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iris [78.8K]
3 years ago
8

In order to purchase a new freezer in 4 years, the Steakhouse Restaurant has decided to deposit $1,700 in an account that earns

2% per year compounded monthly for 4 years. How much money will be in the account in 4 years
Business
1 answer:
trapecia [35]3 years ago
6 0

Answer:

$ 1844

Explanation:

A = P (1 + r / n) ^ nt ; where

A = Final Amount , P = Principal base, r = Interest rate , t = no. of time periods (usually years) , n = compounding in a time period (annually)

Given : P = 1700 , r = 2% , t = 4 , n =  12

A = 1700 [ 1 + 0.02 / 12 ] ^ (12 x 4)

1700 [ 1 + 0.0017 ] ^ (12 x 4)    

1700 [ 1.0017 ] ^ 48  

1700 [1.0849]

= 1844

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A cbs news/new york times poll found that 329 out of 763 randomly selected adults said they would travel to outer space in their
iren [92.7K]

Answer:

0.339 < p < 0.461

Explanation:

Given data:

confidence interval is 92%

Randomly selected adults = 329

Total number of adults is 763

\alpha = 1 - 0.92 = 0.08

\frac{\alpha}{2} = \frac{0.08}{2} = 0.04

for alpha = 0.04

z value is = 1.75

p = \frac{329}{763} = 0.43

= p \pm z \times \sqrt{\frac{p \times (1-p)}{N}

= 0.43 \pm 1.75 \tiimes \sqrt{\frac{0.43  \times0.57)}{763}

=0.43 \pm 0.031

0.339 < p < 0.461

4 0
3 years ago
To what phase of the employment cycle does training belong?....
zalisa [80]

The answer is onboarding.

There are normally five stages of the employment cycle. They are recruiting, onboarding, developing, retaining and offboarding. Training falls into the onboarding category when you are starting with the company and receiving the training that you need in order to do the job.

3 0
3 years ago
a companys sales in year 1 were 250,000 and in year 2 were 287,500. Using Year 1 as the base year, the percetn change for year 2
Minchanka [31]

Answer:

115%

Explanation:

Computation of the percentage change for year 2 when compared to the base year

Using this formula

Percentage change=(Year 2 Sales /Year 1 Sales )* 100

Let plug in the formula

Percentage change =($287,500/$250,000) * 100

Percentage change =1.15*100

Percentage change = 115%

Therefore the percentage change in year 2 when compared to the base year will be 115%

6 0
3 years ago
Meric Mining Inc. recently reported $15,000 of sales, $7,500 of operating costs other than depreciation, and $1,200 of depreciat
fomenos

Answer:

final net income = $3830.9375

Explanation:

GIVEN DATA:

sales = $15000

DEPRECIATION = $1200

interest rate = 6.25%

federal+state income tax rate -  35%

OPERATING COST EXCLUDING DEPRECIATION = $7500

total  operating cost = 7500+ 1200 = $8700

interest given = 6500*0.0625=406.25

net income with tax= 15000-8700-406.25 = 5893.75

final net income = 5893.75*(1-0.35)=3830.9375

4 0
3 years ago
Would you measure the length of a bench in centimeter or in meters
givi [52]
It would be meters if it is like a city bench. If it is smaller than a city bench then Centimeters.
8 0
3 years ago
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