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lbvjy [14]
3 years ago
7

Laura says that the present value of $700 to be received one year from today if the interest rate is 6 percent is less than the

present value of $700 to be received two years from today if the interest rate is 3 percent. Cassie says that $700 saved for one year at 6 percent interest has a smaller future value than $700 saved for two years at 3 percent interest.
A) Both Laura and Cassie are correct.
B) Both Laura and Cassie are incorrect.
C) Only Laura is correct.
D) Only Cassie is correct.
Business
1 answer:
Andrews [41]3 years ago
5 0

Answer:

The correct answer is A. Both Laura and Cassie are correct.

Explanation:

Since Laura says that the present value of $ 700 to be received one year from today if the interest rate is 6 percent is less than the present value of $ 700 to be received two years from today if the interest rate is 3 percent, and Cassie says that $ 700 saved for one year at 6 percent interest has a smaller future value than $ 700 saved for two years at 3 percent interest, to determine who is right, the following calculations must be performed:

700 x 1.06 = 742

700 x 1.03 ^ 2 = 742.63

Therefore, both Laura and Cassie are correct in their claims.

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Goodman Auto started the year with total assets of $300,000 and total liabilities of $175,000. During the year, the business rec
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Answer:

The answer is $ 200,000

Explanation:

The net income reported by Goodman Auto for the year was,$475,000 - $275,000 = $ 200,000.

The net income is difference between revenue earned by the company and expenses incurred in order to earn this revenue. In the problem goodman auto revenue is equal to 475,000 and expense are 275,000. So the difference between 475,000 and 275,000 will be reported as net income.

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3 years ago
Senator Bright, who understands economic principles, is trying to convince workers in her district that trade with other countri
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Answer:

b) because it allows specialization, which increases total output

Explanation:

Specialization is when a nation or individual concentrates its productive efforts on producing a limited variety of goods. It oftentimes has to forgo producing other goods and relies on obtaining those other goods through trade.

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3 years ago
A. Is a detailed statement of receipts and expenditures for a period of time in the future
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Answer

A detailed statement of receipts and expenditure for a period of time in the future is called a Budget

Explanation

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3 0
3 years ago
The artisans at Jewelry Junction in Phoenix are preparing to make gold jewelry during a 2-month period for the Christmas season.
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Answer:

The max revenue is "$32,300". The further explanation is described below.

Explanation:

(a)

The composition as well as response of models within 6 rows seems to be as described in the following:  

Maximum 1650B + 850N + 790P (B bracelets, N necklaces and P pins produce overall revenue)  

Yes of course,

The total gold ounces will be:

⇒  6.3B+3.9N+3.1P < = 125

The total labor hours will be:

⇒  17B+10N+7P < = 320

Integers B, N, P will become  

The response for LINDO is:

B=10.0.

N=0  

P=20  

Final Value of Maximization will be:

= 32,300

(b)

  • 10 bracelets, hardly any necklaces as well as 20 pins should always be made by the shop.  
  • These goods utilizing 125 ounces of gold simultaneously,  
  • It would use 310 hours of labor although 10 hours would then stay unused.  

The maximum salary will become:

= $32,300.

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3 years ago
Kings code essay business studies
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