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Yanka [14]
3 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]3 years ago
5 0

Answer:

1992

Explanation:

Give a <3 ?

artcher [175]3 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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Big Chill, Inc. sells portable dehumidifier units at the current price of $184. Unit variable costs are $85. Fixed costs, made u
Likurg_2 [28]

Answer:

$6,014,384

Explanation:

Break even point is the level at which a firm makes neither profit nor a loss. This is the point where Profit = $0.

Break even units = Fixed Costs ÷ Contribution per unit

therefore,

Break even units = $3,236,000 ÷ ($184 x  $85)

                              = 32,687 units

thus,

Breakeven Sales = 32,687 units x $184 =  $6,014,384

3 0
2 years ago
Which statement defines equilibrium in a graph showing demand and supply curves? A. It is the point where the demand and supply
bagirrra123 [75]

Answer:

The answer is A.

Explanation:

It is the point where the demand and supply curve intersect

7 0
3 years ago
Read 2 more answers
A company issues $100,000 of 5%, 10-year bonds dated january 1. The bonds pay interest semiannually on june 30 and december 31 e
Gnesinka [82]

Assuming  the bonds are sold at par value, the issuer will records the sale with a debit to: Cash $100,000.

<h3>Journal entry</h3>

Based on the information given if the company issues the amount of  $100,000 of 5%, 10-year bonds dated january 1 the appropriate journal entry to record this transaction is:

Debit Cash $100,000

Credit Bond payable $100,000

(To record bonds sold at par value)

Inconclusion the issuer will records the sale with a debit to: Cash $100,000.

Learn more about journal entry here:brainly.com/question/14279491

5 0
1 year ago
On a resume, an Objective is preferable to a Qualifications Summary. True or False
damaskus [11]
Actually it depends on different variables. An objective is usually used at the beginning of a resume, while the summary is mostly used in the middle or end of the resume.<span />
7 0
3 years ago
An insurance company assesses all employees' current job skills and creates road maps for them outlining the competencies they n
Zepler [3.9K]

Answer:

Succession management

Explanation:

Succession management can be described as a process of identifying and training new individuals that will take on the role of new leaders. This is done inorder to replace the old leaders in the organisation when they eventually leave the company or retire.

Succession management is very essential because it helps to identify individuals that possess the right skills, experience and capabilities that is needed to move the organization to a higher level.

Succession management is very vital to ensure the continued success of the organization.

6 0
3 years ago
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