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Lilit [14]
3 years ago
7

Arthur is 10 years old. Tuition for one year at a public two-year college is $3,125. In 8 years, tuition is expected to increase

32%. Arthur’s family plans to save for his college costs for 5 years. If the family saves $75 per month, will there be enough money to pay for the expected cost of one year at the college when he is 18?
Business
2 answers:
Elenna [48]3 years ago
7 0

Answer: Yes, they could save about $5 less per month and still have enough money.

Explanation: Arthur is 10 years old. Tuition for one year at a public two-year college is $3,125. In 8 years, tuition is expected to increase 32%. Arthur’s family plans to save for his college costs for 5 years. If the family saves $75 per month, will there be enough money to pay for the expected cost of one year at the college when he is 18?

Yes they could save $75 and still have enough money to pay for one year at the college when he is 18.

Workings=

12( months) x 5 (years)= 60 months

If the family save $75 monthly for 5 years

$75 x 60 (months)= $4500

At the end of the family 5 years savings, they would be having a total of $4500 which would be more than enough to pay for the expected cost of one year at the college when he is 18.

VLD [36.1K]3 years ago
7 0

Answer:

C) Yes, they could save about $5 less per month and still have enough money.

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As would-be Entrepreneur, you are tasked to identify your dreamed business,
steposvetlana [31]

Answer:

My dream business is organic poultry farming.

Explanation:

It is my hobby to have different types of hen breeds. So I would like to invest in my hobby. I would like to have breeds of organic hens that will lay more eggs. I will also invest in fancy chickens which are widely used as pet in backyards.

It has great potential for growth, as people are nowadays moving towards organic foods. The organic poultry market has grown from $7.5 billions to $7.7 billions from 2019 to 2020. The growth recorded is almost 2% despite the breakout of virus. People would like to buy fancy chickens as pets because they lay eggs and look cute in the backyards.

The return on fancy chicken breed is much higher than an ordinary chicken breed that only lays egg. I will start from 1500 baby chickens and will around 50 chicken tractors in a large 8 kanal area. This chicken tractors will help me to keep the death rate of the chickens low and are helpful in lowering the spread of diseases. Furthermore, it is moveable which means my chickens will have fresh grass to eat.

I will buy a small van that will be helpful in managing the delivery of food requirement and egg supply to my customers. To lower the cost of organic feed I will grow many types of plants, herbs, grass, etc in the 8 kanal area that will meet the protien requirements of the chickens. I will also water the land daily so that the waste of the chickens are accessed very quickly to plants.

Their many other tactics that could be used like leasing the land for 2 years because it will lower the investment required, plantation of plants that will grow its value over time, use of thick sheets that will protect chickens from and use of thin sheet that will protect them from mosquitos, etc.

<em>Note:</em> <u>I wasn't able to access complete questions so I think the above explanation of business idea will be very helpful for you to construct a business plan.</u>

If you find the answer very helpful then don't forget to rate it. Thanks

6 0
3 years ago
Steve Jack and Chelsy Stevens formed a partnership, dividing income as follows: Annual salary allowance to Stevens of $176,130.
denpristay [2]

Answer:

$45,440.00

Explanation:

Jack's interest on capital =5%*$90,000=$4,500.00

Stevens' interest on capital =5%*$111,000=$ 5,550.00  

Net income left to be shared in ratio 1:2 is the net income of $309,000 minus the total interest on capital of $10,050 i.e $4,500+$5,550 and salaries to Stevens

Net income left for sharing=$309,000-$10,050-$176,130=$ 122,820.00  

Jack's share of profit=1/3*$ 122,820.00   =$ 40,940.00    

Stevens' share of profits=2/3*$122,820.00  =$ 81,880.00  

Amount distributed to Jack=$4,500+$ 40,940=$45,440.00  

6 0
3 years ago
On January 1, 2015, Anna invested $5,000 at 5 percent interest for one year. The CPI on January 1, 2015 stood at 2.37. On Januar
Inga [223]

Answer:

The correct answer is c) 3.7 .

Explanation:

The first thing we should do is calculate inflation: (2.40 - 2.37) / 2.37 = 1.3

Inflation Rate = 1.3

2.) Calculate the real interest rate

Real interest rate = nominal interest rate - inflation rate

5 - 1.3 = 3.7

3.7 is the real interest rate

5 0
3 years ago
Slot machine is to vending machine as _____ reinforcement is to _____ reinforcement.
ioda

The answer is primary reinforcement as to secondary reinforcement. Primary reinforcers are biological. Principal examples are food, beverage, and desire. But, most human reinforcers are secondary, or conditioned. Examples comprise money, grades in schools, and tokens. Secondary reinforcers acquire their power through a history of link with primary reinforcers or other secondary reinforcers. For instance, if I said to you that dollars were no longer accepted to be used as cash, then dollars would miss their control as a secondary reinforcer.

7 0
3 years ago
Which is not one of the four major characteristics associated with a growing entrepreneurial firm?
Anastaziya [24]

Which isn't one of the 4 major characteristics related to a developing entrepreneurial firm: Inimitable

Entrepreneurial firms are companies that carry new products and services to the marketplace by using creating and seizing possibilities. Definition (2): “A firm which undertakes volatile ventures and engages in product-market innovation is known as an entrepreneurial company.

As some distance as entrepreneurial culture is going, it's far taken to be synonymous with constant of innovation. Amazon is a distinctly innovative corporation. In fact, in 2017, it turned into identified by a speedy employer as the maximum revolutionary organization.

Learn more about entrepreneurial firm here: brainly.com/question/353543

#SPJ4

5 0
2 years ago
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