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2 years ago

If Randy invests $15,000 at a 9% interest

Business

1 answer:

WITCHER [35]2 years ago

8 0

It will take 8.04 years for the initial investment of $15000 to become $30,000

What is the future value of an investment?

The future value of $15,000 invested now earning a rate of return of 9% per year is $30,000, it the future equivalent of an amount invested now when the invested amount has earned interest over a specific period of time.

The below future value formula of single cash flow can be used to determine the number of years it takes for the initial investment to double.

FV=PV*(1+r)^N

FV=future value=$30,000

PV=initial investment=$15,000

r=rate of return=9%

N=number of years it takes for the initial investment to double=unknown(assume it is X)

$30,000=$15000*(1+9%)^N

$30000/$15000=(1+9%)^N

2=1.09^N

take log of both sides

ln(2)=N*ln(1.09)

N=ln(2)/ln(1.09)

N=8.04 years

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Answer:

a) Dominant strategy is for Rina to choose Right.

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Explanation:

As per the data given in the question,

a).

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When Rina selects left, Musashi selects right because (7>4)

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When Musashi selects left, Rina selects right because (6>1)

When Musashi selects left, Rina selects right because (7>6)

So only dominant strategy is for Rina to choose Right

In a Nash equilibrium, the players decide their strategies taking in consideration other strategy.

Hence, Musashi chooses left and Rina chooses right, (payoff: 6,1)

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3 years ago

Evaluating whether or not to go forward with the preparation of a proposal is referred to as the __________.

timofeeve [1]

A. Bid/no bid decision

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3 years ago

Old Camp Company manufactures awnings for its own line of tents. The company is currently operating at capacity and has received

Helen [10]

Answer:

It is more convenient to continue the production in house.

Explanation:

Giving the following information:

The company is currently operating at capacity and has received an offer from one of its suppliers to make the 12,000 awnings it needs for $25 each. Old Camp’s costs to make the awning are $12 in direct materials and $7 in direct labor. Variable manufacturing overhead is 70 percent of direct labor. If Old Camp accepts the offer, $42,000 of fixed manufacturing overhead currently being charged to the awnings will have to be absorbed by other product lines.

Make in house:

Variable costs= 12 + 7 + (7*0.70)= $23.9

Total variable costs= 23.9*12000= 286,800

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It is more convenient to continue the production in house.

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3 years ago

How can the use of new technology in industry benefit the US government?

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Answer:

All the statements are correct.

Explanation:

A and D are correct because better transportation technology means that the government can import (purchase materials) and export (transport goods) around the world with relative ease.

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3 years ago

Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period. Units U

HACTEHA [7]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

Computing Cost of Sales and Ending Inventory Stocken Company has the following financial records for the current period.

Units= 100

Unitary Cost Beginning Inventory $ 46

Purchases:

#1= 650units at $42

#2= 550units at $38

#3= 200units at $36

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A) First in, first out

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Units sold= beginning inventory + purchases - ending inventory

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B) Average cost= total cost of units available for sale/ number of unit

Average cost= (100*46+650*42+550*38+200*36)/1500

Average cost= $40 unit

Ending inventory= 350*40= $14,000

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C) Last in, first out

Ending inventory= 100 units* 46 + 250 units*42= $15,100

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