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LekaFEV [45]
3 years ago
10

Suppose you are committed to owning a $185,000 ferrari. if you believe your mutual fund can achieve an annual return of 10.5 per

cent, and you want to buy the car in 10 years on the day you turn 30, how much must you invest today? (do not round intermediate calculations and round your answer to 2 decimal places,
e.g., 32.16.) amount to be invested
Business
1 answer:
Tresset [83]3 years ago
5 0

Answer:  I must invest <u>$68,163.04</u> today to buy a Ferrari 10 years from now.

We can interpret the data in the question as follows.

We need $185000 after 10 years, so this is the Future Value of an investment made today. We have to calculate the amount to be invested.

We need to use the Present Value formula in order to find the amount to be invested.

The formula is :

\mathbf{PV = \frac{FV}{(1+r)^{n}}}

Substituting the values we get,

\mathbf{PV = \frac{185000}{(1+0.105)^{10}}}

\mathbf{PV = \frac{185000}{2.714080847}}

\mathbf{PV = 68163.03952}

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Workers at a company were assigned to one of two conditions: one group completed a stress management-training program; another g
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answer:

Independent Variable: Group that completed the stress management training vs. Group that had no training)

Dependent Variable: Number of sick days

Explanation:

The dependent variables also called Predicated variable is a type of variable that depends on the independent variable which happens as a result of the circumstances surrounding the  independent during an experimental investigations. it also predicts the  outcome resulting from altering the controlled variable. for example in the question, the dependent variable is Number of sick days

The independent variable is the variable the which can be  changed or controlled during an experimental investigation which dependent variable relies on directly. for example from the question, the independent variable is the Group- (Group that completed the stress management training vs. Group that had no training)

8 0
3 years ago
Suppose a firm has evaluated four capital budgeting projects and, using one of the time value of money-capital budgeting techniq
Dima020 [189]

Answer:

The answer is: the following three should be used.

  • net present value (NPV)
  • traditional payback period (PB)  
  • the modified internal rate of return (MIRR)

Explanation:

First of all, the NPV of the four projects must be positive. Only NPV positive projects should be financed. If the NPV is negative, the project should be tossed away. This is like a golden rule in investment.

Now comes the "if" part. What does the company value more, a short payback period or a higher rate of return.

If the company values more a shorter payback period (usually high tech companies do this due to obsolescence), then they should choose the project with the shortest payback period.

If the company isn't that concerned about payback periods, then it should choose to finance the project with the highest modified rate of return. This means that the most profitable project should be financed.

6 0
3 years ago
Samson, Inc. reported the following information for the​ year: Service Revenue $ 50 comma 000 Operating Expenses 21 comma 500 Ne
hjlf

Answer:

$21.50

Explanation:

The net income is difference between the revenue and the operating expense incurred by the entity.

The unit cost per service is obtained by dividing the operating cost by the number of services provided.

Given that;

Operating expense = $21,500

Number of services provided = 10,000

The unit cost per​ service

= $21,500/10,000

= $21.50 (to the nearest cent)

6 0
3 years ago
Rate the following bank accounts from most to least liquid: CD, savings account, checking account, money market account. Also ex
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D) They are ranked by how quickly we can access the cash.

7 0
3 years ago
Read 2 more answers
An rn is a supervisor in an organization that has total quality management (tqm) as the backbone of its organizational goals and
miss Akunina [59]
The supervisor can create unit teams. These teams are different from assigning nurses to different rooms or patients. As teams they work together to ensure the patient's care is monitored, documented and on time.

On a unit floodgates three elements are important. Some examples are; (1) monitoring vital signs at the correct intervals, (2) properly documenting all treatments and recording vital signs, and (3) medications are given autocorrect times and documented.

All of these elements include aspects of TQM. The medical record has to correctly reflect the patient's care. Errors can be very subtle. If you aren't paying attention, you could put outnumber in it that incorrect. If you are interrupted, there is a possibility of incorrect documentation.

Timely bringing to attention abnormalities to the supervisor or doctor, can be crucial.

I he this is sufficient. It's about "doing the right things right, all the time, every time."
3 0
3 years ago
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