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Naddika [18.5K]
3 years ago
5

Your aunt is planning to invest in a bank CD that will pay 5.0 percent interest semiannually. If she has $6,000 to invest, how m

uch will she have at the end of four years
Business
1 answer:
Tom [10]3 years ago
8 0

Answer:

amount would get = $7310.41

Explanation:

given data

pay interest = 5 % = 0.05

invest = $6000

to find out

how much will she have at end of four years

solution

we get here Interest is compounded semi annually  

Interest = \frac{0.05}{2}

Interest 0.025 = 2.5 %

so here we have 4 year so here 8 semi annual period

amount would get = invest ×  (1+rate)^{time}

amount would get = $6,000 ×  (1+0.025)^{8}

amount would get = $7310.41

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A firm that is facing both strong cost pressures and strong pressures for local responsiveness should follow _____ strategy. Mul
dangina [55]

Answer:

a global standardization.

Explanation:

Global standardization can be defined as the ability of an organization to use standard marketing techniques across the world with respect to the cultural factors.

Also, local responsiveness can be defined as the degree of requirements and conditions to which a manufacturing firm should significantly adjust their products and methods of production in a particular country to.

A firm that is facing both strong cost pressures and strong pressures for local responsiveness should follow a global standardization strategy.

Hence, when a firm follows the global standardization strategy, the quality of its goods and services is able to meet the needs of customers (people) all over the world because of the streamlining of its production processes, products design, and simplified supply chain management.

5 0
2 years ago
Pr 12-2b bond discount, entries for bonds payable transactions
BARSIC [14]
<span>1. journalize the entry to record the amount of cash proceeds from the issuance of the bonds on july 1, 2016.

Cash                                                     42,309,236
Discount on bonds payable             3,690,764
                           Bonds payable                                           46,000,000

</span><span>2. journalize the entries to record the following: 
a. the first semiannual interest payment on december 31, 2016, and the amortization of the bond discount, using the straight-line method. (round to the nearest dollar. 

Interest Expense                2,327,007.98
                      Discount on Bonds Payable              92,269.10
                      Cash                                                    2,234,738.88

b. the interest payment on june 30, 2017, and the amortization of the bond discount, using the straight-line method. (round to the nearest dollar. 

</span>nterest Expense                2,327,007.98
                      Discount on Bonds Payable              92,269.10
<span>                      Cash                                                    2,234,738.88
</span><span>
3. </span><span>determine the total interest expense for 2016. 
</span>42,309,236 x 11% = 4,654,015.96 annual interest expense
4,654,015.96 x 6/12 = 2,327,007.98 semi annual expense
4 0
2 years ago
Shipp, inc. manufactures a product requiring two pounds of direct material. during 2016, shipp purchases 24,000 pounds of materi
guajiro [1.7K]

Answer: $8

Explanation:

Required amount of Raw material for each unit of the product = 2 pounds

Therefore, for 12,000 units of product,

raw material required equals :

12,000 × 2 = 24,000 pounds

Standard price per pound equals $4

Therefore, Standard cost of 24,000 pounds of material equals :

24,000 × $4 = $96,000

Cost per unit equals :

(Total cost ÷ Number of Units)

$96,000 ÷ 12,000 = $8

Therefore, the standard direct material cost per unit of finished product is $8

3 0
2 years ago
A __________________________ policy will cause a greater share of income to be collected from those with high incomes than from
ira [324]

Answer:

The correct answer is a progressive tax policy.

Explanation:

A progressive tax policy means higher tax rates for people with higher incomes. Tax rates are based on the tax payers' ability to pay. Lower taxes are charged from people with lower incomes. It is helpful in income redistribution.

People with lower income share a higher portion of their income on basic necessities as compared to people with higher income levels.

6 0
3 years ago
What is the complete count of a population, including place of residence?
Alex_Xolod [135]

Answer:

Census

Explanation:

A <u><em>census </em></u>is stablished to know exactly or with a minor level of error what is the total count of population and where do they live in any given city or country.

8 0
3 years ago
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