The formula for compounding interest is
F= P(1+i)^n
where F is the future worth, P is the principal amount, i is the interest, and n is the number of years. Applying this equation,
F = 2700(1+0.0875)^8
F = $ 5282
I hope I was able to help you with this. Have a good day!
The correct answer to this open question is the following.
I would choose the frictional unemployment, that is the result of a common turnover ratio in the work market. The reason why is because it gives employees a chance to aspire to new and better jobs. Sometimes when you stay in one place too long, you create a routine that limits new creations and squash new ideas. It is good to leave and try something new although it represents a risk and often there is a time lag to find the best job in the market. One that matches your aspirations, salary, and possibilities of growth in the company's hierarchy.
Answer:
a. $50,000
b. 2.25 times
c. 0.75 times
Explanation:
a. The formula to compute the working capital is shown below:
Working capital = Current assets - current liabilities
where,
Current assets = Cash + accounts receivable + merchandise inventory
= $16,000 + $44,000 + $60,000
= $90,000
And, the current liabilities would be
= Wages payable + accounts payable
= $10,000 + $30,000
= $40,000
Now put these values to the above formula
So, the value would be equal to
= $90,000 - $40,000
= $50,000
b. Current ratio = Total Current assets ÷ total current liabilities
= $90,000 ÷ $40,000
= 2.25 times
c. Acid-test ratio = Total Current assets - merchandise inventory ÷ total current liabilities
= $90,000 - $60,000 ÷ $40,000
= 0.75 times
True,
When goods are sold, the company has to take into account all aspects of the product being made in order to make profit off of it.
Have them repeat it slower. Or try to transfer that customer to a person who speaks their language.