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8090 [49]
3 years ago
7

You are planning to make monthly deposits of $300 into a retirement account that pays 8 percent interest compounded monthly. If

your first deposit will be made one month from now, how large will your retirement account be in 25 years?

Business
1 answer:
iVinArrow [24]3 years ago
5 0

Answer:

The correct answer is $285.308.1

Explanation:

According to the scenario, computation of the given data are as follows:

Monthly payment (Pmt) = $300

Interest rate = 8%

Interest rate (monthly)  (rate) = 8% ÷ 12 = 0.666667%

Time period = 25 years

Time period (monthly) (Nper) = 25 × 12 = 300

So, we can calculate the Future value by using Financial calculator.

The attachment is attached below:

Future value = $285,308.1

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One reason some manufacturing companies began moving production to China in the early 2000s was due to lower wages that could be
harina [27]

Answer:

Comparative advantage

Explanation:

This concept of economics is comparative advantage that means one country has advantage of producing same product at lower cost than other. In this question China has comparative advantage over USA,

This may be due to different reasons.

1. Population of China is greater than USA, that is why employees are willing to work on low salaries in China as compared to salaries are offered in the US.

2. China is comparatively better in manufacturing industry as of with USA.

8 0
3 years ago
On November 30, Year 1, Parlor, Inc. purchased for cash at $15 per share all 250,000 shares of the outstanding common stock of S
zepelin [54]

Answer:

$275,000

Explanation:

Goodwill in business combination arises when the price paid in acquiring a business exceeds the fair value of the acquired business net assets . The fair value is used rather than the carrying amount to ensure fairness and an unbiased result

<u>Workings</u>

Purchase consideration = 250,000*15 =3,750,000

Percentage acquired = 100%

Fair value of net asset = 3,000,000+400,000+75,000= 3,475,000

Goodwill = 3,750,000=3,475,000 =275,000

6 0
3 years ago
Is the loss in efficiency due to market power large or​ small? explain. the loss in efficiency due to market power is?
saul85 [17]

Answer:

Small

Explanation:

Competition limits the market power, even when the market is not perfectly comparative.

Market power refers to a company's relative ability to manipulate the price of an item in the marketplace by manipulating the level of supply demand or both.

A company with substantial market power has the ability to manipulate the market price and thereby control its profit margin, and possibly the ability to increase obstacle to potential new entrants into the market.

5 0
3 years ago
____ is a method for overcoming resistance to organization change. a. Automation b. Centralization c. Management by exception d.
DedPeter [7]

Based on the information given, it can be deduced that the method of overcoming resistance that's illustrated is known as D. Force-field analysis.

Force-field analysis simply means the framework of looking at the factors that resulted in a particular situation. It's vital in knowing the root cause of an issue.

It should be noted that force-field analysis can either drive the movement towards a goal or block the goal. It's a method for overcoming resistance to organizational change.

Learn more about an organization on:

brainly.com/question/24398796

6 0
2 years ago
50k in 2018 what is it?
soldi70 [24.7K]

Answer:

It means that 50,000 dollars was made in 2018

Explanation:

5 0
3 years ago
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