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uysha [10]
3 years ago
12

Samantha put $18,500 into a savings account. after one month, the savings account grew to $18,962.50. after the second month, it

grew to $19,436.56. after the third month, it grew to $19,922.48. what will be the value of the savings account after one year?
Business
2 answers:
Readme [11.4K]3 years ago
4 0

Answer: $24,747.92  

Based on the given amounts of increased in savings for the first 3 months, we have the following assumptions:

1) That the savings increase by 2.44% monthly

$18,962.50 -18,500=462.50, 462.50/18962*100=2.44%

$19,436.56--$18,962.50=$474.06, 474.06/19,436.56*100=2.44%

$19,922.48-$19,436.56=485.92, 485.92/19,922.48*100=2.44%

2) That the monthly interest for the first 3 months had an incremental of $0.30 monthly

462.50,474.06 and 485.92 has an incremental of 11.56 and 11.86 (with a difference of .30)

Continuing on with the increments gives savings of $24,747.92 in the 12th month.

Lostsunrise [7]3 years ago
3 0

$24,273.60

THIS IS THE RIGHT ANSWER!!! (:

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A Smart Display campaign

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3 years ago
Jerry is feeling very stressed because his boss expects a project to be delivered to the client within a very unreasonable deadl
34kurt

Answer:

The correct answer is letter "B": organizational.

Explanation:

Stress because of organizational factors refers to all those produced as the result of labor activities. Tight deadlines, an overload of duties, low promotion opportunities, insufficient budgets are typical causes why employees could get on their nerves within the work-frame.

4 0
3 years ago
Regardless of whether a business uses FIFO, LIFO, or weighted average cost for its inventory costing system, cost of goods avail
REY [17]

Answer:

Cost of goods available for sale must be allocated at the end of the period between ending inventory and cost of goods sold.

Explanation:

Cost of goods available for sale can be described as the <u>maximum amount</u> of inventory, stock, or goods that is possible for a firm to sell during an accounting period. It is the maximum amount because it is not possible for a firm to sell more than the cost of goods available for sale.

The cost of goods available for sale is obtained by adding beginning inventory and net purchases during an accounting period. This can be stated as follows:

COGAFS = BI + NP ............................... (1)

Where;

COGAFS = Cost of goods available for sale

BI = Beginning inventory

NP = Net purchases

At the end of an accounting period, ending inventory is deducted from the cost of goods available for sale to obtain cost of goods sold as follows:

COGS = COGAFS - EI ............................ (2)

Where;

COGS = Cost of goods sold

COGAFS = Cost of goods available for sale

EI = Ending inventory

Rearranging equation (2) and solve for COGAFS, we have:

COGFAS = COGS + EI ........................... (3)

Equation (3) therefore implies that the correct option is "cost of goods available for sale must be allocated at the end of the period between ending inventory and cost of goods sold".

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The agency's interpretive rules.

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An interpretive rule can be defined as a document issued by an agency so as to help expound or clarify existing administrative laws, regulations and statutes in the public domain.

Basically, an interpretive rule is not required to meet the minimum requirements or criteria specified by the Administrative Procedure Act (APA). Also, an interpretive rule is not considered as a force of law because it is not binding on the general public.

Hence, for insight into a government agency's understanding of the laws it administers, one should consult the agency's interpretive rules for an explanation on the law and regulations it promulgated,

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Financial intermediaries are institutions that offer a service for individuals or institutions who want to save or borrow money. They help to promote a more efficient economy.

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For instance, you need to borrow $200,000 to buy a new house, but none of your friends or family can lend to you. If banks (or other types of financial institutions) didn´t exist, you would have to search your neighborhood or workplace for someone willing to lend you the money. It is possible for you to find a private lender, but it would be time consuming and very inefficient. Instead the easiest way is to go to a bank and ask for a loan.

The same happens if you have saved some extra money. If banks didn´t exist you would have to hide it in your house or other places, or lend it to someone you knew that needed that money and is willing to pay it back with interest. Banks make saving money much more easy and safer.

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