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Yanka [14]
4 years ago
11

On January 1, 1980 Moses deposit $1850 into a savings account paying 5.6% interest compounded quarterly if he hasn’t made any ad

ditional deposits are with drawl since then and if the interest rate has stayed the same and what year did his balance hit 3700 according to the rule of 72
Business
2 answers:
Svetradugi [14.3K]4 years ago
5 0

Answer:

1992

Explanation:

Give a <3 ?

artcher [175]4 years ago
4 0

Answer: 12.86 years.

Explanation: Rule of 72 says that to know in how many years the amount can double can be done by using the interest rate. The rule of 72 says that 72 divided by the annual interest rate will give the number of years it will take to double the amount.

Rule of 72:

Rate of interest = 5.60%/4

Number of years to double the investment = 72 ÷ 1.4

Number of years to double the investment = 51.43/4 = 12.86 years

Therefore, it will take 12.86 years for the $1850 to get double to $3700.

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ConAgra Foods is a global manufacturer of processed and packaged foods with revenues of $11 billion annually. It recently acquir
mojhsa [17]

Answer:

wholly owned subsidiary

Explanation:

A wholly-owned subsidiary is a form of subsidiary arrangement, between two companies, whereby a company is completely owned or its whole stock is bought by another company often referred to as Parent Company after the arrangement or the agreement of the acquisition.

It is also characterized by having control over its resources and specific mission, also operates independently.

Hence, in this case, the right answer is a wholly owned subsidiary

6 0
3 years ago
A consumer's demand curve for a product is downsloping because:_________.a. total utility falls below marginal utility as more o
lesantik [10]

Answer:

c. marginal utility diminishes as more of a product is consumed.

Explanation:

The law of diminishing marginal utility states that when a person consumes more and more units, the marginal utility of extra units diminishes as additional units are obtained from the marginal utility.  

Moreover, the graph of this diminished marginal utility that results in the consumer demand curve for a product goes downward sloping.

7 0
3 years ago
All records make up a ??<br><br> a-File<br> b-Field <br> c-Records<br> d-Database
Kitty [74]

Answer: D. is the answer

Explanation:

sub to me

5 0
4 years ago
How to calculate less drawing ​
Nitella [24]
Owner’s equity is the residual value of a sole proprietorship -- a business owned by an individual -- if it paid off all of its debts. A withdrawal occurs when the owner takes money out of the company that will no longer be used in the company. The statement of owner’s equity shows the items that cause changes to owner’s equity during an accounting period. Investments and net income increase owner’s equity. A net loss and withdrawals decrease owner’s equity. You can calculate a sole proprietorship’s withdrawals if you know the other items on the statement of owner’s equity
8 0
3 years ago
A stock’s price fluctuations are approximately normally distributed with a mean of $29.51 and a standard deviation of $3.87. You
Ivahew [28]

Answer:

$34.46

Explanation:

In this Question there is Highest value of 10% and the probability of 90%.

we will use following formula to calculate the highest value of the stock

z value = ( x - mean ) / Standard deviation

where

x = the highest value

z score value at 10% = 1.28

Placing value in the formula

1.28 = ( x - $29.51 ) / $3.87

1.28 x $3.87 = x - $29.51

$4.9536 = x - $29.51

x = $4.9536 + $29.51

x = 34.4636

8 0
4 years ago
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