake Corp., a newly organized company, reported pretax financial income of $100,000 for 20X0. Among the items reported in Lake's

liubo4ka [24]

Answer:

b.$0

Explanation:

As we know that

When there is a temporary discrepancy between financial income and taxable income a deferred tax benefit or liability occurs. Temporary difference means an benefit or cost with respect to treatment that has just a timing gap.

Moreover, the Premium on officer's life insurance is tax deductible i.e $15,000 as it is paid by the company due to which difference arise between the financial and taxable income.

And,

Interest received on municipal bonds $20,000 are mostly exempt from federal income tax.

Therefore, it shows no such difference as it indicates the permanent difference

6 0

4 years ago

The ______ is a theoretical model that explains and predicts what resource attributes underpin competitive advantage. It identif

kompoz [17]

The <u>VRIO</u><u> </u><u>framework</u> is a theoretical model that explains and predicts what resource attributes underpin competitive advantage. It identifies which types of resources are key to firm performance.

<h3>What is a VRIO framework?</h3>

VRIO is a business analysis framework that forms part of a firm's larger strategic scheme. The basic strategic process that any firm begins with a vision statement, and continues on through objectives, internal & external analysis, strategic choices, and strategic implementation.

Therefore, the correct answer is as given above.

learn more about VRIO framework: brainly.com/question/26286846

#SPJ1

8 0

2 years ago

One of the technical evaluators on a multi-million dollar source selection just told you that her husband was just offered a job

ratelena [41]

Answer:

The correct administrative remedy against such a contractor is to have them suspended.

Explanation:

The role of a technical evaluator is sensitive as it means that he or she would be privy to almost if not all information that has to do with the contract.

In the information provided, the technical evaluator's husband was offered a job at a company competing or bidding for a multi-million dollar contract she was also evaluating.

Their husband didn't ask for the job. They offered it so that they might gain information to their advantage.

The action of this contractor can be classified as fraudulent. One of the administrative actions that can be taken against such is to have them suspended with a threat to have their license permanently revoked if they should make a similar attempt again.

Cheers

3 0

3 years ago