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denis-greek [22]
2 years ago
8

The Rule of 72 is: a. A tool to determine the number of years until retirement for an employee b. Used to estimate how fast pric

es will double using a given annual inflation rate c. The legal code for requiring companies to provide a match on retirement savings d. Used to calculate interest rates for savings
Business
1 answer:
Veseljchak [2.6K]2 years ago
5 0

Answer:

b. Used to estimate how fast prices will double using a given annual inflation rate

Explanation:

Rule of 72 is a fast statistical method to determine how long an investment will double given annual interest rate.

Simply divide 72 by the annual interest rate.

Alternatively it can be used to calculated annual rate of return required to double investment.

Alternatively it can be used to calculate annual rate of return required to double an investment.

For example if $1,000 is to be doubled in 5 years.

Years to double= 72/ Interest

Interest= 72/5= 14.4%

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Gas is sold for 1.399 per liter in san diego, ca. your car needs 12.00 gallons. how much will your credit card be charged in dol
vovikov84 [41]

The answer is C: $63.54. The credit card will be charged $63.54 in Canadian dollars for 12.00 gallons of gas.

Solution:

Gas is sold per liter in Toronto, Canada for = $1.399

Car needs = 12.00 gallons

12 galloons = 45.4249 liters

Therefore, 45.4249 liters of gas = 45.4249 * 1. 399

                                                      = 63.54

Thus, The credit card will be charged $63. 54 for 12.00 gallons of gas.

The official currency of Canada is the Canadian dollar (sign: $; code: CAD; French: dollar canadien). There is no standard disambiguating form; nevertheless, prominent style guides frequently recommend the abbreviation Can$ to distinguish it from other dollar-denominated currencies. It is abbreviated with the dollar sign $. There are 100 pennies in it.

Gas is sold for $1.399 per liter in Toronto, Canada. Your car needs 12.00 gallons. How much will

your credit card be charged in Canadian dollars?

A) $67.15

B) $16.79

C) $63.54

D) $4.44

Learn more about Canadian dollars here:

brainly.com/question/18246498

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3 0
1 year ago
What was ireland's greatest export during the 1840s?
Viefleur [7K]
People was the greatest export
8 0
2 years ago
Read 2 more answers
The process of estimating market value, investment value, insurable value, or other properly defined value of an identified inte
Shkiper50 [21]

Answer:

Valuation

Explanation:

Valuation -

It refers to the process of determining the worth of some object or property , is referred to as valuation .

Or ,

The method to find the present value of any asset is known as valuation .

The process of valuation can be done on objects like , stocks , patents , business enterprises , bond of the company , property etc.

The reason for getting valuation is for investment analysis , merger , taxable events , capital budgeting .

Hence , from the given scenario of the question ,

The correct answer is valuation .

5 0
3 years ago
A business that gives you a loan is: a) A credit bureau b) A debt collection agency c) A credit counseling agency d) A creditor
iogann1982 [59]
I think the answer is a creditor i hope it helps
5 0
3 years ago
Read 2 more answers
llini Inc. incurred a material loss that was unusual in character. This loss should be reported as: a. a line item between incom
Savatey [412]

Answer:

The correct answer is letter "B": a line item within income from continuing operations.

Explanation:

Unusual items are those not inherent in the operations of a business. Examples of unusual in character items are plant shutdown costs, costs from acquiring other businesses, or losses due to ti natural disasters. Unusual items according to the Generally Accepted Accounting Principles (GAAP) must appear in the income statement. Though, they appear in separate lines like items to give a better idea of the transactions a company incurs given a period.

Thus, <em>losses incurred as an unusual character will have to be registered in the income statement in the operating income section.</em>

8 0
3 years ago
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