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Ostrovityanka [42]
3 years ago
13

Account balance of 1723.57 the interest rate of the account is 3.4% compounded daily. If the account was opened 9 years ago, wha

t was the value of the initial deposit
Business
1 answer:
hjlf3 years ago
5 0

Answer:

The value of the initial deposit = $1269

Explanation:

Given - Account balance of 1723.57 the interest rate of the account is 3.4% compounded daily.

To find - If the account was opened 9 years ago, what was the value of the initial deposit

Proof -

We know that,

If the interest rate is compounded n times per year at an annual rate r, the present value of a A dollars payable t years from now is:

P = A(1 + \frac{r}{n} )^{-nt}

Here,

A = 1723.57

r = 3.4% = 0.034

n = 365 (because it is compounded daily )

t = 9

So,

we get

P = 1723.57(1 + \frac{0.034}{365} )^{-365(9)}

   = 1723.57(1.000093151)⁻³²⁸⁵

   = 1723.57(0.736396351)

   = 1269.23066 ≈ $1269

∴ we get

The value of the initial deposit = $1269

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Country of origin can strongly influence a firm’s approach to organization structure. As MNEs from China and India international
atroni [7]

Answer:

Chinese and Indian firms are likely to apply their own principles when they internationalize as MNEs.

Explanation:

For example, the Chinese have in many aspects similar values to the Japanese. They believe in hierarchies, in strict organization and methods, and in efficiency above everything else.

However, the Chinese tend to be less protocol-focused than the Japanese, because the Chinese are more extraverted. So when the Chinese companies become MNEs, they are likely to be similar to Japanese MNEs, but with a bit less organization and protocol.

7 0
3 years ago
The records of Lohse Stores included the following data: Inventory, May 1, at retail, $14,500; at cost, $10,440 Purchases during
bulgar [2K]

Answer:

$9,3

Explanation:

                             COST    RETAIL    RATIO

Inventory, May 1 $10,440        $14,500 .72

Purchases           31,550            42,900

Freight-in          2,000

Purchase discounts

                          (250)

Net markups                                  3,400

Net markdowns                           (1,300)

Totals excluding beginning inventory

                        33,300                45,000   .74

Goods available $43,740          59,500

Sales                                          (46,500)

Inventory, May 31                         $13,000

Estimated inventory, May 31

($13,000 × .72) $ 9,360

3 0
3 years ago
Clean N Green is a two-year-old company that makes wind turbines. The business owner, Janelle, is struggling to compete. Finding
Talja [164]

By simplifying work and increasing output per worker is this approach to job design most likely to help Clean N Green

Explanation:

Job design is the organisation of work into the tasks necessary to perform a certain task. Job design includes conscious efforts to organise tasks, assignments and duties into some kind of unit of work to reach certain goals.

It is achieved by facilitating specialisation across simplified work, which in turn increases efficiency.

Due to the fact that job simplification makes employment routine, monotonous and boring, workers are eventually disliking the job, thereby increasing absenteeism and turnover.

7 0
3 years ago
A jeans maker is designing a new line of jeans called Slims. The jeans will sell for $355 per pair and cost $262.70 per pair in
shtirl [24]

Answer:

a.$92.30

b.27.55%

Explanation:

a. Computation for the contribution margin per pair

Sales 355.00 per pair

Less:Variable cost $262.70 per pair

Contribution margin $92.30 per pair

Therefore the Contribution margin per pair will be $92.30

b. Computation for the contribution margin ratio.

Using this formula

Contribution margin ratio=Contribution margin per unit/Selling price per unit

Where,

Contribution margin per unit =$92.30

Selling price per unit =$335.00

Let plug in the formula

Contribution margin ratio=$92.30/$335.00

Contribution margin ratio =27.55%

Therefore the Contribution margin ratio will be 27.55%

4 0
3 years ago
Page Company makes 30% of its sales for cash and 70% on account. 60% of the credit sales are collected in the month of sale, 25%
kondaur [170]

Answer:

$36,230

Explanation:

Month 1              Month 2               Month 3                 Month 4

60,000               70,000                50,000                  30,000

Calculation for receipts in Month 4:

9000   30% cash  in the same month(30000*30%)

12600   60% credit in the same month (30000*70%*60%

8750   25% in month following sales (50000*70%*25%)

<u>5880</u>   12% second month following sales (70000*70%*12%)

<em>36,230</em>

<em></em>

<em>I hope I made myself clear buddy.</em>

<em>Best of Luck.</em>

6 0
3 years ago
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