All categories

3 years ago

How much money has to be invested at 5.1% interest compounded continuously to have $17,000 after 14 years?

1 answer:

8 0

We will use the formula; A = Pe^(r*t)
Given;
A = 17,000
r = 5.1%
t = 14
Solution;A = Pe^(r*t) Compounding continously
17,000 = Pe^(.051*14)
17,000/e^(.714) = P
$8324.59 = P
The money that has been invested at 5.1% interest and compounded contiounsly to have 17,000 after 14 years is $8324.59

You might be interested in

What are your thoughts on Encanto?

Arisa [49]

Answer:

iTS GREAT

Explanation:

The cgi on the dresses and hats and hair looks realistic from and weight stand point

7 0

3 years ago

Read 2 more answers

Max is in charge of production for a family-owned firm that makes and sells sports gloves including baseball gloves, softball gl

Zina [86]

Answer:

C. Well Max, speed isn't everything. What would exceed our customers' expectations? Some consumers may put more importance on high quality and/or lower prices.

Explanation:

As a consumer, it is not only the timely delivery, but a great quality deal with low price.

What if the goods are received really fast, but the quantity and quality do not satisfy the needs of the customers.

The quality, price and quantity are more important than the time, on an average the product shall be delivered on time, but if it delivered before the expected time, it is an add on.

But the timely delivery is not the sole consideration to be focused for gaining competitive advantage.

Therefore, Statement C is correct.

7 0

3 years ago

An election is being held to fill three seats on the board of directors of a firm in which you hold stock. The company has 8,200

Mademuasel [1]

Answer:

1621 Shares

Explanation:

Calculation to determine how many more shares must you buy to be assured of earning a seat on the board

First step is to determine the shares needed

Shares needed = [1/4 (8,200) + 1]

Shares needed= 2050 + 1

Shares needed= 2051

Now let determine how many more shares must you buy

Buy =2051 -430

Buy= 1621 shares

Therefore how many more shares must you buy to be assured of earning a seat on the board will be 1621 Shares

6 0

3 years ago

The 2013 and 2014 balence sheet for Northwest plumbing showed cash of $6,500 and $8,000 respectively. Accounts receivable of $15

ankoles [38]

Answer:

The cash conversion cycle for 2014 was 105 days.

Explanation:

To calculate the Cash Conversion Cycle you need first to calculate three indicators that are the components of the Cash Conversion Cycle.

DIO - Days of Inventory Outstanding

DSO - Days Sales Outstanding

DPO - Days Payables Outstanding

The CCC is the sum of DIO + DSO - DPO

Please see details below:

CCC - Cash Conversion Cycle = 105 days

DIO - Days of Inventory Outstanding = 99 days

Average Inventory $15.750

Cost Of Goods $58.000

DSO - Days Sales Outstanding = 57 days

Accounts Receivable $18.000

Sales $116.000

DPO - Days Payables Outstanding = 50 days

Accounts Payables $8.000

Cost Of Goods $58.000

5 0

3 years ago

Characteristics of budgets include: (Check all that apply.) Multiple select question. a focus on the past. typically span a mont

const2013 [10]

Answer:

I. typically span a month, quarter or one year.

II. expressed in monetary terms.

III. formal statement of a company's plans.

Explanation:

A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year.

Basically, budgets are usually compiled, analyzed and re-evaluated on periodic basis such as monthly, quarterly or annually.

Some of the important characteristics of budgets include:

I. It typically span a month, quarter or one year.

II. It's expressed in monetary terms.

III. It's a formal statement of a company's plans.

Furthermore, some of the benefits of having a budget are; it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.

6 0

3 years ago