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Reptile [31]
3 years ago
5

You have just deposited $9,000 into an account that promises to pay you an annual interest rate of 6.1 percent each year for the

next 7 years. You will leave the money invested in the account and 15 years from today, you need to have $25,650 in the account. What annual interest rate must you earn over the last 8 years to accomplish this goal
Business
1 answer:
Ann [662]3 years ago
8 0

Answer:

Annual interest rate = 8.23%

Explanation:

The annual interest rate i must have earn over the last 8 years to accomplish this goal is:

= ((25650/(9000*(1+6.1%)^7))^(1/8))-1

= ((25650/(9000*1.513588))^(1/8)) - 1

= ((25650/13622.29)^(1/8) - 1

= 1.882943323038931^(1/8) - 1

= 1.08231743862 - 1

= 0.08231743862

= 8.231743862%

= 8.23%

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QRC Company is trying to decide which one of two alternatives it will accept. The costs and revenues associated with each altern
Goshia [24]

Answer:

$12,500

Explanation:

Differential revenue = Alternative A revenue - Alternative B revenue

Differential revenue = $75,000 - $62,500

Differential revenue = $12,500

Thus, the differential revenue for this decision is $12,500

8 0
2 years ago
Because there is so much unpredictability in all supply chains, companies must use ___ to make supply chain decisions.
algol13

Because there is so much unpredictability in all supply chains, companies must use Supply Chain Management to make supply chain decisions.

<h3 /><h3>Supply Chain Management: What Is It?</h3>
  • All procedures that convert raw materials into finished commodities are included in supply chain management, which controls the movement of both goods and services.
  • Because all supply chains are inherently unpredictable, businesses must employ supply chain management to make decisions about their supply chains.
  • Businesses can reduce unnecessary expenses and deliver goods to customers more quickly and effectively by using supply chain management.
  • Creating a strategy, locating raw materials, production, distribution, and returns are the top five aspects of supply chain management.

Learn more about Supply Chain Management here:

brainly.com/question/14464030

#SPJ4

8 0
2 years ago
Read 2 more answers
Where can you access the sample company - Long For Successful Events?
guajiro [1.7K]

The place where you can access the sample company - Long For Successful Events is through the "icon."

In QuickBooks Online Advanced application.

  • Go to the Settings menu:
  • Then click on the Icon tab.
  • Then follow up by selecting the Sample company.

QuickBooks Online is used for many financial activities of a company, such as managing income and expenses, keeping a record of the finances of business activities.

Hence, in this case, it is concluded that the correct answer is through the company <u>icon</u> in the QuickBooks Online settings.

Learn more here: brainly.com/question/20376246

6 0
2 years ago
On December 30, Year 12, AGH, Inc. purchased a machine from Grant Corp. inexchange for a zero-interest-bearing note requiring ei
andrey2020 [161]

Answer:

$329,840

Explanation:

Calculation to determine the net note payable to Grant

Net note payable to Grant=$70,000 × 4.712

Net note payable to Grant= $329,840

OR

Net note payable to Grant= ($70,000 × 5.712) – $70,000

Net note payable to Grant= $329,840

Therefore On AGH's December 31, 2017 balance sheet, the net note payable to Grant is:$329,840

6 0
3 years ago
Rodriguez Company pays $310,000 for real estate plus $16,430 in closing costs. The real estate consists of land appraised at $21
Sergeeva-Olga [200]

Answer:

Required 1.

Land =  $163,215

Land improvements = $65,286

Buildings =  $97,929

Required 2.

Land  $163,215 (debit)

Land improvements $65,286 (credit)

Buildings $97,929 (credit)

Cash $310,000 (credit)

Explanation:

Allocation of the purchase cost must be made on the bases appraisal value.

Total Appraisal Value =  $215,000 + $86,000 + $129,000

                                    =  $430,000

Land = $215,000 /  $430,000 × $326,430

        = $163,215

Land improvements =  $86,000 / $430,000 × $326,430

                                 = $65,286

Buildings = $129,000 / $430,000 × $326,430

                = $97,929

6 0
3 years ago
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