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1 year ago

You deposit $300 in a bank account that earns 4ompound interest annually. what is the value of your $300 in 10 years?

1 answer:

5 0

You deposit $300 in a bank account that earns 4% compound interest annually. $444 is the value of your $300 in 10 years.

Compound interest happens whilst interest gets added to the primary amount invested or borrowed, after which the hobby rate applies to the new (large) principal. it's essential interest in the hobby, which over the years ended in the exponential boom.

Compound interest is while you upload the earned hobby lower back into your important stability, which then earns you even extra interest, compounding your returns. shall we say you have got $1,000 in a savings account that earns 5% in annual interest. In 12 months, you would earn $50, giving you a brand new balance of $1,050.

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when pietro, a new restaurant owner, is determining which products to offer on his menu, he is involved in the management functi

Arte-miy333 [17]

When pietro, a new restaurant owner, is determining which products to offer on his menu, he is involved in the management function of planning.

This statement is true.

Planning means looking ahead and chalking out the future courses of action to be followed. It is a preparatory step of every management . It is a systematic activity which determines the process of when, how and who is going to perform a specific job.

Planning is a detailed programme which is related to future courses of action.

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5 0

1 year ago

A broker, acting as the agent of a seller, must deal honestly and fairly with whom? Group of answer choices

Doss [256]

Answer:

Everyone involved in the transaction

Explanation:

As an agent of the seller, the broker has a fiduciary duty with the seller (principal) to act of behalf of his/her best interest.

But the broker must also act honestly with the buyer, if the broker closes a deal using dishonest or unfair practices, e.g. forging documents, then the buyer might claim damages from both the broker and the seller.

And of course the broker should also make sure that his/her own rights are respected and his/her work is properly paid.

8 0

3 years ago

A group of newly recruited employees were bullied by senior members of the facilities team. Jodie, one the team members who witn

ch4aika [34]

Answer:

B) Upward communication

Explanation:

Upward communication defines that the employees follow hierarchy from downward to upward which means a lower employee to a higher. For example Worker to supervisor and supervisor to Manager. Upward communication is the most effective source in every organization as traditional forms of communication increasingly become less common.

Therefore as per the situation, Senior members of the facilities team had intimidated a group of newly hired workers. Jodie, one of the team members who observed the event, wrote a letter detailing the harassment incident to her division manager. In this case, Jodie is engaging in upward communication.

5 0

3 years ago

Accounts receivable from sales to customers amounted to $40,000 and $32,000 at the beginning and end of the year, respectively.

natima [27]

Answer:

a. $118,000

Explanation:

When preparing a cash flow statement, using indirect method we add decrease in current assets and we deduct increase in current assets.

Here it is provided that income reported = $110,000

Opening balance of accounts receivables = $40,000

Closing balance of accounts Receivables = $32,000

Change in Accounts receivables = Closing - Opening = $32,000 - $40,000 = - $8,000

Therefore there is decrease in accounts receivables which is a current asset.

Thus Cash Flow from operating activities

Net Income = $110,000

Add: Decrease in current assets = $8,000

Net cash flow from operating activity = $118,000

Correct option is

a. $118,000

6 0

3 years ago

A comparative balance sheet for Culver Corporation is presented as follows.

laila [671]

Answer:

Increase in cash = $50,740

Explanation:

The statement of cash flows for 2020 can be prepared as follows:

Culver Corporation

Statement of Cash Flows

For December 31, 2020

Particulars $ $

Net income 127,440

Adjustment to reconcile net income:

Depreciation expenses (w.1) 26,740

(Increase) decrease in current assets:

Increase in accounts receivable (w.2) (15,740)

Decrease in inventory (w.3) 9,260

Increase (decrease) in current liabilities:

Decrease in accounts payable (w.4) (13,260)

Net cash from operating activities 134,440

Cash Flow from Investing Activities

Sales of land (w.5) 39,260

Purchase of equipment (w.6) (59,740)

Net cash from investing activities 20,480

Cash Flow from Financing Activities

Cash dividends paid (63,220)

Net cash from financing activities 63,220

Increase / (Decrease) in cash 50,740

Beginning cash balance 22,000

Ending cash balance  72,740

Workings:

w.1: Depreciation expenses = Accumulated Depreciation in 2020 - Accumulated Depreciation in 2019 = $70,220 - $43,480 = $26,740

w.2: Increase in accounts receivable = Accounts receivable in 2020 - Accounts receivable in 2021 = $83,220 - $67,480 = $15,740

w.3: Decrease in inventory = Inventory in 2020 - Inventory in 2019 = 181220 190480 = -$9,260

w.4: Decrease in accounts payable = Accounts payable in 2020 - Accounts payable in 2019 = ($35,220 - $48,480) = $13,260

w.5: Sales of land = Land in 2019 - Land in 2020 = ($111,480 - $72,220) = $39,260

w.6: Purchase of equipment = Equipment in 2020 - Equipment in 2019 = $261,220- $201,480 = $59,740

7 0

3 years ago