Answer:
=$11,580.00
Explanation:
The CD pays 4.9 percent compounded monthly for four years.
In one year, there will be 12 occasions of compounding; after four years, there would be 12 x 4 = 36 compounds.
The interest rate per year is 4.9 percent; monthly interest will be 4.9 /12, which is 0.4083 percent.
The amount in four years is the same as the future value after four years.
=FV = PV (1+r)n
Pv =$10,000
r=0.4083 %
N =36
Fv = 10,000(1+0.4083/100)36
=10,000(1+0.004083)36
=$10000 x 1.1579932
=$11,579. 932
=$11,580.00
Answer:
Following are the organizational characteristics that explain the 100-year longevity of a company:
Explanation:
Selling Necessity Goods
Many of companies provide such goods and services which are essential for our everyday activities. Hence, people tend to buy from these companies as it is their routine to do so.
Laser-Sharp Customer Focus
These companies have always focused on the ever changing needs and demands of the customers and have worked accordingly. Hence their focus on customer service is the key to their success.
Willingness to Chart New Territory
Since customer needs are always evolving, all organizations celebrating centennials have taken significant gambles in order to expand their offerings. Steelcase, for instance, began as a furniture company but has recognized that the way people work has changed.
Ongoing Community Relationships
Long-lasting organizations also make their mark by giving back to the communities in which they’ve thrived. The GSUSA estimates that its members complete more than 75 million hours of community service annually.
These organizations have achieved so much because they have adapted their strategies to a changing world, and because they are always looking for ways to improve people’s lives. It is these traits that position them well no matter what the future holds.
Answer:
The ending balance of Allowance for Bad Debts account is $800
Explanation:
The computation of the ending balance of allowance for bad debt is shown below:
= Credit sales × uncollectible rate
= $40,000 × 2%
= $800
The estimated amount would be considered as an allowance for bad debts i.e $800, So no other amount would be come while computing the ending balance of Allowance for Bad Debts account.
However, the other information which is given in the question is not relevant. Hence, ignored it
Answer:
budget line
Explanation:
A budget line is a graphical representation that shows all the possible combination of how two products that can be consumed at different prices with a given income. The budget line is downward sloping with the gradient of the slope reflecting the two prices.
A budget line assists in understanding consumer choices and behavior. A budget line may shift due to changes in the consumer's income. It shifts to the left when income decreases and shifts to the right when income increase.
