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Anastaziya [24]
3 years ago
13

What amount needs to be invested today at 6% simple interest in order to have $4000 in 2 years?

Business
1 answer:
garri49 [273]3 years ago
4 0
Data:
A (amount) = ?
P (Principal) = $ 4000
r (rate) = 6% → 0.06
t (time) = 2 years

Formula:
A = P(1+r*t)

Solving:
A = P(1+r*t)
A = 4000(1+0.06*2)
A = 4000(1+0.12)
A = 4000*1.12
\boxed{\boxed{A = \$\:4480}}\end{array}}\qquad\quad\checkmark


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Adams Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells bet
elena-14-01-66 [18.8K]

Answer:

Number of Trophies 6,000 8,000 10,000 12,000

Total costs incurred

Fixed 76,000. 76,000 76,000 76,000

Variable 42,000 56,000 70,000 84,000

Total costs 118,000 132,000 146,000 160,000

Cost per unit 12.67 9.50 7.60 6.33

Fixed Variable 7.00 7.00 7.00 7.00

Total cost per trophy 19.67 16.50 14.60 13.33

Explanation:

Calculation to Complete the preceding table by filling in the missing amounts for the levels of activity shown in the first row of the table

Number of Trophies 6,000 8,000 10,000 12,000

Total costs incurred

Fixed 76,000 76,000 76,000 76,000

Variable 42,000 56,000 70,000 84,000

Total costs 118,000 132,000 146,000 160,000

Cost per unit 12.67 9.50 7.60 6.33

Fixed Variable 7.00 7.00 7.00 7.00

Total cost per trophy 19.67 16.50 14.60 13.33

Fixed Cost =76,000

Variable cost per unit =42,000/6,000 units=7 per units

Variable cost per unit =8,000 units×$7 =$56,000

Variable cost per unit=10,000 units×$7=$70,000

Variable cost per unit=12,000 units× $7=$84,000

Total Cost =Fixed cost + Variable cost

Cost per unit=Fixed cost/Number of units

8,000 units=76,000/8,000=$9.50

10,000 units=76,000/10,000=$7.60

12,000 units=76,000/12,000=$6.33

Fixed Variable=42,000/6,000 units=7 per units

Total cost per trophy =Cost per units + Fixed variable

5 0
3 years ago
Mary and Ted are discussing starting a new business and are asking themselves a series of questions like, "What is the worst tha
MissTica

Answer:

Mary and Ted need to determine the type of partnership business they plan to enter into, if it is a <em>General Partnership, Limited Partnership and Limited Liability Partnership.</em>

The type of partnership business will determine their individual liabilities, in the event the business folds up. Furthermore, In a bid for Mary and Ted to answer questions like,"What is the worst that could happen if we fail, they will need a partnership agreement, which states the terms of agreements of each partners.

Explanation:

Mary and Ted need to determine the type of partnership business they plan to enter into, if it is a <em>General Partnership, Limited Partnership and Limited Liability Partnership.</em>

The type of partnership business will determine their individual liabilities, in the event the business folds up. Furthermore, In a bid for Mary and Ted to answer questions like,"What is the worst that could happen if we fail, they will need a partnership agreement, which states the terms of agreements of each partners.

4 0
3 years ago
The SBA provides information for which group of people?
Viktor [21]

Answer:

people starting and operating small businesses

Explanation:

In business terms,  SBA stands for Small Business Administration.

This is a government agency that was formed in 1953 with the purpose of providing small scale entrepreneurs with various types of supports. Such as education about how to operate a business, small loans as their beginning capital, etc.

The government created this administration to encourage production of goods that stimulate the growth of the nation's Economy.

4 0
3 years ago
What is the primary disadvantage of outdoor advertising? it provides low flexibility it permits low repeat exposure it provides
nikklg [1K]
The primary disadvantage of outdoor advertising is that it provides little audience selectivity. It is because in outdoor advertising, they try to advertise or make known of their products by placing it on billboards, placing it on vehicles or any exterior places that could be placed on. What makes it have little audience selectivity is that the people who could only notice it is those who could be able to see the advertisement. With that, it makes only few people see it and does not target a lot of consumers.
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3 years ago
The account balances and income statement of Winfrey Towing Service on June 30, 2018, follow:
Alina [70]

Answer:

1. WINFREY TOWING SERVICE

Statement of Comprehensive Income

                                           $

Service revenue               10,800

Rent expense                    (550)

Salaries expense              (1,900)

Dividends paid                  <u>(4,000)</u>

Net income                        <u> 4,350</u>

Statement of Retained Earnings

                                             $

Retained earnings b/f      3,900

Add: Net income               4,350

Retained earnings c/f       8,250

2. Statement of retained earnings report changes in retained earnings of a company in a given accounting year.

Explanation:

In this question, we need to obtain the net income of the company, which  is service revenue minus expenses minus dividend. Then, the statement of retained earnings is prepared by taking cognisance of the retained earnings brought forward and add the net income for the year.

7 0
3 years ago
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