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
cluponka [151]
2 years ago
8

Suppose you are trying to save $20,000 to buy a used boat and you are going to deposit $5,000 today in savings account. The high

er the interest rate _____.
Business
1 answer:
mamaluj [8]2 years ago
4 0

Answer:

The higher the interest rate, the lower the time required.

Explanation:

Giving the following information:

Suppose you are trying to save $20,000 to buy a used boat and you are going to deposit $5,000 today in a savings account.

The higher the interest rate, the lower the time required.

As the money invested and the future value required are fixed, the only variables are the interest rate and the time between deposit and objective.

You might be interested in
Pablo has purchased several items from a gadget store. As the storekeeper bills the items, Pablo realizes that he does not have
Sergeu [11.5K]

Options:

A. Debit card

B. Loyalty card

C. Fleet card

D. Credit card

Answer: D. Credit card

Explanation: A credit card is an electronic payment system which uses cards that are linked to a bank account, this card allows you to make purchases online in order to pay later.

A credit card allows its holders to borrow money from financial institutions with the aim of not exceeding the Financial limits. Financial limits are determined by the issuers of the card based on a person's credit history and amount of minimum savings which are expected.

5 0
3 years ago
Quantitative Problem 1: Hubbard Industries just paid a common dividend, D0, of $1.50. It expects to grow at a constant rate of 2
mr Goodwill [35]

Answer:

The current price of Hubbard's common stock is <u>$25.50</u>.

Explanation:

This can be calculated using the Gordon growth model (GGM) formula that assumes growth is dividend will be constant as follows:

P = D1/(r - g) ............................ (1)

Where,

P = Current stock price = ?

D1 = Next dividend =  D0 * (1 + g) = $1.50 * (1 + 2%) = $1.53

r = required return = 8%, or 0.08

g = growth rate = 2%, or 0.02

Substituting the values into equation (1), we have:

P = $1.53 / (0.08 - 0.02) = $25.50

Therefore, the current price of Hubbard's common stock is <u>$25.50</u>.

7 0
3 years ago
In September, Year 1, West Corp. made a dividend distribution of one right for each of its 120,000 shares ofoutstanding common s
Sphinxa [80]

Answer:

The correct answer is option C.

Explanation:

Dividend distribution in the first year = 120,000 shares of outstanding common stock

Each right was exercisable.

Though none of the rights have been exercised.

The shares have been redeemed by paying each stockholder=$0.10/right

Reduction in the West's stockholder's equity

=Number of shares*amount paid for redemption

=120,000*$.10

=$12,000

So, option C is the right answer.

8 0
2 years ago
Developing countries fall into two categories, moderately developed and less developed. Which of the following is not classified
ozzi

Answer:

Thailand

Explanation:

6 0
3 years ago
Sid has decided to leave his $70,000-a-year landscape design job and open a new kayak business. his insurance cost is expected t
Karo-lina-s [1.5K]

Economic profit refers to the profit earned by deducting the implicit cost and the explicit cost from the total revenue.

Economic Profit = Total revenue - (Explicit cost + Impllicit Cost)

where Total Revenue = $100,000

Explicit Cost = $2000 + ($25000*10%) = $4500

Implicit Cost = $70000 + $10000 = $80000

Economic Profit = $100,000 - ($4,500 + $80,000)

Economic Profit = $100,000 - $84,500

Economic Profit = $15,500

Hence, Sid's Economic Profit is equal to $15,500

4 0
2 years ago
Other questions:
  • At BCD car wash, when a customer arrives, he or she first checks in with a receptionist and then leaves the car to one of severa
    7·1 answer
  • Why do investors need to determine their investment objective before they invest?
    12·1 answer
  • Using PERT, Adam Munson was able to determine that the expected project completion time for the construction of a pleasure yacht
    15·2 answers
  • Which transaction has no effect on owners equity
    13·2 answers
  • Laner Company has the following data for the production and sale of 2,000 units. Sales price per unit $800 per unit Fixed costs:
    8·1 answer
  • Some say, "Pollution is the price of progress? 1. Who in fact pays the price? 2. Explain the moral and the economic issues raise
    14·1 answer
  • Simon Company had the following summarized operations for the month of May: Revenues earned: for cash, $32,000; and on account,
    5·1 answer
  • The Sunland Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rents
    5·1 answer
  • A $1,000 par bond with a semi-annual coupon and 12 years to maturity is currently priced $880 and has a yield to maturity of 5.3
    15·1 answer
  • Bondholders tend to offset the effects of selfish strategies implemented by shareholders by: Multiple Choice increasing the inte
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!