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
saw5 [17]
3 years ago
9

sarah Jones wants to deposit $2,000 per year into an account earning 4 percent for the next 3 years, so she can purchase a used

car at that time. What type of computation would she use to determine the amount she will have accumulated for this purchase?
Business
1 answer:
andre [41]3 years ago
5 0

Answer:

Compounding formula would be used here which is as under:

Future Value = Present value * (1+r)^n

FV = (PV is $2000) *  ( 1 + 4%)^ 3 number of years

Remember that r is the return that is 4% that Sarah Jones will receive.

So

FV = $2250

So this is the amount that she will receive after three years. I would recommend her to invest in ordinary shares (take higher risk for higher return) so that she is able to buy a better car.

You might be interested in
A journal entry for a $75 payment for Rent expense was posted as a debit to Salary expense and a credit to Cash. This error will
Illusion [34]

Answer: The correct answer is a). The sum of the debits will equal the sum of the credits.

Explanation: When a journal entry is posted as same amount to both the debit and credit it balances up in the trial balance.

In the same vein, irrespective of the error in the ledger raised and posted in the trial balance, the sum will be equal on both the debit side and the credit side.

3 0
3 years ago
Nakawé, LLC produces and sells greeting cards in a competitive market. The total cost of producing 1000
Nikolay [14]

Answer:

Nakawé, LLC produces and sells greeting cards in a competitive market. The total cost of producing 1000

greeting cards is $4000. The price of a greeting card is $4.

What is this firm's economic profit (or loss)?

Explanation:

or loss

4 0
3 years ago
Jennifer is marketing manager for a major consumer goods firm. She is interested in determining if market opportunity exists for
Andrei [34K]

Answer:

- How to best segment the ready-made dinner market.

4 0
4 years ago
After identifying the purpose of your message, you should select the most appropriate communication channel. When determining th
Varvara68 [4.7K]

For an effective communication to take place the selection of the most appropriate channel ( medium for convening information) for the intended audience is very important

Explanation:

The factors that are important in the determination of  the most appropriate channel/Medium for  communication are:

  • Urgency of the message(Importance of the message)
  • Confidentiality of the message and the medium
  • Record(The business communication needs to be recorded)
  • Cost incurred in sending the message
  • Supporting Technology
  • Distance

When determining the most effective channel for the  message,one should initially consider the importance of the message.

6 0
4 years ago
Chandler Kumar owns two antique stores. One is in an upscale neighborhood, and its merchandise is artfully arranged and priced t
Sav [38]

Answer: targeting

Explanation: In simple words, targeting strategies refers to the strategy involving the selection of potential customers and product that will be offered to those customers.

In the given case, Chandler is doing a minor change in the presentation of the goods offered so that he can target different type of customers. In the first store he is trying to target the high value customers by arranging the goods in a sophisticated manner and in the second one he is targeting the common customer.

Hence from the above we can conclude that Kumar is using different targeting strategies.

8 0
3 years ago
Read 2 more answers
Other questions:
  • Parul Janta has just begun to understand French culture, even though she has lived in France for two years. She is nearly fluent
    15·1 answer
  • Department is related to the organization as employee is related to a performance is be subordinate see coworker D supervisor E
    12·1 answer
  • As time goes on and stresses increase, marital satisfaction goes down. For many couples, the reason for this drop is having chil
    11·1 answer
  • Riley says that the present value of $700 one year from today if the interest rate is 6 percent isless than the present value of
    5·1 answer
  • Each of the following people bought a watch that costs $300. Which of the following people will pay the most for their purchase?
    7·1 answer
  • Explain how firms/businesses compete without lowering their prices
    12·1 answer
  • Counteroffers __________. question 3 options: have no effect on the original offer create two offers, either of which may be acc
    11·1 answer
  • Health Defense sells first aid kits and uses the periodic inventory system to account for its merchandise. The beginning balance
    11·1 answer
  • (Part 1) If Malaland exports $59 billion in goods to Bursia, and Malaland imports $42 billion of goods from Bursia , what is the
    10·1 answer
  • Suppose that in 2014, currency in circulation was $950 billion, required reserves were $60 billion, and excess reserves were $84
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!