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Darina [25.2K]
3 years ago
10

On July 14 joseph invested $12000 in a fund that was growing at 5% compound semi annually

Business
1 answer:
kramer3 years ago
5 0

Answer:

$12,300

Explanation:

I will assume that Joseph invested in the fund on July 14, 2013.

We have to calculate the future value to March 15, 2014 (8 months later).

since the interest is compounded semi annually, it will earn interest on January  14, 2014.

Future value = $12,000 x (1 + 2.5%) = $12,300

since the fund is going to earn interests again on July 14, 2014, the value on march 14 is the same = $12,300

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Answer:

Elastic demand

A heart valve

Explanation:

A good with many close substitutes will have a highly elastic demand. This is because an increase in the price of the good will causes the consumers to purchase one of its cheaper substitutes.  

If both a diamond necklace and a heart valve for heart attack victims are priced the same, the price elasticity for the heart valve will be lower. This is because the diamond necklace is a luxury good but the heart valve is necessary for the survival of the victim.

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3 years ago
A dollar available today is always worth more than a dollar not available until a future period.
Lostsunrise [7]

Answer:

The statement is: True.

Explanation:

The Time Value of Money is a concept that states a dollar today is always worth more than a dollar tomorrow. The theory relies on the earning capacity of money. The approach is the reason why entrepreneurs prefer to capitalize on their investments the soonest so the more money available now will represent for them more money accrued in the future.

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3 years ago
Freytag Corporation's variable overhead is applied on the basis of direct labor-hours. The company has established the following
Serjik [45]

Answer:

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a. The computation of Variable Overhead Rate Variance is shown below:-

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= 8,700 × ($4.10 - ($36,540 ÷ 8,700)

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= 8,700 × -$0.09

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b. The computation of Variable Overhead Efficiency Variance is shown below:-

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= 5.5 × (8,800 - 8,700)

= 5.5 × 100

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5 0
3 years ago
How is the principle of open opportunity different from guaranteeing success to everyone in the marketplace?
sesenic [268]
The principle of open opportunity in the marketplace means that anyone who wants to put up a business is welcome to do so. However, the success of his business rests entirely on how well it is received in the market.

Guaranteeing success to everyone in the marketplace is impossible. Competition is always present. Demand and supply can be affected by factors beyond human control.
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3 years ago
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Answer:

Specializes in bringing buyers and sellers together.

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