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
Nitella [24]
3 years ago
8

Please assist with the answer

Business
1 answer:
otez555 [7]3 years ago
5 0

Answer: $1203.83

Explanation: Continuous compounding is a great thing if you are earning on an investment. It says that the principal is constantly earning interest and the interest on interest is also compounding continuously. The formula for the continuous compounding is:

A = P*e^(r*t)

where, A = $2600

e = the mathematical constant e (2.7128)

r = 11%

n = 7 years

By inputting the above variables in the formula,

$2600 = P * e^(0.11*7)

$2600 = P * e^(0.77)

$2600 = P * 2.159766

P = $1203.834

Therefore, the amount to be invested today will be $1203.834

You might be interested in
Ivanhoe, Inc. received the following information from its pension plan trustee concerning the operation of the company's defined
Setler79 [48]

Answer:

The pension expense for 2021 = $543,500

Explanation:

Service cost = $523,000

Amortization of prior service cost = $113,000

Settlement rate = 11%

Projected benefit obligation = $1,450,000

Accumulated benefit obligation = $3,600,000

Note: The necessary calculations are in the table attached as a file to this solution.

4 0
3 years ago
Discuss any 5 measures introduced by the government to fight poverty in south Africa​
Sergeeva-Olga [200]

Answer:

<h3>⭐Programmes that will lessen poverty in the long term include: education and capacity development, land redistribution, promoting economic development and job creation, building houses, providing water, sanitation and electricity, and building schools and clinics.</h3>
5 0
3 years ago
Scenario II:
solmaris [256]

Answer:

Pay tuition first

Explanation:

Mrs. Das should pay the tuition fee of her children first from the $5000 balance with her, this is to enable the children take their exams without any distraction. Failure to pay their tuition may also mean that the children will spend an additional year in some cases. Therefore to avoid inflicting psychological distress on the children, paying the children's tuition will be made priority.

Also, settling Avon before the due date is important too and if I were in her shoes may decide to return or sell some of the goods purchased from her because it could be seen that Mrs. Das was carried away by Avon's stock and purchased more than those things which they needed most importantly.

3 0
3 years ago
Grib Corporation uses a predetermined overhead rate based on direct labor cost to apply manufacturing overhead to jobs. The pred
gregori [183]

Answer:

$270,000

Explanation:

Calculation of total manufacturing cost assigned to Job 436

Direct Materials

Dept A                                                   $50,000

Dept B                                                    $10,000

Direct Labor

Dept A      ($80,000 x 1/2)                   $40,000

Dept B                                                   $60,000

Manufacturing Overheads

Dept A                                                   $80,000

Dept B   ($60,000 x 50%)                    $30,000

Total                                                     $270,000

Therefore,

The total manufacturing cost assigned to Job 436 was $270,000.

8 0
3 years ago
Sarah's dog had purebred puppies that she decided to sell on www.puppyfind.com. She ships them using an airline. If a puppy dies
klemol [59]
I think it might be the first option
7 0
3 years ago
Other questions:
  • Section 1239 recharacterizes gain on the sale of depreciable property to related person as ordinary income.
    6·1 answer
  • After reading an essay or other assigned material, you can enhance and clarify your understanding by creating graphic organizer
    10·1 answer
  • Martha worked for a marketing company with a casual atmosphere and informal culture. The company declared bankruptcy. Martha can
    10·1 answer
  • Tracy transfers property with a value of $60,000 and adjusted basis of $50,000 to form Riley Corp. solely in exchange for all 10
    15·1 answer
  • Since graduating from college five years ago, you have worked for a national chain of men's clothing stores. You have held sever
    11·1 answer
  • Now discuss with suitable examples how the issue price of bonds payable is determined? When does the issue price results in a di
    7·1 answer
  • What happens in your retirement if you have a lapse in your years of work history?
    14·1 answer
  • 18. In the current year, Marc, a single taxpayer, has ordinary income of $35,000. In addition, he has $3,000 in short-term capit
    6·1 answer
  • The most common type of two-year college is called a(n):
    10·1 answer
  • Categorize each scenario as describing a movement along a demand curve or a shift of the demand curve.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!