List two career pathways from the health science cluster?

Your grandparents deposit $2,000 each year on your birthday, starting the day you are born, in an account that pays 7% interest

OverLord2011 [107]

Answer:

The money you will have is $98020.

Explanation:

It is given that grandparents deposit $2,000 each year on birthday and the account pays 7% interest compounded annually also the time is 21 years.

we will use the compound interest formula $A=P (1 + \frac{r}{100})^{t}$ .

For the first birthday the amount after 21 yr will be:

$A=2000(1+\frac{7}{100})^{21}$

Similarly for the second birthday amount after 20yr will be:

$A=2000(1+\frac{7}{100})^{20}$

likewise, the last compound will be:

$A=2000(1+\frac{7}{100})^1$

The total value of such compounding would be :

$\text {Total amount}=2000(1+\frac{7}{100})^{21}+2000(1+\frac{7}{100})^{20}...2000(1+\frac{7}{100})^{1}$

$\text {Total amount}=2000[(1+\frac{7}{100})^{21}+(1+\frac{7}{100})^{20}...(1+\frac{7}{100})^{1}]$

$\text{Total amount} \approx 2000(48.01)$

$\text{Total amount} \approx 96020$

The total amount just after your grandparents make their deposit is:

≈($96020+2000)

≈$98020

Hence, the money you will have is $98020.

4 0

3 years ago

1. Describe an example of a company that manufactures a product. (2-4 sentences. 1.0 points)

OlgaM077 [116]

Pick a product that is currently being sold, and analyze its economic utility,

3 0

3 years ago

Match the following terms with their definitions. the resources wasted when inflation induces people to reduce their money holdi

gogolik [260]

Answer:

Explanation:

Match the following terms with their definitions.

A. Confusion and Inconvenience :inflation decreases the reliability of the unit of account making it more complicated to differentiate successful and unsuccessful firms thereby impeding the efficient allocation of funds to alternative investments.

B. Shoeleather costs : the resources wasted when inflation induces people to reduce their money holdings.

C. Relative Price Variability : because prices change infrequently, higher inflation causes relative prices to vary more. Decisions based on relative prices are then distorted so that resources may not be allocated efficiently.

D. Unexpected Inflation :inflation decreases the real value of debt thereby transferring wealth from creditors to debtors.

E. Menu costs the cost of more frequent price changes at higher inflation rates.

F. Inflation Induced Tax Distortions :the income tax is not completely indexed for inflation; an increase in nominal income created by inflation results in higher real tax rates that discourage savings.

4 0

3 years ago

There are many barriers to policy acceptance and enforcement. Which of the following is not one the challenges to policy accepta

Ksivusya [100]

Answer:

None of the above.

Explanation:

Barriers to policy acceptance and enforcement stem from ineffective communication, lack of support for employees, lack of motivation as well as a lack of accountability.

<em>All options fall into one of these categories as will be pointed out below:</em>

Organizational support at all levels: A lack of support of the employees at all levels of management, makes acceptance of a new policy difficult for the employees and policy enforcement is bound to fail.
Giving employees a stake: This boosts employee motivation and could be achieved by actions such giving awards to employees who successfully follow the new policy the best. A lack of motivation, could impede the smooth acceptance of the policy by employees.
Policy awareness: Employees of an organization must be well informed and kept aware of a policy before acceptance can happen. If knowledge of the policy is hoarded or there is ineffective communication of the policy, the employees do not even know about what new policy is being enforced by the company.
Understanding disciplinary action for employees who fail to accept policies: This action makes employees realize they are held accountable for following the new policy and a failure to do that will attract a certain level of punishment. This keeps employees on their toes and makes them conscious of the policy to be accepted and enforced. Without this, an employee could fail to accept a policy and feel comfortable doing so.

8 0

3 years ago

Weatherly Company reported the following results for the year ended December 31, 2016, its first year of operations: Income (per

disa [49]

Answer:

Deferred tax asset = $402,500

Explanation:

given data

Income before income taxes = $3,300,000

Taxable income= $4,450,000

tax rates 2016 = 35%

tax rates 2017 = 30%

solution

first we will take here difference between Income before income taxes and Taxable income that is

= Taxable income - Income before income taxes

= $4,450,000 - $3,300,000

= $1,150,000

we can say now taxable income is the higher income than income before income tax

so we get here Deferred tax asset that is

Deferred tax asset = 35% of $1,150,000

Deferred tax asset = $402,500

3 0

3 years ago