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Vilka [71]
2 years ago
8

Suppose you want to save in order to purchase a new boat. Take the APR to be 4.8%. You want to have $13,000 toward the purchase

of a boat in three years. How much do you need to deposit each month
Business
1 answer:
yan [13]2 years ago
5 0

Answer:

Monthly deposit= $336.46

Explanation:

Giving the following information:

Future Value (FV)= $13,000

Number of periods= 12*3= 36 months

Interest rate= 0.048/12= 0.004

<u>To calculate the monthly deposit, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (13,000*0.004) / [(1.004^36) - 1]

A= $336.46

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If the month-end bank statement shows a balance of $148000, outstanding checks are $48000, a deposit of $17000 was in transit at
kirill115 [55]

Answer:

$119,300

Explanation:

the bank balance must be adjusted by adding the deposit in transit and the check that was charged against the account by mistake, and you must also subtract outstanding checks:

adjusted bank balance = $148,000 + $17,000 + $2,300 - $48,000 = $119,300

5 0
3 years ago
Can you ask the owner of brainly if he could give me $100,000 this is not a prank
Murljashka [212]

Answer:

Im pretty sure they can't do that

Explanation:

Because its a learning app not a money making app.

6 0
3 years ago
Product innovation refers to efforts to create designs and applications of technology to develop new products, while __________
Troyanec [42]

Answer:

Process innovation

Explanation:

Product innovation refers to efforts to create designs and applications of technology to develop new products, while <u>process</u> innovation refers to efforts to improve the efficiency of organizational systems such as manufacturing and operations.

Process inovation: It is a type of innovation that involve in improvement of process in producing goods and services. It also implement new technique and procedure to improve production or delivery method. It is also effective in reducing cost of production.

5 0
3 years ago
Gina was recently At Panther Lighting Fixtures, employees were asked how the quality of the company's customer service could bes
Elis [28]

Answer:

To little employee participation

Explanation:

This a system of organization where the management hardly involves the the general employees in strategy formulation and it has a negative effect on the growth pace of the organisation because it reduces communication between management and employees.

4 0
3 years ago
The following information relates to the manufacturing operations of the Abbra Publishing Company for the year: Beginning Ending
yKpoI14uk [10]

Answer:

Purchases= $408,000

Explanation:

Giving the following information:

Beginning Ending Raw materials inventory$547,000 $610,000

The raw materials used in manufacturing during the year totaled $1,018,000

<u>To calculate the direct material purchased, we need to use the following formula:</u>

Purchases= direct material used in production - ending inventory

Purchases= 1,018,000 - 610,000

Purchases= $408,000

5 0
2 years ago
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