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mezya [45]
3 years ago
11

1. Dominic Joseph deposits $5,000 in a new savings account at his local bank. The account pays 5.5 percent interest compounded a

nnually. At the end of 6 years, how much will Dominic’s account be worth?
Business
1 answer:
klasskru [66]3 years ago
5 0

Answer:

The future value is $6,894.21

Explanation:

Giving the following information:

Dominic Joseph deposits $5,000 in a new savings account. The account pays 5.5 percent interest compounded annually.

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

PV= 5,000

i= 0.055

n=6

FV= 5,000*(1.055)^6= $6,894.21

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a) The school of management that the Management of XYZ Company Limited is applying is called <em>Mathematical or Quantitative School of Management.</em>

The Mathematical or Quantitative School of Management:

  • Expresses management problems in equations, mathematical symbols, and quantitative models  
  • Encourages wide application of computer technology, simulations, and analytics
  • Introduces precision to management thinking and practice

b) The Contingency School, unlike the Mathematical  School of Management:

  • Recognizes that not all management processes can be expressed with mathematical symbols and formulas.
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  • States that there is no single technique to solving management problems.
  • Encourages managers to use any feasible management technique to solve problems, thereby thinking outside the box.
  • Emphasizes that the applications of management principles and practices (process, behavioral, quantitative, and systems) should be contingent upon the prevailing circumstances.  

Thus, with Contingency School, the tools of management thinking and practice should be applied based on prevailing situations and not mathematically with equations, models, and symbols.

Learn more about another School of Management Thought here: brainly.com/question/15557968

4 0
3 years ago
PLEASE HELP ASAP!! WILL MARK BRAINLIEST!!
creativ13 [48]

Answer:

The united states are the third-largest country in the world is bigger than most countries so there are a lot more land resources and that also means that there is a big population, unlike other countries, where it has less workforce. There are also some goods and service output including vegetables & fruit.

Explanation:

I hope that helps?

5 0
3 years ago
Explain how abstraction allows for the creation of increasingly complex systems. reference top-down design strategy in your resp
Nesterboy [21]
Answer:  
A general understanding that abstraction allows programmers to hide details By hiding details, programmers are able to work with complex systems in small pieces without having to pay attention to every detail at once An explanation of how top down design implements abstraction 
Example:  
Through the use of abstraction, a programmer is able to take one large idea, and break it down into smaller pieces. In the context of top-down design, this means that the programmer can create one function that is made up of a set of smaller sub functions. After determining the details of those sub functions, the programmer no longer needs to take into account how they work, knowing that they will work in when called. For example when drawing a snowflake, the programmer may use top down design to split it into separate branches. Each of those branches may have sub functions that determine the detail to be repeated. This allows programmers to develop complex systems while managing complexity at multiple levels of abstraction. 
Which of the following is FALSE about event-driven programs?  
 A. Event-driven programs do not implement algorithms.
 B. Some portions of an event-driven program may never execute while the program is running.
 C. An event-driven program is written to respond to specified events by executing a block of code or function associated with the event.
 D. The order in which an event-driven program will run cannot always be known ahead of time. E. Event-driven programs can be run multiple times with different outcomes, based on user interactions.
4 0
3 years ago
Which one of the following statements concerning interest rates is correct?a. Savers would prefer annual compounding over a mont
ryzh [129]

Answer:

The correct answer is letter "C": The effective annual rate equals the annual percentage rate when interest is compounded annually.

Explanation:

Interest Rate is the cost of borrowing money, expressed as a percentage of the loan amount. Interest rates are the primary yardsticks for measuring how much return lenders will get.

The effective annual interest rate is a way of restating the annual interest rate so that it takes into account the effects of compounding. Using the effective annual interest rate helps us understand how differently a loan or investment performs if it compounds annually, semiannually, monthly, or in any other time frame. If compounded annually, the effective interest rate equals the annual percentage rate.

8 0
3 years ago
Question 10 of 15 A tax-sheltered annuity is a special tax-favored retirement plan available to ACertain age groups only. BCerta
d1i1m1o1n [39]

Answer:

C Certain groups of employees only

Explanation:

The tax sheltered annuity is a special tax regarding the retirement plan that available to a specific employees group only that engaged in non-profit, education, other 501c3 organization etc

So according to the given situation, the option C is correct as it fits to the situation

Therefore the other options are wrong

3 0
3 years ago
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