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mrs_skeptik [129]
3 years ago
12

Assume you have a brand new baby today. You plan to make 18 $1,000 annual deposits in her college savings account, starting on h

er 1st birthday (that is, at the end of her first year of existence) and concluding on her 18th birthday. If the account earns 9% per year, compounded annually, what will be the balance in her account after her 18th birthday?
Business
1 answer:
aleksley [76]3 years ago
7 0

Answer:

After her 18th birthday the balance will be $41,301

Explanation:

Balance right after the 18th birthday is calculated using the formula for future value of annuity

FV = PMT \times \frac{(1+i)^{n}-1}{i}

Annual payment PMT = 1,000

Interest rate i = 0.09

Deposits are made for 18 years: n = 18

The balance in her account will then be:

FV = 1,000 * ( 1.09^18 - 1 ) / 0.09

     = $41,301

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A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and declared and paid cash divi
ella [17]

Answer:

b. $433,750

Explanation:

The ending balance in retained earnings can be calculated as;

= Beginning balance + Net income - Cash dividends

Given that;

Beginning balance = $430,000

Net income = $60,000

Cash dividends = $56,250

= $430,000 + $60,000 - $56,250

= $433,750

Therefore, the ending balance in retained earnings is $433,750

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Ratling [72]

Answer:

2 methods are LEAN and Kaizen

Explanation:

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Lean is a very diverse management technique. Lean most often uses the term theory to be embraced by the company (business). Lean is based on a number of fundamental principles. It is essentially the organization's attempt to improve constantly in all aspects and prevent unnecessary waste.

Kaizen is an development process centered on Japanese cultural heritage. The focus of the enhancement is to progressively optimize methods and working practices, improving quality and reduce scrap, save resources and time to reduce costs, increase workplace safety and reduce working-place hazards.

6 0
3 years ago
Read 2 more answers
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Anastaziya [24]
The answer to this question is: <span>Sytems viewpoint, contingency viewpoint, and quality management
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kiruha [24]

Answer:

the answer is natural;human

7 0
3 years ago
You are expected to do a presentation of your business plan to a group of potential investors. Explain how you would respond to
UNO [17]
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3 years ago
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