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Aleks04 [339]
3 years ago
14

Using the rule of 72, t = StartFraction 72 Over r EndFraction, how long will it take for the principal to double with an annual

compound interest rate of 6%?
Business
1 answer:
Leviafan [203]3 years ago
5 0

Answer:

12 years

Explanation:

Given

t = \frac{72}{r}

Required

How long will interest rate of 6\% double

We have:

t = \frac{72}{r}

Substitute 6 for r

t = \frac{72}{6}

t = 12

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3 years ago
Pepe, Incorporated acquired 60% of Devin Company on January 1, 2018. On that date Devin sold equipment to Pepe for $45,000. The
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Answer: $9000

Explanation:

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8 0
3 years ago
Roger is engaging in HR planning. He is trying to predict what human resources will be needed in the coming year in his organiza
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The activity in which Roger is engaged in is called program evaluation.

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7 0
2 years ago
: How does horizontal growth differ from vertical growth as a corporate strategy? From concentric diversification?
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Answer:

Explanation:

Horizontal Growth is a growth in which the company extend its business by obtaining larger share of its market by acquiring its competitors.

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8 0
3 years ago
John Smith, one of three managers at BSG Labs, drafted a policy that would allow his department to do more testing in his lab. T
jok3333 [9.3K]

Answer:

b. The policy made decisions for other departments in the company.

Explanation:

John Smith made the policy alone without involving the other managers. When the policy was implemented, it had to work with other departments to ensure success.

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