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nataly862011 [7]
3 years ago
8

Tyrone wants to spend $15,000 on a new car three years from now. He opens a savings account and deposits $3,250 today. One year

from now, he plans to deposit $3,000 in the account, and one year after that, he plans to deposit another $3,000. If the account earns 6% interest per year, how much additional money will Tyrone need to meet his $15,000 goal?
Business
1 answer:
WITCHER [35]3 years ago
7 0

Answer:

Tyrone will need $4578.4 to meet his $15,000 goal

Explanation:

Tyrone wants to spend amount on a new car three years from now=$15,000

Formula : A=P(1+\frac{r}{100})^n

Where A=future value

P=present value  

r=rate of interest

n=time period.

Future value of deposits=3250 \times(1.06)^3+3000 \times(1.06)^2+3000 \times (1.06)

Future value of deposits= 10421.60

So, additional money needed=15000-10421.60=4578.4

Hence  Tyrone will need $4578.4 to meet his $15,000 goal

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Harlose Suits owns more equipment than required for manufacturing goods during periods of regular demand in order to tackle sudd
alex41 [277]

Answer:

Harlose Suits owns more equipment than required for manufacturing goods during periods of regular demand in order to tackle sudden demand surges. It also has a certain reserve of produced goods to tackle material shortages. In this case, the reserve of equipment and produced goods are examples of <u>the</u> <u>capacity cushion</u>.

Explanation:

The capacity cushion is the amount of reserve capacity that a business keeps to manage sudden increases of demand or momentarily losses of production capacity.

5 0
3 years ago
A-Plus Linens sent the following notice to John C. Lincoln Hospital: "We'll pay you. Drop your current linen service and we'll g
ehidna [41]

Answer:The answer is a

Explanation:

A contract is an agreement between two or more parties which contains the terms and conditions of the contract and which also serve as an evidence that the two parties in the contract has a duty to perform to each other. The terms and conditions of the contract can be enforced in the court of law in case of a breach of contract which may come from either parties in the contract agreement. While, a contract interference is a kind of breach of contract in which one vendor put a pressure on the organization in which they offer service to withdraw from the contract the organization earlier had with one of their competitors in the market. This contract interference can occur when a vendor either force or put a financial inducement on the organization with a view to make them consider their proposal to the organization to eventually agree to abandon the contract they had with their competitors in favour of getting the contract instead of their competitors who should get the contract.

Therefore, from what we can deduce from the question under review, it is clear that A plus linen has engage in contract interference by offering John C Lincoin hospital $5 for every 100 pound of linen they send to them by dropping their current linen service.

5 0
3 years ago
Lee worked 22 hours this week and made $132. if she works 15 hours next week at the same pay rate, how much will she make?
Bogdan [553]
You do:

132 divided by 22 to calculate the daily wage. The answer is 6. Next you do 15x6 which equals 90. Therefore, the answer is $90
6 0
3 years ago
Kalamazoo Corporation's cost formula for its manufacturing overhead is $45,700 per month plus $53 per machine-hour. For the mont
Elina [12.6K]

Answer:

$371,650

Explanation:

Use the costs formula provided to find the flexed manufacturing overhead cost for March.

A flexed budget amount is a budgeted amount adjusted to actual level of activities as follows.

Actual Activity is given as 6,150 machine-hours

Manufacturing overhead cost = $45,700 + $53 x 6,150 machine-hours

                                                  = $371,650

Therefore,

The manufacturing overhead in the flexible budget for March would be closest $371,650

4 0
3 years ago
Choose all that apply.
neonofarm [45]
1,3,4,6

i think, good luck!
5 0
2 years ago
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