Answer:
42.45 years
Explanation:
Discounting is the means by which the today's value of an amount in the future is computed. Compounding is the process by which the future value of a present amount is determined. In other words, the present value of $1 tomorrow is determined by discounting while the future value of $1 tomorrow is determined by compounding.
Where
Fv = Pv(1 + r)^n
Fv is the future value
Pv is the present value
r is rate
n is time
215000 = 36000(1 + 0.043)^n
215/36 = 1.043^n
Taking the log of both sides
log (215/36) = log 1.043^n
n = log (215/36) / log 1.043
n = 42.45 years
It will take 42.45 years to have enough to buy the car
Answer:
1. college education
2. medical emergencies
Explanation:
"Long-term needs" refer to things that you will be needing in the future. Among the choices above, the two best examples of long-term needs that people need to save for are:<em> college education </em>and <em>medical emergencies.</em>
- <em>Saving up for college is important</em> if you want to have a bright future or a better salary. Having a good income will give you the chance to save up for your future home's down payment as well as mortgage payment. It will most likely give you a better quality of life. Thus,<u> college education should come first</u>.
- <em>Saving up for medical emergencies</em> is also crucial because we're all human beings who, at some point, will deteriorate physically. There are also incidents which we cannot control such as <em>"car accidents." </em>Having money allotted for it will<u> prevent you from borrowing money from other people.</u><u><em> </em></u>
Answer:
Option (D) is correct.
Explanation:
Overhead rate = Budgeted overhead ÷ budgeted direct labor hour
= $300,000 ÷ 30,000
Overhead rate = $10 per labor hour
Overhead applied:
= Overhead rate × Actual direct labor hours worked
= $10 per labor hour × 36,000
= $360,000
Therefore, the amount of overhead applied for the year is $360,000.
The percentage of texting and driving car accidents in the united states is 1 out of 4 which means 25%
Answer:
The type of change which will be more effective in this scenario is:
B. Transformative.
The most effective tactics which will be effective in the scenario is:
4. Break your old ways of thinking and develop completely new strategies.
Explanation:
It is mentioned that to assume i m the CEO of an european railroad.
At present i have been hearing all about deregulation and including some plans for my new rail freight railways of their ways of creation and development.
Country can be totally changed with the help of these freeways. Also it will effect the rail industry and change it extremely.
Also been mentioned that many railroad companies are carrying freight which is at a very high speed and some of the other companies are solely responsible for transporting people at a slower speeds in different regions of europe.
So. the type of change which will be most effective in this situation is:
B. Transformative
And the most effective tactics which will be effective in the scenario is:
4. Break your old ways of thinking and develop completely new strategies.