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algol [13]
3 years ago
6

3. If the interest rate at the bank for a savings account is 0.03%, how much money would you need to leave in the account for on

e year in order to earn $10 in interest?
Business
1 answer:
yuradex [85]3 years ago
7 0
The amount of interest that is incurred by depositing a certain amount is calculated through the equation,
                                  I = P x r
where I is the interest, P is the principal, and r is the decimal equivalent of the given rate. Substituting the known values,
                                 10 = P x (0.03/100)
The value of P from the equation is 33,333.33. Thus, an amount of $33,333.33 should be deposit to earn $10. 
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Which of the following statement is incorrect about the​ mission? A. The mission statement provides boundaries and focus for org
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Answer: OPTION E

Explanation: Mission refers to the ultimate goal that a business organisation has. It is the end point towards which all the procedures and activities of the business is to be carried out.

It is the future determining factor of a business. In nowadays the business is operating at a very high level with different functional area. These areas have different activities to perform and are useful in different ways by the organisation.

Thus, every functional area could have its different mission to complete.

7 0
3 years ago
2. How will the presence of Amazon affect the Illini Union Bookstore (both positively and negatively) in the future
mel-nik [20]

The Illini Union Bookstore on the University of Illinois campus has partnered with Amazon to create the first pickup location for Amazon products in Illinois.

What benefits does the collaboration offer?

For orders ordered before noon and for orders placed before 10 p.m., Amazon Prime members will enjoy Free Same-Day Pickup and Free One-Day Pickup, respectively. For a six-month free trial period followed by a 50 percent discount on the standard price of Prime, students can join up for an Amazon Prime Student membership. The worry that a shipment might be harmed or stolen after it has been delivered is also removed.

How will the presence of Amazon affect the Illini Union Bookstore?

The University of Illinois campus' Illini Union Bookstore and Amazon have teamed up to provide the state of Illinois' first Amazon merchandise pickup site. Customers can have their purchases delivered to the store rather than having them transported to their homes thanks to the staffed location.

Learn more about the partnership between amazon and Illini union bookstore: brainly.com/question/17182214

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8 0
1 year ago
1. You are a small employer wishing to establish a benefits program for your employees. What things should you consider to ensur
Ira Lisetskai [31]

The program is considered to be success when it is implemented properly.

Employee benefit programs include health and life insurance, preventative doctor care, and the free health checkups, all of which aid employees in maintaining excellent health and fostering wellbeing. These benefits increase employee satisfaction with your company.

Employers have a significant and costly challenge in managing employee benefits. While most companies are required to give mandated benefits such as Social Security payments, worker's compensation insurance, and unemployment insurance, the majority of other benefits are optional and selected by the company.

Therefore,  the answer is proper implementation.

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8 0
2 years ago
A corporation entered into a contract with an owner of land for the transfer of land at a price of $500,000 in sixty days. The c
Zielflug [23.3K]

Answer:

Yes, because the corporation remains liable to the owner under the contract

Explanation:

The above answer is true because in this case, there is no limit to the assignment of the contractual rights between the two parties, hence this assignment of a contract would be treated as both an assignment of rights and a delegation of duties.

Therefore, while the corporation in this case has delegated its duties and assigned its rights under the contract to the developer by assigning the contract to the developer, the corporation is still considered to be liable to the owner for payment of the purchase price.

And given the fact that the developer is not as creditworthy as the corporation, and thus there is a greater chance that the developer will be unable to pay the purchase price, the owner has the rights under the contract arrangement to contractually compel the corporation to do so.

4 0
2 years ago
The Shoal Company's manufacturing costs for the third quarter of 2019 were as follows: (CPA adapted) Direct materials and direct
creativ13 [48]

Answer: $1,017,000

Explanation:

In calculating product costs we take the following, Direct materials and direct labor, Other variable manufacturing costs, Depreciation of factory building and manufacturing equipment and Other fixed manufacturing costs.

We add all of those with the result being the Product cost.

Calculating therefore would give us,

= 770,000 + 135,000 + 87,000 + 25,000

= $1,017,000

$1,017,000 is the amount that should be considered product costs for external reporting purposes.

If you need any clarification do comment.

7 0
3 years ago
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