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MArishka [77]
3 years ago
12

Ormondo inherited $7,000. He would like to invest all the money to use for his daughter's college in 10 years. If he invests $7,

000 at 6.75% for a 10-year period, how much interest will he have earned?
Business
1 answer:
Verizon [17]3 years ago
8 0
If interest computation is based solely on the invested amount of $7,000.00, interest per year is $472.50. For 10 years, the daughter will earn a total of $4,725.00 interest on top of the invested amount. But if interest is compounded annually, then the total interest at the end of 10 years would be $6,451.69.


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Which of the following is a reason to purchase bonds
Anna11 [10]

To receive a specific reliable return on your investment.

It is a specific return because it is pre-set and you know what you can expect to get up front. It is reliable because bonds are low risk and generally safe investments.

Low risk/low reward.

5 0
4 years ago
A company that is looking at customer trends, its competitors, and the economy to see if there are any threats or opportuntities
Vesna [10]

Answer: A company that is looking at customer trends, its competitors, and the economy to see if there are any threats or opportuntities on the horizon, and also examines its production policies and sales histories to determine its strengths and weaknesses, is conducting a <u>SWOT analysis.</u>

Explanation:

SWOT is basically the acronym for; Strengths, Weaknesses, Opportunities, and Threats. It is a very effective tool used in the business industry to form strategies. You summarized the data from internal factors to discover your strengths and weaknesses. You use the external factors to identify the threats and opportunities.

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8 0
3 years ago
Use the Growth Rates of Sequences Theorem to find the limit of the following sequence or state that they diverge. {eq}{n^{16}/(\
Elan Coil [88]

Answer:

The sequence diverges ( B )

Explanation:

\frac{n^{16} }{(In n)^{32} }

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5 0
4 years ago
The following transactions occurred during a recent year:
Natasha_Volkova [10]

The Company's preliminary Net Income can be determined as $575.

Preliminary net income = Total Revenue - Total Expenses

= $575 ($4,230 - $3,655)

Revenue:

d. Sales Revenue      $680

f. Service Revenue $2,870

i. Service Revenue    $680

Total Revenue      $4,230

Expenses:

a. Wages Expense       $1,700

e. Utilities Expense     $1,360

h. Travel Expense           $115

k. Advertising Expense $480

Total Expenses         $3,655

Thus, the company generated a preliminary net income of $575 for the period.

Learn more about determining net income at brainly.com/question/19850768

6 0
3 years ago
During July, the Jamal Company incurred factory overhead a follows: utilities cost $6,500; accumulated depreciation, $2,500; and
Gala2k [10]

Answer:

A.

Factory Overhead, $12,600 Dr.

Utilities Payable, $6,500 Cr.

Accumulated Depreciation, $2,500 Cr.

Wages Payable, $3,600 Cr.

Explanation:

All the given Expense are classified as the factor overhead and They are accumulated in a single account of factory overhead. Utilities are classified as factory overhead as it is not directed attributable to a specific single product or department. Depreciation is also considered as an overhead due to its nature of expense. Wages are also treated in the same way. All they expenses are added together to be charged in a single head of Factory overhead by $12,600.

6 0
3 years ago
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