1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Paladinen [302]
3 years ago
5

Pierce currently has $10,000. What was the value of his money five years ago if he has earned 5 percent interest each year?. . .

A.. . $7,462.15. . . . . B.. $7,835.26. . . . . C.. $8,548.04.
Business
2 answers:
Juliette [100K]3 years ago
8 0

Answer:

B. 7,835.26

Explanation:

Vladimir [108]3 years ago
5 0
Amount = $10000
Let us assume the principal = x
Amount of interest = 5%
Time = 5 years
Then
x (1 + i)^t = 10000
x(1 + 0.05)^5 = 10000
x(1.05)^5 = 10000
1.28x = 10000
x = 10000/1.276281
   = 7835.26
From the above deduction, it can be easily concluded that the correct option among all the options that are given in the question is the second option or option "B".
You might be interested in
Factor Co. can produce a unit of product for the following costs: Direct material $ 7.70​ Direct labor 23.70​ Overhead 38.50​ To
vovangra [49]
I would help you but I can’t understand this
8 0
3 years ago
Data related to the inventories of Alpine Ski Equipment and Supplies is presented below: Skis Boots Apparel Supplies Selling pri
natta225 [31]

Answer:

inventory value=$ 377,000.00  

Explanation:

In applying the rule of the lower cost of cost or net realizable value,we compare NRV(selling price minus cost to sell) with the replacement cost(current price), where the lower of the two is then compared against the original cost of the inventory item as done in the attached.

Value of inventory=$120,000+$126,000+$90,000+$41,000=$377,000.00  

 

Download xlsx
8 0
3 years ago
Which one of these statements related to discounted payback is correct?a) the discounted payback period decreases as teh discoun
Free_Kalibri [48]

Answer:

A) the discounted payback period decreases as the discount rate increases

Explanation:

The discounted payback period is used to determine the profitability of an investment project.

A not discounted payback period is how long does it take for the cash flows of a project to recoup the investment's cost without considering the value of money in time. By applying a discount to the cash flows, the discounted period will more accurately measure the length of time needed to recoup an investment using current dollars.

The higher the discount rate, the longer it will take for the cash flows to cover the investment's cost, so if the discount rate lowers, then the discounted payback period will be shorter.

5 0
3 years ago
What is the margin of safety?<br> a. $ 25,000<br> b. $ 50,000<br> c. $100,000<br> d. $250,000?
Andrej [43]
It depends what for... but If its really important, u would say 50,000
3 0
3 years ago
True/False
Elanso [62]

<em>The answer is </em><em>FALSE.</em><em> </em>

<em>Relationship marketing is much important compared to maintaining databases of customer's information for mass marketing. A good relationship to clients can be a good promotion tool and technique compared to sending them promotional ads via email, SMS and social media sites. A word of a mouth is more powerful and personal compared to digital media. If the reputation of the company is good to some clients, then it will create good impression to other potential clients and to the people they know. If the company has a good impression, good attitude employees with good products, it will surely help to the company's revenue.</em>

5 0
3 years ago
Other questions:
  • Sales revenue is​ $725,700; allocated manufacturing overhead is​ $95,100; actual manufacturing overhead is​ $120,500; and cost o
    14·1 answer
  • Describe how winning the world series can rapidly increase the supply of a baseball team souvenirs
    5·1 answer
  • A granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For the current period, unproces
    11·1 answer
  • Bergeron is a local manufacturer of off-shore drilling platforms. In 2020, Bergeron entered into a contract to construct a drill
    5·1 answer
  • expain the meaning of national credit act and consumer protection act as some of the contemporary legislation​
    15·1 answer
  • Which document gives Congress the power to lay and collect taxes?
    9·1 answer
  • A developer of a new townhome community estimates that there will be 1,200 home (all types) sales in University City over the ne
    13·1 answer
  • Perhaps you think it will be easy to make responsible decisions regarding auto loans in your future . But , decision making can
    9·1 answer
  • Where can tourist obtain travel vaccinations​
    5·1 answer
  • The ______ argues that combining location specific assets or resource endowments and the firm's own unique assets often requires
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!