1. Which of the following statements is false?

Newman Finley wishes to become a millionaire. His money market fund has a balance of $296,375 and has a guaranteed interest rate

Rus_ich [418]

Answer:

Investment period = 24 years

Explanation:

The total amount that an investment made today would become if invested at a particular rate for certain number of years is known as the future value.

The $1,200,000 is the desired future value, the $296, 375 is the present value and the 6% is the interest rate.

FV = PV × (1+r)^n

1,200,000 = 296,375 × (1.06)^(n)

(1.06)^(n) = 1200000/96,375

(1.06)^(n) =4.048924504

find the log of both sides

n log 1.06= log 4.048924504

n= log 4.048924504/log 1.06

n = 24

It will take 24 years

3 0

3 years ago

Delta Manufacturing has budgeted the following unit sales: 2019 Units April 25,000 May 40,000 June 60,000 July 45,000 Of the uni

Greeley [361]

Answer:

The budgeted sales for coastal division for second quarter 2019 is $750,000

The budgeted sales for central division for second quarter 2019 is $900,000

Explanation:

Coastal division sales budget for the second quarter 2019

Months Quantity sold price total revenue

April 25,000*40%=10,000 $15 $150,000

May 40,000*40%=16000 $15 $240,000

June 60,000*40%=24000 $15 $360,000

Total coastal division budgeted sales for second quarter $750,000

Central division sales budget for the second quarter 2019

Months Quantity sold price total revenue

April 25,000*60%=15,000 $12 $180,000

May 40,000*60%=24,000 $12 $288,000

June 60,000*60%=36,000 $12 $432,000

Total coastal division budgeted sales for second quarter $900,000

8 0

4 years ago

Read 2 more answers

All of the following are expenses associated with home ownership that should be planned for early in the process except

grandymaker [24]

Mortgage payments are expenses associated with home ownership

7 0

3 years ago

You buy a seven-year bond that has a 6.50% current yield and a 6.50% coupon (paid annually). In one year, promised yields to mat

Harlamova29_29 [7]

The current yield and annual coupon rate of 6.50% show that the bond price was at par a year ago.

The givens are FV=1,000, n= 6, PMT = 65.00, and i= 7.50 so with this we know that the selling price this year is $953.06.

So the holding period return is $1,000+$953.06+$65.00

$1,000=0.0181=1.81%

Hope this helps, now you know the answer and how to do it. HAVE A BLESSED AND WONDERFUL DAY! As well as a great rest of Black History Month! :-)

- Cutiepatutie ☺❀❤

7 0

4 years ago

To what extent might the slow service be a source of employee irritation and dissatisfaction

harkovskaia [24]

Answer:

Slow service can be an extension and source of employee irritation and dissatisfaction. In any business, you rely on employees to perform simultaneous tasks. It is a team effort. Good management usually incentives good work. As a result, when you have an employee or a cluster of employees that are not satisfied the service will more likely be poor. For example, a fast-food restaurant may have two employees that are dissatisfied with the manager. These employees will look for any distraction and will abuse breaks and so forth. The attention to detail will be minimized and items on the menu will be missing something. Finally, the business will suffer in the long run. Customers will complain and the food will have to be prioritized. Customers will leave if it is taking too long. As a team, when one or two slack off the entire team suffers. Think of a football game if two players decide to try and make all the points and fail in doing so. They have jeopardized the potential of winning or producing.

Explanation:

8 0

3 years ago