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kumpel [21]
3 years ago
7

Isaac only has $1,090 today but needs $1,979 to buy a new computer. How long will he have to wait to buy the computer if he earn

s 5.4 percent compounded annually on his savings? Assume the price of the computer remains constant. 11.83 years

Business
2 answers:
o-na [289]3 years ago
7 0

Answer:

It will take 11 years and 124 days.

Explanation:

Giving the following information:

Isaac only has $1,090 today but needs $1,979 to buy a new computer. Interest rate= 5.4 percent compounded annually

To calculate the number of years, we need to use an alternative formula of the future value formula.:

FV= PV*(1+i)^n

Isolating n:

n=[ln(FV/PV)]/ln(1+r)

n= [ln(1,979/1,090)] / ln(1.054)

n= 11.34 years

<u>To be more accurate:</u>

0.34*365= 124

It will take 11 years and 124 days.

Sidana [21]3 years ago
7 0

Answer: Isaac will have to wait for 11.34 years for the money to grow to that amount

Explanation:

Please, kindly see the attached for more explanation

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Answer:

both are tied to nonverbal communication

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Explain why different communication methods are used in the business environment?​
Verizon [17]

Answer:

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Explanation:

4 0
3 years ago
Beck Inc. and Bryant Inc. have the following operating data:__________.
DiKsa [7]

Answer:

a. Beck Inc. = 5.00  and Bryant Inc. = 2.50

b. Beck Inc. =  $100,000 and 100%  : Bryant Inc. =  $150,000 and 50 %

c. True.

Explanation:

Degree of Operating Leverage shows,  the times Earnings Before Interest and Tax (EBIT) would change as a result of a change in Sales contribution.

Degree of Operating Leverage = Contribution ÷ EBIT

Thus,

Beck Inc = $500,000 ÷ $100,000

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Bryant Inc. = $750,000 ÷ $300,000

                 = 2.50

<em>If Sales increased by 20% the effects on Incomes would be :</em>

Beck Inc = 20% × 5.00

              = 100%

              = $100,000 × 100%

              = $100,000

Bryant Inc.=  20% × 2.50

              =  50 %

              =  $300,000 × 50 %

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7 0
3 years ago
- identify changes and trends as a source of new enterprise ideas
Elena-2011 [213]

Changes and trends are sources of new enterprise ideas. An example can be found in the advent of technology. The advent of internet-enabled devices has led to the growth of internet service providers. The use of headphones, Bluetooth devices, and other accessories has been borne because of new technologies that were not available some fifty years ago.

Changes in trends can lead to the birth of new businesses. Changes in weather condition that pose the risk of skin damage has led to the popularization of sunblocks.

Internet-enabled devices have also led to the introduction of enterprises that deal with gadgets accesories.

These examples show that changes and trends are sources of new enterprise ideas.

Learn more about entrepreneurship here:

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7 0
3 years ago
Old Camp Company manufactures awnings for its own line of tents. The company is currently operating at capacity and has received
Helen [10]

Answer:

It is more convenient to continue the production in house.

Explanation:

Giving the following information:

The company is currently operating at capacity and has received an offer from one of its suppliers to make the 12,000 awnings it needs for $25 each. Old Camp’s costs to make the awning are $12 in direct materials and $7 in direct labor. Variable manufacturing overhead is 70 percent of direct labor. If Old Camp accepts the offer, $42,000 of fixed manufacturing overhead currently being charged to the awnings will have to be absorbed by other product lines.

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It is more convenient to continue the production in house.

3 0
3 years ago
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