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3 years ago

15

You need to have $33,250 in 11 years. You can earn an annual interest rate of 4 percent for the first 6 years, and 4.6 percent f

or the next 5 years. How much do you have to deposit today

1 answer:

Shkiper50 [21]3 years ago

5 0

Answer:

$11,667.91

Explanation:

Let the amount of deposit which needs to be made today is A. We have:

A x 1.04^6 + (A x 1.04^6 x 1.046^5) = 33250

A = $11,667.91

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(Last Word) "The government deregulated the electricity industry in California and a shortage of electricity soon occurred. It i

denis23 [38]

Answer:

The answer is: A) post hoc, ergo propter hoc fallacy.

Explanation:

Post hoc ergo propter hoc is a Latin phrase that means: "after this, therefore because of this". This phrase is a type of informal fallacy (an argument whose stated premises fail to support their proposed conclusion).

It states that if something happened (e.g. I fell and broke my nose) after something else (e.g. I was using my cellphone), the resulting event was caused by the previous event (e.g. I fell and broke my nose because I was using my cellphone).

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3 years ago

After the amount due on a sale of $30,400, terms 2/10, n/eom, is received from a customer within the discount period, the seller

Elenna [48]

Answer:

a. The amount refund owed to the customer is : $29,792

b. To record the refund and the return of merchandise:

Dr Sales returned and Allowances $30,400

Cr Sales Discounts $608

Cr Cash $29,792

(to record the refund of $30,400 sales with sales discount of $608 made)

Dr Merchandise Inventory $13,060

Cr Cost of Merchandise sold $13,060

(to record the impact of the $30,400 sales refund on cost of merchandise sold and merchandise inventory)

Explanation:

- Further explanation for sell discounts calculation:

As the terms is 2/10, total discount had been given as calculated below:

$30,400 x 2% = $608.

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4 years ago

Savion is restoring a car and has already spent $4,000 on the restoration. He expects to be able to sell the car for $5800. Savi

aniked [119]

Based on the amount that Savion would have to spend additionally, he should sell the car now because he would make more profit.

<h3>Why should Savion sell the car now?</h3><h3 />

If Savio makes additional work on the car, the profit would be:

= 5,800 - 2,400

= $3,400

This is as opposed to the $3,800 he could make from selling the car at $3,800 so the best thing to do is to sell the car.

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2 years ago

Ford Motors developed the Explorer sports utility vehicle, the number 1 selling sports utility vehicle in the United States, bas

Tems11 [23]

Answer:

B. Marketing and sales

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Based on the information provided within the question it can be said that the studies conducted were part of the marketing and sales value chain activity. This is the department within a company that focuses on analysis of customer wants/preferences and needs, in order to hopefully increase sales with the information gathered.

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3 years ago

Champs Sports Bar, State College, PA, has decided to perform a total cost analysis on its vodka supplier in order to cut costs.

lara [203]

Answer:

Champs Sports Bar will incur equal total costs if Pancho can hold annual shipping price per crate at $6

Explanation:

Current consumption = 6000 per year

Byron's Charge

Cost of 1 bottle = $9.25

1 crate contains 500 bottles

6000 bottles would be contained in 12 crates (6000 ÷ 500 = 12)

Cost of 1 crate = $9.25 × 500 = $4625

Shipping price per crate = $5

Cost of 1 crate + shipping price per crate = $4625 + $5 = $4630

Total cost to ship 12 crates (6000 bottles) = 12 × $4630 = $55560

Pancho's charge

Cost of 1 bottle = $9.20

I crate contains 100 bottles

6000 bottles would be contained in 60 crates (6000 ÷ 100 = 60)

Cost of 1 crate = $9.20 × 100 = $920

Let the shipping price per crate be y

Cost of 1 crate + shipping price per crate = ($920 + y)

Total cost to ship 60 crates = 60($920 + y)

To solve for y, equate the two total costs

60($920 + y) = $55560

Divide both sides by 60

$920 + y = $926

y = $926 - $920 = $6

Champs Sports Bar will incur equal total costs if Pancho can hold annual shipping price per crate at $6.

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3 years ago