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Free_Kalibri [48]
4 years ago
10

At 8.5 percent interest, how long does it take to double your money? (do not round intermediate calculations and round your answ

er to 2 decimal places,
e.g., 32.16.) length of time 17 years at 8.5 percent interest, how long does it take to quadruple your money? (do not round intermediate calculations and round your answer to 2 decimal places,

e.g., 32.16.) length of time 34 years
Business
1 answer:
REY [17]4 years ago
4 0

Using the Rule of 72, it would take 8.47 years to double at 8.5% interest.

The rule of 72 is very simple: divide 72 by the fixed interest rate to determine number of years it will take for an investment to double.

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Managerial employment risk is the: Group of answer choices risk that managers will behave opportunistically. risk undertaken by
klemol [59]

Answer:

Managers' risk of job loss, loss of compensation, and/or loss of reputation.

Explanation:

Managerial employment risk is basically the risk of loss associated to the managers for being a manager.

It not only involves the loss of losing job, but as the person is a manager there is a serious risk attached in the form of loss of reputation and not getting any other job in the market because of poor reputation.

As the managers are responsible for the functioning of any company, and that the performance is equally important and represents the performance of a manager.

If company performs good the manager is called efficient whereas if the company do not perform good, the manager is called inefficient.

Accordingly, a manager faces the risk of losing job, reputation and without even getting any compensation.

8 0
4 years ago
Jose Consulting paid $540 cash for utilities for the current month. Determine the general journal entry that Jose Consulting wil
elena-14-01-66 [18.8K]

Answer: Utilities Expense 540 Cash 540

Explanation:

Journal entry simply refers to the recording of transactions in a company's books. It should be noted that every transaction entered in the general ledger begins with a journal entry.

With regards to the question, the journal entry will be:

Debit Utilities expense $540

Credit Cash $540

3 0
3 years ago
Pet Supply purchased $62,800 of fixed assets two years ago. The company no longer needs these assets so it is going to sell them
abruzzese [7]

Answer:

$29,648.12

Explanation:

For computing the net cash flow from the sale, first we have to compute the book value and loss or gain on sale which is shown below:

Book value on selling date = Purchase Cost - Accumulated depreciation for two years

= $62,800 × (1 - 0.2 - 0.32)

= $62,800 × 0.48

=$30,144

Now the loss on sale would be

= Book value - sale price

= $30,144 - $29,500

=$644

So, the net cash flow would be

= Sale value of fixed assets + (loss on sale of fixed assets × firm Tax rate)

= $29500 + ($644 × 23%)

= $29,500 + $148.12

= $29,648.12

5 0
3 years ago
National governments frequently borrow money to fund current expenditures how to find prior year debt
taurus [48]

National governments usually borrow money to fund their current expenditures as it to cover up their debts

4 0
3 years ago
n 1982 the inflation rate hit 16%. Suppose that the average cost of a textbook in 1982 was $25. What was the expected cost in th
Elis [28]

Answer:

Total number of years = 35

a. Expected cost in 2017 = $25 * e^(35*0.16)

Expected cost in 2017 = $25 * e^5.6

Expected cost in 2017 = $25 * 270.42

Expected cost in 2017 = $6,760.50

b. If the average cost of a textbook in 2012 was $150, then the actual inflation rate:

150 = 25 * e^(r*t)

150 = 25 * e^(r*30)

6 = e^(r*30)

Taking log base e on both side

30r = Ln6

30r = 1.7918

r = 1.7918/30

r = 0.05972667

r = 5.97%

So,  actual inflation rate is 5.97%

6 0
3 years ago
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