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ad-work [718]
2 years ago
12

Susan opened a savings account with $750 at 2.9 percent annual interest. If she keeps the money in the account for 2 years, what

is the total amount in the account?
Business
1 answer:
Andrews [41]2 years ago
7 0

Answer:

The answer is $793.50

Explanation:

To solve this, we will use the annual interest formula for simple interest, which is:

A = P(1 + <em>rt</em>)

Where:

  • A is the final amount including principal
  • P is the principal amount = $750
  • <em>r</em> is the rate per year = 2.9% or 0.029 (that is 2.9 divided by 100)
  • <em>t</em> is the number of years = 2 years

Next, we input these into the equation as follows:

A = 750(1 + 0.029 x 2)

A = 750(1 + 0.058)

A = 750(1.058)

A = 793.5

Therefore, Susan earns $793.50

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Alex17521 [72]
I think the correct answer from the choices listed above is the last option. H<span>e earns a salary from his work, interest on his savings account, and dividends on his stock holdings. Hope this answers the question. Have a nice day.</span>
5 0
3 years ago
Budgeting material purchases budget. The Howell Company has prepared a sales budget of 42,000 finished units for a 3- month peri
tangare [24]

Answer:

The number of Gallon materials Howell company should buy is 166000 Gallons

Explanation:

Finished goods

opening inventory               11000

produced                                            

closing inventory                13000

finished goods sold            42000

using the bottom up approach to get goods produced

sold goods + closing goods - opening goods = produced =44000 goods

Direct material ( Gallons)

opening materials                  66000

purchased                             166000              

available for use                   232000

used in production                 176000

closing gallons                       56000

We use the bottom up approach to get the materials to be purchased

closing stock plus used in production to get available for use then subtract opening material to get purchased = 166000

4 0
3 years ago
A bicycle repair company conducted segmentation research and then targeted their direct mail coupons for a first bike tune-up to
Kamila [148]

Answer:

Who am I trying to reach?

Explanation:

Targeting and segmentation is the process by which a company focuses marketing activities regarding a particular product to a defined customer profile.

Certain criteria like income, age, location, culture and so on can be used as a basis for segmentation.

Basically the question that segmentation and targeting answers is - Who am I trying to reach?

In the given scenario the bicycle repair company conducted segmentation research and then targeted their direct mail coupons for a first bike tune-up to that identified customer segment.

So they answered who they want to sell to.

8 0
2 years ago
You have received a research report done by a consultant for your firm, a life insurance company. The study is a survey of moral
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Answer:

The research report must have the following attributes:

  • Easy to read and prepared in very simple language
  • A good report must outlay all arguments and results, facts, and arguments in a way that aligns properly with the objective of the report
  • the report must be prepared on time
  • It must be straightforward. The presentation must be very well articulated, properly spaced, aligned using very clear font types.

Cheers

5 0
3 years ago
Two general contractor firms, Atlantic Builders and North West Mechanical, form a joint venture for the purposes of completing a
gregori [183]

Answer:

(d) Atlantic Builders and North West Mechanical are both liable.

Explanation: Because the incident happened at working site and both companies are on a joint venture, they are both liable to the damage regardless of which company does the employee belong to.

Answer:

(d) Against the shareholders, if it finds that Clean Earth has acted in a "responsible and sustainable manner."

Answer:

(b) Yes, if all of the shareholders are U.S. citizens or residents.

7 0
3 years ago
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