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
myrzilka [38]
2 years ago
12

You think that in 15 years it will cost $214,000 to provide your child with a 4-year collge education. Will you have enough if y

ou take $75,000 toady and invest it for 15 years at 4%?
Business
1 answer:
prisoha [69]2 years ago
8 0

Answer:

You will not have enough.

Explanation:

The rate of the investment is compounded, so the value at year 1, will be the value at year 0, increased in a 4%. Then, the value at year 2 will be the value at year 1, increased in other 4%, that's equal to the value at year 0 increased twice at 4%.

So, the formula to calculating the value at year 15 is 75,000*(1.04)^15 = 135,070.63. THen, it will not be enough. You have to invest at least 214,000/1.04^15 = 118,826.20 at year 0, at a rate of 4%.

You might be interested in
Industry analysts said that the recent rise in fuel prices may be an early signal of the possibility of gasoline and heating oil
yaroslaw [1]

Answer:

(E) that prices of gasoline and heating oil will stay higher than usual through

Explanation:

4 0
2 years ago
Devon owns a real estate company. He is aware of a decline in the housing market and realizes the need to encourage the realtors
Gnesinka [82]

Answer:

Involvement Culture

Explanation:

According to my research on studies conducted by various psychologists, I can say that based on the information provided within the question Devon is using the Involvement Culture. This is a culture that emphasizes the action of something that takes a lot of time, understanding and effort. This is one of the biggest challenges that some leaders can face.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

8 0
2 years ago
Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.9 pound
Stella [2.4K]

Answer:

Childress Company

Orders for K1 should be filled first.

Orders for G9 should be filled second.

Orders for S5 should be filled third.

Explanation:

a) Data and Calculations:

                                                               K1            S5           G9

Direct materials per unit (pounds)       4.9           2.4           5.4

Materials available for production = 58,400

Selling price                                      $ 167.40  $ 99.28  $ 210.02

Variable costs                                       89.00     76.00      149.00

Contribution margin per unit           $  78.40  $ 23.28   $   61.02

Contribution margin per pound         $16          $9.70       $11.30

Orders for K1 should be filled first

Orders for G9 should be filled second

Orders for S5 should be filled third.

b) This order filling sequence will maximize the contribution margin per pound, ensuring the highest efficient use of the limited materials available for production.

3 0
2 years ago
Mary, a real estate agent, buys for herself a property that her principal, Karen, wanted to buy. If Mary is aware that Karen wan
irakobra [83]

Answer: C. grant Mary the legal rights for the property.

Explanation:

Agents are not to use the knowledge that their principal paid them to acquire or that they acquired for the use of their principal for themselves.

If Mary bought a property knowing that Karen wanted to buy that property, the Court will award the title to Karen because Mary has violated her duty not to use knowledge of information intended for her principal for her own benefit.

6 0
2 years ago
A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 20,
DanielleElmas [232]

Answer:

181,500 units

Explanation:

Given that

Beginning work in progress inventory = 20,000 units

The department completed and transferred = 165,000 units

Ending period = 22,000 units

Percentage of completion = 75%

The computation of equivalent units is given below :-

Work in progress of ending period

= 22,000 × 75%

= 16,500 units

So, the equivalent units

= 165,000 + 16,500

= 181,500 units

6 0
3 years ago
Other questions:
  • You’ve just graduated from Berkeley College with a major in accounting and have landed your first accounting job. Your assignmen
    5·1 answer
  • What is a grant in terms of college?
    8·1 answer
  • How are accounts payable, denominated in another currency, reported on a U.S. company's balance sheet? A. At the exchange rate w
    12·2 answers
  • If shell decided to open a new service station I a rural area of uk, which was not well serviced with filling stations, it would
    5·1 answer
  • The Chicago National League Ball Club (Chicago Cubs) operated Wrigley Field, the Cubs’s home park. Through the 1965 baseball sea
    15·1 answer
  • Seller offers to sell her home to a purchaser for $70,000.00. The purchaser responds that she will buy the home for $60,000.00.
    15·1 answer
  • In 2016 Whitney's Cafe had a total revenue of $136,900. In 2017 Whitney's Cafe had a total revenue of $175,200. Complete the fol
    13·1 answer
  • Consider a U.S. importer desiring to purchase merchandise from a Dutch exporter invoiced in euros, at a cost of €512,100. The U.
    5·1 answer
  • L. Bowers and V. Lipscomb are partners in Elegant Event Consultants. Bowers and Lipscomb share income equally. M. Ortiz will be
    6·1 answer
  • Which theory combined the Japanese approach with such features as lifetime employment, employee problem solving, and consensus b
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!