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JulijaS [17]
3 years ago
10

You deposit $1,900 into an account that pays 3% per year. Your plan is to withdraw this amount at the end of 5 years to use for

a down payment on a new car. How much will you be able to withdraw at the end of 5 years
Business
1 answer:
arsen [322]3 years ago
7 0

Answer:

$2202.62

Explanation:

Future value = amount x ( 1 + interest rate)^n

$1900(1.03)^5 = $2202.62

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____ emphasized designing and managing organization on an impersonal, rational basis through such elements as clearly defined au
AURORKA [14]

Answer:

bureaucratic organizations

Explanation:

Bureaucratic organizations -

It is a form of management with a pyramidal command structure , it is a very organized form of management , having formality , is known as bureaucratic organisations .

They are the one with high efficiency with strict control and command .

hence ,

The correct term for the given statement is  bureaucratic organizations .

7 0
3 years ago
Describe the slope of the demand curve? How does the slope reflect the law of demand?
AnnZ [28]

Answer:

<u></u>

  • <u>1. The slope is negative</u>
  • <u>2. The demand decreases when the prices increase.</u>

Explanation:

<em>Describe the slope of the demand curve?</em>

<em>The slope of the demand curve</em> is negative.

The demand curve is graphed on a coordinate plane with the price in the horizontal axis (typically the x-axis) and the demand on the vertical axis (y-axis).

Thus, the slope will be the rate of change of the demand over the change on the price.

Mathematically:

           slope=\dfrac{\text{change in demand}}{\text{change in price}}

Since, as you move from left to right, on the x-axis, the prices increase, and the demand (on the y-axis) lowers, the change in demand is negative and the change in the prices is positive, resulting in a negative slope.

This is seen graphycally because the demand curve is decreasing (downward-sloping).

<em>How does the slope reflect the law of demand?</em>

The slope reflects perfectly <em>the law of demand</em> because the law of demand states that, since the resources are scarce, when the prices incrases the quantities demanded decrease.

8 0
3 years ago
At the end of 2021, Worthy Co.’s balance for Accounts Receivable is $11,000, while the company’s total assets equal $1,410,000.
erastovalidia [21]

Answer:Worthy journal $

Date

March 14, 2022

Bad debt Dr 2600

Receivable Cr 2600

Narration. Record of receivables written off to income account on account becoming unrecoverable.

Explanation:

The direct method of written off bad debts do not make provision for estimate of receivables that are likely to go bad in which the estimate is recognised as debit to income statement and the corresponding credit entry is used to reduce the receivables, with adjustment been made at the year end for variances.

In the direct method the actual bad debts is debited in the income s statement and credited to the receivables accounts.

6 0
3 years ago
Your firm has net income of $245 on total sales of $1,080. Costs are $610 and depreciation is $120. The tax rate is 30 percent.
RSB [31]

Answer:

the operating cash flow is $365

Explanation:

the computation of the operating cash flow is shown below:

operating cash flow is

= Net income + depreciation expense

=  $245 + $120

= $365

hence, the operating cash flow is $365

We simply added the net income and the depreciation expense to determine the operating cash flow  

3 0
2 years ago
If the Fed purchases government securities from a commercial bank, which of the following will happen?a.The Fed will increase th
solniwko [45]

Answer:

The correct answer is letter "E": "A" and "B".

Explanation:

In order to accomplish its monetary policy, the Federal Reserve (<em>Fed</em>) buys and sells securities in the open market to control the money supply. If there is more money supply in the open market, loan rates will decrease allowing investors to access more capital. At the same time, the Fed reserves and assets will increment.

3 0
3 years ago
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