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3 years ago

You have $5,000 invested in a bank that pays 3.8% annually. How long will it take for your funds to triple?

Business

1 answer:

TiliK225 [7]3 years ago

3 0

Using compound interest
5000 x 1.035^32 gives me 15033 which is triple the original value, therefore it’s 32 years

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Acoma Co. has identified one of its cost pools to be quality control and has assigned $140,400 to that pool. Number of inspectio

katrin2010 [14]

Answer:

Acoma Co.

Product 1 Product 2

Quality control cost assigned $58,968 $81,432

Explanation:

a) Data and Calculations:

Cost of quality control = $140,400

Number of annual inspections = 30,000

Cost per inspection = $4.68 ($140,400/30,000)

Product 1 Product 2 Total

Number of inspections 12,600 17,400 30,000

Proportion of inspections 42% 58% 100%

Quality control cost assigned $58,968 $81,432 $140,400

($4.68 * 12,600) ($4.68 * 17,400)

(42% * $140,400) (52% * $140,400)

5 0

3 years ago

A marketing plan refers to:_______

Alex73 [517]

Answer:

e. a road map for the marketing activities of an organization for a specified future time period, such as one year or five years.

Explanation:

A company's marketing plan generally involves specific periods of time, and usually last more than one year, but they aren't long enough to be considered as long term goals (more than 5 years). They follow the company's marketing strategies (long term goals), coordinate marketing activities and set short term goals.

5 0

3 years ago

At the end of the fiscal year, the usual adjusting entry for depreciation on equipment was omitted. Which of the following state

Anton [14]

Answer:

c. Net income will be overstated for the current year.

Explanation:

Depreciation is defined as the reduction in the value of an asset over the period of it's useful life.

The deductions are calculated and taken out of the asset value on the balance sheet.

The adjusting entry for depreciation at the end of year is a debit to Depreciation Expense and a credit to Accumulated depreciation.

If this entry is no passed it means that Depreciation Expense is not recognised for that year.

Net income will be overstated because generally expenses will be understated.

5 0

2 years ago

Why is the automobile industry considered an oligopoly?

aleksandr82 [10.1K]

Answer:

It has significant barriers to entry.

It depends on brand loyalty and image to generate sales.

It is dominated by a few key players.

Explanation: Let me know if it is right

6 0

3 years ago

Read 2 more answers

The nominal exchange rate is A. the difference between the interest rate in one country and the interest rate in another country

Veronika [31]

Answer:

Option (B) is correct.

Explanation:

The nominal exchange rate refers to the rate at which there is a buying and selling of goods and services among the countries. It is the amount of home currency that are needed to purchase a unit of foreign currency.

For example: A resident of India would need 75 Indian rupees to purchase a dollar of United States. Therefore, the nominal exchange rate between the India and the United States is as follows:

1 US dollar = Rs. 75

5 0

3 years ago