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
notsponge [240]
3 years ago
13

You need to have $32,250 in 9 years. You can earn an annual interest rate of 4 percent for the first 5 years, and 4.6 percent fo

r the next 4 years. How much do you have to deposit today? A. 23341.12 B. 20769.78 C. 22142.99 D. 24936.86
Business
1 answer:
baherus [9]3 years ago
5 0

Answer:

The deposit today is:

C. 22142.99

Explanation:

a) Data and Calculations:

Future expected value = $32,250

Time period = 9 months

Annual interest rate = 4% for the first 5 years

Annual interest rate = 4.6% for the next 4 years

Today's deposit to earn the above future value is calculated from an online financial calculator as follows:

N (# of periods)  5

I/Y (Interest per year)  4

PMT (Periodic Payment)  0

FV (Future Value)  26940.33

Results

PV = $22,142.99

Total Interest $4,797.34

N (# of periods)  4

I/Y (Interest per year)  4.6

PMT (Periodic Payment)  0

FV (Future Value)  32250

PV = $26,940.33

Total Interest $5,309.67

You might be interested in
Your family owns a small construction company, CopperBuild, that builds custom homes for an upscale architectural firm. Your two
beks73 [17]

Answer:

All the statements apply

Explanation:

1. Avoid mere mechanical descriptions.

This statement applies because it is an architectural proposal, thus, it should include aesthetic descriptions.

2. Emphasize the benefits to the recipient.

The proposal should include the ways CopperBuild would benefit the investors of the shopping center, from an architectural, and financial point of view.

3. Detail your expertise and accomplishments.

CopperBuild should add a few pages highlighting the firm's past experience, this in order to obtain more credibility.

4. Proposals are sales presentations.

This is a good analogy because what CopperBuild is doing by means of the proposal is selling "itself" (its experience, credibility, prestige) to the investors in order to get the contract.

7 0
3 years ago
5. A raise in the price of a product causes _____. a decrease in supply an increase in demand an increase in competition a decre
grigory [225]

Answer:

d

Explanation:

a decrease in competition

6 0
2 years ago
Power given to people because of their superior knowledge about the work is Your answer: a- identity power b-expert power c-rewa
frozen [14]
<span>Power given to people because of their superior knowledge about the work is B. expert power.
Experts are people who have superior knowledge of a subject when compared to other people. So if someone thinks that your knowledge about something is greater than that of someone else's, your boss may give you more power than other employees. 
</span>
4 0
3 years ago
An important application of regression analysis in accounting is in the estimation of cost. By collecting data on volume and cos
gulaghasi [49]

Answer:

(1) \text{Total Cost}=1246.67+7.60\ \text{Volume}

(2) The variable cost per unit produced is $7.60.

(3) The coefficient of determination is 0.96 or 96%.

(4) The estimated total cost is $5,046.67.

Explanation:

A regression analysis for the provided data is performed on Microsoft Excel.

The output is attached below.

(1)

The estimated regression equation that could be used to predict the total cost for a given production volume is:

\text{Total Cost}=1246.67+7.60\ \text{Volume}

(2)

The variable cost per unit produced is given by the slope of the line.

The slope of a regression line represent the value of the dependent variable for one unit of the independent variable.

So, the variable cost per unit produced is $7.60.

(3)

Consider the regression output attached.

The coefficient of determination is 0.96 or 96%.

This implies that the percentage of the variation in total cost that can be explained by production volume is 96%.

(4)

For Volume = 500 units predict the total cost as follows:

\text{Total Cost}=1246.67+7.60\ \text{Volume}

                 =1246.67+(7.60\times 500)\\\\=1246.67+3800\\\\=5046.67

Thus, the estimated total cost is $5,046.67.

4 0
3 years ago
Imagine you are a manager for a local restaurant. One of your customers asks to speak with
atroni [7]

As a proficient customer service professional, the first step to take in such a situation is to first apologize in the kindest way possible to the customer. It would give the customer comfort to know that the server is corrected immediately while taking charge of the clients order.

<h3>What procedure is outlined above?</h3>

The above procedure is known as conflict resolution under customer care service.

One additional step maybe to keep the costumer company and ensure that they are happy before they leave.

Learn more about customer service at;
brainly.com/question/1286522
#SPJ1

8 0
1 year ago
Other questions:
  • During the month of july, clanton industries issued a check in the amount of $845 to a supplier on account. the check did not cl
    15·2 answers
  • PC​ Solutions, Inc. provides services to corporate and individual customers. During the month of​ June, the corporate business s
    6·1 answer
  • Is 6ixnine getting out of jail this year?
    7·2 answers
  • Goodman Company's inventory records show the following data: Units 5,000 4,500 3,000 Unit Cost $9.00 8.20 7.00 Inventory, Januar
    10·1 answer
  • यासकी-चान को अपने बेड़ पर चढ़ाने के लिए तोत्तो-चान ने अथक प्रयास
    12·1 answer
  • Analysis of Receivables Method At the end of the current year, Accounts Receivable has a balance of $420,000; Allowance for Doub
    12·1 answer
  • A company that sends email advertising messages to millions of individuals without their permission violates?
    6·2 answers
  • Suppose that when the price of gasoline is $3.50 per gallon, the total amount of gasoline purchased in the United States is 6 mi
    9·1 answer
  • Which form of promotion is most suitable to promote complex and technical products such as automobiles, computers, and investmen
    7·1 answer
  • your firm is contemplating the purchase of a new $545,000 computer-based order entry system. the system will be depreciated stra
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!