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Delicious77 [7]
3 years ago
6

Retirement Investment Advisors, Inc., has just offered you an annual interest rate of 4 percent until you retire in 40 years. Yo

u believe that interest rates will increase over the next year and you would be offered 4.6 percent per year one year from today. If you plan to deposit $11,000 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit
Business
1 answer:
Shtirlitz [24]3 years ago
5 0

Answer:

$10,741

Explanation:

The computation of the more amount is shown below;

Here we have to determine the future value i.e.

As we know that

Future value = Present value × (1 + rate of interest)^number of years

For option A

= $11,000 × (1 + 0.04)^40

= $52,811

For option B

= $11,000 × (1 + 0.046)^39

= $63,552

Now the more amount is

= $63,552 - $52,811

= $10,741

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John was recently hired by Backstreet Books. At the beginning of the first day on the job, his store manager handed him a small
Lady_Fox [76]

Answer:

<u>compliance-based ethics.</u>

Explanation:

Compliance-based ethics can be defined as a set of rules and conduct for the actions of employees of a particular company to be based on compliance with the laws that regulate business. It is designed to prevent, detect and punish behavior that is not in accordance with a company's pre-established rules.

There are critics who believe that compliance-based ethical codes do not promote individual ethical ability, but rather enforce rules motivated by fear and punishment, as legality and ethics are complementary but not equal.

6 0
3 years ago
The video mentions how firms compete on price point, store design, and the product itself. These are all elements of a firmâs:__
vladimir2022 [97]

Answer:

Marketing mix

Explanation:

The marketing mix is a combination of product, price, place, and promotion. The marketing mix is also called 4Ps. These factors determine the marketing strategy through which they get to know their position in the market.  

The price is the value which is given to the customers

The product is the item which is to be shown to the customers

The place is the location in which the product is sold to the customers

And the last is a promotion in which the product is communicated to the end numbers of people either by word of mouth, by adverting, etc

                                   

8 0
3 years ago
The inventory data for an item for November are: Nov. 1 Inventory 20 units at $19 4 Sale 10 units 10 Purchase 30 units at $20 17
kolezko [41]

Answer:

=  $490

Explanation:

<em>Under the </em><em>First-in-First-Out  </em>( FIFO ) <em>method of inventory valuation,  inventories are valued using the price of the earliest batch in stock until the batch is exhausted when the price of the next oldest batch is used and so on.</em>

Date     sale units       Workings                         Value

              10                    10 × $19                              190

               20        (10 × $19)+( 10 × $20)                  390

The cost o he merchandise = $190 + $390

                                             =  $490

8 0
3 years ago
Company X has 20M shares outstanding at $15 per share. Management has announced a 2 for 1 stock split. What would be the new mar
dlinn [17]

Answer:

$300 million

Explanation:

Data provided in the question

Number of shares outstanding = 20 million

Value per share = $15

So, by considering the above information, the new market cap of the company X is

= Number of shares outstanding × Value per share

= 20 million × $15 per share

= $300 million

To determine the new market cap, we simply multiplied the number of outstanding shares with the per share so that the exact value could come

         

8 0
2 years ago
____________ is the ability of a company to pay its debts as they mature. Liquidity Solvency Financial flexibility Insolvency
pshichka [43]

Answer:

Solvency

Explanation:

Solvency is defined as the ability of a company to meet it's long term financial obligations like having the ability to pay off debts as they mature. Solvency measures if a company is able to pay off it's debt in long term.

Although solvency and liquidity are similar, difference is liquidity is more concerned with paying off short term debts.

A company or firm is said to be solvent when the current assets exceeds current liabilities.

4 0
3 years ago
Read 2 more answers
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