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Troyanec [42]
3 years ago
7

Albend Holmes wants to deposit $4,500 in a bank account that pays 8.25 percent annually. How many years will it take for his inv

estment to grow to $10,000? (Round off to the nearest year.)\
Business
1 answer:
vova2212 [387]3 years ago
4 0

Answer:

10 years

Explanation:

A = P(1 + r)^n

A (amount) = $10,000

P (principal) = $4,500

r = 8.25% = 0.0825

10,000 = 4,500(1 + 0.0825)^n

10,000/4,500 = 1.0825^n

2.22 = 1.0825^n

Log 2.22 = Log1.0825^n

nLog1.0825 = Log2.22

n = Log2.22/Log1.0825 = 0.3464/0.034 = 10 years (to the nearest year)

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You form an alliance with a group of your coworkers at the office and agree that you will only discuss group-related matters at
8_murik_8 [283]

Answer:

d. Group Norm

Explanation:

Group Norms are informal rules that generally discourage behaviors that impede the efficacy of a group and and encourage the group to work efficiently.

They are regulations that groups adopt that ensure some form of order and they are also a reflection of the expectation of members of the group should interact and work.

Here, agreeing that members of the group will only discuss group-related matters at 1pm on Wednesdays is an example of a Group Norm because;

1. It is an unwritten rule

2. It is majorly to ensure that order is maintained so that the purpose of the group remains undefeated.

3 0
3 years ago
Dean Brothers Inc. recently reported net income of $1,500,000. The company has 300,000 shares of common stock. The stock current
vladimir1956 [14]

Answer:

$75

Explanation:

The formula to compute the price -earning ratio is shown below:

Price earning ratio = Market price ÷ Earning per share

where,

Market price is $60

And the earning per share is

= ($1,500,000 ÷ 300,000 shares)

So, price earning ratio is 12

Now the company stock price is

$12 = Stock price ÷ (2,500,000 ÷ 400,000)

So, Stock price is $75

7 0
3 years ago
Will, who is single and age 50, is employed as a full-time tax accountant at a local manufacturing company where he earns $83,00
fenix001 [56]

Answer: The options available to Will include; the Keogh plan, the SIMPLE IRA and the ROTH plan.

Explanation: The Keogh plan is a tax- deferred benefit plan available to self employed individuals or unincorporations.

A Savings Incentive Match Plan for Employees Individual Retirement Account, "SIMPLE IRA" is a tax-deferred retirement plan provided by the employer that allows employees to set aside money and invest it to grow for retirement.

A Roth IRA is an individual retirement account that is generally not taxed upon distribution, provided certain conditions are met.

5 0
3 years ago
Mullineaux Corporation has a target capital structure of 65 percent common stock and 35 percent debt. Its cost of equity is 12.8
Zepler [3.9K]

Answer:

WACC = 10.35%

Explanation:

The weighted Average cost of Capital is the average cost of capital for the different sources of long-term capital available to a firm weighted according to the proportion that each source of finance bears to the total capital in the pool..  

After-tax cost of debt = (1- tax rate) × before tax cost of debt  

= (1-0.23)× 7.5% = 5.8%  

Type          Cost (%)       Weight         cost × weight

Equity          12.8              65%               8.32

Debt            5.8                 35%       <u>       2.03  </u>

Total                                                      10.3  

WACC = 10.35%

8 0
3 years ago
Pricing your product below competitors can be effective strategy when​
jarptica [38.1K]

If the market is price sensitive, this means consumers react to small variations in price. In this case, if you were to lower your price to below your competitors, and the market was price sensitive,  you would expect to gain more customers. Consumers are wanting to maximize their utility (get the most for the smallest amount of money). If they are price sensitive, they will look for the lowest price that still has an acceptable quality.

8 0
3 years ago
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