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
Rashid [163]
3 years ago
15

Your grandfather started his own business 52 years ago. He opened an investment account at the end of his third month of busines

s and contributed $x. Every three months since then, he faithfully saved another $x. His savings account has earned an average rate of 5.73 percent annually. Today, his account is valued at $289,209.11. How much did your grandfather save every three months assuming he saved the same amount each time?
a. $284.02
b. $262.25
c. $331.09
d. $226.78
e. $328.67
Business
1 answer:
Yakvenalex [24]3 years ago
6 0

Answer:

The answer is:D) $226.78

Explanation:

To calculate the amount of money your grandfather deposited every 3 months during 52 years to get $289,209.11 we can use an excel spreadsheet and the payment function =PMT(rate,nper,pv,fv)

where:

  • rate = 5.73% / 4 = 1.4325%
  • nper = 52 x 4 = 208
  • pv = 0
  • fv = 289,209.11

PMT = $226.78

You might be interested in
Select the false statement from the following.
lesantik [10]

Answer: Option C.

General,selling and administrative cost cannot be assigned to a cost object.

Explanation:

General, selling and adminstrative cost is the total of both direct and indirect selling cost, administrative cost and all general cost of the organisation. This cost include all the non production cost that they company incured at a specific time bond i.e cost to sell, cost to deliver product and services, rent, cost to manage the company, marketing expenses, salaries, accounting, bonuses e.t.c.

It is not assigned to a cost object because it is general ,cost of selling, and administrative cost.

7 0
3 years ago
_____ function of management is when a manager is responsible for organizing a staff and making sure the staff members have the
BARSIC [14]

The organizing function of management is when a manager is responsible for organizing staff and making sure the staff members have the necessary resources to do their jobs. This is further explained below.

<h3>What is the Organizing function of management?</h3>

Generally, In order to achieve goals, the role of management is to establish an organization's structure and allocate human resources.

In conclusion, Management's organizing role is to ensure that employees are properly organized and equipped to carry out their duties.

Read more about  management

brainly.com/question/14523862

#SPJ1

6 0
2 years ago
Suppose a​ profit-maximizing monopolist is producing 12001200 units of output and is charging a price of ​$60.0060.00 per unit.
antiseptic1488 [7]

Answer:

Marginal Cost = $30

Explanation:

Given that

Price = $60

Elasticity of demand = -2

Recall that

MC = P(1 + 1/Ed)

From monopolist pricing rule as a function of elasticity of demand.

Where MC = marginal cost

Ed = elasticity of demand = -2

Thus

MC = 60 (1 + 1/-2)

= 60 (1 + [-0.5])

= 60 ( 1 - 0.5)

= 60 (0.5)

= 30

MC = $30

6 0
3 years ago
Mauve Company permits employees to occasionally use the copying machine for personal purposes. The copying machine is located in
wlad13 [49]

This is a <u>false</u> statement.    

<u>Explanation</u>:

The employees of Mauve Company are permitted to use the copying machine in the office for personal purpose occasionally. The copying machine is placed in the room where the higher officials work. So the use of the machine was limited. It is difficult for the low wage employees and employee working in warehouse to use the copying machine as the machine is placed in high official’s room. So the low wage employees never use the copying machine. The use of the copying machine may not be excluded from gross income as the benefit is unfair.

3 0
3 years ago
1.   Workplace communication can suffer when individuals
bonufazy [111]

Workplace communication can suffer when individuals use text lingo or emoticons. Correct answer:A

It is very important companies to have good workplace communication because it helps them to be productive and operate effectively. Emoticons aren't universal and they can get lost in translation. They also make you seem less competent. However, if your workplace is informal, emoticons are likely more acceptable.

8 0
3 years ago
Read 2 more answers
Other questions:
  • An exclusive control like in a business A. Bureaucracy B. Balance and Trade C. Monopoly D. Checks and Balances
    8·2 answers
  • Wildhorse Co. uses a periodic inventory system. Details for the inventory account for the month of January 2017 are as follows:
    13·1 answer
  • The U.S. GAAP lower of cost or market rule for inventories may be applied to total inventory, to groups of similar items, or to
    8·1 answer
  • The Bankruptcy Abuse Prevention and Consumer Protection Act allows the bankruptcy court to disallow a petition for a Chapter 7 b
    5·1 answer
  • Which loan type requires you to make loan payments while you’re attending school?
    9·2 answers
  • The Eastern District of Adelson Inc. is organized as a cost center. The budget for the Eastern District of Adelson Inc. for the
    14·1 answer
  • Who is a shareholder? A Shareholder is the partial owner of the company who purchases and owns _____ in a company.
    13·2 answers
  • On August 1, 2022, Burdick Co. issued bonds with a face value of $600,000. The bonds carry a stated interest rate of 8%; interes
    9·1 answer
  • Alan tells Sherry that he will pay her $5,000 if she runs the Boston Marathon. Once Sherry starts running the marathon, Alan, le
    12·1 answer
  • Technology does not necessarily result in better decisions, because the information produced may not support the information req
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!