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diamong [38]
3 years ago
12

Using the rule of 70, how many years will it take an investment to double if the return is 88 %? Round your answer to two decima

l places.g
Business
1 answer:
solong [7]3 years ago
7 0

Answer:

It will take 8.8 years to double the investment given an interest rate of 8.8% annually.

Explanation:

Giving the following information:

Interest rate= 8.8%

<u>The rule of 70 is a means of estimating the number of years it takes for an investment or your money to double. </u>We will use the following formula:

<u></u>

Number of Years to Double= 70/Annual Rate of Return

Number of Years to Double= 70/8.8

Number of Years to Double= 7.95

It will take 8.8 years to double the investment given an interest rate of 8.8% annually.

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The Divirgil Company Net Income is $100. Given the following items:Purchase of debt securities (trading) $7Amortization of premi
Darya [45]

Answer:

a. $74

Explanation:

The computation in the change in cash for the year is shown below:

Net income                  $100  

Less: Purchase of Debt Securities  -$7  

Less: Amortization of Premium on Bonds payable  -$4  

Less: Purchase of Treasury Stock      -$5  

Less: cash Dividends paid            -$10 {($100 - $92) + $2}

Change in Cash          $74  

Hence, the correct option is A. $74

We simply deduct all the items from the net income so that the change in cash could come

3 0
3 years ago
Shangrilah Sandals is a manufacturing firm in a developing country, where it routinely uses grease payments to local officials t
julia-pushkina [17]

Answer:

b. cultural relativism

Explanation:

Cultural relativism refers to the ideology that what applies to current situation do not necessarily apply to another situation also.

As in the given instance the Shangrilah Sandals make grease payments in their own country as it is a developing country, but do not practice the same in another country called US as it is a developed country.

As the income of people in that country is high they do not believe in taking or accepting grease payments.

Thus, the correct option is:

b. cultural relativism

4 0
3 years ago
The bonds issued by Stainless Tubs bear an 8 percent coupon, payable semiannually. The bonds mature in 11 years and have a $1,00
GenaCL600 [577]

Answer:

8.69%

Explanation:

Face value (FV)=$ 1,000.00

Coupon rate=8.00%

Interest per period (PMT) =$30.00

Bond price (PV)=$ 952.00

Number of years to maturity 11

Number of compounding periods till maturity (N)                                                  22

Bond Yield to maturity RATE(NPER,PMT,PV,FV)*2 = 8.69 %

4 0
3 years ago
(lavilla) lavilla is a village in the italian alps. given its enormous popularity among swiss, german, austrian, and italian ski
bonufazy [111]

The answer is <u>"120 skiers per day".</u>

On average, 1,200 skiers in the village

On average, skiers stay in lavilla for 10 days

how many new skiers are arriving = ?

Applying Little's Law,

Flow Rate = Inventory / Flow Time

= 1200 skiers / 10 days

= 120 skiers per day


4 0
3 years ago
Liz meija is employed as a social worker in a host setting. she is most likely employed in a(n) ______.
olga_2 [115]
Liz Meija is emplayed as a social worker in a host setting. She is mosy likly employed in an agency.
8 0
3 years ago
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