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yKpoI14uk [10]
3 years ago
7

Assume that you and your best friend each have $1,000 to invest. You invest your money in a fund that pays 10% per year compound

interest. Your friend invests her money at a bank that pays 10% per year simple interest. At the end of 1 year, the difference in the total amount for each of you is: a. You have $10 more than she does. b. You have $100 more than she does. c. You both have the same amount of money. d. She has $10 more than you do.
Business
1 answer:
marishachu [46]3 years ago
7 0

Answer:

correct answer is c. You both have the same amount of money

Explanation:

given data

invest = $1000

pay compound interest = 10%

pay simple interest = 10%

time = 1 year

solution

we get here difference in the total amount that is your friend money -  your money  .................1

so difference in the total amount = invest × (1+rate)^{time} - [ invest + ( invest  × rate × time) ] ......................2

put here value

difference in the total amount = $1000 × (1+0.10)^{1} - [$1000 +  ( 1000  × 10% × 1) ]

difference in the total amount = 0

so correct answer is c. You both have the same amount of money

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Real per capita GDP in Singapore in 1960 was about $450, but it doubled to about $900.00 by 1977. a. What was the average annual
aleksandrvk [35]

Answer:

4.16%

Explanation:

to calculate Singapore's economic growth rate we can use the future value formula (we could also use the rule of 72 but it is not very exact):

future value = present value x (1 + r) ⁿ

  • future value = 900
  • present value = 450
  • n = 17
  • r = ?

900 = 450 (1 + r)¹⁷

(1 + r)¹⁷ = 900 / 450 = 2

1 + r = ¹⁷√2 = 1.0416

r = 1.0416 - 1 = 0.0416 or 4.16%

6 0
3 years ago
Able, Baker, and Charlie are the only three stocks in an index. The stocks sell for $94, $312, and $90, respectively. If Baker u
WARRIOR [948]

Answer: The new divisor for the price-weighted index is 0.77982

Explanation:

Divisor = [(94 + 312/2 + 90) / [(94 + 312 + 90) / 3]

= 0.77982

7 0
3 years ago
Describe the shifts in the world economy over the past 30 years. What are the implications of these shifts for international bus
statuscvo [17]

Answer:

There has been a drastic change and shift in the world economy over the past 30 years.

There is a migration from a world where national economies were once self-contained entities, separated and isolated from each other due to some barriers like time zones, distance, government regulations, investments, language and business systems.

During the 1960s, there were four stylized facts that described the demographics of the global economy.

First, the U.S dominated the world economy and the world trade.

The second was the U.S dominance in the world foreign direct investment picture.

Thirdly, was the dominance of large, multinational U.S companies in the international business scene.

Although, the U.S is still dominating world's economy, but it's share of world output and world's export has declined since 1960.

It doesn't spell doom for U.S economy but rather reveals the growth in industralization in developing and growing economies like China, South Korea, India, etc.

Shifts in the world economy can be spotted in the shifts in multinational enterprises.

Two major trends are found in the demographics of the multinational enterprises.

One is seen in the rise of non-U.S multinationals especially the Japanese multinationals.

Secondly, is the emergence of small and medium-sized multinationals.

These shifts are seen in the fall of the Communist in Eastern Europe and the republic of the former Soviet Union.

The implications of these trends are similar to U.S and Britain. These had been the big players in the international scene. But that has changed. To win orders, the U.S and Britain have to compete with competitors around the world.

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4 0
3 years ago
Much of the supply of ________________ is from china and india where chemical manufacturers have less government oversight.
Eva8 [605]
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Svet_ta [14]

Answer:

Goodwill is:

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Explanation:

This definition of Goodwill implies that it is usually acquired by the purchaser of another business, when it pays a price higher than the fair market value of the other company's net assets.  It is not a physical asset like property, plant, and equipment, but intangible.

Goodwill arises from a company's good reputation, loyal customers or clientele base, brand identity, talented workforce, and proprietary technology.

Goodwill does not have a definite life and under US GAAP and IFRS standards.  Therefore, it is not amortized like other intangible assets but is evaluated for impairment every year.

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