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Bond [772]
3 years ago
7

Sam is planning to start a pool cleaning business. If Sam meets his profit goal of $45,000 the first year and expects his annual

profits to increase by 5.5% each year for the next 3 years, how much profit does Sam expect to make in his third year of business?
Business
1 answer:
r-ruslan [8.4K]3 years ago
5 0

Answer: The answer is $ 49,950

Explanation:

The profit for the first year is $45,000

The increase in profit is 5.5%

Increase in profit

= 5.5/100*45,000

= $2,475

To calculate the profit for the second year

Profit + increase in profit

$45,000 +$2,475

= $47,475

To calculate the profit for the third year

Profit + increase in profit

$ 47,475 + $ 2,475

= $ 49 950

Therefore, The profit for the first year is $ 45,000, The second year profit is $47,475, For the third year the profit is $ 49,950

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Compare and contrast the two types of workplace motivation.
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Self Motivation requires a personal drive where as a group motivation has other people tell you when your doing good or they can help you when it isn't going are.
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3 years ago
Suppose your grandma sends you $100 for your birthday and you deposit $100 into your checking account at the local bank. The res
krok68 [10]

Answer:

e. $90; $100

Explanation:

The reserve ratio also known as cash reserve ratio is the portion of deposit that commercial banks must hold onto, rather than lend out or invest. It is determined by the central bank of a country and it varies.

Deposit into local bank=$100

Reserve ratio=10%

reserve ratio=10% of $100

=10/100×$100

=0.1×$100

=$10

Bank reserve has increased by $100 - $10

=$90

Checkable deposit has increased by $100 dollars deposited.

5 0
4 years ago
Read 2 more answers
Grande communications offers a lower price to customers who subscribe to grande television, telephone, and internet services all
Marizza181 [45]

Grande communications offers a lower price to customers who subscribe to Grande television, telephone, and internet services all at once. This is an example of price bundling.

Price bundling is a pricing strategy where companies package separate products together and offer them at a single typically lower price in order for higher sales and profit.

Price bundling is very common these days as it is seen that these days there are various companies who sell two products together at a lower price than the sum of the individual price of each product. Thus, by this they sell two products and make their sales.

Hence, Grande communications offers a lower price to customers whoever subscribes to Grande television, telephone, and internet services all at once.

To learn more about Price bundling here:

brainly.com/question/23175408

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8 0
2 years ago
Which of the following is a true statement about cost-benefit analysis? 1) helps decision makers formulate environmental legisla
Alina [70]

Answer:

The correct answer is 2) balances estimated costs with potential environmental benefits.

Explanation:

One of the advantages of using cost-benefit analysis method is that it enables us to understand the cost incurred against the benefits gained from a project. It helps to make a decision whether to continue a particular project or drop it if costs of a project is greater than its anticipated benefits.  The statement 2 is True.

6 0
3 years ago
Treasury bill returns are 4%, 3%, 2%, and 5% over four years. The standard deviation of returns
IRINA_888 [86]

Answer:

Option (D) 1.29%

Explanation:

Data provided in the question:

Treasury bill returns over four years :

4%, 3%, 2%, and 5%

Now,

Average return = (4% + 3% + 2%+ 5%) ÷ 4

= 3.5%

Standard deviation = [ ∑(Return - Mean)² ] ÷ [ n -1 ]

= [ (4% - 3.5%)² + (3% - 3.5%)² + (2% - 3.5%)² + (5% - 3.5%)² ] ÷ [ 4 - 1 ]

= 3.87% ÷ 3

= 1.29%

Hence,

Option (D) 1.29%

8 0
3 years ago
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