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Firlakuza [10]
3 years ago
9

17. Calculating Future Values Streamsong Credit Bank is offering 4.7 percent compounded daily on its savings accounts. If you de

posit $4,750 today, how much will you have in the account in 5 years
Business
1 answer:
pychu [463]3 years ago
4 0

Answer:

Future value = $5912.87

Explanation:

Below is the calculation:

Interest rate = 4.7%

Present value of deposit = $4750

Time period, n = 5 years

Future value = Present value ( 1 + interest rate)^n

Future value = 4750 ( 1 + (4.7%/365)^5*365

Future value = 4750 (1 + 0.00012)^1825

Future value = $5912.87

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Whom does inflation hurt the most?
drek231 [11]

Answer:

consumers

Explanation:

The consumers of any given market are the ones that finally pay the increase of prices driven by inflation.

Inflation means that there is an increase in the prices of goods and services per year. This increase affects all the actors in a given economy but in the bottom-line consumers are the ones that pay these increment in prices.

3 0
3 years ago
Read 2 more answers
If a manager chooses inappropriate goals, but makes good use of resources to pursue these goals, it results in:
Ganezh [65]
<span>By implementing inappropriate or improper goals in a given company, but throwing resources and capital at it in order to achieve it, this will ultimately lead to a waste of resources on behalf of the company. A failure to implement effective goals would counter-act on the impact of resources that are being allocated. The correct answer is HIGH EFFICIENCY / LOW EFFECTIVENESS. </span>
4 0
4 years ago
Red Raider Company uses a plantwide overhead rate with machine hours as the allocation base. Next year, 400,000 units are expect
snow_tiger [21]

Answer:

$166.8

Explanation:

Given that,

Units expected to produced = 400,000 units

Machine hours required = 1.2 each

Manufacturing overhead costs:

= Department 1 + Department 2

= $2,530,000 + $2,752,000

= $5,282,000

Total Machine hours:

= Department 1 + Department 2

= 30,000 MH + 8,000 MH

= 38,000 MH

Overhead cost per machine hour:

= Manufacturing overhead costs ÷ Total Machine hours

= $5,282,000 ÷ 38,000 MH

= $139 per MH

Overhead cost per unit:

= Overhead cost per machine hour × Machine hours required for each

= $139 per MH × 1.2

= $166.8

8 0
3 years ago
Which of the following is an integral step in a pay-and-return scheme? A. Establish a shell company. B. Misappropriate the incom
svlad2 [7]

Answer:

Letter b is correct. Misappropriate the incoming check related to returned goods and deposit the check in a bank account other than the company's.

Explanation:

A pay-and-return scheme is a scheme where an employee intentionally defrays a payment amount from a vendor, increasing that expense and reimbursing the excess amount of that payment. It can also be performed on a dual payment scheme to a vendor, and after the employee reports the error to the vendor and gets a check back, he can refund the amount.

4 0
3 years ago
ABC Bank requires a 20% down payment on all home loans. If a house is
AnnyKZ [126]

Answer:i think C

Explanation:

8 0
3 years ago
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