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2 years ago

How can the business sector contribute more positively to the economy

Business

1 answer:

kaheart [24]2 years ago

6 0

Answer:

Small businesses contribute to local economies by bringing growth and innovation to the community in which the business is established. Small businesses also help stimulate economic growth by providing employment opportunities to people who may not be employable by larger corporations.

Explanation:

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Nicole is considering opening a Roth Individual Retirement Account. If she invests into the Roth IRA, determine the amount in th

Mamont248 [21]

The future amount in the account (Roth IRA) is equal to: D. $180,488. 86.

Given the following data:

Principal = $4,291

Interest rate = 2.23%

Time = 30 years

To determine the future amount in the account:

Mathematically, the compound interest for this Roth IRA is given by the formula:

$A = \frac{P(1\;+\;r)^t -1}{r}$

Where:

P is the principal.

r is the interest rate.

t is the number of years.

A is the future amount.

Substituting the given parameters into the formula, we have;

$A = \frac{4291(1\;+\;0.0223)^{30} -1}{0.0223}\\\\A = \frac{4291(1.0223)^{30} -1}{0.0223}\\\\A = \frac{4291(1.93798684094 -1}{0.0223}\\\\A = \frac{4291(0.93798684094)}{0.0223}\\\\A = \frac{4024.901534474}{0.0223}$

A = $180,488.86

Read more on compound interest here: brainly.com/question/25263325

6 0

2 years ago

A student believes that less than 50% of students at his college receive financial aid. A random sample of 120 students was take

den301095 [7]

Answer:

P-value is greater than the significance level, we fail to reject null hypothesis.

Explanation:

Here,

Sample size = n = 120

Sample proportion = p = 0.6500

Population Proportion = $P_{0}$ = 0.5

Level of significance = α = 0.02

Step 1: 

$H_{0}$ : p = 0.5

$H_{1}$ : p < 0.5 (Left tailed test)

Step 2:

The critical vale is = 2.0537

Step 3:

The test statistic is,

z = $\frac{p - p_{0} }{\sqrt{\frac{p_{0} (1-p_{0}) }{n} } }$

Step 5:

Conclusion using critical value: Since the test statistic value is greater than the critical value, we fail to reject null hypothesis.

Step 6:

Conclusion using P-value: Since the P-value is greater than the significance level, we fail to reject the null hypothesis.

3 0

3 years ago

Accounting Equation Shannon Cook is the stockholder and operator of Personality Shine LLC, a motivational consulting business. A

Neporo4naja [7]

Answer:

a. Stockholders' equity as of December 31, 2017: $635,000

b. Stockholders' equity as of December 31, 2018: $524,000

Explanation:

Please find the below for detailed explanation and calculations:

We have the Accounting Equation as: Total Asset = Total Liabilities + Total Equity <=> Total Equity = Total Asset - Total Liabilities

Applying the Accounting Equation to find the Stockholder's Equity at the two point of time require, we have the calculation as below:

* December 31, 2017:

Total Asset = $836,000; Total Liabilities = $201,000

=> Total Stockholder's Equity = $836,000 - $201,000 =$635,000

*December 2018:

Total Asset = $836,000 - $159,000 = $677,000; Total Liabilities = $201,000 - $48,000 = $153,000

=> Total Stockholder's equity = $677,000 - $153,000 = $524,000

3 0

3 years ago

Jessica’s Office Supply, Inc., had 300 calculators on hand at January 1, 2017, costing $16 each. Purchases and sales of calculat

otez555 [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Jessica’s Office Supply, Inc., had 300 calculators on hand on January 1, 2017, costing $16 each.

Purchases and sales of calculators during January were as follows:

January 12: 200 units for $25

J 14: 150 for $17

J 29: 100 for $18

J 30: 150 for $30

According to a physical count, 200 calculators were on hand on January 31, 2017.

FIFO:

Inventory= 150*30 + 50*18= $5,400

COGS= 300*16 + 200*25 + 150*17 + 50*18= $13,250

LIFO:

Inventory= 200*16= $3,200

COGS= 150*30 + 100*18 + 150*17 + 200*25 + 100*16= 15,450

Average cost method:

Average cost= (16 + 25 + 17 + 18 + 30)/5= 21.2

Inventory= 21.2*200= $4,240

COGS= 21.2* 700= $14,840

8 0

3 years ago

The fed currently focuses monetary policy on the

kupik [55]

The fed currently focuses monetary policy on the ; Federal funds rate

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3 years ago

How can the business sector contribute more positively to the economy​

How can the business sector contribute more positively to the economy