There will be $2712 in Harry's account after 21 years.
Explanation:
The initial amount put into the investment account was $1200. This account has an interest rate of 6% every year. This means that for every year that money is kept in this account, the bank must pay them 6%. To do this we must calculate how much 6% of $1200 is
6% of $1000 is 0.06 * $1000 =$72.
So for every year, the interest of $72 is added into the account. To calculate total interest we multiply this interest amount and the number of years.
So after 21 years= $72 * 21 years = $1512.
So interest gained in 21 years is $1512 but this is only the interest amount. We must add the initial amount with this to find the total amount available in the account.
Total amount present= Inital amount + Amount due to interest= $1200 + $1512= $2712.
Answer:
B) 12 + 2N
Explanation:
The company requires 1 assembly line worker for every 25 units it produces per hour, so it will require 2 assembly line workers for every 50 units. The number of managers is fixed = 12.
therefore the total number of workers = 12 (fixed managers) + 2N (assembly line workers for each for every 50 units) = 12 + 2N
Answer:
Yes, they have created an ERISA plan
Explanation:
For proper understanding, is important to know the meaning of ERISA plan
ERISA stands for Employee Retirement Income Security Act. ERISA is a federal law enacted in 1974 that sets minimum standards for most voluntarily established retirement and health plans in private industry to provide protection for individual employee in these plans. Since the types of cancer insurance and dread disease policies will be offered through the employer and the employer will be compensated. It's categorized as an ERISA plan and follows ERISA Regulations
The business incurred an expense and paid it immediately. To record this an expense is debited and an asset is credited. To keep the account ledger correct, you must debit the expense and take it out of that account. Then the asset is credited because the asset is now on hand.
Hello!
<h3><em><u>Answer:</u></em></h3>
I believe the correct answer is: The key principle to success in business is
<h3><u><em>Explanation: </em></u></h3>
Having a business plan can really help you expand your business and give it direction. You can also identify your weaknesses and strengths by preparing and planning, and be prepared for any future obstacles in your path.