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Yuliya22 [10]
3 years ago
7

Katie had a high monthly food bill before she decided to cook at home every day in order to reduce her expenses. She starts to s

ave $1,410 every year and plans to renovate her kitchen. She deposits the money in her savings account at the end of each year and earns 5% annual interest. Katie’s savings are an example of an annuity. If Katie decides to renovate her kitchen, how much would she have in her savings account at the end of eight years? $13,464.24 $14,137.46 $11,444.60 $9,113.13
Business
1 answer:
Orlov [11]3 years ago
4 0

Answer:

The c orrect answer is A.

Explanation:

Giving the following information:

Annual deposit= 1,410

Annual interest rate= 5%

Number of years= 8 years

To calculate the future value of her investment, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {1,410*[(1.05^8)-1]}/ 0.05

FV= $13,464.24

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consider a country that produces only wheat and corn. Based on the data in the table, the growth rate of nominal GDP from 2005 t
kodGreya [7K]

Answer: There a'int no Table. :/

6 0
3 years ago
Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil f
Nady [450]

Answer:

1. The margin for Alyeska Services Company: 27.37%

2. The turnover for Alyeska Services Company= 49.45%

3. The return on investment (ROI) for Alyeska Services Company = 13.54%

Explanation:

Please find the below for detailed explanations and calculations:

1. The margin for Alyeska Services Company = Net operating income / Sales = 4,900,000/17,900,000 = 27,37%;

2. The turnover for Alyeska Services Company= Sales / Average operating income = 17,900,000/36,200,000 =  49.45%;

3. The return on investment (ROI) for Alyeska Services Company = Net operating income/Average operating income= 4,900,000/36,200,000=  13.54%

7 0
3 years ago
A marketing campaign to target business travelers includes two advertising buys. One buy cost $4,600 and yielded 220 leads. The
Korvikt [17]

Answer:

$20.90 & $14.88

Explanation:

The average cost per lead is the marketing expense incurred to acquire a new potential customer.  The average cost per or CPL is calculated using the formula total marketing spend / total number of leads. CPL helps identify the most efficient advertising channel.

For the first advertising buy, average cost per lead

=$4,600/220

=$20.90

For the second advertising buy

=$6700/450

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3 0
3 years ago
Which of the following is a condition necessary to exclude an obligation from current liabilities? Entry field with incorrect an
lutik1710 [3]

Answer:

The answer is: Obligation that has a distant due date exceeding company's operating cycle.  

Explanation:

A current liability is a financial obligation due within one year (or one normal operation cycle).

So a financial obligation that has a due date that exceeds a company´s operating cycle should have been directly classified as a long term liability (or a non current liability) in the first place. It simply is not a current liability that is changed into a long term liability, it always was a long term liability.

The other options represent the steps necessary for turning a current liability into a long term liability.

  1. Intend to refinance the obligation on a long-term basis.
  2. Demonstrate the ability to complete the refinancing.
  3. Subsequently refinance the obligation on a long-term basis.

7 0
3 years ago
The Nichols Company uses the weighted-average method in its process costing system. The company recorded 29,500 equivalent units
algol [13]

Answer:

A. 23,000 units

Explanation:

The number of units started during November is given by the number of units completed and transferred out during the month (25,000) added to the ending work in process inventory for the month (6,000) and subtracted by the beginning work in process inventory  (8,000):

6,000-8,000+ 25,000 = 23,000

Therefore, the number of units started during November in the department was: A. 23,000 units.

3 0
3 years ago
Read 2 more answers
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