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lbvjy [14]
3 years ago
12

Your grandpa doesn't trust "young 'uns" so you are set to inherit a $1,000,000 trust fund on your 50th birthday. Your Grandpa al

so doesn't like banks so he has buried the cash somewhere on his 40-acre farm in a location that will be revealed to you by his lawyer since Grandpa will not be around when you turn 50. If you could possibly get your hands on it now (when you are 20), you could put it in a bank at 6% annual interest. If you were able to dig up the money now, how much would you have when you turn 50?
Business
1 answer:
miv72 [106K]3 years ago
3 0

Answer:

FV= $5,743,491.17

Explanation:

Giving the following information:

Present value (PV)= $1,000,000

Number of periods (n)= 30 years

Annual interest= 6% = 0.06

<u>To calculate the future value (FV), we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 1,000,000*(1.06^30)

FV= $5,743,491.17

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Which of the following best summarizes the critical skills in real estate brokerage?A. Communications, market knowledge, mathema
skad [1K]

Answer:

D. Listing, marketing, facilitating transactions, and managing information

Explanation:

The real estate brokers helps in facilitating the following activities:

Listing - They help in listing out the best options for the buyers

Marketing - The brokers representing the developer ( i.e the seller ) markets their product which is the real estate property

Facilitating transactions - They help the buyers and sellers for the ease in transaction  by being a mediator between the seller and the buyer.

Managing information - They manage the information related to the products and the information of the buyer so as to have an hassle free transaction.

4 0
3 years ago
When Glenn is thirsty, he always buys a Coke. Like many consumers, Glenn engages in considerable alternative evaluation when buy
Alecsey [184]

Answer:

False

Explanation:

Buying coke by Glenn is an habit because he does not have to think before doing it. He does not even try to consider alternatives which could be as a result of his total satisfaction from coke. Habitual decisions need little to no conscious effort (reasoning) to make.

Cheers.

3 0
3 years ago
The marketing manager for Gillette razors is attempting to determine a sales estimate for the line of products that provide men
EastWind [94]

Answer:

The correct answers are company sales potential; market potential.

Explanation:

This amount is known as the company sales potential. In addition, the marketing manager believes the total sales for the category to be $30 million annually for razors and razor blades for men. This is known as the market potential.

4 0
3 years ago
Mass production and the concept of interchangeable parts prompted greater development during the industrial revolution. true or
kodGreya [7K]
Yes, that's a true statement. 
4 0
4 years ago
Read 2 more answers
2. Why is the finance department of a company important? (1-2 sentences. 2.0 points) 3. Why is the marketing department of a com
snow_tiger [21]
2. The finance department is important in one company because it covers a wide range of activities from basic bookkeeping to providing financial information essential to the company's survival. Its role is to balance profit with cost also.

3. The marketing department plays a vital role in a company in representing the company's image and brand. They are the ones reaching out to customers, prospects, and investors.

4. <span>The customer service department's task is to keep the customers that the marketing department brought in satisfied. They handle problems, issues, queries that a customer may have, and the services they offer is extremely important for a company in a long-run.

5. In forming a new company, you will need to have workers and staffs in the marketing and finance department. Since a baby company will usually have a hard time entering a market, a skilled marketing staff is needed to market their products and services. To balance the cost of marketing and advertising also, you will need a proficient finance staff. With these two departments, you can slowly grow your company little by little.

6. Apple is an example of a very successful company in their chosen line of business. They offer <em>great customer service</em> and in-store experiences. They stay <em>two years ahead of their competitors</em>. They produce <em>easy to use </em>products which is, of course, a benefit to the customers. 

7. Top three reasons for the failure of a business: mismanagement - without proper planning or standards to follow a company would be in a chaos; poor accounting or financial decision making - money is what makes a business run, having inadequate knowledge in this area will seriously affect the business; location - is the location of the business convenient for customers? Your business can be great but the location also influences a company's success.

8. An example of an employee facing a conflict of interest is when he uses his position or involvement in that company for his own personal gain. To deal with this situation, a mediator or someone of higher rank can guide or supervise. Talking it out might help but to assure that such situation won't happen again, there must be sanctions or penalties imposed to the involved employee.</span>
3 0
4 years ago
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