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
Naily [24]
3 years ago
11

Using the rule of 70, about how much would $100 be worth after 50 years if the interest rate were 7 percent?

Business
1 answer:
lions [1.4K]3 years ago
4 0

The rule of 70 states that the doubling time or the time required to double an investment is equivalent to 70 divided by the interest rate. So in this case the interest rate is 7%, so the doubling period is:

doubling period = 70 / 7 = 10 years

 

Therefore the investment doubles every 10 years. So:

0 year = $100

10 year = $200

20 year = $400

30 year = $800

40 year = $1600

50 year = $3200

 

Answer:

<span>$3200</span>

You might be interested in
Why occupation is important <br><br>And give me example ​
Alex17521 [72]

Answer:

Every profession is important in its own way. There are many things which we can't do and if someone is doing that for us then respect should automatically come for that profession and for that person. Every profession deserves respect because every one of those people are contributing to the society.

4 0
3 years ago
The security that represents the residual ownership of a firm and has no priority in bankruptcy is called:________
yawa3891 [41]

The security that represents the residual ownership of a firm and has no priority in bankruptcy is called<u> a convertible bond</u>.

The correct option is A.

<h3>What is bankruptcy?</h3>

People or other entities who are unable to pay their creditors back can seek some or complete relief from their debts through the legal process known as bankruptcy. In most jurisdictions, bankruptcy is mandated by a court order, frequently on the debtor's initiative.

<h3>What is residual ownership?</h3>

The common stockholders are paid out last and only if all other claims have been fully satisfied. The common stockholder is therefore referred to as the company's residual owner.

<h3>What is convertible bond?</h3>

A convertible bond, convertible note, or convertible debt is a kind of bond that allows the holder to convert it into a predetermined number of shares of common stock in the firm issuing it, or cash equivalent to that amount. It is a hybrid security having traits similar to equity and debt.

To know more convertible bond visit:

brainly.com/question/23266690

#SPJ4

I understand that the question you are looking for is:

The security that represents the residual ownership of a firm and has no priority in bankruptcy is called:

A. a convertible bond.

B. senior debt.

C. common stock.

D. preferred stock.

E. retained earnings.

4 0
1 year ago
outline and explain how businesses can apply john kotter's 8 steps of leading change in the workplace
7nadin3 [17]
<span>Kotter's 8 steps of leading change can be applied in managing change.</span><span>Creating a sense of urgency will help spark the initial motivation to get things moving. Forming a powerful coalition will ensure that the change effort is supported by key decision makers. Creating a vision for the change will help make it memorable. Communicating the change will ensure that people's concerns are addressed so that they can embrace it. Removing obstacles will reduce resistance faced. Creating short term wins will provide momentum needed to keep the changes going. Building on change will enable shortcomings to be improved. Anchoring the change on corporate culture will ensure that it sticks. </span>
7 0
3 years ago
The difference between the actual allocation base​ (actual quantity) and the amount of the allocation base that should have been
topjm [15]

Answer:

B. variable overhead efficiency variance

Explanation:

Answer option A, C, and D are incorrect. In variable overhead cost variance, we determine the difference between the actual and budgeted cost. In fixed overhead cost variance, we do not use allocation base cost. Again, in fixed overhead volume variance, we cannot use allocation base cost.

'B' is correct because the difference between the actual allocation base quantity and budgeted allocation base quantity multiplying with the standard rate states the variable overhead efficiency variance. The activity level is required to determine efficiency variance.

6 0
3 years ago
The workers of Tight Footing, a tile manufacturing plant, wanted a raise. However, the management did not want to give the worke
AveGali [126]

Answer:

Soldiering

Explanation:

The principles of scientific management describes how productivity should be carried out in a work place and the different methods and strategies to be applied to ensure smooth and maximum productivity.

Scientific management involves four principles, they include:

1) Viewing a job thoroughly to determine the best way in which the work will be carried out by devising unique methods and approach.

2) Employing and training the right set of individuals to perform the job.

3) Monitoring the performance of the workers.

4) Carrying out a system of division of labour between the management and the workers.

Soldiering can be described as a situation in which workers deliberately carry out their activities below their capacity.

4 0
4 years ago
Read 2 more answers
Other questions:
  • Please I really need help fast I will rate good
    13·1 answer
  • You have been called in as a consultant for the purpose of advising what sales volume quotas for Brand A mouth wash should be es
    7·1 answer
  • On March 1, 2018, Rose Company invests $12,000 in Sprouts, Inc. stock. Sprouts pays Rose a $350 dividend on October 1, 2018. Ros
    8·1 answer
  • Which of the following is a claim against sporting goods giants such as Adidas, Puma, and Nike and the conditions in their inter
    12·1 answer
  • An aging of a company's accounts receivable indicates the estimate of uncollectible receivables totals $4,937.
    13·1 answer
  • Stockholders' equity
    6·1 answer
  • Love It Industries manufactures​ custom-designed playground equipment for schools and city parks. Love It expected to incur $ 78
    6·1 answer
  • A firm has three different investment options. Option A will give the firm $10 million at the end of one year, $10 million at th
    15·1 answer
  • A retailer buys books from publishers for $6 each and prices them for sale to consumers at $9. What percentage markup for these
    12·2 answers
  • Why is productivity growth considered to be the most important factor in the ad/asad/as model?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!