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3 years ago

Megan Brink is offered the possibility of investing $6,651 today at 6% interest per year in a desire to accumulate $10,000.

Business

1 answer:

lapo4ka [179]3 years ago

5 0

Answer:

7 years.

Explanation:

We know,

Future value = Present Value × $(1 + i)^{n}$

Given,

Future Value, FV = $10,000

Present Value, PV = $6,651

Interest rate, i = 6% = 0.06

We have to determine how many years to acquire $10,000 in the future.

Now, $10,000 = $6,651 × $(1 + 0.06)^{n}$

or, $(10,000 ÷ 6,651) = $1.06^{n}$

or, 1.5035 = $1.06^{n}$

or, Log 1.5035 = n log 1.06

Using the calculator to find the value of log.

0.1771 = n × 0.0253

or, n = 0.1771 ÷ 0.0253

or, n = 7 years

7 years will be needed to acquire $10,000 in the future.

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There are four functions of management: planning, leading, organizing and controlling. The controlling function of management is

Fantom [35]

Answer: True

Explanation:

Proper planning without control is futile, this is because a blue print may have been put in place in the planning process but it becomes imperative for management to set up institutions or machineries to ensure that plans are executed as expected and there are remedial actions or plans in place in the event when unexpected events come up to distort achievement of the goal.

Proper control leads to achievement of organizational goals.

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3 years ago

Minerals are structurally simple, inorganic substances that exist as groups of one or more of the same atoms. In chemistry, what

olga_2 [115]

Answer:

The substance does not contain carbon .

Explanation:

Usually, an inorganic substance is a type of chemical substance that loses bonds with carbon-hydrogen, that is, a product that is not biological.

The difference, though, is not defined and accepted, and experts have varying views on the matter.

An inorganic compound, any material which generally combines two or more chemical compounds other than carbon, almost always in clear and obvious percentages.

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3 years ago

Read 2 more answers

Assuming that the direct materials used are $1880000, compute the total manufacturing costs using the following information.

Scilla [17]

Answer:

D. $3240000.

Explanation:

Particulars Amount ($) Amount ($)

Direct materials used 1,880,000

Direct Labor 760,000

Manufacturing Overheads

Factory Utilities 150,000

Indirect Labor 50,000

Factory Depreciation 400,000 600,000

Total Manufacturing cost $3,240,000

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3 years ago

Prepare a monthly flexible selling expense budget for Cottonwood Company for sales volumes of $300,000, $350,000, and $400,000,

rodikova [14]

Answer:

Sales volumes $300,000 $350,000 $400,000

Total selling expenses $541,500 $595,750 $650,000

Explanation:

Basically, a flexible budget can be described as a budget that adjusts with changes in volume or activity.

Therefore, monthly flexible selling expense budget for Cottonwood Company which adjusts with sales volumes can be prepared as follows:

Cottonwood Company

Monthly Flexible Selling Expense Budget

For the Month .....

Details $ $ $

Sales volumes 300,000 350,000 400,000

Variable selling expenses:

Sales comm. (6% of sales) 18,000 21,000 24,000

Shipping exp. (1% of sales) 3,000 3,500 4,000

Misc. selling exp. (1.5% of sales) 4,500 5,250 6,000

Fixed selling expenses:

Sales manager's salary 120,000 120,000 120,000

Advertising expense 90,000 90,000 90,000

Misc. selling expense 6,000 6,000 6,000

Total selling expenses  541,500   595,750   650,000 

8 0

3 years ago

What is an information system designed to integrate internal and external members of the supply chain?

djyliett [7]

Answer:

(E) Enterprise resource planning is an information system designed to integrate internal and external members of the supply chain

Explanation:

ERP is a procedure utilized by organizations to oversee and coordinate the significant pieces of their organizations. Numerous ERP programming applications are imperative to organizations since they assist them with actualizing asset arranging by incorporating the entirety of the procedures expected to run their organizations with a solitary framework.

ERP applications likewise enable the various offices to impart and share data all the more effectively with the remainder of the organization. It gathers data about the action and condition of multiple divisions, making this data accessible to different parts, where it tends to be utilized gainfully.

8 0

3 years ago