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Lelechka [254]
3 years ago
6

Ashley has a large and growing collection of animated movies. She wants to replace her old television with a new LCD model, so s

he has started saving for it. At the end of each year, she deposits $1,620 in her bank account, which pays her 10% interest annually. Ashley wants to keep saving for two years and then buy the newest LCD model that is available. Ashley’s savings are an example of an annuity. How much money will Ashley have to buy a new LCD TV at the end of two years?
Business
1 answer:
Lelu [443]3 years ago
4 0

Answer:

$3,402

Explanation:

We are to calculate the future value of the annuity

The formula for calculating future value = A x (B / r)

B = [(1 + r)^n] - 1

R = interest rate

N = number of years

(1.10)² - 1 = 0.21

$1,620 x( 0.21 / 0.1) = $3,402

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chubhunter [2.5K]

Answer:

D. FreshDirect shares warehouse space with farmers and livestock producers

Explanation:

FreshDirect does not share its own resources with the supplier in order to get a lower rate. If it does that , he would be practicing a business model which has different entities attached to each other to work for greater goal.

Here, this is not the case. FreshDirect tends to look for out of the box ways to lower supplier cost but "FreshDirect shares warehouse space with farmers and livestock producers" is not one of those ways.

8 0
3 years ago
Handerson Corporation makes a product with the following standard costs: Standard Quantity or Hours Standard Price or Rate Direc
natali 33 [55]

Answer:

Direct material quantity variance= $10,980 unfavorable

Explanation:

Giving the following information:

Standard Price or Rate Direct materials 8.5 kilos $ 6.00 per kilo

The company reported the following results concerning this product in August. Actual output 3,200 units Raw materials used in production 29,030 kilos Purchases of raw materials 31,600 kilos. Actual cost of raw materials purchases $ 195,920

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Standard quantity= 8.5*3,200= 27,200 kg

Actual quantity= 29,030kg

Standard price= $6

Direct material quantity variance= (27,200 - 29,030)*6= $10,980 unfavorable

5 0
4 years ago
Review the following sources and decide if they are reliable and relevant.
JulsSmile [24]

Answer:

CNN business is left wing( which means it will tilt the info to fit the party)

Try using something neutral

6 0
3 years ago
What do you think Anielski means by the phrase
Veronika [31]

Answer: yes I agree the him

Explanation:

4 0
2 years ago
A much-used and potent managerial tool for determining whether a company performs particular functions or activities in a manner
Romashka [77]

Answer:

The correct answer is letter "E": benchmarking.

Explanation:

Benchmarking is a continuous process by which products, services or work processes of leading entities are taken to be compared to our company so after the analysis improvements can be made and implemented. Benchmarking is defined as the model of excellence from which the "best practices" can be obtained in favor of our own company.

8 0
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