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Elina [12.6K]
3 years ago
9

Pronghorn invested $270000 she received from her grandmother today in a fund that is expected to earn 6% per annum. To what amou

nt should the investment grow in five years if interest is compounded semi-annually?
Business
1 answer:
zzz [600]3 years ago
4 0

Answer:

FV= $362,857.42

Explanation:

Giving the following information:

Initial investment (PV)= $270,000

Number of periods (n)= 5*2 = 10 semesters

Interest rate (i)= 0.06/2 = 0.03

<u>To calculate the future value (FV), we need to use the following formula:</u>

<u></u>

FV= PV*(1+i)^n

FV= 270,000*(1.03^10)

FV= $362,857.42

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Suppose the number of people employed (E) is currently 100 and the number unemployed (U) is 10 and the labor force is fixed at 1
artcher [175]

Answer:

9.09% and 5.263%

Explanation:

The computation is shown below:

a. The current rate of unemployment is

= Number of Unemployed people ÷ labor force

= 10 ÷ 110

= 9.09%

b. The natural rate of unemployment is

= Separation rate ÷ Separation rate + finding rate

= 0.01 ÷ 0.01 + 0.18

= 0.01 ÷ 0.19

= 5.263%

These both should be expressed in a percentage forms

4 0
3 years ago
The standard cost of Product B manufactured by Pharrell Company includes 3.6 units of direct materials at $5.90 per unit. During
Harrizon [31]

Answer:

Results are below.

Explanation:

<u>To calculate the direct material price and quantity variance, we need to use the following formulas:</u>

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (5.9 - 5.65)*26,600

Direct material price variance= $6,650 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (7,300*3.6 - 26,600)*5.9

Direct material quantity variance= $1,888 unfavorable

8 0
2 years ago
Allison is the CEO of a large consumer products company. She asks the marketing research department to gather information to hel
Stels [109]
Hi I just wanna want points love you
6 0
3 years ago
On June 1, Crane Company Ltd. borrows $99,000 from Acme Bank on a 6-month, $99,000, 8% note. The note matures on December 1. Cor
azamat

Answer:

Explanation:

The journal entry is shown below:

On June 1

Cash A/c Dr $99,000

    To Notes payable A/c  $99,000

(Being the amount borrowed is recorded)

For recording this transaction, we debited the cash account and credited the notes payable account so that the correct posting can be done

All other information which is given is not relevant. Hence, ignored it

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3 years ago
The ________ adopted an elaborate form of interest arbitration, known as the Experimental Negotiating Agreement, in the 1970s as
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The United steelworkers of America adopted an elaborate form of interest arbitration, known as the Experimental Negotiating Agreement, in the 1970s as a means of avoiding the long and costly strikes that had made the industry vulnerable to foreign competition.

When two or more parties must decide together yet have differing preferences, they try to negotiate a compromise. In order to strike a compromise when you and the other side have both similar and divergent interests, you and the other side must communicate back and forth.

The United Steelworkers is a general trade organization with members all over North America. It represents workers in the steel, paper, rubber, manufacturing, energy, and allied industrial and service sectors.

Learn more about  United steelworkers of America here brainly.com/question/16996777

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