Discuss the elements of UX in relation to company strategy

On January 1, Alan King decided to deposit $ 58,800 in a savings account that will provide funds four years later to send his so

s344n2d4d5 [400]

The amount 'a' available after 'n' years of a sum 'p' saved now at a rate of interest 'r' is

a= p(1+r)^n

For our case a = 58,800 (1+0.08)^4 = 58,800 x 1.36 = 79,997.

2.

The journal entry to be made on January 1 is

Date Account Debit Credit

Jan.1 Deposit account 58,800

Cash 58,800

(To record deposit made in a savings account)

3. Total interest for four years = Amount available after four years - Initial deposit = $79,997 - $58,800 = $21,297

Interest is the financial charge for the privilege of borrowing money, usually expressed as an annual percentage rate (APR). Interest is the amount of money a lender or financial institution receives for lending out money.

An Interest rate tells you how high the cost of borrowing is, or excessive the rewards are for saving. So, if you're a borrower, the interest rate is the amount you're charged for borrowing money, shown as a percentage of the total amount of the loan.

learn more about interest rates here brainly.com/question/25793394

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4 0

2 years ago

Karyn is a second-year college student. the job market in her field has not been very good in recent years, and she is very conc

valentinak56 [21]

Worry i hope this helps u out :)

4 0

3 years ago

A person who, for compensation and on behalf of another person, can transact insurance with, but not on behalf of an insurance c

Marat540 [252]

Answer: Insurance broker

Explanation:

An insurance broker is an individual/organization that is hired by their client to help them buy the best insurance coverage available, from an insurance company.

The insurance broker also has the function of giving their clients insurance advice and also negotiating terms of insurance on behalf of their clients with the insurance company.

3 0

3 years ago

The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this

Alborosie

Answer:

Nominal variable - Price of a donut is $3.00 in 2008

Real variable- Price of a magazine is 3 donuts in 2008.

Explanation:

In 2008 the price of a magazine was $9.00. While the price of a donut was $3.00. Deborah's income was $27.00 per hour.

Nominal variable's are those which are expressed in terms of money. While, real variables are those variables which are expressed in terms of other goods or services.

The nominal variables will include:

a. The price of a donut is $3.00 in 2008.

The other two options are not nominal variables as they are expressed in terms of the other variable.

The following variables give us the real value of a variable:

b. The price of a magazine is 3 donuts in 2008.

Deborah's wage and price of a magazine are both nominal variables. They are not expressed in terms of any other variable.

In 2013, Deborah's wage is $54.00. The price of a magazine is $18.00 and price of a donut is $6.00.

Relative price is the price price of a good expressed in terms of the other good. The price of magazine in 2013 is $18.00. While, price of donut is $6.00.

$Relative price = \frac{Price of a magazine}{Price of a donut} \\ = \frac{18}{6}\\ = 3$

Thus, in 2013, the relative price of a magazine is 3 donuts.

As can be seen that from 2008 - 2013, the wage doubles. But at the same time the price of both magazine and donuts also doubles. This can be seen from the relative purchasing power of income. So, between 2008-2013 the nominal value of wage increased and the real value of her wage remained the same.

Monetary neutrality is the proposition that a change in the money supply affects nominal variables and does not affect real variables.

8 0

3 years ago

Performance of Major Investment Classes 1995-2015 U. S. Equities Treasury Bills Government Bonds Corporate Bonds International

vesna_86 [32]

The correct answer is D

4 0

3 years ago