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BaLLatris [955]
2 years ago
13

Beatrice invests $1,410 in an account that pays 3 percent simple interest. How much more could she have earned over a 4-year per

iod if the interest had compounded annually
Business
1 answer:
mixas84 [53]2 years ago
4 0

Answer:

$7.77

Explanation:

The answer would be the difference between compound and simple interest

Simple interest = principal x time x interest

$1,410 x 0.03 x 4 = $169.20

Compound interest = future value - present value

future value = Principal ( 1 + interest)^n

$1,410 ( 1.03)^4 = $1586.96

$1586.96 -$1,410 = $176.97

Difference = $176.97 - $169.20 = $7.77

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This activity is important because as world trade has grown, more companies have entered the global market. Once a firm decides
Ann [662]

Answer:

Matching the correct global market entry strategy with:

1. Moodmatcher lipstick  = b. Direct Exporting

2. Boeing  = b. Direct Exporting

3. Yoplait  = d. Franchising

4. McDonald's = d. Franchising

Explanation:

a) Global market entry strategies;

a. Indirect Exporting

b. Direct Exporting

c. Licensing

d. Franchising

e. Joint Venture

f. Direct Investment

Most of the globalized entities enter the global market space through direct exports to consumer countries.  Some others engage in licensing and franchising, joint venture and indirect exports of their products and services to non-domestic countries.  Huge revenues are earned through global trades.  Some companies like MTN headquartered in South Africa earn more revenue in foreign markets than in their domestic markets.

6 0
3 years ago
Discuss the reasons for and against borrowing money
photoshop1234 [79]
You’d like to borrow money because it will fund for whatever you want to purchase or fund, but you’ll have to give it back and depending on interest it would be more expensive.
8 0
3 years ago
Money is a productive asset. Its opportunity cost is:
dsp73

Answer:

The correct answer is A. The time value of money.

Explanation:

In economic theory, the temporary value of money is intended to represent the idea that a dollar of today is worth more than a dollar of the future, even after adjusting for inflation, because a dollar can now generate interest or other returns up to moment in which the dollar of the future is received. This theory is based on the calculation of present or current value.

8 0
3 years ago
What are debit memoranda?
Kazeer [188]

Answer:

I believe the answer is reductions

Explanation:

The adjustments made to the account reduce the funds in the account but are made for specific purposes and used only for adjustments outside of any normal debits.

7 0
3 years ago
Bird Brain Co. reported net income of $45,000 for the year ended December 31, 2016. January 1 balances in accounts receivable an
Alika [10]

Answer:

Option (A) is correct.

Explanation:

Cash flow from Operating Activities:

=  Net income + (Beginning Accounts receivable - Ending Accounts receivable) + (Ending Accounts payable - Beginning Accounts payable)

= $45,000 + ($23,000 - $22,000) + ($28,000 - $26,000)

= $45,000 + $1,000 + $2,000

= $48,000

Therefore,  Bird Brain's cash flows from operating activities would be $48,000.

5 0
3 years ago
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