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Artyom0805 [142]
3 years ago
11

Brenda plans to reduce her spending by $80 a month. Calculate the future value of this increase in saving over the next 10 years

. (Assume an annual deposit to her savings account, and an annual interest rate of 5 percent.)
Business
1 answer:
DerKrebs [107]3 years ago
3 0

Answer:

Explanation:

Formula to be used is Future value of annuity, FVA = Annuity*{[(1+i)^n -1}/i;

i - interest rate; in this case i=5%

n - number of years; in this case n=10

Annuity = 12*80 =960, the yearly amount reduced from spending

So FVA = 960*{[(1+0.05)^10 - 1]}/0.05 = 960*0.62889/0.05 = 960*12.5778 =

= 12,074.68

So the future value of these savings is 12,074.68

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Describe a process with which you are familiar. List some factors that contribute to common cause variation. Cite some examples
kolezko [41]

Answer / Explanation:

If given a couple of data and asked to analyse it, there is bound to be some level of variation. Irrespective of how much e try to avoid it, we will find it difficult to achieve identical results for two different scenarios.

Variation can therefore be defined as the quantitative or numerical approach used to indicate how widely individuals in a group vary.

Factors that contributes to common cause variation includes:

First, we need to understand that Common Cause Variation are caused by unknown factors that result in a steady but random distribution of output around the average of the data. We need to understand that Common cause variation is the remaining variation after removing the special causes (non-normal causes) due to one or more of the 5Ms and an “E” causes (Manpower, Material, Method, Measurement, Machine, and Environment), also known as 6Ms (Manpower, Mother nature, Materials, Method, Measurements or Machine).

And some special cause of variation in this instance includes:

Phenomena that are active within the system

Variation within a historical experience base which is not regular

Lack of significance in individual high and low values

Human error

3 0
3 years ago
Which of the following are included in this year’s GDP? Explain your answer in each case.
cupoosta [38]

Answer:

a. The services of a commercial painter in painting the family home.

No, Not Included , As no monetary/payment transaction is involved for service provided.

b. An auto dealer’s sale of a new car to a non-business customer.

Included , As the sale of car has happened to the final consumer

c. The money received by Smith when she sells her biology textbook to a used-book buyer.

Not included , as nothing new is produced in the economy

d. The publication and sale of a new economics textbook.

Included , As new books are produced in the economy

e. A $2 billion increase in business inventories.  

Included, as this new inventory is produced during this year.

f. Government purchases of newly produced aircraft.

Included , As it's production took place this year and government is final consumer.

8 0
4 years ago
Which type of product advertisement can be used to sell a companys product when two or more other companies are selling the same
Roman55 [17]
B) competitive marketing
This is because you have other competitors so now you have to do competitive marketing which involves tactics and strategy.
6 0
3 years ago
Read 2 more answers
Brooks Sisters' operating income (EBIT) is $168 million. The company's tax rate is 40.0%, and its operating cash flow is $142.1
Lena [83]

Answer:

The company's net cash flow is $64.7 million

Explanation:

Brooks Sisters' operating income (EBIT) is $168 million and the company's interest expense is $17 million.

Taxable income = $168 - $17 = $151 million

The company's tax rate is 40.0%, and its operating cash flow is $142.1 million:

Tax = $151 x 40% = $60.4 million

The company's net cash flow =  Operating cash flow - The company's tax - the company's interest expense = $142.1 - $60.4 - $17 = $64.7 million

7 0
3 years ago
Dividends Paid and Dividends in Arrears The Glendora Company has 200,000 shares of cumulative, five percent, $100 par value pref
Ierofanga [76]

Answer:

Dividend in arrears $ 1,000,000

Total Dividend       $ 2,000,000  

Explanation:

The dividend at 5% of $100 par value is $5 per unit of shares. Recall, each unit of the preference shares has a par value of $100

Dividend calculation = $5 multiplied by the total unit of shares

previous year shares dividend is 5 x 200, 000 unit of shares = $ 1,000,000

This year total dividend payout will be current year of $1,000,000 plus previous year of $1,000,000 = $2,000,000

7 0
3 years ago
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