1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
svp [43]
2 years ago
6

Each of the following situations is independent. Work out your own solution to each situation, and then check it against the sol

ution provided.The Morgans would like to send their daughter to a music camp at the end of each of the next five years. The camp costs $1,000 a year. What lump-sum amount would have to be invested now to have $1,000 at the end of each year if the rate of return is:Twelve percent?
Business
1 answer:
saw5 [17]2 years ago
8 0

Morgan will get $1600 with the process of simple interest.

<h3>what is simple interest?</h3>

Simple interest is calculated based on a loan's principal or the initial deposit into a savings account. Simple interest doesn't compound, therefore a creditor will only charge interest on the principal sum, and a borrower will never be required to pay further interest on the interest that has already accrued.

Rate of interest = 12%

principal = $1000

Time = 5 years

Simple interest

=\frac{1000 \times 5 \times 12}{100}\\=600

Now amount = 1000+600 = 1600.

Therefore, Morgan will get $1600.

To learn more about simple interest from the given link

brainly.com/question/25793394

#SPJ4

You might be interested in
Philippe wants to make sure of the success of his new doggy day care, PAWS, by employing the steps in the basic planning process
Nataliya [291]

Answer:

Full Business Considerations

Efficient Facilities

A Cost-Effective Advertisement

He must Define his Services

He must outline his Service Prices

Carry out interviews for New Clients

With all of these steps being adhered to, Philippe's business will indeed be great!

6 0
3 years ago
The __________ is based on all the goods and services produced in the economy, which make it a current-weights index. eco203
podryga [215]

Answer:

The __Paasche Index or Current-Weighted Index_______ is based on all the goods and services produced in the economy, which make it a current-weights index.

Explanation:

The Current-Weighted Index is an index that calculates the weighted average of prices or quantities or with the weights used proportionate to the quantities or prices of the goods.  At regular intervals, the weights have to re-calculated in line with the current realities.  This regular re-calculation of the weights, which is the basis for its name, makes it current.

8 0
3 years ago
Compute the total manufacturing cost for a manufacturer with the following information for the month. Raw materials purchased $
olga_2 [115]

Answer:

Cost of goods manufactured= $87100

Explanation

Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.

Generally accepted accounting principles require that the cost of goods sold shall consist of:

the cost of direct materials

the cost of direct labor

the cost of manufacturing overhead

Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. They are reported as expenses on the income statement in the accounting period in which they occur.

In this exercise:

<u>Cost of goods manufactured:</u>

Direct materials= $56,000

Direct Labor=$15,600

Factory overhead=Factory supervisor salary+ Depreciation expense+Indirect materials= 10,000 +3,700+1,800= $15,500

Total= $87100

Note: Salesperson commissions and  Depreciation expense Delivery equipment are not included in factory overhead

4 0
3 years ago
What type of a seating arrangement is suitable in case a meeting requires intense interaction
ankoles [38]

I believe the answer you are looking for is open seating arrangement - nobody has assigned seats and people can move around freely to interact with whoever they like. This improves collaboration and communication among the people in the meeting.

4 0
3 years ago
Conventional wisdom says one should measure a manager's investment performance over an entire market cycle. What arguments suppo
White raven [17]

Answer:

In every form of analysis, it is always safer to take a macro or holistic view of the situation. This is true for the investment performance of a manager. One investment decision that went right does not suffice to classify an investment portfolio manager as proficient, neither is one that went south enough to tag him deficient.

The forecasting ability of managers, on the balance of probability, will vary for different cases, with a helicopter view of providing a more accurate measure of their performance.

However, if it was possible to analyse the market for volatility and adjust our forecasts it becomes unnecessary to look at and analyse all the information from a 12-month cycle before coming to terms about the performance of the manager.

Cheers!

4 0
3 years ago
Other questions:
  • Priscilla has the following inventory information.
    6·1 answer
  • On January 1, 2021, Hoosier Company purchased $940,000 of 10% bonds at face value. The bond market value was $985,000 on Decembe
    14·1 answer
  • Which is the primary factor taken into consideration during distribution of grants and loans among eligible students
    5·2 answers
  • Denise has her heart set on being a millionaire. What payment does Denise need to make at the end of each month over the coming
    15·1 answer
  • Specialty Auto Parts Company uses the indirect method to prepare its statement of cash flows. Refer to the following information
    10·1 answer
  • Assume the world market for oil is competitive and that the marginal cost of producing another barrel of oil is $79.40 and the m
    6·1 answer
  • Help
    5·1 answer
  • How do I calculate current ratio
    8·2 answers
  • Which of the following is generally regarded by academics as being the best single method for evaluating capital budgeting proje
    14·1 answer
  • For each of the situations described, determine whether the firms involved are part of a cartel or are simply colluding. a. Land
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!