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nydimaria [60]
2 years ago
15

The simple interest rate is 7% per year. if james deposits 10,000 at the end of 18 months coursehero

Business
1 answer:
monitta2 years ago
4 0

Deposit (PV): $10,000

Years between the 18th month and the fifth year (n) = 3.5

(I)=7% yearly interest rate

Simple interest approach accumulated value equals P*(1+(i*n)).

=1000*(1+(7%*3.5))

=1245

Thus, the total value at the end of five years will be $1245.

Compound interest method accumulated value equals P*(1+i)n

=1000*(1+7%)^3.5

=1267.19

Therefore, the total value after five years will be $1267.19.

Learn more about simple interest here ;

brainly.com/question/25845758

#SPJ4

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The main answer is True.

The statement is correct, enterprise operations systems work in conjunction with the firm's ERP system to provide specific functionality to support supply chain operations.

<h3>Explanation:</h3>
  • ERP system to provide specific functionality to support supply chain operations.
  • Supply chain management has been an integral part of ERP solutions adopted by several enterprises.
  • Manufacturers need to interact with various suppliers and partners to obtain the raw materials and resources at the right time and at the right amount to bring finished goods to market.
  • Businesses are actively focusing on several supply chain strategies to boost plant productivity, enhance product quality, and cut down on manufacturing costs.
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  • ERP solutions can support multiple modes, such as make-to-order, engineer-to-order, and configure-to-order, and provide operations support across multiple sites in real time.
  • ERP solution streamlines the path their products go through from supplier to warehouse and finally to store for the customer.
  • As a result, businesses can avoid supply chain disruption.

This theory explains how ERP systems provide support to the supply chain.

So the given statement is True

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d.No effect on the expenses of the current period.

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As the bad debt expense is debited and the allowance for doubtful debt would be credited therefore the option d is correct

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