1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
tankabanditka [31]
3 years ago
8

Alex invested $10,500 in an account that pays 6 percent simple interest. how much money will he have at the end of four years?'

Business
1 answer:
Marizza181 [45]3 years ago
4 0
The amount generated from the investment with simple interest is calculated through the equation,

           F = P x (1 + in)

where F is the future amount, P is the present worth, i is the decimal equivalent of the given interest and n is the number of interest period.

From this item it can be identified that,
   P = $10,500
   i = 0.06
   n = 4

Substituting the known values,

    F = ($10,500) x (1 + (0.06)(4)) 
 <em>   F = $13020</em>

Therefore, after four years, the amount of money that Alex will have is $13,020. 
You might be interested in
The fund has not borrowed any funds, but its accrued management fee with the portfolio manager currently totals $25,000. There a
kvv77 [185]

Answer:

$9.79

Explanation:

The computation of the  net asset value of the fund is shown below:

Net asset value of the fund = Equity ÷ Total outstanding shares

where,

Equity

= Total assets - total liabilities

where,

Total assets equal to

= 220,000 shares × $35 + 320,000 shares × $40 + 420,000 shares × $15 + 620,000 shares × $20

= $7,700,000 + $12,800,000 + $6,300,000 + $12,400,000

= $39,200,000

And, liabilities is $25,000

So, the net asset value of the fund equal to

= ($39,200,000 - $25,000) ÷ (4,000,000 shares)

= $9.79

7 0
3 years ago
Entrepreneurs and other producers accept risks because they hope to earn _____.
Gnom [1K]
Entrepreneurs and other producers accept risks because they hope to earn PROFIT.

Every businesses are set up for the purpose of earning profits. Every venture has its accompanying risks of failure but if everything goes right, then the pay-off will be worth it. 

High risks business also have high potential of generating high profit. 
7 0
3 years ago
Read 2 more answers
Alfredo manufactures high-quality tennis shoes for specific sports. He has a large storage facility at the manufacturing plant b
AleksandrR [38]

Answer:

d. Change to a just-in-time inventory system and make the shoes as they are ordered rather than making and storing many shoes and hoping to sell them.

Explanation:

In the Just-in-time inventory management system, materials purchased go straight to the production line. The business keeps minimum or nil raw material in its stores. Demand for goods guides the production process.

Should Alfredo manufactures adopt a Just in time production style, its inventory budgetary requirement will significantly reduce. Alfredo will be ordering for material need for production at that moment. The company will be manufacturing shoes that customers are ready to buy. Its cost of finished inventory will also decrease.

For Just-in-time system  to work well at Alfredo, managers must learn how to predict demand accurately and employ an excellent order management system

6 0
3 years ago
In King v. Riedl,
vovangra [49]

Answer:

Court ruled over in favor of the plaintiffs.

Explanation:

The result was that the court ruled in the favor of the plaintiffs because the contractor was statutorily barred from bringing an action to enforce payment because he doesn't has the residential home builder license and the amount of the contract satisfied statutory requirements.

8 0
3 years ago
Summarize the steps of the cetr plan.
MAVERICK [17]

Answer:

The summary of the steps are as shown below;

Step 1: Reflection and Self-Evaluation.

Step 2: Exploration.

Step 3: Decision-Making and Goal Setting.

Step 4: Gaining Experience.

Step 5: Implementation.

Explanation:

A career is a professional endeavor undertaken during a specific period in one's life with the opportunity for growth. Picking a career is one of the most important things that most individuals do in life. It is therefor necessary to choose a career that is in line with one's interest, capabilities and passion. The following are steps to be followed in planning a career path, namely;

Step 1: Reflection and Self-Evaluation.

This is the first step involved in career planning. It involves the gathering of  information about oneself that will assist in choosing a career that matches one personality, interests, capabilities and goals.

Step 2: Exploration

Exploration involves looking into various alternative careers that matches one's personality. This step usually includes specific research on different careers to make a decision on a specific career that best fits one's requirements.

Step 3: Decision-Making and Goal Setting.

In this step, one decides on the specific career that they want to pursue. They also set achievable goals and timelines that the goals need to be achieved.

Step 4: Gaining Experience.

In this step, one looks for relevant experience in that career field. This usually involves the seeking of potential jobs that will ensure career growth that is in line with their goals.

Step 5: Implementation.

Once all the steps have been identified, one can now implement everything on the plan. This actually involves the putting the plan into action.

8 0
3 years ago
Other questions:
  • For decision-making purposes, qualitative factors are relevant if they differ among the alternatives and relate to the future.
    14·1 answer
  • Happy​ Valley, Inc. has received an invoice for​ $6,500 with terms of​ 3/15, n/45 and uses the net method to record purchases. I
    15·1 answer
  • Privacy act of 1974, the US government is prohibited from storing many types of data about US citizens. The act does NOT prohibi
    15·1 answer
  • What does a population possibilities curve represent
    15·1 answer
  • Pick Industries produces plastic toothpicks that it sells to distributors in the Southwest. During the early 1990s, the price of
    10·1 answer
  • To download your presentation as pictures, choose this option. Download a Copy Download as Images Download as ODP Download as PD
    9·2 answers
  • Need help ASAP, I’m going somewhere!
    8·1 answer
  • If the economy goes into a recession and incomes fall, what happens in the markets for inferior goods?.
    12·1 answer
  • A car rental agency rents 220 cars per day at a rate of 28 dollars per day. For each 1 dollar increase in the daily rate, 6 fewe
    11·1 answer
  • Ben and jerry would not be considered transformational leaders because they did not?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!