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jekas [21]
3 years ago
13

A customer invests 50000. 10 years later, the investment is worth 100000. the customers annual compouned rate of return is?

Business
1 answer:
9966 [12]3 years ago
7 0

<u>Answer:</u> The rate of interest is 7.18 %

<u>Explanation:</u>

To calculate the rate of interest, we use the equation used for the interest compounded monthly follows:

A=P(1+\frac{R}{n})^{nT}

A = Amount after time period 'T' = $100,000

P = Principal amount = $50,000

R = rate of interest = ?

n = Number of times interest applied per time period = 1   (annually)

T = time period = 10 years

Putting values in above equation, we get:

100,000=50,000(1+\frac{R}{1})^{1\times 10}\\\\R=0.0718

Calculating the rate of interest in percentage:

\Rightarrow R\times 100=0.0718\times 100=7.18\%

Hence, the rate of interest is 7.18 %

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For June, Gold Corp. estimated sales revenue at $400,000. It pays sales commissionsthat are 4% of sales. The sales manager's sal
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Answer:

The budgeted selling expenses for the month of July is $220,000

Explanation:

The computation of the budgeted selling expenses are shown below:

= Sales commission + sales manager's salary +  shipping expenses +  miscellaneous selling expenses

where,

Sales commission = Sales × commission percentage

                              = $400,000 × 4%

                              = $16,000

Shipping expenses = Sales × expenses percentage

                                = $400,000 × 1%

                                = $4,000

The other expenses amount would remain the same

Now put these values to the above formula  

So, the value would equal to

= $16,000 + $190,000 + $4,000 + $10,000

= $220,000

8 0
3 years ago
Buildtron inc., a construction firm, is in need of a construction superintendent, whose primary responsibilities involve organiz
KATRIN_1 [288]
The appropriate response is Content Validity. It is a critical research approach term that alludes to how well a test measures the conduct for which it is expected. For instance, suppose your instructor gives you a brain research test on the mental standards of rest.
5 0
3 years ago
Furnaces &amp; Filters Inc. is a public company whose shares are traded in the public securities markets. Under the Sarbanes-Oxl
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Answer:

internal disclosure controls and procedures.

Explanation:

"Internal disclosure controls and procedures" is a new term created by the Sarbanes-Oxley Act of 2002 and it refers to controls and procedures that must be setup by top management of a corporation in order to ensure that the information it discloses under the Securities Exchange Act is properly recorded, processed, summarized and reported.

4 0
3 years ago
Given the cost formula, y = $7,000 + $1.80x, total cost for an activity level of 4,000 units would be:
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The total cost for this certain activity level can be calculated by substituting 4000 to the x of the equation given above,
                          y = 7000 + 1.8(4000)
                          y = 14200

Thus, the total cost of the activity level is $14,200.
4 0
3 years ago
Charles, the president of an IT company, is friends with Levi, the CEO of Cyber Industries, a company that develops and manufact
Akimi4 [234]

Answer: Option A

 

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In the given case, Levi deceited Charles by making him believe of a strategy that may or may not exist in his organisation. Thus, he will pay charles from the money that he will gain from the market after the announcement of the new processor.

Hence from the above we can conclude that the correct option is A.

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3 years ago
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