1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Brilliant_brown [7]
4 years ago
10

If $17,000 is invested at 11​% per​ year, in approximately how many years will the investment​ double?

Business
1 answer:
pav-90 [236]4 years ago
3 0

<span>There is a popular rule called the rule of 72 where in you will divide 72 by the interest rate of your investment to know the length of time the value of your money will double.  In here, 72 divided by 11 is 6.55 years. Your $17,000 will be $34,000 after approximately 6.55 years.</span>

You might be interested in
A flood damaged several vans belonging to a nongovernmental, not-for-profit organization. A professional mechanic repaired the v
Westkost [7]

Answer:

b. As both an increase in the equipment account and an increase in contributions from donated services.

Explanation:

When the flood damages the vehicles there was a loss in the value of the organisation's equipment. The actor of restoring it to its previous state will require an addition to equipment account. So there will be an increase in equipment.

The services provided by the mechanic were free and will be recorded as a donated service. This is an increase in contributions from donated services.

There is no expense recorded as the services were performed for free.

5 0
3 years ago
The owners of a local business are making a rational decision about how many workers to hire. How many workers would cause the m
Gekata [30.6K]
<h2>10 workers would cause the marginal  to exceed the marginal benefits.</h2>

Explanation:

  • Let us understand the term "Marginal benefits".
  • It is the additional amount that the consumer "willing to pay" for an additional goods or a service.
  • In terms of producers, the marginal benefit is termed as marginal revenue.
  • Here according to the situation given in the question as to how many workers to hire could be answered by the number 10.
  • Marginal revenue always falls below marginal cost.
  • It is the revenue that the organization receives for selling one additional unit.
8 0
4 years ago
Read 2 more answers
a company earned $3,000 in net income for october. its net sales for october were $10,000. its profit margin is
kari74 [83]

Answer:

30%

Explanation:

The computation of the profit margin is shown below:

Given that

Net income earned for the month of October = $3,000

And, the net sales for the month of October is $10,000

Based on the above information, the profit margin is

= Net income ÷ Net sales

= $3,000 ÷ $10,000

= 30%

By dividing the net income from the net sales we can get the profit margin and the same is to be considered

6 0
3 years ago
Chicago Company reported the following information at the end of the current year
Nookie1986 [14]

Answer:

37,000 common stock outstanding

preferred stock dividends = $82,000 x 10% = $8,200

Case A The preferred stock is noncumulative, the total amount of dividends is $32.000

  • dividends distributed to preferred stockholders = $8,200
  • dividends distributed to common stockholders = $32,000 - $8,200 = $23,800

since the preferred stocks are non-cumulative, if dividends are not paid during a certain they are "lost" and will not be recovered.

Case B The preferred stock is cumulative, the total amount of dividends is $24,600

  • dividends distributed to preferred stockholders = $8,200 x 3 = $24,600
  • dividends distributed to common stockholders = $0

Case C The pretend stock is cumulative, the total amount of all dividends is $90,200

  • dividends distributed to preferred stockholders = $8,200 x 3 = $24,600
  • dividends distributed to common stockholders = $90,200 - $24,600 = $65,600

5 0
3 years ago
Hours of labor or number of workers are common ways of measuring a company's _________?
vovangra [49]

Answer:

productivity

Explanation:

to measure a company's productivity hours of labor or number of workers are taken into consideration. means efficient usage of labor

4 0
3 years ago
Other questions:
  • Ryan wants to work in a factory as a machine operator. What is a basic requirement for this job? A. a doctorate degree B. on-the
    5·2 answers
  • Prepaid items on financial statements
    13·1 answer
  • You originally required a risk premium of 6 percent in addition to the rate of return on safe assets before you would purchase s
    13·2 answers
  • Pepper Company is using the annual rate of return to evaluate a potential investment. The original investment required is $120,0
    12·1 answer
  • Raiment Inc. manufactures sewing machines. In an issue of Homespun Comrade, Raiment purchases the bottom quarter ad space on thr
    11·1 answer
  • Eleven years ago, Lynn Inc. purchased a warehouse for $315,000. This year, the corporation sold the warehouse to Firm D for $80,
    9·1 answer
  • All else being equal, a marketing channel that has a high cost per exposure will have a ________ return on investment.
    9·1 answer
  • Nancy Groom owns one $1,000 corporate bond issued by General Motors. The bond pays 8.5 percent. If interest is paid semiannually
    11·1 answer
  • Ruby is considering a college degree. She learned that the total costs (including the tuition, fees, and forgone wages) of a col
    10·1 answer
  • Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 9 years because the
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!