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jolli1 [7]
3 years ago
7

You would like to have $50,000 saved at the end of Year 5. At the end of Year 2, you can deposit $7,500 for this purpose. If you

earn 4.5 percent, how much must you deposit today to reach your goal assuming no other deposits are made
Business
1 answer:
Helen [10]3 years ago
5 0

Answer:

The amount that should be deposited today is $33254.58

Explanation:

The deposit should be such that the future value of the deposit made today and at the end of year 2 should be equal to $50000 after 5 years. Let the deposit made today be x. The equation for the future value will be,

50000 = x * (1+0.045)^5  +  7500 * (1+0.045)^3

50000 = x *  (1.045)^5  +  8558.745938

50000 - 8558.745938  =  x * (1.045)^5

41441.25406 / (1.045)^5  =  x

x = $33254.57769 rounded off to $33254.58

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DeMarcus has been general manager of the Surf and Turf Club restaurant for many years and always schedules extra staff for the b
Keith_Richards [23]

Answer:

illusion of control.

Explanation:

The illusion of control is the tendency for people to overestimate their ability to control events; for example, it occurs when someone feels a sense of control over outcomes that they demonstrably do not influence.

In the scenario, although Business has been consistently slow on Fridays in recent months, yet DeMarcus decides to continue with the extra staffing.

This is obviously a case of illusion because he has no control over the external business environment and there is no logical reason to continue with extra staffing.

3 0
3 years ago
E-commerce can be defined as: Question 48 options: A) the digital enablement of transactions and processes within an organizatio
Alisiya [41]

Answer:

C) the use of the Internet, the Web, and mobile apps to transact business

Explanation:

E-commerce refers to the economic commerce in which the buying and selling of goods and services are involved over and above electronic networks that we called the internet. It could be done in the following ways

1. Business to customer =  B2C

2. Business to business = B2B

3. Customer to customer = C2C

And many more

By using mobile applications, the customer could easily order their products that are to be shown in different applications

Therefore the option C is correct

3 0
3 years ago
Hugh Morris Comics sold for $110,000 cash a 3D printer that cost $334,000 with accumulated depreciation of $221,000. This transa
dezoksy [38]

Answer:

A. An investing activity.

Explanation:

In the statements of cash flows for a given period end, the difference between the opening and closing cash balances for a period is recognized in 3 buckets of activities. These are operating, investing and financing activities.

When an asset is sold for cash, the proceed received from the sale is recognized as an inflow of cash in the section of investing activities in the cash flow statements.

8 0
3 years ago
Marketing logistics includes all of the following EXCEPT ________. reverse logistics inbound logistics producer-centered logisti
Nana76 [90]

Answer:

producer-centered logistics

Explanation:

When it comes to marketing, <u>consumers and customers always come first</u>. There isn't such thing as producer-centered logistics (<u>not that i know of at least</u>) because the producers need to focus on the business and customers not themselves.

8 0
2 years ago
The _____ component of the marketing environment consists of laws that require firms to operate under competitive conditions and
Luden [163]

Answer:

Political-legal Environment.

Explanation:

The political-legal environment component of the marketing environment consists of laws that require firms to operate under competitive conditions and to protect consumer rights. This component particularly has an impact on the marketing function of organizations. Laws made by the government of any country come into play here. Marketing department along side overall organization has to abide by these laws and rules. This factor/element basically decides the direction of the overall business as well. For example, when Chinese Government made a law that one family can have only one child, which was categorized as six-pocket syndrome. Business dealing with the kids related products were very successful and profitable those days, many organization also started making items for the kids those days.

8 0
3 years ago
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