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
Olegator [25]
3 years ago
5

You would like to have ​$4,000 in 55 years for a special vacation following graduation by making deposits at the end of every si

x months in an annuity that pays 6.56.5​% compounded semiannually. Determine how much you should deposit at the end of every six month.
Business
1 answer:
Andrej [43]3 years ago
3 0

Answer:

total amount deposit at end of every 6 month is $445.37

Explanation:

Future value required=   4000

Total 6 months Period in 4 years (n) = 4*2 =   8

Interest rate 6.56% or 0.656 compounded Semiannual  

semiannual interest rate (r) =0.0656/2=   0.0328

Future value of annuity formula = P *{ (1+r)^n - 1 } / r    

4000 = P*(((1+0.0328)^8)-1)/0.0328  

4000= P* 8.98

P = $ 445.37

total amount deposit at end of every 6 month is $445.37

You might be interested in
Dee's has a fixed asset turnover rate of 1.12 and a total asset turnover rate of 0.91. Sam's has a fixed asset turnover rate of
Andreyy89

Answer:

B.utilizing its total assets more efficiently than Sam's

Explanation:

Dee's has a fixed asset turnover rate of 1.12 and a total asset turnover rate of 0.91. Sam's has a fixed asset turnover rate of 1.15 and a total asset turnover rate of 0.88. Both companies have similar operations.

Based on this information, although Sam seems to be utilizing its fixed assets more efficiently, <u>Dee's must be doing utilizing its total assets more efficiently than Sam's</u>

<u>The fixed asset turnover ratio is an efficiency ratio that measures a companies return on their investment in property, plant, and equipment by comparing net sales with fixed assets. In other words, it calculates how efficiently a company is a producing sales with its machines and equipment.</u>

Dee's has a total asset turnover rate of 0.91 compared to a total asset turnover rate of 0.88 by Sam. Hence Dee's efficiency is higher.

5 0
3 years ago
A company creates a rating form for its suppliers and rates their on-time delivery, product quality, service advice, and so fort
kobusy [5.1K]

Answer:

Vendor analysis

Explanation:

Organizational Buying Process

This is simply refered to as the decision making process where organizations state the need for purchased products and services and thereafter identify or evaluate to choose among them. There are 3 influences purchase type. They includes: structural and behavioral.

Vendor analysis in organizations buying influence is simply known as the behavioral needs of the buyer.

ethical conflicts may sometimes arise in buyer-supplier relationships. This can help the buying organization to manage spending

Vendor Analysis

This is simply refered to as a formal rating of suppliers on all important areas of performance.

The usual goal of a vendor analysis is to lower the total costs of a purchase.

The steps in Organizational buying process. They includes:

1. Recognize the product needed

2. Vendor analysis

3. Purchase decision

4. Post purchase evaluation.

3 0
3 years ago
Competition among more shoe sellers will _____ the price of shoes. increase decrease not change
storchak [24]
Decrease is correct answer.
8 0
3 years ago
Read 2 more answers
A hardware store owner placed an advertisement for Sylvania LED bulbs in the local newspaper. Sylvania provided the storeowner w
Zolol [24]

Answer:

cooperative advertising

Explanation:

Based on the scenario being described within the question it can be said that Sylvania was using cooperative advertising to promote its products. This refers to when a retailer/wholesaler and a manufacturer share the costs for locally placed advertisements. Such as Sylvania is doing by paying 50% of the advertisement, mainly because it also benefits them to place their sample advertisements as well.

3 0
3 years ago
2. A closer estimate of the total cost can be made by including the estimated sales tax. Use a formula to calculate the estimate
Kazeer [188]

Answer: Hello  your question has some missing details hence I will provide an answer based on the general scope of your question

answer ; =([Cost] * 1.07)

Explanation:

Assuming the table heading for estimated cost in July 2014 is named "Cost"

Total estimated cost

Total =  Cost * ( 1 + Sales Tax )

         = Cost * ( 1 + 0.07 )

         = Cost * 1.07

Excel  equivalent formula used that can be used  = ([Cost] * 1.07)

5 0
3 years ago
Other questions:
  • Barbara desperately wants to be seen as professional by her coworkers. so, every morning before work, she carefully reviews her
    15·2 answers
  • The manager of a savings and loan branch wants to estimate the average amount held in passbook savings accounts by the branch ba
    7·1 answer
  • The main focus behind why Equal Exchange is in business is to help out the small farmers and be fair to their needs. This is exe
    11·1 answer
  • During the current year, Martinez Company disposed of two different assets. On January 1, prior to their disposal, the accounts
    5·1 answer
  • The opportunity cost of going to college is
    11·1 answer
  • Walton Company paid $94,000 to purchase a machine on January 1, 2017. During 2019, a technological breakthrough resulted in the
    6·1 answer
  • Krier Corporation uses a predetermined overhead rate that was based on estimated manufacturing overhead of $738,000 and 30,000 d
    9·1 answer
  • Adam invests his scholarship money of $5,000 into a five-year bond paying 5% simple interest annually. what will be his future v
    12·2 answers
  • In which situation would a savings account be the be investment to earn interest
    13·1 answer
  • Can someone help me with this?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!