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
zavuch27 [327]
3 years ago
14

you want to have $57,000 in your savings account 10 years from now, and you're prepared to make equal annual deposits into the a

ccount at the end of each year. If the account pays 7.9 percent interest, what amount must you deposit each year
Business
1 answer:
VMariaS [17]3 years ago
6 0

Answer:

$2,271.50

Explanation:

Future value of annuity=Annuity[(1+rate)^time period-1]/rate

57,000=Annuity[(1.079)^10-1]/0.079

57,000=Annuity[(1.079)^9]/0.079

57,000=Annuity * 1.9824/0.079

57,000=Annuity * 25.093671

Annuity=57,000/25.093671

Annuity = 2271.489094

Annuity = $2,271.50 appr.

You might be interested in
Sandra is a production manager at a soda manufacturing and bottling plant. One of her duties is to create a monthly inventory re
GaryK [48]

Answer:

Accuracy

Explanation:

Sandra as a production manager is responsible to make a list of material received from the supplier. For an accurate list, it is important that the supplier must provide her with the detail of every inventory they provided along with the recipes.  In the previews month, the supplier provided an erroneous list which leaked detail and in this case, her report cannot be considered authenticate or reliable because it lacked accuracy.

4 0
3 years ago
true or false: the profit margin is the financial gain from a sale after the costs of providing the sold product have been deduc
kotykmax [81]

The profit margin is the financial gain from a sale after the costs of providing the sold product have been deducted. Thus, the statement is true.

<h3>What is the profit margin?</h3>

Profit margin is the portion of sales that a company keeps after all costs are subtracted. It essentially displays the percentage of each dollar of sales that is kept as profit. A 15% profit margin, for instance, means that a company keeps $0.15 from every dollar of sales produced.

Comparing the firm's operations to those of a best-in-class company, maybe in a different industry, is another way to increase your profit margin. This comparison could point out several operational tweaks that could be done to raise profit margins.

Learn more about profit margin, here:

brainly.com/question/16999019

#SPJ1

6 0
1 year ago
The oviedo thespians are planning to present performances of their florida revue on 2 consecutive nights in january. it will cos
bagirrra123 [75]
<span>For 2 nights cost is $10,000 for theater rental, insurance, and musicians. 10% of $10,000 is $1000 that goes to theater if $10,000 worth of ticket is sold, which is to break even. Now the break even cost is $10,000+$1000= $11,000. Cost of one ticket is $10, to break even the total cost, number of tickets that must sell is $11,000 divided by $10, which is 1100 tickets. 1100 tickets must sell in total for two nights to break even.</span>
7 0
3 years ago
4. Malik's father recently died. His dad had an insurance
Salsk061 [2.6K]

The type of insurance money that Malik has received indicates life insurance and the correct option is D.

<h3>What is life insurance?</h3>

Life insurance is an agreement wherein a policyholder will pay everyday premiums in alternate for a lump-sum demise benefit that can be paid to the policyholder's beneficiaries. The lump-sum gain is paid while the policyholder passes away or a selected amount of time has passed.

Hence, The type of insurance money that Malik has received indicates life insurance and the correct option is D.

learn more about life insurance here:

brainly.com/question/1373572

#SPJ1

7 0
2 years ago
Companies striving for global market leadership pursue strategic alliances or collaborative partnerships with foreign companies
FrozenT [24]

Answer:

get into critical country markets quickly, gain inside knowledge about unfamiliar markets and cultures, and access valuable skills and competencies that are concentrated in particular geographic locations.

Explanation:

Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Basically, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.

Some examples of international economic organizations involved in global economy and trade are;

I. World Trade Organization (WTO).

II. United Nations (UN).

III. International Monetary Fund (IMF).

IV. United Nations Conference on Trade and Development (UNCTAD).

When a company or business firm strive for global market leadership, its main focus would be to pursue strategic alliances or collaborative partnerships with foreign companies. This would enable it get into critical country markets quickly and effectively, it would also gain an inside knowledge and understanding about unfamiliar markets, consumer demographics and cultures, as well as getting hold of valuable skills and competencies that are concentrated in specific geographic locations in the world.

6 0
3 years ago
Other questions:
  • Which terms will make the following statement true? When manufacturing overhead is overapplied, the Manufacturing Overhead accou
    5·1 answer
  • Eastwick produces and sells three products. Last month's results are as follows: P1 P2 P3 Revenues $100,000 $200,000 $200,000 Va
    7·1 answer
  • The writing for a proposal should
    10·1 answer
  • This problem has been solved!
    12·1 answer
  • For segmentation strategy to be successful, the customers in the segment must react similarly and positively to firm's offering,
    5·1 answer
  • Marina Inc. sells and services sailboats. On April 1, Marina financed the purchase of its entire inventory with ACE Finance Comp
    5·1 answer
  • Determine whether each of the following goods is a private good, a public good, a common resource, or a club good. Private Good
    5·1 answer
  • Sound Audio manufactures and sells audio equipment for automobiles. Engineers notified management in December 2021 of a circuit
    9·1 answer
  • Taxes on cigarettes are designed to a. lower the price to reflect their true benefits b . encourage farmers to grow more tobacco
    10·1 answer
  • The preferred approach to allocate joint costs to products is the value basis, which allocates a joint cost in proportion to the
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!