Answer:
The answer is option A). $6,710.60
Explanation:
The total amount Al miler will need to invest at the beginning to have the money in 15 years is known as the principal amount.
The formula for calculating the total amount after 15 years with interest compounded semiannually is as follows;
A = P (1 + r/n) (nt)
where;
A = the future value of the initial investment
P = initial investment amount/principal amount
r = the annual interest rate
n = the number of times that interest is compounded per unit t
t = the time the money is invested for
In our case;
A=$29,000
P=p
r=10/100=0.1
n=interest is compounded semiannually which is twice a year=2
t=15 years
Replacing values in the formula;
29,000=p(1+0.1/2)^(2×15)
29,000=p(1+0.05)^30
29,000=4.322 p
p=29,000/4.322
p=$6,710
Al must invest $6,710 for him to have enough money for the new equipment in 15 years
According to my observation, The shareholder meeting was scheduled to discuss the issue of increasing the limit of minimum wage per hour for the employees. It is different from other shareholders' meetings has it was only conducted to improve the strong market value of the shares.
Explanation:
The employees of the Wal-Mart organization pinpointed their issue to the higher level hierarchy level management. They addressed the issue of about demanding the larger ceiling for the minimum wage up to $15 per hour. It was fixed as $10 per hour for the employees.
The management also realized the need to ensure economic support for the common employees. So they conveyed the decision of increasing the minimum support wages up to $15 per day in shareholders' meetings held recently. So it was considered as the different one from other held meetings.
Apart from searching for the solution of issues from the shareholders' perspective, The meetings were mainly conducted to finalize the decision of increasing the minimum wage support.
Organizational strengths will come to represent competitive advantages when they are marshaled in a way that allows them to become genuine strategic assets.
<h3>What are competitive advantages?</h3>
Competitive advantages refer to when the strengths that the organization has are used in such a way that they become genuine strategic assets.
It is these competitive advantages that will allow a company to be more successful in business because they will be able to use them to sell more than their competitors.
Find out more on competitive advantage at brainly.com/question/26514848
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Answer:
To be able to charge more due to fees and interest.
Explanation:
I believe this is the answer because the aim of a business is to gain as much profit as possible and to provide quality products. So by allowing customers to use credit cards, you are gaining more money from charging fees and interest.
