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seraphim [82]
3 years ago
11

Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $1

50,000 4-years from now. How much must Shane deposit to accomplish his goal
Business
1 answer:
masya89 [10]3 years ago
4 0

Answer:

Amount deposit = $118,411.4 (Approx.)

Explanation:

Given:

Future amount = $150,000

Rate of interest = 6% compounds semiannual

Number of year = 4 year

Find:

Amount deposit

Computation:

Compounds semiannual

So,

Rate of interest = 6% / 2 = 0.03

Time taken = 4 x 2 = 8 times

So,

A = P[1+r]ⁿ

150,000 = p[1+0.03]⁸

150,000 = p[1.03]⁸

150,000 = p[1.26677]

p = 150,000 / 1.26677

p = 118,411.393

Amount deposit = $118,411.4 (Approx.)

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The predicted 2017 costs for Gamma Motors are as follows: Manufacturing Costs Selling and Administrative Costs Variable $250,000
maks197457 [2]

Answer: 200%

Explanation:

First find the return required.

= 10% of total assets

= 10% * 5,000,000

= $500,000

The total manufacturing costs are:

= 250,000 + 450,000

= $700,000

We need to know the amount to increase the manufacturing costs by so that it covers both the desired return and the admin costs:

= (Desired return + Admin costs) / Manufacturing costs * 100%

= (500,000 + 600,000 + 300,000) / 700,000 * 100%

= 200%

7 0
3 years ago
Canopy services paid k. Canopy, the sole shareholder of canopy services, $5,700 in dividends during the current year. The entry
stepan [7]

The entry to close the dividends account at the end of the year:

It is given that Canopy services paid k. Canopy, the sole shareholder of canopy services, $5,700 in dividends during the current year. The entry to close the dividends account at the end of the year shall be as follows:


Dec. 31, Year;

Retained earnings Debit  $5,700

Dividends              Credit                $5,700

(Being dividends closed to retained earnings)




7 0
3 years ago
Read 2 more answers
Systems such as PRIZM provide companies with lifestyle and demographic information about neighborhoods throughout the United Sta
Natali [406]

Answer:

Letter b is correct. Geodemographic segmentation.

Explanation:

Geodemographic segmentation is characterized as data collection methods for classifying localities and neighborhoods in order to find possible patterns of behavior and similar demographic, social and economic characteristics among individuals residing in particular locations.

This segmentation method helps companies align their marketing and economic strategies with the potential characteristics of a particular location, so it is possible that there is an analysis and strategic planning to be more effective and focused on a region's consumer profile, consumption habits, purchasing power, competition and other factors that influence the achievement of organizational success.

5 0
3 years ago
Suppose the equilibrium price of a pound of potatoes in all U.S. states is initially $1.20. Further, suppose there is an increas
Rudik [331]

Answer:

A) The West Virginia potato supply curve will shift rightwards.

Explanation:

When the demand for potato increase its prices will go upwards. All the U.S. states have high demand for potato except West Virginia. The West Virginia will have increased supply because the demand is lower which will cause the price to be lower. The supply curve will shift rightwards because of law of one price.

7 0
3 years ago
What's the estimated length of a wall that has 31 studs 16 inches on center?
devlian [24]

Answer:

480 inches (40 feet)

Explanation:

Studs are boards placed on walls so as to support the walls. Studs are used in framing the wall and they are vertical.

Studs are usually spaced on walls with wall framing at either 16 inches on center, 19 inches on center or 24 inches on centers.

Given that on center spacing = 16 inches, number of studs = 31

The length of the wall is given by the formula:

number of studs = (length of wall in inches / on center spacing in inches) + 1

Length of wall (inches) = (number of studs - 1) * on center spacing

hence:

Length of wall (inches) = (31 - 1) * 16 inches = 480 inches

Length of wall = 480 inches = 40 feet

8 0
3 years ago
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