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Alexandra [31]
3 years ago
7

You are tearing down a building and find $1 in change that someone lost when working on the building 140 years ago. If, instead

of being careless with the $1 in change, this person had deposited it into a bank and earned 2 percent interest every year for 140 years, how much would be in the account today according to the rule of 70?
a. $8
b. $32
c. $4
d. $16
Business
1 answer:
igor_vitrenko [27]3 years ago
6 0

Answer:

The correct answer is D: $16

Explanation:

The rule of 70 is a means of estimating the number of years it takes for an investment or your money to double.

Number of Years to Double= 70/Annual Rate of Return

In this exercise= 70/2= 35 years

Every 35 years the investment duplicates.

35 years= $2

70 years= $4

105 years= $8

140 years= $16

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Explanation:

 The first line manager basically operate the various types of tasks in the specific department such as assigning the specific task, monitoring and also managing the overall overflow in an organization.

According to the given question, the first line manager is also known as supervisor where they can make the short team decisions and also directing the non-managerial task to the employees in an organization.

Therefore, First line manager is the correct answer.

8 0
3 years ago
In a research proposal, which section comes first?
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Answer:

a. introduction

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Based on this graph, why are there upper and lower limits for the $?
REY [17]

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Answer: Option D.

<u>Explanation:</u>

A fixed exchange rate, now and again called a pegged exchange rate, is a kind of swapping scale system in which a cash's worth is fixed or pegged by a money related authority against the estimation of another money, a container of different monetary forms, or another proportion of significant worth, for example, gold.

In this case, the exchange rate is fixed because the limits are fixed in this case.

8 0
3 years ago
Sweat equity, and other methods of reducing the initial cost of getting a company off the ground without resorting to amassing o
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3 0
3 years ago
A customer has requested that Byrd Corporation fill a special order for 9,000 units of product S51 for $20.50 a unit. Product S5
e-lub [12.9K]

Answer:

Effect on income= $4,500 increase

Explanation:

Giving the following information:

Special offer: 9,000 units of product S51 for $20.50 a unit.

Direct materials $ 3.10

Direct labor 1.50

Variable overhead 6.40

The customer would like modifications made to product S51 that would increase the variable costs by $5.00 per unit and that would require an investment of $36,000 in special molds that would have no salvage value.

<u>Because it is a special offer, we will not have into account the fixed costs.</u>

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Effect on income= $4,500 increase

8 0
3 years ago
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