1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Safeco’s current assets total to $20 million versus $10 million of current liabilities, while Risco’s current assets are $10 mil
dlinn [17]

Answer:

b. The transactions would lower Safeco's financial strength as measured by its current ratio but raise Risco's current ratio

Explanation:

The formula to compute the current ratio is shown below:

Current ratio = Total Current assets ÷ total current liabilities  

So,

For Safeco, the current ratio would be

= $20 million ÷ $10 million

= 2 times

And for Risco, the current ratio would be

= $10 million ÷ $20 million

= 0.5 times

After borrowing, the current ratio would be

The current assets and the current liabilities would be increased by $10 million in each side.

For Safeco, the current ratio would be

= $30 million ÷ $20 million

= 1.5 times

And for Risco, the current ratio would be

= $20 million ÷ $30 million

= 0.67 times

By comparing the current ratio, we get to know that The Safeco current ratio would be decreased whereas, the Risco current ratio is increased

Hence, option b is correct

4 0
3 years ago
As the average hourly wage increases from $18 per hour to $20 per hour, the quantity of frozen dinners demanded decreases from 3
horrorfan [7]

Answer:

The income elasticity of demand for frozen dinners is negative when there is an increase of hourly wages. -51%

Explanation:

When the income elasticity is negative it means that the good is inferior so when the income is increased, the demand of the good decrease beacuse its demand change to a better quality good. For instance in this case a fresh meal.

income elasticity % = % change in quantity / % change in income

(((3350-3550)/3550)/((20-18)/18))*100

7 0
3 years ago
Rediger Inc., a manufacturing Corporation, has provided the following data for the month of June. The balance in the Work in Pro
maw [93]

Answer:

$147,400

Explanation:

The computation of the cost of goods manufactured is shown below:

= Direct materials used + Direct labor cost + Manufacturing overhead cost + beginning work-in-process inventory - ending work-in-process inventory

= $56,400 + $30,100 + $52,400 + $29,000 - $20,500

= $147,400

We considered the applied manufacturing overhead cost instead of actual manufacturing cost

5 0
3 years ago
Jamal recently purchased a cooperative's stock and moved into one of the cooperative's units. what type of lease does jamal have
sladkih [1.3K]
It is a finance lease , because Jamal purchased a financial equity, which is the stock, with the cooperative and he moved to one of its units, therefore, the risk and rewards are transferred to Jamal and it is considered to be a finance lease.
3 0
3 years ago
The regulations restaurants must follow concerning restrooms
Hoochie [10]
Restaurants of any size are regulated by a variety of local, state and federal laws dealing with health and safety for customers and employees. A critical component of restaurant design is providing restrooms for customers and employees, and for both men and women in each category. This includes the physical facilities and signage, as well as provision for handicapped or wheelchair access. In most areas, a local health department is the key agency monitoring all regulations related to restaurant restrooms, and it should be consulted during the design phase. An inspection, including restrooms, normally is required before a restaurant can open.
3 0
3 years ago
Read 2 more answers
Other questions:
  • Which job would most likely require a college degree?
    8·2 answers
  • You have an opportunity to invest in Australia at an interest rate of 8%. Moreover, you expect the Australian dollar (A$) to app
    12·1 answer
  • Michael mixed three colors of paint and came up with black. this is an example of
    13·1 answer
  • he company is currently selling 6,400 units per month. Fixed expenses are $424,400 per month. The marketing manager believes tha
    10·1 answer
  • Read the scenario, and answer the question. You need to display the placement of three new function keys on a cell phone prototy
    7·1 answer
  • Type the correct answer in the box. Spell all words correctly. What is the first step taken by the management team in any indust
    7·1 answer
  • atman Corporation uses an activity-based costing system with the following three activity cost pools: Activity Cost Pool Total A
    10·1 answer
  • Most economists believe the principle of monetary neutrality is a. relevant to both the short and long run. b. mostly relevant t
    6·1 answer
  • THis is funny lol my class is boring hehe I need help with my homework who can be my homework boy/girl?
    14·1 answer
  • A motivation for scientific management, which uses time and motion studies and work standardizations, is to:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!