1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
oksano4ka [1.4K]
2 years ago
14

I collect baseball cards. I do not sell any cards and I let my collection grow. The number of cards in my collection grows at 5%

per year. How long will it take for my collection of cards to double in quantity?
Business
1 answer:
Elena L [17]2 years ago
7 0

Answer: 14.4 years

Explanation:

You can use the Rule of 72 to find out.

The Rule of 72 is a very useful formula that shows the amount of time it would take an amount to double given a certain growth rate.

The formula is:

= 72 / Growth rate in whole numbers

= 72 / 5

= 14.4 years

Approximately 14.4 years

You might be interested in
You have been asked to appraise the market value of a three-bedroom house with two bathrooms that is going to be sold tomorrow.
Vladimir [108]

Answer: $252,000

Explanation:

Property worth $275,000, 4 weeks ago had 3 bedrooms and 3 bathrooms.

House to be appraised has 3 bedrooms and 2 bathrooms meaning it has one less bathroom than the other house.

Value of bathroom is $15,000 so;

= 275,000 - 15,000

= $260,000

House to be appraised was worth $260,000 4 weeks ago.

Prices have been reducing at $2,000 per week for four weeks.

= 2,000 * 4

= 8,000

Value of house = 260,000 - 8,000

= $252,000

3 0
3 years ago
In 2019, Whispering Winds Corp. had net sales of $973,000 and cost of goods sold of $570,900. Operating expenses were $220,300,
tester [92]

Answer:

Whispering Winds Gross profit is $402,100

Explanation:

Multi step income statement differentiate the the operating revenue and expenses from non operating revenue and expenses. It shows the gross profit, operating profit and net profit separately.

     Whispering Winds Corp.

 Income statement for the year 2019

Net sales                               $973,000

Less: Cost of goods sold     <u>$570,900</u>

Gross Profit                                            $402,100

Less:Operating expenses                     <u>$220,300</u>

Operating Profit                                     $181,800

Less: Interest expense                          <u>$14,600  </u>

Profit before Tax                                    $167,200

7 0
3 years ago
Give the meaning and nature of Foreign direct Investmen.​
Inessa [10]

Answer:

foreign direct investment (FDI) is an investment made by a firm or individual in one country into business interests located in another country. ... However, FDIs are distinguished from portfolio investments in which an investor merely purchases equities of foreign-based companies

6 0
3 years ago
Which of the following is a person who authorized an agent to act on his or her behalf ​
lina2011 [118]

Answer:

Principal

Explanation:

A power of attorney (POA) is a legal document giving one person (the agent or attorney-in-fact) the power to act for another person (the principal).

8 0
2 years ago
Which of the following individual situations typically leads to increased income needs, reduced risk tolerance, and greater need
bazaltina [42]

Answer:

The correct answer is option C) Responsibility for others

Explanation:

Being responsible for the financial needs for others is one of the biggest factors that leads the individual towards increased income, reduced risk and increases future financial protection.

They have to pay for not only themselves, but others too, most commonly their family. Therefore, they think of investing in assets that have a high profit return and low risk of failure such as buying a property for future purposes or looking for a job that has more long term privileges.

4 0
2 years ago
Other questions:
  • What do you call that carbon copy paper where what you write on the top sheet transfers to the other sheets?
    7·1 answer
  • Pedro owns a 50% interest in a limited partnership that operates an apartment complex. During the current year, the partnership
    10·1 answer
  • Guys i am new in brainlee can anyone explain me about brainlee
    11·1 answer
  • Can occur when the price leadership model breaks down
    5·1 answer
  • The largest asset class on u.s. commercial banks' balance sheet as of september 30, 2012 was
    15·1 answer
  • HELP ASAP!! The question is “add your income from lines 1-5 and add it here since lines 2-5 dont apply to you your total income
    8·1 answer
  • Second-Stage Allocation [LO7-4]
    15·1 answer
  • McLaughlin borrowed her roommate's car just to take her mother to the hospital. While delivering her mother at the hospital, McL
    7·1 answer
  • Link Co. purchased machinery that cost $3,000,000 on January 4, 2019. The entire cost was recorded as an expense. The machinery
    7·1 answer
  • The economics discipline focuses on understanding trade-offs in decision making.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!