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evablogger [386]
3 years ago
10

Suppose you invest semiannually for 25 years in an annuity that pays 5% interest, compounded semiannually. At the end of the 25

years, you have $500,000. How much of this total is interest? Enter your answer rounded to the nearest hundred dollars.
Business
1 answer:
bonufazy [111]3 years ago
7 0

Answer:

$354,500

Explanation:

First find the amount invested ie the Present Value as follows :

n = 25 × 2 = 50

i = 5%

P/yr = 2

Pmt = $0

Fv = $500,000

Pv = ?

Using a Financial Calculator to enter the amounts as above, the Present Value is $145,471

Total Interest = Future Value - Present Value

                      = $500,000 - $145,471

                      = $354,529

Thus interest is $354,500 (nearest hundred dollars).

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What is the term used to describe the linking of key product or service requirements to process capabilities?
Igoryamba

Answer:

Product or service profiling.

Explanation:

Product or service profiling is the term used to describe the linking of key product or service requirements to process capabilities.

Generally, most organizations and business owners use the product or service profiling strategy to enhance consistency through the identification of their key services or product line and as such are avail the opportunity to select the appropriate process, procedures and techniques to achieve their goals and objectives successfully.

3 0
2 years ago
The following costs were incurred in September:
aleksley [76]

Answer:

Option (d) is correct.

Explanation:

Given that,

Direct materials = $44,200

Direct labor = $31,800

Manufacturing overhead = $25,200

Selling expenses = $22,100

Administrative expenses = $37,100

Conversion cost:

= Direct labor + Manufacturing overhead

= $31,800 +$25,200

= $57,000

Therefore, the conversion costs during the month totaled $57,000.

5 0
3 years ago
1. Accounts in non-depository institutions are almost always insured by the government. [x]True False 2. All financial instituti
Darina [25.2K]
The right answer for the question that is being asked and shown above is that:

"FALSE." <span>Accounts in non-depository institutions are almost always insured by the government. 
</span>"FALSE." All financial institutions are equally safe and <span>beneficial to use.
"TRUE." </span><span> Financial experts recommend that you compare at least several different financial institutions in your area and find the one that best meets your needs.
"TRUE." </span><span>Personal financial planning is the process of creating and achieving financial goals
"FALSE." </span><span>Shared decision-making is always a positive strategy to take</span>
6 0
3 years ago
When Corinne asked why she didn't get the job, the manager replied, "I needed someone who understood basic accounting practices
OLga [1]

Answer:

The aspect of career readiness the manager feel Corinne was lacking was Knowledge

Explanation:

Career readiness is the preparation and process of acquiring skills, knowledge, talents that are required to start a career, maintain one's position in such career and grow.

The aspect of career readiness the manager feel Corinne was lacking was Knowledge because see made a statement that implied that Corinne lack basic understanding of accounting practice.    

Knowledge  is an aspect of career readiness that has to do with the theoretical or practical  understanding of a subject matter. It is the information, skills and facts gained through experience and education.

Other skills that are acquired in the process of career readiness are communication skills, human relation skills, critical thinking skills etc.

5 0
3 years ago
Members of _________ organizations do not get paid and instead contribute their time or money because they like or admire what t
drek231 [11]
Non-profit organizations. (They don’t make money)

Hope I helped!
7 0
3 years ago
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