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Evgesh-ka [11]
2 years ago
14

You will receive $4,000 at graduation 3 years from now. You plan on investing this money at 5 percent annual interest until you

have accumulated $50,000. How many years from today will it be when this occurs? (Provide an approximation using the tables or an exact number if using Excel)
Business
1 answer:
attashe74 [19]2 years ago
8 0

Answer:

It will take approximately 55 years

Explanation:

<em>The future value of a lump sum is the amount expected at a future date when a sum of money is invested today at a particular rate of interest for certain number of years</em>

FV = PV × (1+r)^(n)

FV= 50,000, PV = 4,000, n-?, r- 5%

50,000 = 4,000 × (1.05)^n

divide both sides by 4000

12.5 = 1.05^n

n= log 12.5/log 1.05

n = 51.8

The number of years = 51.8 + 3 years

                                  =54.767

Approximately 55 years

It will take 55 years

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Can provide services that specialize in one area
6 0
3 years ago
_____ is best described as an integrative management field that combines analysis, formulation, and implementation in the quest
Orlov [11]

Answer:

Strategic management

Explanation:

Definition:

Strategic management is the identification, selection and implementation of an organisations long term goal and its objectives. It takes into account the concerns and existence of all stakeholders.

Three components of strategic management:

  1. Strategic Analysis - takes into account factors affecting the internal and the external environment of the business.
  2. Strategic Choice - involves the formulation, evaluation and selection of strategic options.
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8 0
3 years ago
You invest $100 in stocks and sell them one year later for $115. Use the instructions in Lesson 3 to calculate the ROI dollar am
slava [35]

Answer:

ROI in dollar amount = $15

ROI in percentage = 15%

Explanation:

Given:

Initial investment = $100

Sale value = $115

Find:

ROI in dollar amount

ROI in percentage

Computation:

⇒ ROI in dollar amount = Sale value - Initial investment

ROI in dollar amount = $115 - $100

ROI in dollar amount = $15

⇒ ROI in percentage = [ROI in dollar amount / Initial investment]100

ROI in percentage = [$15 / $100]100

ROI in percentage = 15%

3 0
3 years ago
Two identical firms that share a market and produce a homogenous good will find the Bertrand Oligopoly LEAST attractive because
inn [45]

Answer:

The correct answer that fills the gap is: Cartels generate the highest joint profit, they want to avoid a price war that leads to profit erosion and P=MC, a cournot oligopoly will generate more profit than a bertrand oligopoly

Explanation:

In Bertrand's model, consumers will buy the goods of the company that offers the lowest price. From this it can be intuited that the Nash equilibrium will be the one in which both companies set the same price. For this reason it is not attractive, since they are competition and for some of the two it may not be profitable to decrease the sale price of their products.

3 0
3 years ago
Friendly Inc., through no fault of its own, lost an entire plant due to an earthquake on May 1, 2016. In preparing its insurance
lianna [129]

Answer:

d. $413,000

Explanation:

Sales                                                                               = $1,160,000

Less: Cost of Goods Sold (1,160,000*70%)                  = <u>($812,000)</u>

Gross Profit                                                                     = 348,000

Note: Since gross profit margin is 30% of the sales, the cost of goods sold must be 70% of sales.

Beginning inventory on Jan.1, 2016                             = $340,000

Purchase inventory from Jan.1, 2016 to May 1,2016   =  <u>$885,000</u>

Total Inventory                                                              =  $1,225,000

Less: Cost of Goods sold                                              =  <u>($812,000)</u>

Estimated Inventory on May.1 2016                            =   $413,000

5 0
3 years ago
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