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3 years ago

You deposit $500 in an account earning 5% interest compounded annually. How much will you have in the account in 10 years?

Business

1 answer:

Mademuasel [1]3 years ago

4 0

Answer:

Future Value= $814.45

Explanation:

Giving the following information:

Initial investment= $500

Interest rate= 5% interest compounded annually.

Number of years= 10

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

FV= 500*(1.05^10)

Future Value= $814.45

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When silicon chips are fabricated, defects in materials (e.g., silicon) and manufacturing errors can result in defective circuit

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3 years ago

If monopolistic competitors must expect a process of entry and exit like perfectly competitive firms,.

nikitadnepr [17]

If monopolistic competitors must expect a process of entry and exit like perfectly competitive firms, they will be unable to earn higher-than-normal profits in the long run.

<h3>What is a monopolistic competition?</h3>

A monopolistic competition is an industry characterised by many sellers of differentiated goods and services. A monopolistic competition has characteristics of both a monopoly and a perfect competition. A monopolistic competition sets the price for its goods and services. A monopolistic competition makes economic profit in the long run. An example of monopolistic competition are restaurants

A perfect competition is an industry characterized by many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply. In the long run, firms earn zero economic profit due to no barriers to the entry and exit of firms.

Here are the options:

A. they will be unable to earn higher-than-normal profits in the short run. O B. they will wish to cooperate to make decisions about what price to charge.

OC. they will wish to cooperate to make decisions about what quantity to produce.

O D. they will be unable to earn higher-than-normal profits in the long run.

To learn more about monopolistic competition, please check: brainly.com/question/21052250

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2 years ago

What are the main purposes of a budget?

disa [49]

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3 years ago

Read 2 more answers

Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that

geniusboy [140]

Answer:

Explanation:

Beginning WIP inventory 74000

Add: Units started during May 390000

Less: Ending inventory 34000

Units completed and transferred 430000

1 Equivalent Units

Whole units Materials Conversion

Beginning WIP inventory 74000 74000 74000

Started & completed 356000 356000 356000

Ending inventory 34000 23800 10200

Units accounted for 464000 453800 440200

Materials Conversion

Equivalent units of production 453800 440200

Cost Data: Total Material Conversion

Beginning WIP inventory 142800 98800 44000

Current costs 755960 513830 242130

Total cost to account for 898760 612630 286130

Divided by Equivalent units 453800 440200

Cost per Equivalent unit 2.00 1.35 0.65

Materials Conversion

Cost per Equivalent unit 1.35 0.65

Cost Assignment:

Ending Work in process:

Material 32130

Conversion 6630

Total Ending Work in process 38760

Cost of units completed and transferred

Material 580500

Conversion 279500

Total 860000

Cost to be accounted for:

Beginning WIP inventory 142800

Current costs 755960

Total costs to be accounted for 898760

Cost accounted for as follws:

Cost of units completed and transferred 860000

Cost of ending work in process 38760

Total costs accounted for 898760

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3 years ago

Christopher has a collection of 20 video games and will buy 4 more each month. Peter has a collection of 92 video games and will

Anton [14]

Answer:

It would be 8 months and they each would have 52 games.

Explanation:

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2 years ago