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Sindrei [870]
3 years ago
8

Towne Station is saving money to build a new loading platform. Three years ago, they set aside $23,000 for this purpose. Today,

that account is worth $31,406. What rate of interest is Towne Station earning on this investment?
Business
1 answer:
goldenfox [79]3 years ago
6 0

Answer:

Interest rate = 10.94%

Explanation:

The future value is the estimated worth of an investment at a specified time assuming a particular interest rate. The present value is the initial amount invested.

For Towne station the future value of their investment is $31,406, and three years ago they put in $23,000.

To get the interest rate we will use the following formula

Future value= Present value* {(1+ interest rate)^number of years}

31,406= 23,000* {(1+Interest rate)^3}

Interest rate = 0.1094~10.94%

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A job advertisement reads as follows: "Wanted, bright young men to sell athletic club memberships. Interested applicants should
ohaa [14]

Answer:

The group of options for this question are the following:

A. Yes, the ad makes clear the type of employee sought.

B. No, it is not acceptable as it discriminates against female applicants and does not give sufficient information about the organization or job requirements.

C. No, it is not acceptable as it discriminates against female applicants.

D. Yes, it is acceptable but would benefit from more information.

The correct answer is B. No, it is not acceptable as it discriminates against female applicants and does not give sufficient information about the organization or job requirements.

Explanation:

The basic concept when the company considers the publication of a job offer to fill a position, is to find the best possible candidate, the most qualified for what is sought. For this, the development of the offer is very important, in what terms it is being proposed, to which applicants it is directed, etc. If the job offer is created properly, it will not only get the applicant to the most capable position, but it will do so in the shortest possible time.

An effective offer must have a title that appeals, that contains added value, either because it brings a certain prestige to the position, excellent conditions for it or the image of an important professional projection within the company. For this, in order to attract the candidate's attention to the position, the text of the offer must be close and pleasant, with respectful but appealing language.

8 0
3 years ago
Cogswell cola purchased a machine for $237,500. The firm paid another $5,750 for delivery and installation. In addition the firm
Novay_Z [31]

Based on the cost of purchasing the machine and the delivery and installation fees, the initial outlay is $243,250

<h3>How much is the initial outlay?</h3>

This can be found as:

= Cost of purchasing machine + Installation and delivery cost

Solving gives:

= 237,500 + 5,750

= $243,250

Find out more on fixed asset capitalization at brainly.com/question/25355478

#SPJ1

3 0
2 years ago
Consider the following information: Rate of Return If State OccursState ofProbability ofEconomyState of EconomyStock AStock BSto
grigory [225]

Answer:

Expected Return Boom = 0.29(0.353) + 0.42(0.453) + 0.29(0.333)

Expected Return Boom = 0.3892

Expected Return Boom = 38.92%

Expected Return Good=  0.29(0.123) + 0.42(0.103) + 0.29(0.173)

Expected Return Good = 0.1291

Expected Return Good = 12.91%

Expected Return Poor = 0.29(0.013) + 0.42(0.023) + 0.29(-0.053)

Expected Return Poor = - 0.00194

Expected Return Poor = - 0.194%

Expected Return Bust = 0.29(-0.113) + 0.42(-0.253) + 0.29(-0.093)

Expected Return Bust= - 0.166

Expected Return Bust= - 16.6%

a. Expected return portfolio = 0.3892*0.18 + 0.1291*0.42 + 0.32*- 0.00194 + 0.08*- 0.166

Expected return portfolio = 0.1104

Expected return portfolio = 11.04%

b. Variance = 0.18*(0.3892-0.1104)^2 + 0.42*(0.1291-0.1104)^2 + 0.32*(- 0.00194-0.1104)^2 + 0.08*(- 0.166-0.1104)^2

Variance = 0.02429

c. Standard Deviation = (0.02429)^(0.5)

Standard Deviation = 0.1558

Standard Deviation = 15.58%

3 0
3 years ago
Inexpensive goods and services, which take very little consideration on the part of consumers and consumers frequently purchase,
nlexa [21]
Its called convenience products
4 0
3 years ago
Cherry Creek Development, LP, is a limited partnership that invests in residential real estate projects. Its limited partners in
soldier1979 [14.2K]

Answer:

d. ​participates in the firm’s management.

Explanation:

A limited partnership is a form of business ownership with two or more partners. Limited partnerships are made up of general partners and limited partners.

The general partner manages the daily business operations. He makes investment decisions on behalf of the enterprise. He has unlimited liabilities to the debts and the liabilities of the business.

A limited partner is also known as silent partner. He does not take part in the management of the business. He has no voting rights. His liability is limited to the total amount of his investments

7 0
3 years ago
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