The accumulated value be $7212.10 2 years after the change.
Calculation
FV = PV × (1 + r / k) 
(here k = no. of times compounded in a year)
so, in first case
FV = 6000 × (1 + 2.5%/ 2)
= $6793.62
The FV becomes PV in the second case
So, FV = 6793.62 × (1 + 3%/ 4)
= $7212.10
<h3>What is
accumulated value?</h3>
The sum of an investment's present holdings, including the money invested and interest accrued thus far, is known as its accumulative value. Because it refers to the whole acquired value of a whole life insurance policy, the accumulative value is significant in the insurance industry. Accumulated value, also known as accumulated amount or cash value, is determined by adding the initial investment and any interest that has already been accrued.
When the owner of a whole (or universal) life insurance policy starts making monthly premium payments, the accumulated value of the policy starts to increase for insurance reasons. These premium payments are divided into two halves by an insurance company. The first part pays for the costs of the fundamental insurance coverage. The insurance company places the second share in an internal account where it serves as a form of investment that builds cash value.
Learn more about accumulative value
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Answer:
b. Production exceeds sales for that period.
Explanation:
This is said to be calculated or gotten from Earnings Before Interest And Taxes(EBIT). This is generally referred to as EBIT. They are returns from investments made in real estate or other forms of investments in a company that is gathered after all taxes and also other interests.
In arithmetic calculations it is done by calculating gross revenue from sales and services and also labour that was been involved. Remove the cost of goods sold, then add expenses from utilities, rent etc.
The answer is all of the above.
Explanation:
Using Frederick Taylor's principles of scientific management McDonald's entire staff activities would be planned, coordinated, and controlled under continuous direction of a supervisor or expert.
The line of authority using the Max Weber's hierarchical structure for McDonald's activities would be marked by;
- Specialization of labor: placing the skilled person on the job.
- A formal set of rules and regulations,
- A well-defined hierarchy within the organization,
- Impersonality in the application of rules: by treating all employees equally.
- Employment-based on Technical Qualifications: McDonald employs only the qualified to do the job.
Henri Fayol's administrative principles should result in;
- Division of work in McDonald,
- Delegation of authority and responsibility,
- Discipline of wanting employees,
- Unity of Command,
- Unity of Direction,
- Subordination of individual interest to general interest,
- <em>Good remuneration of McDonald's staff.</em>
Answer:
Her regular gross pay is $360
Explanation:
Regular gross pay is that pay which the person earn on daily basis or it is a fixed amount which he gets after completing a month.
In the question, we have to find out the regular gross pay which includes the daily earning of a person
So, her regular gross pay is equal to
= number of hours × rate per hour
= 40 × $9
= $360
We don't include overtime wages as it is not included in regular gross pay. So, it is ignored.
Hence, her regular gross pay is $360
