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2 years ago

How much interest is earned in just the third year on a $1,000 deposit that earns 7% interest compounded annually?

Business

1 answer:

Sav [38]2 years ago

4 0

Answer:

Interest earn= $80.14

Explanation:

Giving the following information:

PV= $1,000

i= 7%

n= 3

First, we will calculate the future value at the second year:

FV= PV*(1+i)^n

FV= 1,000*(1.07^2)

FV= 1,144.9

Now, for the third year:

FV= 1,144.9*1.07= 1,225.04

Interest earn= 1,225.04 - 1,144.9= $80.14

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Angelina_Jolie [31]

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2 years ago

Antoine transfers property with a tax basis of $535 and a fair market value of $652 to a corporation in exchange for stock with

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Answer: $438

Explanation:

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= $535 - $97

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2 years ago

The manager's primary concern is to ensure that his subordinates complete the work accordingly and their performance is at a hig

Monica [59]

Answer:

The correct answer is letter "A": task.

Explanation:

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3 years ago

1. Describe several operational and behavioral benefits that are generally attributed to a participative budgetary process. 2. I

morpeh [17]

Answer:

Explanation:

1. Some of the operational and behavioral benefits that are generally attributed to a participatory budgeting process are as follows:

a) Utilization of the best knowledge of activities in a specific area, because the participants are close to daily operations.

b) Goals that are more realistic and acceptable.

c) Improved communication and group cohesiveness.

d) A sense of commitment and willingness to be held accountable for the budget.

2. Four deficiencies in Patricia Eklund’s participatory policy for planning and performance evaluation, along with recommendations of how the deficiencies can be corrected:

Deficiencies Recommendations The setting of constraints on fixed expenditures includes uncontrollable fixed costs, thereby mitigating the positive effects of participatory budgeting. Rewards should be based on meeting budget and/or organizational goals or objectives. The arbitrary revision of approved budgets defeats the participatory process. The contingency budget should be separate, over and above each department’s srcinal submission. The division manager holds back a percentage of each budget for discretionary use. Managers should be involved in the revision of budgets. Managers could submit a budget with programs at different levels of funding. Evaluation based on budget performance must be accompanied with intrinsic rewards. Divisional constraints could be at a budget "kick-off meeting;however individual limit of controllable expenses should be set by each manager

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3 years ago

A hamburger factory produces 60,000 hamburgers each week. The equipment used costs $10,000 and will remain productive for four y

Liono4ka [1.6K]

Answer:

A. 195 hamburgers

B. Yes

Explanation:

The computation is shown below:

A. Productivity measure = (Annual output) ÷ (Annual labor cost + annual equipment cost)

where,

Annual output = 60,000 × 52 weeks = $3,120,000

Annual labor cost = $13,500

Annual equipment cost

= $10,000 ÷ 4

= $2,500

So, the productivity measure is

= ($3,120,000) ÷ ($13,500 + $2,500)

= 195 hamburgers

B. Productivity measure = (Annual output) ÷ (Annual labor cost + annual equipment cost)

where,

Annual output = 60,000 × 52 weeks = $3,120,000

Annual labor cost = $11,000

Annual equipment cost

= $13,000 ÷ 5

= $2,600

So, the productivity measure is

= ($3,120,000) ÷ ($11,000 + $2,600)

= 229 hamburgers

Since the productivity is increased from 195 hamburgers to 229 hamburgers so the equipment should be purchased.

7 0

2 years ago