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Vanyuwa [196]
3 years ago
5

A. Simple Interest (3 points each) 1) Ben deposited $6,500 in a simple interest account that pays 2.8% interest annually. If Ben

leaves the money in the account for 12 years, how much interest will he earn
Business
1 answer:
Inessa [10]3 years ago
4 0

Answer:

Interest= $2,553.8

Explanation:

Giving the following information:

Ben deposited $6,500 in a simple interest account that pays 2.8% interest annually.

To calculate the final value and the interest, we need to use the following formula:

FV= PV*(1+i)^n

FV= 6,500*(1.028^12)= $9,053.80

Interest= final value - capital

Interest= 9,053.80 - 6,500= $2,553.8

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Norm and his creative team need to present an idea for marketing a new detergent to the head of their advertising agency. Diane,
Kobotan [32]

Answer: goal displacement

Explanation:

Goal displacement is when individuals or organizations substitute alternate goals for the original goals that they were meant to accomplish.

In this case, we are told that Norm and his creative team need to present an idea for marketing a new detergent to the head of their advertising agency but that Diane, a member of the team, always resented Norm’s promotion to team leader and always objects to every idea Norm suggests and spends the entire meeting selling her approach. Diane is using goal displacement here as she has another goal rather than the goal of the team which they've agreed on.

5 0
3 years ago
Mauro Products distributes a single product, a woven basket whose selling price is $21 per unit and whose variable expense is $1
Grace [21]

Answer:

1. Break even points in units will be =  2,700 units

2. Break-even point in dollar sales = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales = 2,900 units

Explanation:

Break even point = \frac{Fixed Cost}{Contribution per unit}

Fixed Cost = $8,100

Contribution per unit = Sale Price - Variable Cost = $21 - $18 = $3

1. Break even points in units will be

= \frac{8,100}{3} = 2,700 units.

2. Break-even point in dollar sales

= Break even point in units X Sale price per unit

= 2,700 units X $21 = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales

= \frac{8,100 + 600}{3} = 2,900 units

Final Answer

1. Break even points in units will be =  2,700 units

2. Break-even point in dollar sales = $56,700

3. In case fixed expense increase by $600 then Break even point in unit sales = 2,900 units

3 0
4 years ago
Operating Leverage
amid [387]

Answer:

Degree of operating leverage= 1.4

Explanation:

Giving the following information:

Sales $6,160,000

Variable costs (4,620,000)

Contribution margin $1,540,000

Fixed costs (440,000)

Operating income $1,100,000

<u>To calculate the degree of operating leverage, we need to use the following formula:</u>

degree of operating leverage= Total contribution margin / operating income

degree of operating leverage= 1,540,000 / 1,100,000

degree of operating leverage= 1.4

3 0
3 years ago
Question 2 of 10
klemol [59]

Answer:

. ' .

_________________________________________

, :)

7 0
3 years ago
Read 2 more answers
easures of average workweeks and of supplier deliveries (vendor performance) are included in the index of leading indicators, be
OverLord2011 [107]

Answer:weaker; stronger

Explanation:index of leading indicators is an index published monthly by The Conference Board. It is used to predict the direction of global economic movements in future months. The index is composed of 10 economic components whose changes tend to precede changes in the overall economy. Businesses and investors can use the index to help plan their activities around the expected performance of the economy and protect themselves from economic downturns.

Leading economic indicators are statistics that precede economic events. They predict the next phase of the business cycle. That becomes critical when the economy is either coming out of a recession or heading into one.

5 0
3 years ago
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