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rjkz [21]
3 years ago
10

Since your first birthday, your grandparents have been depositing $1,000 into a savings account on every one of your birthdays.

The account pays 4% interest annually. Immediately after your grandparents make the deposit on your 18th birthday, the amount of money in your savings account will be closest to:
Business
1 answer:
irina1246 [14]3 years ago
4 0

Answer:

$25,650

Explanation:

The formula for calculating the future value of an annuity is:

F = P x ([1 + I]^N - 1 ) / I

where:

  • P = payment amount = $1,000
  • I = interest rate = 4%
  • N = number of payments = 18

F = $1,000 x ([1 + 4%]^18 - 1 ) / 4% = $1,000 x (1.04^18 - 1 ) / 4% = $1,000 x (2.026 - 1 ) / 4% =  $1,000 x 1.026 / 4% = $25,650

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Which type of financial statement should you look at if you want to see a company's profits and losses over a specific period of
yKpoI14uk [10]

Answer:

A.Income statement

Explanation:

The income statement of a institution or business that shows the expenses, costs and the incomes during a certain period of time, it is often done quarterly or annually in order to present the tax declaration, it is also known as "profits and loss statement" because it shows exactly if the business had profits or lost money during that period of time.

8 0
3 years ago
According to Thomas Baekdal, which of the following is a critical factor for the success of a viral marketing campaign? restrict
AlekseyPX

The critical Factor for the success of viral marketing campaign is making sequels

Answer: Correct option is (B)

<u>Explanation:</u>

Viral marketing is conducted through internet.Under this simply the consumers are asked to share the information regarding a company's products through the medium called internet.In this way a product is very easily marketed without much efforts.It is very easy to conduct a viral marketing campaign .Simply we have to  create a video related to the product and it is further shared.

There are many factors which play an important role in the success of viral marketing campaign.But making sequels is the critical factor which contributes a lot in the success of this campaign.

Viral marketing gives energy to our campaign.It attracts the attention very easily.It's impact is tremendous.If our campaign has influenced and gained the attention of people than it would be beneficial to repeat that campaign with additions.This can be done by making sequels ,Like making movies similar to the previous one or giving behind the scene looks of a particular movie  or campaign that has gained the attention.

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4 0
3 years ago
Read 2 more answers
4. Dairy Co. sells raw cream directly to the public. Maxwell gets sick after consuming some of Fairy Co.’s raw cream. Maxwell su
Len [333]

Answer:

Maxwell will win this case, as per division 2 of UCC, seller bears the cost for loss under implied warranty of fitness, if the goods do not meet the ordinary purpose or is inefficient.

Explanation:

Given in this case, Maxwell is applying "Universal Commercial Code (UCC)" division 2 provision, which defines all the goods and services.

A movable property, which can be sold from seller to the buyer at certain prices are called goods. Therefore, in this case, "Raw Cream" comes in the definition of goods, as it is directly sold to Maxwell by the grocery shop.

Maxwell will win this case, as per division 2 of UCC, seller bears the cost for loss under implied warranty of fitness, if the goods do not meet the ordinary purpose or is inefficient.

5 0
4 years ago
Susie Smith signed a note agreeing to pay "Annie Greene, Mary Hodge" $1,000. The payment was for painting her house. An issue wi
kogti [31]

Incomplete question. The options read;

  • Mary is correct, but only because Annie signed the note "Green" instead of "Greene" as indicated on the note.
  • Mary is correct.
  • Mary is incorrect.
  • Mary is correct, but only because two payees are listed.
  • Mary is incorrect unless she can prove that Susie intentionally and purposefully spelled the name wrong to prevent negotiation.

Answer:

  • <u>Mary is incorrect.</u>

Explanation:

Indeed, since this just a case of name misspelling, the law in no clear terms states that such an endorsement would be counted as been illegal.

Remember, Mary acknowledges that the amount paid by Susie Smith was meant for both of them (Annie Green and Mary Hodge), hence there should be no question of illegality since funds were meant to be shared. In other words, this minor error can be overlooked.

3 0
3 years ago
Ruby wants to start her own business taking photographs. She already has her own camera, but needs to purchase lights, a photo p
s2008m [1.1K]

Answer:

a. $432.97

Explanation:

Data provided in the question

Cost of the photo printer = $251.99

Cost of lighting = $150

Cost for 100 sheets of photo paper = $30.98

So, the saving amount should be

= Cost of the photo printer + cost of lighting + cost for 100 sheets of photo paper

= $251.99 + $150 + $30.98

= $432.97

We simply added the above three items that are mentioned in the question

5 0
4 years ago
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