Answer:
money deposited after end of 3rd year is $4877.75
Explanation:
given data
initial amount = $10000
rate = 5%
time = 3 year
after 7 year account balance = $20000
solution
we consider here money deposited after end of 3rd year is = x
first we get here compounded amount after 3 years as
compounded amount = initial amount ×
................1
compounded amount = 10000 ×
compounded amount = $11576.25
so at 7 year account balance is
account balance = ( compounded amount + x ) ×
....................2
$20000 = ( $11576.25 + x ) ×
solve it we get
x = $4877.75
so money deposited after end of 3rd year is $4877.75
<span>A core competence is an activity that a company performs quite well and that is also central to its strategy and competitiveness. A core competence is a more important resource strength than a competence because it adds power to a company's strategy and has a bigger positive impact on its competitive strength and profitability</span>
The difference between the standard cost of a product and its actual cost is called a cost variance. Therefore the statement is true.
<h3>What is the objective of variance?</h3>
Changing across all of the pieces of information in a data set, variance is a measurement of distribution. It enables us to estimate how far away a set of factors are from each other.
To describe the variation or difference between the standard cost of a product and its actual cost the use of cost variance is done. It is utilized to estimate the financial performance of any project.
Therefore, the statement is True.
Learn more about Variance, here:
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<span>Palding hires an asian company to produce a specified volume of sports equipment that still carries spalding's name. this is an example of contract manufacturing. Contract manufacturing </span>occurs when a company hires a foreign company to produce a specified volume of the firm's product to specification. However, the final <span> product carries the domestic firm's name. </span>