Which of these economic goals is most important in a traditional economy?
A. Growth
At the end of five years, the total number of dollars in this investment would be $137,843.79.
<h3>What would be the value of the account at the end of 5 years?</h3>
When the account is compounded bi-monthly, it means that the amount invested and the interest already earned increases in value by 1% every two months.
The formula for calculating the amount that would be in the investment after years is>
FV = P (1 + r)^nm
- FV = Future value
- P = Present value
- R = interest rate
- m = number of compounding
- N = number of years
$24,000(1.01)^(5x6) = $137,843.79
To learn more about future value, please check: brainly.com/question/18760477
Answer:
a.
The current ratio is 2.7
b.
The acid-test ratio is 1.7
Explanation:
a)
The current ratio is a ratio to measure the liquidity of a firm. The current ratio calculates the amount of current assets per every $1 of current liability.
Current ratio = Current assets / Current Liabilities
Current ratio = (15000 + 5000 + 8000 + 20000 + 6000) / 20000
Current ratio = 2.7 or 2.7 : 1
b)
The acid test ratio is also a measure of liquidity that only takes into account the most liquid asset in calculation of the ratio and it excludes the inventory in the calculation.
Acid test ratio = (Current assets - Inventory) / Current liabilities
Acid test ratio = (15000 + 5000 + 8000 + 6000) / 20000
Acid test ratio = 1.7 or 1.7 : 1
Answer: COMAR
Explanation: It refers to the code of Maryland regulations as set by he police department of Maryland. It states that the police officers must work in a jail before going on patrolling duties.
These standards requires the officers to have some experience as patrolling could be dangerous for someone without any exposure to the criminal dangers.
Answer:
The everyday low pricing policy is the policy that Matt's retail store is following.
Explanation:
Everyday low pricing policy is the kind of a pricing strategy in which any company or firm keeps the prices of its products at low over a long period of time rather than putting any kind of sale or promotional activities. So here the consumers don't have to wait for the sale to start, the prices are already at everyday low. An important assumption to understand here is that in this kind of pricing strategy cost of production is assumed not be changed, that is why a company is able to implement this policy over a long period of time.
So therefore as here Matt's retail store is giving $2 lesser price for its product than its competitors , it means that Matt's retail store has applied everyday low pricing strategy.
