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MissTica
3 years ago
12

7. A major US city reports a 12% increase in decoration sales during the yearly holiday season. If decoration sales were 8 milli

on in 1998, how much did the city report in total decoration sales by the end of 2004?
Business
1 answer:
Svet_ta [14]3 years ago
3 0
This really looks like a multiplication here. Let me see if this can be helpful to you: If we proceed like this:
<span>8 million * 0.12 = increase /year
The only thing you need to do now is multiply it with number of years between 1998 to 2004 then add it to 8 million. That is how you can solve it</span>
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When the decisions of a company are very risky and low-level managers lack decision-making skills, the company will tend to
Masteriza [31]

Answer: centralization

Explanation:

When the decisions of a company are very risky and low-level managers lack decision-making skills, the company will tend to centralize.

Centralization is simply when an organizational activities especially those that has to do with decision making, planning, framing policies and strategies are all concentrated in a particular location group.

7 0
3 years ago
Why is it important for businesses to understand the role of economics?
MrRa [10]

Answer:

Business economics often handles the analysis of various costs that business firms incur. Every business always desires to minimize their costs and maximize its profits by embracing different economies of scale. Nonetheless, the firms fail to determine exact costs that are involved in the production process.

6 0
3 years ago
.In 2027, instead of cashing in the bond for its then current value, you decide to hold the bond until it doubles in face value
cricket20 [7]

Answer:

The question is not complete,find below complete questions:

If you purchased a $50 face value bond in early 2017 at the then current interest rate of .10 percent per year, how much would the bond be worth in 2027? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. In 2027, instead of cashing the bond in for its then current value, you decide to hold the bond until it doubles in face value in 2037. What annual rate of return will you earn over the last 10 years?

The bond is worth $50.50 in the year 2027

The annual rate of return is 7.07%

Explanation:

The future value of the bond is given by the below formula:

FV=PV*(1+r)^N

where PV  is the present of the bond of $50

r is the rate of return of 0.10 percent=0.001

N is the duration of the bond investment of 10 years

FV=50*(1+0.001 )^10

FV=$50.50

However for the face of the bond to double i.e to $100, the rate of return can be computed thus:

r=(FV/PV)^(1/N)-1

where FV=$100 (double of $50)

FV=$50.50(current value in 2027)

N=10

r=($100/$50.50)^(1/10)-1

r=0.070707543

r=7.07%

5 0
3 years ago
A portfolio consists of $15,200 in Stock M and $23,400 invested in Stock N. The expected return on these stocks is 8.90 percent
bonufazy [111]

Answer:

Portfolio return = 11.08%

Explanation:

<em>The expected return on the portfolio is the weighted average return of all the different stocks making up the portfolio. The weight of the individual stock would be the relative amount invested in each stock as a proportion of the total fund invested.</em>

The expected return can be determined as follows

Weighted of stock A= 15,200/(15200+23400)=0.39

Weight of stock B = 23.400/((15200+23400)=   0.61  

Expected return on portfolio = (0.39 ×8.90% )  + (0.61*12.50%)= 11.08 %

8 0
3 years ago
______ are used to accumulate and report the effects of each different business activity separately rather than combining the va
Tresset [83]

The accounting item that is used to perform the activity of accumulating and reporting transactional effects is <u>Accounts</u>.

<h3>What is an Account?</h3>
  • This is record that allows for the recording of business activities.
  • Is shown in ledger books depending on which general activity it relates to.

Accounts allow us to accumulate information related to a business transaction in such a way that all information related to that transaction are located in the same place.

In conclusion, this is an account.

Find out more on accounts at brainly.com/question/24702831.

3 0
2 years ago
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