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nordsb [41]
3 years ago
13

value:a. A savings product requires you to invest the following amounts. 250 today, 450 in one year, 650 in two years, 850 in th

ree years, 1100 in four years. What is the future value (in five years) of these payments, assuming an interest rate of 2.75%
Business
1 answer:
8090 [49]3 years ago
3 0

Answer:

$3,520.65

Explanation:

The calculation  of the future value is given below:

As we know that

Future value = Present value × (1 + interest rate)^number of years

= $250 × (1 + 0.0275)^5 + $450 × (1 + 0.0275)^4 + $650 × (1 + 0.0275)^3 + $850 × (1 + 0.0275)^2 + $1,100 × (1 + 0.0275)^1

= $286.32 + $501.58 + $705.11 + $897.39 + $1,130.25

= $3,520.65

We simply applied the above formula to find out the future value

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7. Why might some construction workers be paid more than some teachers?<br>​
DENIUS [597]

Answer:

hazard pay

Explanation:

in the working field if your job is considered dangerous you get hazard pay for "potentially risking your life" while as ateacher there is not a similar threat.

hope this helped!!

4 0
3 years ago
With respect to gift giving and gift receiving, ____ refers to money paid before an exchange.
vlabodo [156]

Answer:

With respect to gift giving and gift receiving, <u>a bribe</u>  refers to money paid before an exchange.

Explanation:

A gift is something given to another person to show affection. In response to giving the gift, the person doesn't have any expectations.

In the business world, a gift becomes a bribe when it is given for any political or business favours. Hence, it is unethical to share gifts for this purpose in the business.

A bribe is usually given before asking for a favour. Bribe is seen as a major cause of corruption and is illegal under the law of almost every country in the world.

4 0
3 years ago
The six steps for recording a business transaction in the general journal are shown below, out of order. In your working papers
GREYUIT [131]

Answer:

The answer is "Option D, F, E, B, A, and C".

Explanation:

please find the complete question in the attached file.

Please find the choice order in the attached file.

$125 paid with one week invoice 300 for a customer's docking dog

5 0
3 years ago
Kidzo Inc., a toy car company, has several groups in its manufacturing unit dedicated to do different tasks. For example, it has
MissTica

Process departmentalization

Explanation:

Departmentalization

  • An organization has separate departments based upon the different task each performs for the organization.
  • Functional departmentalization - a manufacturing company may have a production department, sales and marketing department, an accounting department, and a human resources department.
  • Product departmentalization -  a company may have a wide range of products
  • Customer departmentalization - a company may have different customer bases
  • Geographical departmentalization - a company can hire employees to serve different customers from different geographical locations
  • Process departmentalization - a company may have employees grouped into teams for a specific process
5 0
3 years ago
Sip corp uses no debt. the weighted average cost of capital is 8 percent. if the current market value of the equity is 18 millio
grigory [225]

Since there is no debt, all the capital that the company raises is in the form of common equity.

Since there is only equity (meaning the firm is a fully equity firm), the weighted average cost of capital (WACC) is nothing but the cost of equity

In this case the WACC represents the cost of equity

Therefore, cost of equity = WACC = 8%

6 0
3 years ago
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