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Furkat [3]
3 years ago
9

An engineer invests $5,000 at the end of every year for a 40-year career. If the engineer wants $1 million in savings at retirem

ent, what interest rate must the investment earn
Business
1 answer:
Feliz [49]3 years ago
5 0

Answer: 7%

Explanation:

Given data:

P = $5,000

r = ?

t = 40years

i = $1,000,000

Solution:

NFW = 0 = -$5000 ( F/A , i , 40 ) + $1,000,000

( F/A , i , 40 ) = $1,000,000 / $5,000

= 200

From compound interest table

( F/A , 7% , 40 ) = 199.636

Therefore the return for the investment would be 7%

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peggy practices her gymnastics routine for a total of 21 hours.Each practice session is 1 and 3 4 hours.how many practices sessi
mylen [45]
7 practice sessions
3 0
4 years ago
Brand equity is the: Question 3 options:
natali 33 [55]

Answer:

d) association a consumer places in a brand with an organization.

Explanation:

Brand equity referes to the commercial value of a brand that a costomer perceives from the brand name. it is the value associated with the brand and not its product or services.

8 0
3 years ago
On January 1 of the current year, Townsend Co. commenced operations. It operated its plant at 100% of capacity during January. T
Mariulka [41]

Answer:

Income statement using absorption costing.

Sales                                                                                   $756,000

Less Cost of Goods Sold  

Opening Stock                                           $0

Total Manufacturing Costs                  $655,000

Less Closing Stock                              ($104,800)          ($550,200)

Gross Profit                                                                       $205,800

Less Operating Expenses

Selling and administrative expenses:

Variable                                                $35,000

Fixed                                                      $10,500              ($45,500)

Net Income                                                                        $160,300

Explanation:

The Product cost is the to total of all manufacturing costs.

5 0
3 years ago
Can putting an application form for a new job in with the business mail be considered an example of theft or fraud at work?
mihalych1998 [28]

This stands unprofessional more than theft although technically if the business exists paying for your private postage you stand in theory stealing from your employer.

<h3>What is fraud ?</h3>

Fraud exists as a deliberate act (or failure to act) to acquire an unauthorized benefit, either for oneself or for the institution, by utilizing deception or false suggestions or suppression of truth or other unethical standards, which exist believed and relied upon by others. The definition of an e-mail exists as a message sent from one computer to another over the Internet, utilizing a set web mail server address.

This stands unprofessional more than theft although technically if the business exists paying for your private postage you stand in theory stealing from your employer. It would also look bad if the organization to whom you had applied for the new job had detected that your envelope had been spent for by your employer and they may question your honesty and innocence as a person.

To learn more about fraud refer to:

brainly.com/question/1260589

#SPJ9

4 0
2 years ago
One use of inventory is A. to provide a hedge against inflation. B. to tightly synchronize production and distribution processes
liubo4ka [24]

Answer:

A, to provide a hedge against inflation

Explanation:

An inventory is the goods or materials or items held by a company for sale at a future period. An inventory could also be called stock.

Inventory has its uses among which is to provide a hedge for inflation. Inventory helps to provide an hedge against inflation as it can be used to keep good or material or ites for sale at a later date in the situation of price rise.

Simply put, Inventory helps to hold out goods, items, materials till a period when it can be resold at a higher price.

Note that, the goods to be kept for future resale is always bought a a lower price today.

Cheers.

3 0
3 years ago
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