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Ganezh [65]
4 years ago
7

Congratulations! You were the 10th caller on the KMTH morning show and you just won $4,000.00. After you calm down, you decide t

o put the money into a bank account so that you will have even more money for a trip to Europe. Snurling Bank tells you that they will pay 7% per year compounded monthly. How much money will you have for your trip in 7 years

Business
1 answer:
Furkat [3]4 years ago
3 0

Answer:

$6,519.98

Explanation:

According to the scenario, computation of the given data are as follows:

Present value = $4,000

Rate = 7%

Rate compounded monthly = 7% ÷ 12

Time period = 7 × 12 = 84

So, we can calculate the future value by using financial calculator.

The attachment is attached below:

FV = $6,519.98

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aniked [119]

Answer:

False

the first one, option A

5 0
3 years ago
Read 2 more answers
Intrinsic motivation contributes to the ________ of work; Incentives contribute to the ________ of work.a. quality; outcomeb. qu
aliina [53]

Answer:

quality:quantity

Explanation:

Intrinsic motivation contributes to the quality of work; incentives contribute to the quantity of work.

This is straight from one of the theories of reward management. These theories agree on a few broad strokes but fundamentally disagree on the overidiing motivation of human workers. Some giants in this field include Maslow, Vroom, Taylor, etc.

8 0
3 years ago
Based on the following data, what is the amount of current assets? Accounts payable……………………………………………………….. $62,000 Accounts rece
Vlad1618 [11]

Answer:

The amount of current assets are $252,000

Explanation:

Current assets: The current assets are those assets who are converted into cash within one year. Like - accounts receivable, cash, inventory, prepaid insurance, etc.

The total amount of the current assets are shown below:

= Accounts receivable + Cash + Inventory +  Short-term investments + Prepaid insurance

= $100,000 + $70,000 + $80,000 + $2,000

= $252,000

The other items represent current liabilities, long term liabilities, intangible assets, and the fixed assets so, we do not consider them in the computation part.

4 0
3 years ago
In the luxury cruise industry, the small cruise lines Tropics Inc. and Sunset Inc. merged to form TropicalSunset Inc. After the
Anarel [89]

Answer:

2. Competitive rivalry is strongest between firms that are within the same strategic group.

Explanation:

Now, the new company is in the same strategic group (grand companies) than Pacifico and West Winds thus, they feel threatened by them. Before they were small firm so it wasn't profitable to make competitionagainst a small portion of the market. As tehe cut of the new company is bigger enough to justify this, these company's start to go into the market share of Tropical Sunset.

3 0
3 years ago
O'Hara takes temporary family leave from her job at Property Management Company to care for a family member with a serious injur
boyakko [2]

Answer:

A) ​continue it.

Explanation:

The Family and Medical Leave Act of 1993 requires businesses with more than 50 employees to allow employees to take up to 12 weeks of unpaid leave per year in order to take care of a newborn child, or adopt a child, or take care of the spouse or child that suffers from a serious health condition, or if the employee suffers from a serious health condition. If the family member belongs to the military is involved, then the leave time extends to 26 weeks per year.

4 0
4 years ago
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