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Whitepunk [10]
3 years ago
11

If $500 is invested at an annual interest rate of 8% per year, its future worth at the end of 30 years will be most nearly:

Business
1 answer:
Olenka [21]3 years ago
8 0

Answer:

FV=5031.32844

FV≅$5031

Future worth at the end of 30 years will be most nearly $5031.

Explanation:

In order to find the Future value after 30 years, we are going to use the following formula:

FV=PV*(1+i)^n

where:

FV is the future value (End of 30 years)

PV is the present value ($500)

i is the interest rate=8%=0.08

n is the number of years (30 years)

Now,

FV=PV*(1+i)^n

FV=500*(1+0.08)^{30}

FV=5031.32844

FV≅$5031

Future worth at the end of 30 years will be most nearly $5031.

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If sales increase from $460,000 to $520,260, and if the degree of operating leverage is 6.60, net operating income should increa
Ganezh [65]

Answer: $397,716

Explanation:

Degree of Operating Leverage = Change in Net Operating Income/ Change in Sales

6.60 = Change in Net Operating Income / (520,260 - 460,000)

(520,260 - 460,000) * 6.60 = Change in Net Operating Income

Change in Net Operating Income = 62,260 * 6.60

Change in Net Operating Income = $397,716

6 0
3 years ago
As people have become more healthminusconscious and decided to eat food that is better for them_________
vitfil [10]
As people have become more health-conscious and decided to eat food that is better for them the demand curve for oranges and apples has shifted to the right.
4 0
4 years ago
Candela Company has retained earnings of $500,000, common stock of $400,000, and total common stockholders’ equity of $1,200,000
nexus9112 [7]

Answer: A stock split will not have any effect on the total common stockholders' equity of $1,200,000.

Explanation:

A stock split is the issue of shares to the stockholders of a company. In this case, a stockholder will have 2 shares for a 1 share held earlier. Because the total equity does not change, the value of each share falls, reducing the market price. The total number of common stock however will increase.

The calculation is done in the following way.

Candela has common stock outstanding of 200,000

2x : 1 ( 2 x 200,000: 200,000)

=400,000 common stock

7 0
3 years ago
There are 5 applicants for a job, all of whom have different qualifications. the employer is in a hurry, and does not interview
Alenkinab [10]
To choose the two best, we have a target of two candidates, A & B
The first one chosen is either A or B, with a propability of 2/5.
The second one is the only interested candidate out of 4, so 1/4.
So probability of choosing the best two is 2/5*1/4=1/10.

Alternatively, use the combination formula, 
P(AB in any order) = 5!/(2!3!)=120/(2*6)=1/10
or in general,
n choose r = nCr = n!/(r!(n-r)!)
5 0
4 years ago
The federal legislation that replaces nclb, and articulates broad national goals and serves to guide much of federal educational
marin [14]

The federal legislation that replaces NCLB articulates broad national goals, and serves to guide much of federal educational funding is <u>ESSA</u>

<h3>What is ESSA?</h3>

President Lyndon B. Johnson signed the Elementary and Secondary Education Act into law in 1965. (ESEA). Johnson's War on Poverty was renewed in December 2015 as part of the Every Student Succeeds Act, which enjoyed significant bipartisan support (ESSA). Equal access to education and closing opportunity gaps are two issues that ESSA prioritizes above all others since they begin before children enter the K–12 system.

The nation's comprehensive K–12 education laws, which recognize the value of early childhood education (ECE) in ensuring kids are ready for kindergarten and do not fall behind later in life, for the first time incorporate early learning across the law.

This includes the Preschool Development Grant Birth through Five program (PDG B-5)—the first-ever funding source specifically designated for early childhood education—which offers states competitive grants to enhance ECE coordination, quality, and access.

Even though the No Child Left Behind Act of 2001, the predecessor to ESSA, permitted investments in early learning, ESSA significantly increases the importance of early learning in the law by encouraging service coordination among communities, encouraging greater alignment with the early elementary grades, and increasing ECE knowledge and capacity among teachers, leaders, and other staff members who work with young children.

Thus, ESSA is doing a great job and this has increased the literacy rate too.

For more information on ESSA, refer to the given link:

brainly.com/question/15444352

#SPJ4

6 0
2 years ago
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