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4 years ago

According to the rule of 70 if the interest rate is 5 percent how long will it take for the alue ofa savings account to double

Business

1 answer:

Helen [10]4 years ago

8 0

The correct answer is that is will take 14 years for the savings account to double in value.

The rule of 70 is the concept that an investment will double in value in the amount of time that you get when you divide 70 by the annual interest rate. In this case you divide 70 by 5, which equals 14. Therefore, according to the rule of 70, it will take 14 years for this money to double in value.

You might be interested in

Paula Reid is the manager at the Miami office of the U.S. Secret Service who set in motion a major prostitution scandal by repor

Elan Coil [88]

Answer:

The answer is: She used the justice approach, realizing that the greater good is served because people learn to help each other in their own interest.

Explanation:

Justice approach: an ethical decision is a decision that distributes benefits and costs (or punishments) among those involved in a fair, equitable, and impartial way.

Paula used this approach because she believed the agents had acted improperly and that they were harming the US Secret Service.

I consider any organization a team, so in order for it to work well its members must be respected both by their peers and by the other teams´ members. If you consider the various types of activities this specific agency carries out, other not so friendly "teams" (other secret services or even terrorists) could use this type of information to damage or compromise those activities. So the well being of all the country was being jeopardized by a group of bad agents.

7 0

4 years ago

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for C

yarga [219]

Answer:

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.

Consumer surplus = willingness to pay - price

The consumer surplus of the 10th scarf :

Willingness to pay for the 10th scarf - price of the scarf

Willingness to pay for the 10th scarf = $200 / 10 = $20

Consumer surplus = $20 - $12 = $8

I hope my answer helps you

5 0

3 years ago

Read 2 more answers

The continuing cycle of erratic demand causing forecasts to include safety stock which in turn magnify supplier forecasts and ca

balandron [24]

Answer:

The Bullwhip Effect

Explanation:

Bullwhip effect is a phenomenon that occurs in an organisation's channel of distribution due to swings or erratic demands for products by customers. This erratic nature of demands will usually lead to forecasting inefficiencies especially in meeting the demands through the supply chain.

A sudden increase in demand could lead to production planning problems because there might not be enough inventory of materials on ground to meet the demand. Also, a sudden decrease in demand can bring the challenge of excess inventory of materials which may not be needed for production for a while.

One of the measures taken to manage this erratic nature of demands is to ensure that whatever the forecasts for demands is, safety stock must be included to the forecast level of demand so as to ensure that production planning is adequate and the demands are met as well.

6 0

3 years ago

Choco Chocolata is a cookie company in Juarez, Mexico that produces and sells American-style chocolate chip cookies with extreme

lyudmila [28]

Answer:

(1) The total amount of product costs is $79,430.

(2) The total amount of period costs is $37,300.

Explanation:

Note: There are two requirements in this question as follows:

(1) What is the total amount of product costs?

(2) What is the total amount of period costs?

These two are answered as follows:

(1) What is the total amount of product costs?

Product cost can be described as the expenses that are incurred in order to produce a product. These types of expenses are charged to cost of goods sold and include direct materials, direct labor, factory overhead, and consumable production supplies.

Therefore, the total amount of product costs of Choco Chocolata can be calculated as follows:

Choco Chocolata

Computation of Total Product Costs

Details Amount ($)

Utilities for the bakery 2,100

Paper used in packaging product 180

Salaries and wages in the bakery 23,500

Cookie ingredients 43,500

Bakery labor fringe benefits 1,300

Bakery equipment maintenance 800

Depreciation of bakery plant and equipment 2,200

Uniforms for bakers 750

Insurance for the bakery 900

Boxes, bags, and cups used in the bakery 1,100

Overtime premiums 2,600

Idle Time 500

Total 79,430

Therefore, the total amount of product costs is $79,430.

(2) What is the total amount of period costs?

Period costs are costs that are related to passage of time but cannot not be charged to the cost of goods sold.

Therefore, the total amount of period costs of Choco Chocolata can be calculated as follows:

Choco Chocolata

Computation of Total Period Costs

Details Amount ($)

Administrative costs 2,300

Rent for administration offices 18,500

Advertising 3,500

Office Manager's salary 13,000

Total  37,300 

Therefore, the total amount of period costs is $37,300.

8 0

3 years ago

Interest rates rise faster in Scotland (GBP) than they do in the United States (USD). Which nation’s currency appreciates? Which

patriot [66]

There is very simple logic between demand and supply. When demand is high, price rises and currency appreciates in its value. On the other hand, price should decline if import rate is mare compared with export rates. As prices of U.S goods increases which ultimately goes to international market where producers have to pay domestic currencies. Americans will demands comparatively less expensive goods. So it will result in supplying more dollars to foreign exchange market.

Finally, increasing demand of pounds. Finally, U.S dollars appreciates and pound depreciates. Trade value is amount by which total import value deviates from export value. Due to changes in interest rates results in trade imbalance in U.S. There is not greater effect on Scotland as it is key player in transporting of energy products to rest of U.K.

6 0

3 years ago