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
Morgarella [4.7K]
3 years ago
6

Linda Baer has already saved ​$3 comma 978 to buy a used vehicle. Ignoring taxes and assuming her money is invested in a money m

arket account earning 6 percent compounded​ annually, how long will it take to buy a car that costs ​$7 comma 124​?
Business
1 answer:
Mkey [24]3 years ago
7 0

Answer:

Given the currents conditions, it will take 10 years to reach the amount required.

Explanation:

Giving the following information:

Linda Baer has already saved ​$3,978 to buy a used vehicle.

The account earns 6 percent compounded​ annually.

Final value= ​$7,124

To calculate the amount of time required we need to use the following formula:

n=[ln(FV/PV)]/ln(1+r)

n= [ln(7,124/3,978)]/ln(1+0.06)

n= 0.253/0.0253

n= 10

Given the currents conditions, it will take 10 years to reach the amount required.

You might be interested in
________ is the art and science of choosing target markets and getting, keeping, and growing customers through creating, deliver
pav-90 [236]

Answer:

Marketing management.

Explanation:

Marketing management is defined as the process by which conception is implemented, promotion and distribution of ideas, goods and services aimed at satisfying organisational objectives.

It focuses on application of marketing orientation and techniques in an organisation, and management of a firm's marketing resources and activities.

Marketing management involves use or research by marketers for market analysis. Some of the research methods used are qualitative market research, quantitative market research, experimental techniques, and observational techniques.

5 0
3 years ago
Read 2 more answers
An organizationally-driven reason for outsourcing is that it can improve effectiveness by focusing on what the firm does best.
VARVARA [1.3K]

Answer:

True

Explanation:

Outsourcing is when a company gives some of its internal activities to an external party that takes the responsibility to get things done and one of the reasons for a company to do this is to get rid of activities that have to get done but that are not part of their core operations to be able to concentrate on their main activity and get those things done by experts which can help increase productivity. According to that, the answer is that the statement is true.

6 0
3 years ago
Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $150,000 and woul
Margarita [4]

Answer:

"Decrease by 250" is the appropriate response.

Explanation:

The given values are:

Revised fixed cost,

= $150,000

Current selling price,

= $100

Current variable cost,

= $60

Current contribution will be:

=  Current \ selling \ price-Current \ variable \ cost

=  100-60

=  40

Now,

The revised BEP will be:

=  \frac{Revised \ fixed \ cost}{Revised \ contribution}

On substituting the values, we get

=  \frac{150,000}{40}

=  3750 \ units

hence,

=  4000-3750

=  250

Thus the above is the correct answer.

4 0
3 years ago
The risk-free rate of return is 3% and the expected return on the market portfolio is 14%. Oklahoma Oilco has a beta of 2.0 and
Monica [59]

Answer:

25%

Explanation:

Data provided

Risk free return = 3%

Beta = 2

Expected return on the market portfolio = 14%

Risk-free rate of return = 3%

The computation of cost of retained earnings is shown below:-

Cost of retained earnings = Risk free return + Beta × Risk premium

=  3% + 2 × (14% - 3%)

=  3% + 2 × 11%

=  3% + 0.22

= 25%

Therefore, for computing the cost of retained earning we simply applied the above formula.

8 0
3 years ago
Suppose that demand for smartphones is inelastic and the supply of smartphones is elastic. If the government imposes a $10 per s
Sloan [31]

Answer:

e

Explanation:

6 0
3 years ago
Other questions:
  • What must be marked on ready-to-eat bags (PHFs):
    13·2 answers
  • Morgan is moving to a new city. Select all of the factors she should consider when selecting a new financial institution.
    8·2 answers
  • Reba dixon is a fifth-grade schoolteacher who earned a salary of $38,000 in 2017. she is 45 years old and has been divorced for
    15·1 answer
  • When Gary objected to the high cost of the copier Wynette was suggesting his office purchase, she replied, "The initial price is
    10·1 answer
  • 3. Rank the following assets from most liquid to least liquid:
    10·1 answer
  • The Arnold National Bank has a bond portfolio that consists of bonds with 5 years to maturity and a 9% coupon rate. These bonds
    8·1 answer
  • A company issues a​ ten-year bond at par with a coupon rate of 6.4​% paid​ semi-annually. The YTM at the beginning of the third
    5·1 answer
  • The before tax cost of debt for a firm which has a marginal tax rate of 30% is 12%. Therefore the cost of debt that should be us
    12·1 answer
  • Hi uhhhhhhhhhhhhhhhhhhhhhhhhhhhhh wsp
    15·2 answers
  • “Wealth Management Crisis aat UBS” (see file attached)
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!