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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.
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Which graph shows the relationship between the aggregate price level and the aggregate quantity supplied over time?
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The answer is A: Long-run aggregate supply curve.
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Heath's company is currently producing 50 units of output. the price of the good is $5 per unit. total fixed costs are $30 and t
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Given that <span>Heath's company is currently producing 50 units of output. the price of the good is $5 per unit. total fixed costs are $30 and the average variable cost is $8 at 50 units. this company: </span><span>is experiencing an economic profit of $40.</span>
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4 years ago
Suppose you have just​ retired, have accumulated many luxury goods over the​ years, still owe a mortgage on your​ home, still ha
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Answer:

review your progress, reevaluate, and revise your plan

Explanation:

Based on the information provided within the question it can be said that in this scenario the step that you have completely neglected is to review your progress, reevaluate, and revise your plan. That is because in this scenario many events have occurred, and it seems that your financial plan after retirement has not been adjusted with each and every one of these life events. Therefore it is outdated and most likely not providing the benefits it once did.

3 0
3 years ago
A company has Net Income of $10, which included $2 of depreciation expense. There were no other noncash expenses in Net Income a
alexandr402 [8]

Answer:

2

Explanation:

The company's cash flow from operating activities can be calculated as follows:

                                                                                                $

Net Income                                                                            10

Add:depreciation expense                                                    2

Less:changes in accounts receivable                                  (5)

(20-25)

Less:changes in accounts payable                                      (10)

(5-15)

Add:changes in inventory                                                     5

(12-7)

Cash flow from operating activities                                       2        

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3 years ago
Which of the following statements is CORRECT? Question 9 options: The AFN equation for forecasting funds requirements requires o
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AFN has negative and positive sides. The correct statement is A negative AFN indicates that retained earnings and spontaneous liabilities are far more than sufficient to finance the additional assets needed.

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When the AFN value is negative, it means the action or project that is underwork will bring about extra income for the company, which can be invested in another place.

Additional funds needed (AFN) is known as financial term used when a business intends to widen its operations.

Learn more About AFN from

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3 0
2 years ago
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