At the end of five years, the total number of dollars in this investment would be $137,843.79.
<h3>What would be the value of the account at the end of 5 years?</h3>
When the account is compounded bi-monthly, it means that the amount invested and the interest already earned increases in value by 1% every two months.
The formula for calculating the amount that would be in the investment after years is>
FV = P (1 + r)^nm
- FV = Future value
- P = Present value
- R = interest rate
- m = number of compounding
- N = number of years
$24,000(1.01)^(5x6) = $137,843.79
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The sales level at which a company neither earns a profit nor incurs a loss is called the Break-even point.
<h3>What is the Break-even point?</h3>
Break-even is known to be a point or a situation where a firm is said to neither is making money nor they are losing money.
At this point, all the costs are said to have been covered. Break-even analysis is known to be very vital in studying the linkage between the variable cost, fixed cost and revenue. At this point, a firm is neither earns a profit nor incurs a loss.
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Answer: See explanation
Explanation:
Your question is not complete. Here is the completed question:
The Treasury bill rate is 6%, and the expected return on the market portfolio is 10%. According to the capital asset pricing model, what is the risk premium?
The risk premium will be the difference between the market portfolio and the treasury bill rate. This will be:
= 10% - 6%
= 4%
Answer:
The statement is: True.
Explanation:
Order winners are those products that customers recognize of having the minimum requirements so they can consider to purchase them and that are better than their competitors eventually making consumers buy them. Thus, firms must keep core competencies aligned to the customers' order winners.
Answer:
(D) all of these.
Explanation:
Accounting errors do occur when making journal entries. In such a case, if one is spotted, corrections are usually done by an accounting staff who is more experience and they are done as soon as they are discovered to avoid forgetting. The errors should not be erased, however, the accountant draws a strikethrough on the erroneous entry and writes the correct one above the cancelled error. Therefore, all the choices given are correct.
