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
ch4aika [34]
3 years ago
6

Penn Station is saving money to build a new loading platform. Two years ago, they set aside $24,000 for this purpose. Today, tha

t account is worth $28,399. What rate of interest is Penn Station earning on this investment?
Business
1 answer:
vekshin13 years ago
4 0

Answer:

0,087792106  = rate

Explanation:

We need to calculate the interest of the investment

principal x (1 + rate)^time = value

replacing with the know values

24,000 x  (1+rate)^2   =  28,399

28,399/24,000      = (1 + rate)^2

sqrt (28,399/24,000)  -1 = rate

now we solve for the unknown value

                0,087792106  = rate

You might be interested in
Tyrrell's small lumber company aims to fulfill the economic foundation of business. What first step must his company take to ach
olga nikolaevna [1]

The  first step must his company take to achieve this goal is: earn profit.

<h3>What is profit?</h3>

Profit is what a person gain from the sell of products after deducting their expenses and other production cost.

In order for the company to achieve their set goals which is to fulfil the economic foundation business they need to first of all earn profits from their business.

Therefore the company needs to earn profit.

Learn more about profit here:brainly.com/question/24553900

#SPJ1

8 0
2 years ago
How to access your federal reserve account?
asambeis [7]
The federal reserve account is the central bank of the United States of America. It is an independent bank in a sense that it does not need the approval of the President or any government authority to forego with their daily transactions. Only institutions have accounts in the federal reserves like commercial banks. An individual cannot access one.
4 0
3 years ago
To create meaningful on social media content that will resonate with audiences, businesses engage in ______________, which is th
Margaret [11]

Answer:

I think the answer ought to be B. Social listening

Explanation:

By definition social listening is Social media measurement, 'social media monitoring' or social listening is a way of computing popularity of a brand or company by extracting information from social media channels. So that seems to be the best fit.

5 0
3 years ago
When interacting with a small number of rival​ firms, a manager uses a?
vaieri [72.5K]
It is known as a Strategy. An association's methodology that joins the greater part of its advertising objectives into one extensive arrangement. A decent showcasing procedure ought to be drawn from statistical surveying and concentrate on the correct item blend keeping in mind the end goal to accomplish the most extreme benefit potential and maintain the business.
6 0
3 years ago
QS 9-9 Recording warranty repairs LO P4 On September 1, Home Store sells a mower (that costs $220) for $520 cash with a one-year
yKpoI14uk [10]

Answer and Explanation:

The journal entries are shown below:

On September 1

Cash $520

      Sales $520

(Being the sale is recorded)

On September 1

Cost of goods sold $220

    To  Merchandise inventory $220

(Being the cost is recorded)

On September 1

Warranty expense $41.6  ($520 × 8%)  

   To Estimated warranty liability  $41.60

(Being the warranty expense is recorded)

On July 24

Estimated warranty liability $36  

        To Repair parts inventory $36

(Being the estimated warranty liability is recorded)

6 0
3 years ago
Other questions:
  • Who among the following is associated with contributions to quality control in operations management? Henry Ford Charles Babbage
    15·1 answer
  • Which of the following is true about the Institutional Environment?
    13·1 answer
  • Management Services, Inc. provides services to clients. On May 1, a client prepaid Management Services $60,000 for 6-months serv
    5·1 answer
  • Aspen Technologies has the following budget data: Estimated direct labor hours 10,400 Estimated direct labor dollars $63,700 Est
    9·1 answer
  • A car loan requiring quarterly payments carries an APR of 8%. What is the effective annual rate of interest?
    11·1 answer
  • A stock has a beta of 1.4, an expected return of 17.2 percent, and lies on the security market line. A risk-free asset is yieldi
    10·1 answer
  • Hot Dog Express (HDE) is currently buying its buns from Buns-For-All for $0.50 per dozen. Each month, it purchases 14,000 dozen
    11·1 answer
  • TRADE OFFER<br> I receive your laugh you receive meme and points
    12·1 answer
  • SKRAM Corporation is appealing directly to the shareholders of IDNIC Corporation to acquire shares of IDNIC stock. This appeal i
    10·1 answer
  • Explain why it is worthwhile to keep a theater open during the afternoon, at a time when there are fewer customers than in the e
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!