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BigorU [14]
3 years ago
9

Gilbert has just started saving for a new horse. He plans to make savings payments of $700 each year for the next 5 years and ha

s just made his payment. How much will he have saved at the end of year 5 if the interest rate is 4.5%
Business
1 answer:
steposvetlana [31]3 years ago
6 0

Answer:

the value that should be saved is $4,001.82

Explanation:

The computation of the amount that should be saved at the year end of 5 years in that case where the rate of interest is 4.5% is shown below:

Value in 5 years is

= (1 + rate) × Annual Payment × [{(1 + rate)number of years - 1} ÷ rate]

= (1 + 0.045) × $700 × [{(1 + 0.045)^5 - 1} ÷ 0.045]

= $731.50 × [0.2462 ÷ 0.045]

= $731.50 *×5.4707

= $4,001.82

Hence, the value that should be saved is $4,001.82

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Chief financial officer Barry submits travel and expense reports that are completely genuine and encourages employees in his div
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Answer: A) Leading by example

Explanation:

Leading by example means to act in a way that shows others how to act. Barry has led by example by submitting travel and expense reports that are genuine. This will inspire his employees or subodinates to do same.

Leadership is not about talking the talk, this type of leaders also walks the walk. Leaders expect others to do the right thing by leading from example.

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3 years ago
What are companies doing to respond effectively to increasing segmentation of the marketplace? Following a traditional sales mod
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Answer: The answer is C. Using more narrowly targeted marketing messages.

Explanation: Market Segmentation is basically the act of dividing a large market into smaller groups, which can now easily be targeted and serviced.

In an increasingly segmented marketplace, the best option for companies it so make sure that they tailor their marketing messages to the segmented market chunk.

Basically, in order for companies to retain the loyalty of their market segment, or to get new customers, they have to make sure that their marketing messages are more narrowed and specific, in order to hold the attention of their target audience.

Using more narrowly targeted marketing messages will guarantee that the target market gets the message clearly and prompt them to patronize the company.

7 0
4 years ago
Certain industries of the U.S. economy, such as farming and heavy equipment manufacturing, have experienced a significant declin
Zolol [24]

Answer:

B. Workers lost these jobs because technological advances increased productivity.

Explanation:

The employees lost employment due to the increased efficiency of technological progress. By improving the productivity of manufacturing drivers, technological advancement expands an economic limit on the possibility of production, allowing equivalent output to be manufactured with fewer resources or more output to be manufactured with the same quantity of resources. For example a machine component that takes 5 men to lift and 10 to assemble in 5 minutes just takes a single machine that doesn't receive wages apart from lubricant a minute to lift and assemble perfectly. Definitely machines are replacing humans to increase efficiency and productivity. Only few humans are employed to supervise and monitor.

7 0
3 years ago
In a fairly large portfolio, the ...................... risk associated with one stock typically has no impact on the portfolio
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Unsystematic; unsystematic

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In the case of the large portfolio, the non-systematic risk that could be attached would have no effect on the total risk of the portfolio

So it is to be expected that the impact should be of non-systematic risk on different kind of stock that could be offset each other in order to remove out the risk to the investor that occurs from the sources of the risk

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3 years ago
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One of the most important key elements in Schein’s four key elements according to me would be a common purpose because, without having a common purpose, people working in the organization will be disoriented and directionless. Thus, it can hamper the ultimate goal of the organization.

<h3>What is the common purpose of an organization?</h3>

A corporation with a clear purpose or undertaking is one that is simple to recognize and manage. A common purpose unifies personnel and facilitates them to understand the corporation’s direction.

Hence, according to me, among all the Schein’s four key elements in the organization’s structure, the Common purpose is the most key element.

Learn more about common purpose of an organization:

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7 0
2 years ago
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