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
sleet_krkn [62]
3 years ago
8

use the rule of 72 to calculate how long it will take for your money to double if it's earning 6% in interest

Business
1 answer:
marissa [1.9K]3 years ago
7 0
It would take by my calculations around 16 yrs but that is just an hypothesis

<span />
You might be interested in
Martinez, Inc. reported net income of $2.5 million in 2007. Depreciation for the year was $160,000, accounts receivable decrease
n200080 [17]

Answer:

$2,730,000

Explanation:

Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.  

These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income

The preparation of the Cash Flows from Operating Activities—Indirect Method is shown below:

Cash flow from Operating activities - Indirect method

Net income $2,500,000

Adjustment made:

Add : Depreciation expense $160,000

Add: Decrease in accounts receivable $350,000

Less: Decrease in accounts payable -$280,000

Total of Adjustments $230,000

Net Cash flow from Operating activities             $2,730,000

8 0
3 years ago
Recall Little’s Law that relates the 3 most important process measures (average inventory, average flow rate, and average flow t
Anna11 [10]

Answer: 0.15 years

Explanation:

According to Little's Law, it should be noted that:

I = R × T

where,

I = amount of flow units

R = rate of processing flow units

T = time

For this question,

I = $45 million

R = $300 million

Time will be:

T = I/R

T = 45/300

T = 0.15 years

Therefore, the account receivable process will use an average of 0.15 years.

7 0
3 years ago
Sadik Inc.'s bonds currently sell for $1,180 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year ma
Nadya [2.5K]

Answer:

7.74%

Explanation:

The yield to call would be the internal rate of return considering the cahsflow until the bodn is called. W can solve for that using excel IRR function;

We list the cashflow in order.

F0 -1180

F1 105

F2 105

F3 105

F4 105

F5 1205 (105 coupon payment plus 1100 principal)

We now write the function and get the YTC

=IRR(B1:B6) 7.7366%

3 0
3 years ago
Paul paid the real estate taxes on his rental apartment building. the real estate taxes are
Reptile [31]
A real pain in the butt!
7 0
3 years ago
Read 2 more answers
Lopez Corporation incurred the following costs while manufacturing its product.
grandymaker [24]

Answer:

$358,150

Explanation:

Cost of goods manufactured is calculated in a Schedule of Manufacturing Costs as follows :

Cost of goods manufactured = Beginning Work In Process + Total Manufacturing Costs - Ending Work In Process

where,

Total Manufacturing Costs :

Materials used in product              $124,260

Depreciation on plant                     $69,650

Property taxes on plant                   $21,750

Labor costs of assembly-line        $120,570

Factory supplies used                     $25,810

Total                                               $362,040

therefore,

Cost of goods manufactured = $13,700 +   $362,040 - $17,590 = $358,150

8 0
3 years ago
Other questions:
  • Moreno Motors Inc. identifies that bikers are usually the first users of their newly launched products. The firm sends consultan
    15·1 answer
  • The rate that a state assigns reflecting a company's stability or instability in employing workers is the:
    12·1 answer
  • When technology is progressing rapidly, firms are more likely to:?
    12·1 answer
  • Differentiate organizing from organization
    9·2 answers
  • What software is essential for any company doing business on the Web to constantly monitor the activity on a company's network s
    6·1 answer
  • True or false:
    14·2 answers
  • Klumper Corporation is a diversified manufacturer of industrial goods. The company’s activity based
    15·1 answer
  • With help from the marketing department, engineers at Easy Electronics have designed a new type of cable modem that is easier to
    11·1 answer
  • Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. The company has two manufacturin
    12·1 answer
  • Which method of backing up digital photographs involves physical storage of files?
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!