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3 years ago

What is a mission statement?

Business

2 answers:

allochka39001 [22]3 years ago

3 0

I would say D sounds more appropriate

Ilya [14]3 years ago

3 0

D: A statement of purpose

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Since your first birthday, your grandparents have been depositing $ 1 comma 000 into a savings account on every one of your bir

nika2105 [10]

Answer:

The amount of money in my savings account will be closest to $29,213

Explanation:

A fix Payment for a specified period of time is called annuity. The Compounding of these payment on a specified rate is known as Future value of annuity. In this question $1,000 per year payment for 18 years at 6% interest rate is also an annuity.

We can calculate the amount of saving by calculating the future value of the given annuity.

Formula for Future value of annuity is as follow

Future value of annuity = FV = P x ( [ 1 + r ]^n - 1 ) / r

Where

P = Annual payment = $1,000

r = rate of return = 6%

n = number of years = 18 years

Placing Value in the formula

As on the 18th payment no compounding interest income is accrued yet because grandparent made it now.

Future value of annuity = FV = $1,000 + 1,000 x ( [ 1 + 6% ]^18-1 - 1 ) / 6%

Future value of annuity = FV = $1,000 + 1,000 x ( [ 1 + 0.06 ]^17 - 1 ) / 0.06

Future value of annuity = FV = $29,213

3 0

3 years ago

What happens to earnings in a cooperative?

Lunna [17]

The earnings in a cooperative are shared with member owners. The cooperative societies distribute the profits to its members based on the business transacted with the Cooperative society.

5 0

3 years ago

Read 2 more answers

The external competitiveness of an organization's pay relative to elsewhere in the industry is measured by its ________. Group o

Helga [31]

Answer:

B) incorporate the unique demands of different cultures

Explanation:

To be effective, an employee involvement program must ________.

A) rightsize the company by eliminating obsolete positions

B) incorporate the unique demands of different cultures

C) mandatorily establish work councils in the company

D) eliminate the influence of employees in managerial decision making

E) implement autocratic ways of handling its employees

3 0

3 years ago

The following does not describe the matching principle

Marizza181 [45]

Answer: The correct answer is c. Expenses are reported on the income statement when cash is paid.

Explanation: Matching principle states that expenses are matched with the related revenue in the same period, that is, expenses incurred to generate related revenue are recorded during the same time interval the related revenue is recorded in order to show the true and fair position of the profitability of the company.

Based on the above definition, <u>only option C does not align with the matching principle</u><u> </u>because expenses should be recorded in the income statement when incurred and NOT when cash is paid. If it is recorded when cash is paid, it means <em>cash basis of accounting</em> is being applied.

8 0

3 years ago

If a plaintiff can show that he has been injured, but does not have a contract, he can sometimes still recover under certain the

olya-2409 [2.1K]

Option A and C

In quasi-contract cases, the defendant received a benefit from the plaintiff. In promissory estoppel cases, the defendant made a promise that the plaintiff relied on.

<h3><u>Explanation:</u></h3>

A quasi-contract is a retroactive system among two parties who own no prior commitments to one another. It is designed by an expert to change a situation in which one individual takes something at the value of the other. The plaintiff must have provided a substantial thing or service to the added party with the expectation or assumption that mortgage would be supplied.

Promissory estoppel is a concept in contract law that hinders a character from performing reverse on a commitment even if a legitimate contract does not endure.

4 0

3 years ago