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solmaris [256]
3 years ago
12

Assume the total cost of a college education will be $380,000 when your child enters college in 16 years. you presently have $62

,000 to invest. what annual rate of interest must you earn on your investment to cover the cost of your child's college education? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places,
e.g., 32.16.)
Business
1 answer:
timurjin [86]3 years ago
5 0
Annual interest rate
(380,000÷62,000)^(1÷16)−1
=0.1199×100=11.99%
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For a cheese-lover, Burger King's Mac n' Cheetos are what type of product? (1pt)
mario62 [17]

Answer:

specialty product

Explanation:

For a cheese-lover, this product would be considered a specialty product. This is because they will actively seek out this product specifically because they love the ingredient/flavor of the product. For someone that loves cheese, products that are cheese flavored or contain cheese will be prioritized above all of the other products that do not contain cheese. This ultimately classifies the product as a specialty product because it is being sought after, even with other options around.

3 0
3 years ago
The Terrafugia Transition is a 19-foot, two-seater road-drivable, light-sport aircraft with an anticipated price of $279,000. Th
vampirchik [111]

Answer: executives for whom time is very essential and important

Explanation:

From the question, we are told that the Terrafugia Transition is a 19-foot, two-seater road-drivable, light-sport aircraft with an anticipated price of $279,000.

The most likely prospective customers for this flying car would be the executives as the price could only be afforded by the rich or those at the helm of affairs in their companies.

The flying car is noted for its speed therefore the executives will consider time as a very important factor when purchasing it.

4 0
3 years ago
ACME Corp. and Spacely Inc. are engaged in intense price competition in order to boost the market share of their widgets. This i
crimeas [40]

Answer: Option E

                                                   

Explanation: In simple words, it refers to the situation in which two rival companies in an industry cut their prices with the objective of cutting the others customers and gaining a higher market share.

        Generally it is performed for short term so that other firm could be demolished from the market but a company having strong reserves can perform it for a long term as well.

It is more evident in industries where the products of two companies are close substitutes of each other and there are few firs in the industry.

7 0
4 years ago
James Smith, a health inspector for the state of Missouri, inspected a restaurant owned by Salley Slick. Smith found numerous he
HACTEHA [7]

Answer:

Smith is guilty of Bribery and corruption While slick is guilty of breaking health code and trying to bribe a public officer.

Explanation:

Bribery has occurred because Smith's judgment has been paid for/influenced through the $5000 he has received from Slick. Money he plans to use on a boat. Smith has solicitated a bribe and is guilty of bribery. Since he sought for the bribe, he has committed a crime of bribery solicitation. After receiving the money, he committed the crime of accepting a bribe. When additional sums of money were requested, Smith further committed the crime of extortion and blackmail. He has been shown to be greedy.

Slick is guilty of trying to bribe a public official to escape the payment of fines and also guilty of violating health codes.

3 0
3 years ago
Lunderville Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 3,200 units
Mila [183]

Answer:

$64,000

Explanation:

The calculation of the cash disbursements for selling and administrative expenses on the December selling and administrative expense budget is given below;

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= 3,200 units × $3.10 + $60,800 - $6,720

= $64,000

4 0
3 years ago
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