This one is tricky, only because you aren't sure if they are adding the percentage before you deposit 4,000 more, or after. Since both are annually.
But I would add 11,122.76 and 4,000 =15,122.76 add 12% which is 1814.73 making your total for the first year = 16,937.49.
Then assume it again, you add 4,000. That's 20,937.49
add 12% of 20,937.49 which is 2512.50 so that equals =23,449.99 by the end of year 2.
so add 4,000 again, that's 27,449.99
find 12% and add it to get =3294 add that to the total =30,743.99 by year 3.
(I'm sure they want you to round, which I keep doing with my decimals, but it'll probably go faster if you round ahead of time, but I'm trying to be accurate)
Keep going....
34,743.99 which 12% added is 4169 or a total of $38,912.99 by end of year 4.
add 4,000 to get =42,912.99 and 12% that's roughly a total of 48,063 rounded by the end of year 5.
52,063 at 12% 58,310 by year 6.
58,000 add 12% = 64,960 at end of year 7
68,960 add 12%= 77235 at year 8
81,235 add 12% =90,983 by year 9
94,983 add 12% =106,380 by year 10 (this is where you can assume that they'd want you to double it and it's be 20 years and 210,000. But in real math, the amount is increasing so much because it's 12% of the current balance)
123,626.56 year 11
142,942 by year 12
164,574 by year 13
188,803 by year 14
203, 939 by year 15
So you'd go over 210 by year 16.
Now again, this depends if they add the 12% before or after you deposit 4,000 each year. It also has to have an easier equation, but to be accurate I did it this way. I'm sure that they want you to do like x=years and you'd go 11,122.76+4,000 multiplied by 12% and then try different years to see the number you get until you'd come to 16.
Answer:
The following information summarizes the SWOT analysis for an escape room business. SWOT stands for strengths, weaknesses, opportunities, and threats. A SWOT analysis is a method for strategic planning that evaluates these four elements as they relate to the business objectives. Every escape room business should invest time into completing a SWOT to help ensure success.
Strengths
Relatively easy entry and low capital outlay.
Unique themes
Variety of difficulty levels
Game masters trained for role-playing and excellent customer service
Location is close to customers and relatively far from competitors
Regular changes to clues and puzzles
Weaknesses
Upset customers can potentially harm both business reputations or cause collateral damage by way of online reviews.
New to the area and market
Brand not well established
Limited capital
Opportunities
Reach a customer geography not yet catered for
Growing industry and popularity of mystery rooms
Unlimited number of new themes, game, and clues
Low barriers to entry
Threats
Another new entrant or current supplier expansion could potentially hurt market share.
While we do have a backup, the website could go down for technical reasons.
Sales tied to economic growth.
Game mechanism not protected under U.S. intellectual property law
Established companies expanding into the City
Explanation:
Answer:
Report a prior period adjustment decreasing retained earnings by $1,365,000.
Explanation:
Going by the question we can derive that $2,100,000 is the prior period's warranty. Consequently, it will be charged to the current year's earnings following the deduction of tax, 35%.
(2,100,000 *65) /100 = $1,365,000
This above calculation is so because Under the accrual basis of accounting...operating expense are reported on the income statement in the particular period when they took place or when they expire
The factors that affect the level of wages are skills and abilities, the size of the labor pool, and the actions of labor unions. therefore, these options are correct statements.
<h3>
How do you determine the level of wages?</h3>
Wages are decided through supply and demand, however, they may be stimulated through a huge form of factors, inclusive of the fee of living in a specific area, the presence of a union, and the modern-day minimal wage.
Pay prices additionally range through gender, race, training degree, and talent degree of the workforce.
Thus, the correct options are skills and abilities, the size of the labor pool, and the actions of labor unions.
Learn more about the level of wages here:
brainly.com/question/1142533
#SPJ1
Answer:
<em>MRP (Material Requirement Planning)</em>
Explanation:
Material Requirements Planning (MRP) is a calculation system for the components and materials necessary to produce goods.
All of this consists of <u>three principal steps</u>:
- stock of on-hand components and materials,
- recognize which added bits are required and,
- afterwards schedule their manufacturing or purchase.
