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3 years ago

How long would it take to double your investment if you invest $2,000 at 7.5% compounded quarterly?

Business

1 answer:

Flura [38]3 years ago

5 0

Answer:

c. Between 9 and 10 years

Explanation:

The computation of the time period is shown below:

Future value = Present value × (1 + interest rate)^number of years

$4,000 = $2,000 × (1 + 7.5% ÷4)^time period ×2

After solving this

The time period is

= 9.3283

Hence, it lies between the 9 and 10 years

Therefore the correct option is c.

And all other options are wrong.

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The Isberg Company just paid a dividend of $0.75 per share, and that dividend is expected to grow at a constant rate of 5.50% pe

hoa [83]

Answer:

The company's current stock price is $ 18.62.

Explanation:

To calculate the company's current stock price we have to use first the following formula to calculate the: Expected Return of stock

Expected Return of stock = Risk Free Rate+ Beta * Market Risk Premium

Expected Return of stock= 4+1.15*5

=4+5.75

Expected Return = 9.75%

Then, we can calculate the stock price with the following formula:

Price = Dividendat year 1/ Return- Growth

D1 =0.75*105.5%

=0.79125

Price =0.79/( 0.0975-0.055)

=18.62

The price is $ 18.62

6 0

4 years ago

How to gather customer feedback

jeka94

There are many ways to gather customer feedbacks. Such ways are:

1. Use of survey forms in written and electronic process (by means of emails and online forms). - Letting customers to answer survey forms for you will let you know how you are performing in terms of customer satisfaction. Whether it is in a form of manual paper surveys or online surveys.

2. By calling and messaging your customers regularly. - If you cannot make time to create survey forms, you can call your clients directly to ask them about their satisfaction with your service. The advantage of this method is you can get the feedback right away and at the same time, you can hear it directly from the customers with full detailed explanation.

3. By establishing a page in social media and monitors it for their reactions and feedbacks. - social media can be a huge help when it comes to gathering customer feedbacks. Millions of people owned social media accounts even businesses. This method is faster among any other methods mentioned.

4. By having live chat support on your webpage and social media accounts. - You can also add live chat support in your webpage and social media account for complete customer feedback experience.

Customer Feedbacks are extremely important so you can know the things that you need to improve and you can know the current standards of your company if you are really helping your customers. Bad customer experience can lead to bad reputation. In order to change that reputation, you must know how the customer get into that situation and plan for a change of action.

5 0

4 years ago

What about this profile would most appeal to a recruiter from a public relations firm? Check all that apply. the username the bi

Ne4ueva [31]

Answer:

the biography

Explanation:

people would rather know who you are than just see the cover you put up

6 0

3 years ago

A machine with a cost of $130,000, current year depreciation expense of $17,000 and accumulated depreciation of $85,000 is sold

wlad13 [49]

Answer:

The total amount that should be reported in the operating section of the statement of cash flow as per the indirect method is $22,000

Explanation:

Under operating activities, we record the items with respect to changes in working capital, loss in the value of the fixed assets, depreciation, etc.

In the given question, it is mentioned that the machine cost is $130,000, the current depreciation expense is $17,000, accumulated depreciation of $85,000, and the machinery is sold for $40,000 in cash.

By using this above information, first, we have to compute the gain or loss in the selling of a machine

The computation is shown below:

= Purchase cost - accumulated depreciation

= $130,000 - $85,000

= $45,000

And, the sale of a machine is done for $40,000

So, the company incurred a loss of $5,000 ($40,000 - $45,000)

So, the total amount which is recorded under operating activity is

= Current year depreciation + loss in the sale of a machine

= $17,000 + $5,000

= $22,000

Hence, the total amount that should be reported in the operating section of the statement of cash flow as per the indirect method is $22,000

3 0

4 years ago

Sioux Corporation is estimating the following sales for the first four months of next year:January$210,000February$280,000March$

Serjik [45]

Answer:

$358,000

Explanation:

Calculation to determine how much cash should Sioux expect to collect during the month of April

April sales collected in April ($370,000 × 60%) $222,000

March sales collected in April ($340,000 × 40%) $136,000

Total cash collections in April $358,000

($222,000+$136,000)

Therefore the amount of cash that Sioux should expect to collect during the month of April is $358,000

6 0

3 years ago