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
Ann [662]
3 years ago
8

Rick is looking to put some money in a savings account with a 3.8% interest rate. he currently has $4,780 saved, and he is tryin

g to save $5,800. what else does rick need to know in order to determine which savings account to choose?
Business
1 answer:
Brilliant_brown [7]3 years ago
5 0
Interest rate is only sufficient if the time component is known, this means that for us to know the value of any particular amount, we need to know the time at which the rate of interest is applicable. In our case Rick has been given interest rate of 3.8% on a savings account, this will be of little help to him until he has been informed about the time line of the interest rate which help him calculate the time value of money.  The remaining information that Rick should ask is the interest rate applicable on quarterly basis, semi-annual or annual basis.
You might be interested in
Kingsbury Manufacturing has net sales revenue of $850,000, cost of goods sold of $344,600, and all other expenses of $328,300. T
gladu [14]

Answer:

56.46%

Explanation:

The computation of the gross profit percentage is shown below

Gross profit percentage is

= (Sales - cost of goods sold) ÷ (Sales) × 100

where,

Sales is $850,000

And, the cost of goods sold is $344,600

Now placing these values to the above formula

So, the gross profit percentage is

= ($850,000 - $344,600) ÷ ($850,000) × 100

= $505,400  ÷ $850,000 × 100

= 56.46%

8 0
3 years ago
Your phone service provider offers a plan that is classified as a mixed cost. The cost per month is $50 flat rate for the first
kondor19780726 [428]

Answer:

D

Explanation:

The first 1000 minutes cost per month $50 and if you use 1200, minimum you will be charged with $50. To find the cost of the 200 reamining minutes, you multiply 200 times $0,35, which is the cost of one minute when you exceed 1000 minutes. Then you have:

$50⇒ for 1000 minutes

$70⇒ for 200 minutes

Total

$120⇒ for 1200 minutes

5 0
3 years ago
You want to learn more about how to align individual employee's goals with the overall organization's goals. which HRM function
pav-90 [236]

Answer:

The HRM (Human Resources Management) function that covers concerns about how to align individual employee's goals with the overall organization's goals is:

Performance management.

Explanation:

In Human Resource Management (HRM), there are various functions dealing with Human resource planning, Recruitment and selection, Performance management, Learning and development, Career planning. The performance management unit ensures that individual employee's goals are aligned with the overall goals of the organization in order to achieve organizational success.  The performance management function helps HR managers to establish, agree, and marry the goals of employees with organizational performance expectations.

5 0
3 years ago
Navel County Choppers, Inc., is experiencing rapid growth. The company expects dividends to grow at 23 percent per year for the
Nina [5.8K]

Answer:

P0 = $77.397794 rounded off to $77.40

Explanation:

The two stage growth model of DDM will be used to calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D0 * (1+g1) / (1+r)  +  D0 * (1+g1)^2 / (1+r)^2  +  ...  +  D0 * (1+g1)^n / (1+r)^n  + [(D0 * (1+g1)^n  *  (1+g2) /  (r - g2))  /  (1+r)^n]

Where,

  • g1 is the initial growth rate
  • g2 is the constant growth rate
  • D0 is the dividend paid today or most recently
  • r is the required rate of return

P0 = 1.89 * (1+0.23) / (1+0.15)  +  1.89 * (1+0.23)^2 / (1+0.15)^2  +  

1.89 * (1+0.23)^3 / (1+0.15)^3  +   1.89 * (1+0.23)^4 / (1+0.15)^4  +  

1.89 * (1+0.23)^5 / (1+0.15)^5  +  1.89 * (1+0.23)^6 / (1+0.15)^6  +  

1.89 * (1+0.23)^7 / (1+0.15)^7  +  1.89 * (1+0.23)^8 / (1+0.15)^8  +  

1.89 * (1+0.23)^9 / (1+0.15)^9  +  1.89 * (1+0.23)^10 / (1+0.15)^10  +  

[(1.89 * (1+0.23)^10  *  (1+0.07)  / (0.15- 0.07))  /  (1+0.15)^10]

P0 = $77.397794 rounded off to $77.40

8 0
4 years ago
To keep their strategic alliances thriving, corporations have begun to develop organizational structures to support them and hav
mel-nik [20]

Answer:

The correct answer is letter "D": partner relationship management.

Explanation:

Partner relationship management is the set of actions two or more companies handle among themselves to share information about a market and conduct their operations strategically without losing their independence. The purpose of the gathering is to collaborate with each other -not necessarily financially- moreover when one of those companies is facing hardship.

5 0
3 years ago
Other questions:
  • Your plan projects revenue of $5,000, $8,000, and $10,000 in years 1 through 3. Expenses are projected to be $9,000 for each of
    5·1 answer
  • A stock pays a constant annual dividend and sells for $31.11 a share. if the dividend yield of this stock is 9 percent, what is
    5·1 answer
  • When ur around 12 years old what time should ur bedtime be
    15·2 answers
  • Sidewinder, Inc., has sales of $634,000, costs of $328,000, depreciation expense of $73,000, interest expense of $38,000, and a
    5·1 answer
  • On which of the following levels are databases not used?
    6·1 answer
  • At the beginning of 2018, Rex Co. showed a debit balance in the cash account of $20,500. Total debits to this account during the
    10·1 answer
  • On November 1, 2017, Austin Services issued $305,000 of five-year bonds with a stated rate of 12%. The bonds were issued at par,
    13·1 answer
  • On December 30, 2014, Yang Corporation granted compensatory stock options for 5,000 shares of its $1 par value common stock to c
    11·1 answer
  • When gathering information, which of the following tasks might you need to
    8·1 answer
  • What are the two ways that entrepreneurs assess the likely product demand for the proposed product or service they are analyzing
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!