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fiasKO [112]
3 years ago
5

Riley says that the present value of $700 one year from today if the interest rate is 6 percent isless than the present value of

$700 two years from today if the interest rate is 3 percent. Anh saysthat $700 saved for one year at 6 percent interest has a smaller future value than $700 saved fortwo years at 3 percent interest.a. Both Riley and Anh are correct.b. Both Riley and Anh are incorrect.c. Only Riley is correct.d. Only Anh is correct.
Business
1 answer:
devlian [24]3 years ago
6 0

Answer:

A) Both Riley and Anh are correct.

Explanation:

to see who is right we can calculate:

PV = FV / (1 + r)ⁿ

FV = PV x (1 + r)ⁿ

Riley's statement:

PV = $700 / (1 + 6%) = $660.38

PV = $700 / (1 + 3%)² = $659.82

Riley is right

Anh's statement:

FV = $700 x (1 + 6%) = $742

FV = $700 x (1 + 3%)² = $742.63

Anh is right

They are both right due to compound interest, since compound interest means that the interest earned will also earn more interest.

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In the short run:
prisoha [69]

Answer:

C)some inputs are fixed and some inputs are variable.

Explanation:

Usually, the fixed cost are usually fixed for a some levels of activity. However, as the level of activities increases, the fixed cost may also increase.

Variable cost on the other hand changes directly as the level of activities (say number of units produced) changes.

As such, in the short run, some inputs are fixed and some inputs are variable.

Option C is right.

8 0
3 years ago
The planning cycle is viewed as a linear process with a sequence of steps; however, it can also be considered cyclical so that a
Lisa [10]
A linear process with a sequence
5 0
1 year ago
What leadership approach is considered the most dominant among the styles and why?
Lana71 [14]

Answer:                        

Democratic leadership approach

Explanation:

Democratic leadership, often recognized as participatory leadership, is a form of management style wherein team members play a much more participatory position in the procedure of  making business decisions.

        The option to engage is provided to all in such a framework, ideas are openly shared and conversation is promoted. Because the democratic process focuses solely on the equal rights of groups as well as the unlimited flow of information, the team leader is only there to provide advice and influence.

Such style of leadership will extend from private companies to schooling to the government to any entity. That's why it is considered to be most dominating.

4 0
3 years ago
Harvey's Wholesale Company sold supplies of $46,000 to Northeast Company on April 12 of the current year, with terms 1/15, n/60.
victus00 [196]

Answer:

D) Cash 45,540 Accounts receivable 45,540

Explanation:

The journal entry is shown below:

Cash A/c Dr $45,540

        To Accounts receivable A/c  $45,540

(Being cash is received in respect of goods sold)

The computation is shown below:

= Sold value of supplies - the sold value of supplies × discount percentage

= $46,000 - $46,000 × 1%

= $46,000 - $460

= $45,540

Since the net method is used so we debited the cash account and credited the account receivable account.

8 0
3 years ago
Your boss wants you to blog primarily about your company news, its services, and various corporate events. What is your response
vazorg [7]

Answer:

2. "That’s not a good idea. We’re trying to attract new visitors with our posts. These people haven’t yet heard of our company. If we write about ourselves, they won’t find us organically."

Explanation:

As in the question, it is mentioned that the company want the people to know about the company, its services, news, etc

The company want to do the promotion by advertisements, social media so that more and more people could be connected with the company

By writing an interesting posting, the new visitors could be attracted which reflects a good sign for the company.  

If we write about ourselves so there would be no use as our primary purpose is to promote our company so that more and more person get to know about it

6 0
3 years ago
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