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2 years ago

A new pair of sneakers costs $70 now. what is the cost of the shoes 5 years from now if the price increases 8% per year?

Business

1 answer:

DedPeter [7]2 years ago

4 0

the cost of the shoes 5 years from now if the price increases 8% per year :- $103.

What is percentage?

A % in mathematics is a quantity or ratio that is stated as a fraction of 100 (from the Latin per centum, "by a hundred"). Although the abbreviations "pct.", "pct.", and occasionally "pc" are also used, the percent sign, "%," is frequently used to indicate it. A % lacks dimensions and has no associated unit of measurement. %, which is a relative figure used to denote hundredths of any quantity. Since one percent (symbolized as 1%) is equal to one hundredth of something, 100 percent stands for everything, and 200 percent refers to twice the amount specified. percentage.

The provided value will be multiplied by 100 to determine the percentage. As an illustration, the supplied number is 0.55. In percentage terms, 0.55 * 100 equals 55%.

To learn more about percentage with the help of given link:

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How do you explain the fact that in the business world basically good people sometimes act immorally?

zhenek [66]

Answer:

Moral values is defined as the standard of bad as well as good actions which govern the choices as well as behavior of person or an individual. The moral of the person or an individual will derive from the religion, government, self or society.

Explanation:

Basically good people or individual act immorally in the business or company, it is because of feeling of deseperation. The deseperation feeling is often due to lack or short of finances or in need of more money because of personal misfortune of having to support drug addiction, settle a debt of gambling, maintain an expensive way of life, pay off the bank loan.

As the pressure of these kinds of situations continue to mount on basically a good person or individual, the more open minded, become to performing in an immoral act or way.

4 0

3 years ago

Clever Cuts is a retail chain specializing in salon-quality hair-care products. During the year, Clever Cuts had sales of $ 39

meriva

Answer:

Sales Revenue $39,300,000

Cost of Goods Sold ($20385000)

Gross Profit $18915000

Selling, General and Administrative Expenses ($7,225,000)

Net Income $11690000

Explanation:

Sales Revenue $39,300,000

Cost of Goods Sold ($20385000)

Gross Profit $18915000

Selling, General and Administrative Expenses ($7,225,000)

Net Income $11690000

Cost of Goods Sold is calculated as (Opening Inventory + Purchases – Closing Inventory) ($3,100,000 + $21,400,000 - $4,115,000).

Sales Revenue is deducted from Cost of Goods Sold to find Gross Profit after which Selling, General and Administrative Expenses are deducted which gives us Net Income of $11690000.

4 0

3 years ago

1. Peter applied for a job at an accounting firm and a consulting firm. He knows that 50% of similarly qualified applicants rece

DENIUS [597]

Answer:

75%

Explanation:

Assume that:

X is the probability that the Peter, qualified accountant would receive offer from the accounting firm AND

Y is the probability that the Peter, qualified accountant would receive offer from the consulting firm.

Here,

P(X) is 50%, P(Y) is 40% and P(X∪Y) is 60%

Now we want to find P(X/Y) = ?

We also know that:

P(X/Y) = P(X∩Y) <u>STEP1</u> / P(Y)

By putting values, we have:

P(X/Y) = 0.3 / 0.4 = 0.75 = 75%

P(X∪Y) = P(X) + P(Y) - P(X∩Y)

This implies that:

P(X∩Y) = P(X) + P(Y) - P(X∪Y)

By putting values we have:

P(X∩Y) = 0.5 + 0.4 - 0.6 = 0.3

5 0

3 years ago

Vaughn Manufacturing lends Wildhorse Co. $51600 on April 1, accepting a four-month, 6% interest note. Vaughn Manufacturing prepa

ryzh [129]

Answer: See explanation

Explanation:

Based on the scenario in the question, there will be a debit to interest receivable in the amount of:

= $51600 × 6%/12

= $51600 × 0.06/12

= $51600 × 0.005

= $280

Interest revenue will also be credited in the amount of $280

Debit: Interest receivable $280

Credit: Interest revenue $280

7 0

3 years ago

Which of the following statements is FALSE? There is no need to evaluate mutual fund investments because investment companies hi

ivann1987 [24]

Answer: Statement that “There is no need to evaluate mutual fund investments because investment companies hire the best professional managers they can to manage their funds “ is FALSE

A mutual fund is a pool of stocks, bonds or other funds where an investor purchase his shares. He gets one to meet his investment goals so evaluating a mutual fund's performance is needed and must involve thorough research to lessen risk.

Professional fund managers do make mistakes, so it is a must that investors continually evaluate their mutual fund investments.

8 0

3 years ago

Read 2 more answers