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Aloiza [94]
3 years ago
6

What annual interest rate will cause your mon t to double in four years?

Business
1 answer:
DanielleElmas [232]3 years ago
4 0

18%

The "Rule of 72" tells you how long it takes your money to double. Divide 72 by the interest rate to find the number of years. In this case the interest rate is "x"

72/x= 4 years

x=18

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What constant-growth rate in dividends is expected for a stock valued at $32.40 if next year's dividend is forecast at $2.20 and
Fittoniya [83]

Answer: 6.81%

Explanation:

To calculate the growth rate, we'll use the formula:

Price = Expected Dividend / Discount - Growth rate

32.40 = 2.20 / 13.60% - Growth rate

13.6% - Growth rate = 2.20/32.40

Growth rate = 13.60% - 6.79%

Growth rate = 6.81%

6 0
3 years ago
Vital Industries manufactured​ 2,400 units of its product Huge in the month of April. It incurred a total cost of​ $132,000 duri
Lera25 [3.4K]

Answer:

$55 per unit

Explanation:

The computation of the  total cost per unit of the​ product is shown below:

= Total cost incurred ÷ number of units manufactured

= $132,000 ÷ 2,400 units

= $55 per unit

BY dividing the total cost incurred with the number of units manufactured we can get the total cost per unit

All other information i.e shown is not relevant. Hence, ignored it

8 0
3 years ago
The City issued $2 million in general obligation bonds to acquire a fleet of vehicles for the Central Motor Pool Internal Servic
nlexa [21]

Answer:

a) Bonds Payable.

Explanation:

Since there is an issue of bonds as against cash, which need to be paid back in future, amount received will be credited to bonds payable.

Further the purpose of bonds will always be to acquire a capital asset as bonds are issued for long term finance generally, therefore, the bonds will be credited as bonds payable, rather than capital contributions.

Though a general note in notes to account can be added clearly specifying the purpose of issue of bonds.

a) Bonds Payable.

6 0
3 years ago
A situation in which a buyer has limited supplierâ options, is procuring a criticalâ item, needs technologyâ innovation, or is c
Dmitry_Shevchenko [17]

Answer:

Collaborative relationship

Explanation:

Here, it requires at least 2 parties to consent to this and the aim is to allow mutual benefits between both parties where they both benefit from each other. Thus, with this, more resources can be pumped to get the appropriate supply that is technologically advanced and equipped to to be used to foster the business

7 0
4 years ago
Which statement is not true about the minimum wage?
mamaluj [8]

Answer:

Owners are not required to pay it to foreign workers.

Explanation:

Owners must pay it to any worker regardless of its nationality.

4 0
3 years ago
Read 2 more answers
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