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skad [1K]
3 years ago
9

Jessica is considering putting $50 into a money market account that pays a 4 percent annual interest rate. It will take year(s)

for the money to double to $100.
Business
1 answer:
Basile [38]3 years ago
3 0

Answer:

18 years

Explanation:

We can apply the future value formula as below

A = P x ( 1 + r) ^ n

where A is the amount: $100

P= principal amount : $50

r=4% or 0.04

n = ??

Therefore

$100 = $50 x ( 1+ 0.04)^n

$100 = $50( 1.04)^n

1.04^n =$100/$50

1.04^n= 2

n =log 2/ log 1.04

n=0.30102999/0.0170333

n=17.67 years

=18 years

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seropon [69]

Answer:

The Tulip Mania in Holland went to a economic collapse in the value of Tulip bulbs in 1637. Stating this, even though, it didn't affect the Dutch economy at the time, since the Dutch Republic was the leading economy in the 17th century. Stating this, if Holland was did not possess financial stability, the following potential problems might occur:

1. The entire Dutch Republic might go into a depression, making every form of  consumable and necessities inflated and money invaluable.

2. Might lead to a higher rate of unemployment, consequently resulting in other harmful factors like death.

3. Lastly, stating all of this, it would push back development for the Dutch and slow down progression.

Explanation:

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7 0
3 years ago
Riley Company paid $60,000 cash to purchase land from Smally Company. Smally originally paid $60,000 for the land. A) Was this e
Veseljchak [2.6K]

Answer:

A. Asset exchange transaction

B. Asset exchange transaction

C. Investing activity

D. Investing activity.

Explanation:

In the question, the Riley company paid cash to Smally company, and the Smally company paid the amount for the land.

So,  

A. For Riley company, it is an asset exchange transaction as the asset exchanges between Riley and Smally company.  

B.  For Smally company it is an asset exchange transaction as the asset are the exchange between Riley and Smally company.

C. Investing activity. As the Riley company deals in the purchase and the sale of the fixed assets.

D. Investing activity. As the company deals in the purchase and the sale of the fixed assets.

4 0
3 years ago
Dylan, a vice president of human resources, recommends adding self-appraisals to the company's performance management system. Th
masha68 [24]
<h2>Evaluating one's contribution gets employee thinking about their performance.</h2>

Explanation:

Self-appraisal is one of the best method to assess themselves of what kind of contribution that he has made to the company to grow.

He can also look back about the opportunities that the company has given to him to perform.

This actually,

  • speaks for results
  • gets the chance to do peer review
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So the chosen statement supports Dylan's idea.

3 0
2 years ago
If people refused to use banks to create checkable deposits, the banking system would:___.
irinina [24]

If people refused to use banks to create checkable deposits, the banking system would not be able to create new money.

Checkable deposits include all accounts on which checks can be drawn. These deposits allow the owner of bank account to write checks to third parties. Also, they are very liquid assets that allow depositors to have an easy access to their funds.

For these reason, checkable deposits generally are important but also one of the lowest-cost source of bank funds, covering a large share of bank liabilities. Thus, banks create money by lending excess reserves to consumers and businesses.

Hence, if people refused to use banks to create checkable deposits, the money multiplier decreases.

To learn more about Checkable deposits here:

brainly.com/question/15867820

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7 0
1 year ago
Jones Manufacturing sent Blue Company an invoice for equipment with a list price of $10,000. The invoice is dated July 27 with t
beks73 [17]

Answer:

Amount to be paid = $6,000

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Trade discount is the reduction in the list price granted to a buyer. A 40% trade discount implies that Blue would have to pay only 60% of the list price.

The amount due for settlement = 10,000 - (40%× 10,000)= $6,000.

The  term 2/10 implies that Jones is entitled to a cash a discount of 2% if it settles its invoice within 10 days following the invoice date. The deadline settlement date to receive the discount would therefore be August 6.

Since the account was settled on September 8 which is later than the deadline date set to qualify for the cash settlement discount, Blue would have to pay $6,000.

Amount to be paid = $6,000

5 0
3 years ago
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