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emmasim [6.3K]
3 years ago
10

Assume Sheryl Jenkins wants to accumulate $ 13,241.39 in two years. She currently has $ 10,621.36 to invest. What interest rate

must she earn on her investment (that is, if she deposits $ 10,621.36 today) to have $ 13,241.39 exactly two years from today?
Business
1 answer:
WITCHER [35]3 years ago
8 0

Answer: 11.65%

Explanation:

The $13,241.39 is a future value amount as it is what is to be accumulated in 2 years.

Future value formula therefore applies:

Future value = Current value * ( 1 + interest rate) ^ no. of years

13,241.39 = 10,621.36 * ( 1 + i) ²

(1 + i)² = 13,241.39 / 10,621.36

(1 + i)² = 1.24667556697

1 + i = √1.24667556697

i = 1.116546267 - 1

i = 11.65%

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Career question easy below :)
rewona [7]

Answer:

I think the answer is D

Explanation:

6 0
3 years ago
Suppose that in a monopoly market the total cost per week of producing a high tech product is given by C(x) =3600+100x+2x^2.
vazorg [7]

Answer:

10 units;

50 units.

Explanation:

The revenue function is given by the price function multiplied by the number of units sold (x).

R(x) = x*p(x)=500x-2x^2

The break even point occurs when Revenue equals costs:

C(x) =R(x)\\3600+100x+2x^2=500x-2x^2\\4x^2-400x+3600 = 0\\x^2-100x+900=0\\x=\frac{100\pm \sqrt{100^2-(4*900)}}{2}\\x_1=10\\x_2=90

Therefore, the smallest number of units required for the company to break even is 10 units.

Maximum profit will be achieved at that number of units for which the derivate of the profit function is zero:

P(x)=R(x) - C(x) \\P(x)=3600+100x+2x^2-(500x-2x^2)\\\frac{dP(x)}{dx}=0=8x-400\\x=50

The number of units that will give maximum profit is 50.

3 0
3 years ago
Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 10 years because the
ivolga24 [154]

Answer:

$44.12

Explanation:

For computing the current share price first we have to determine the price of the stock which is shown below:

Price of the stock = Next year dividend ÷ (Required rate of return - growth rate)

where,

Next year dividend equal to

= $12.25 + $12.25 × 5.25%

= $12.25 + 0.643125

= $12.893125

So, the price of the stock is

= $12.89 ÷ (13.25% - 5.25%)

= $12.89 ÷ 8%

= $161.1640625

Now the current share price is

= Present value of the dividend + present value of the price of stock

= $12.25 ÷ (1 + 13.25%)^11 +  $161.1640625 ÷ (1 + 13.25%)^11

= $44.12

7 0
3 years ago
The legal contract between the bondholders and the issuer is called the bond ______.
Simora [160]

The legal contract between the bondholders and the issuer is called the bond <u>indenture.</u>

A bond indenture is important as it helps to protect the interest if the stakeholders and also lowers the chance of default.

It should be noted that the indenture list provides the details of a bond. It helps in ensuring transparency. Therefore, the legal contract between the bondholders and the issuer is called the bond indenture.

Read related link on:

brainly.com/question/25562729

4 0
3 years ago
A local coffee shop is hoping to make use of its excess restaurant capacity in the evenings by experimenting with selling beer a
Natasha_Volkova [10]

Answer:

-The forgone revenues that could be earned by renting the coffee shop out for other events during evening hours

- The costs involved with the increased usage of utilities, such as electricity and gas, during evening hours

- Training costs for new and existing employees on beer and wine serving procedures

Explanation:

Cost such as cost of landscaping the lawn outside and the cost of purchasing wine and beer to serve to customers are costs that tend to be incurred from operating the coffee shop, regardless of whether the beer and wine experiment is undertaken which is why these costs are not among the hidden costs of the coffee shop decision.

Therefore any cost which is not taken into account and which as well varies with the consequences of a decision is what we called HIDDEN COST.

Hence Costs such as increased utility usage due to the increased numbers of hours of operation, forgone revenues of renting out the space of the coffee shop and the costs of training new and existing employees in how to serve beer and wine are all costs that is been incurred due to the decision to extend hours and serve beer and wine.

8 0
3 years ago
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