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GaryK [48]
3 years ago
7

Suppose you borrow $26000 at an annual interest rate of 5%. For 3 years, you do not make any payments. Find the interest accrued

over this time period if the interest is compounded as follows. Round your answers to the nearest cent.
Business
1 answer:
zvonat [6]3 years ago
5 0

Answer:

Find the interest accrued over this time period

$4098,25

Explanation:

Borrow I% interest  

Year 1 26000 5% 1300 27300

Year 2 27300 5% 1365 28665

Year 3 28665 5% 1433,25 30098,25

                                        4098,25

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Entity A supplies planed timber, paint, varnish, springs, upholstery, and cushioning to Entity B, which produces a ready to use
zysi [14]

Answer:

A is an upstream supply chain member while C is the downstream chain member

Explanation:

There are two portions of the supply i.e downstream and upstream. In the upstream it reflects the suppliers of the organization and its process for managing the relation

While on the other hand the downstream reflects the process for distribution and delivery of products to the customers T

Therefore in the given case, Entity A is upstream while the Entity C is downstream

4 0
3 years ago
A perpetuity will pay $300 per year, starting five years after the perpetuity is purchased. is purchased. What is the present va
Maru [420]

Answer:

present value of perpetuity = $29615.93

Explanation:

given data

pay = $300 per year

interest rate = 3%

solution

we get here present value payment after 5 year is

present value = \frac{future\ value}{1+ discount\ rate } ...........1

present value = \frac{1000}{(1+0.03)^5}

present value = $862.60

and

now we get present value on purchase date

present value = \frac{payment}{interest\ rate}   ......2

present value = \frac{862.60}{0.03}

present value = $28753.33

and

present value of perpetuity is

present value of perpetuity =  $862.60 + $28753.33

present value of perpetuity = $29615.93

5 0
3 years ago
Some employees at a clothing manufacturer investigate pay rates on Salary and learn that the company has been paying them signif
lora16 [44]

In this case, the most likely reason for this is The employees will conclude that there must be regional differences in pay.

<h3>What is a Pay Difference?</h3>

This refers to the discrepancy that exists when a person is paid a different amount to another person who is performing the same or similar work and can be affected by things like location, etc.

Hence, we can see that based on the fact that the employees of the cloth store make an investigation into their pay rates and find out that there is a price discrepancy that is higher than the national average, they would conclude that there must be regional differences in pay.

Read more about price differences here:

brainly.com/question/25565797

#SPJ1

6 0
2 years ago
Nov. 5 Purchased 850 units of product at a cost of $10 per unit. Terms of the sale are 3/10, n/60; the invoice is dated November
pickupchik [31]

Answer: Please see explanation column for answer

Explanation: A perpetual inventory system maintains inventory balances ensuring that records are continually made immediately when purchases or sale are made together with any returns which are recorded in inventory accounts.

To record purchase of merchandise

Date         Account                                    Debit       Credit

Nov 5    Merchandise Inventory         $8500

         Accounts payable                                               $8,500

To record return of merchandise purchased

Nov 7      Accounts payable                  $300

       Merchandise Inventory                                          $300

To record payment of inventory

Nov 15    Accounts payable                $8,200                      

              Cash                                                                  $7,954

          Merchandise Inventory                                         $246

Calculation =

Nov 5 - Cost of merchandise purchased =  No of units x unit price = 850 x 10 =$8500

Nov 7 - Cost of merchandise returned =  No of units returned x unt price = 30 x 10 = $300

discount received = Balance from accounts payable  x discount rate = (8,500- 300) x 3%= 8200 x 0.03=  $246

   Cash  =    Accounts payable    - Merchandise Inventory = $8200 - 246 =$7984.

4 0
3 years ago
( b ) explain five circumstances under which a high population growth may be desirable ​
statuscvo [17]

Answer:

There is a need to increase the demand in market for both goods and services.

There is a need to attract foreign investors

As societies modernize, mortality rates fall while birth rates remain high leading to high population growth rates.

Higher population growth may be beneficial in high-income countries where there is currently a tendency for population growth rates to decline

Development in agriculture, better techniques to grow more and better quality food.  Food available at all the times due to better storage conditions. So people do not die of starvation when food is not available.

Explanation:

7 0
2 years ago
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