What do it feel like working at footlocker?

Staci invested $900 three (3) years ago. Her investment paid 10.8 percent interest compounded monthly. Staci's twin sister Shell

tekilochka [14]

Staci's investment is worth today <u>$1,242.58</u>.

Shelli's investment is worth today <u>$1,107.83</u>.

<h3>What is the future value of an investment?</h3>

The future value of an investment is the present value compounded periodically at an interest rate.

The future value can be determined using an online finance calculator as below.

<h3>Data and Calculations:</h3>

Staci's investment = $900

Investment period = 3 years

Interest rate = 10.8% compounded monthly

Stack's twin investment = $800

Investment period = 3 years

Interest rate = 11% compounded quarterly

<h3>Staci's investment:</h3>

N (# of periods) = 36 months (3 x 12)

I/Y (Interest per year) = 10.8%

PV (Present Value) = $900

PMT (Periodic Payment) = $0

<u>Results</u>:

FV = $1,242.58

Total Interest = $342.58

<h3>Shelli's investment:</h3>

N (# of periods) = 12 quarters (3 x 4)

I/Y (Interest per year) = 11%

PV (Present Value) = $800

PMT (Periodic Payment) = $0

<u>Results</u>:

FV = $1,107.83

Total Interest $307.83

Thus, the worth of Staci's investment today is <u>$1,242.58</u>, while Shell's is <u>$1,107.83</u>.

Learn more about determining future value at brainly.com/question/24703884

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6 0

1 year ago

In many cases, the causes of scope creep reflect a misfit between ____.Multiple Choicetraditional project management methods bei

11111nata11111 [884]

Answer:

<em><u>The correct answer is:</u></em> traditional project management methods being applied to high uncertainty projects

Explanation:

Scope creep are common in projects, but they can raise concerns because they mean increased time and expense.

Scope increase may occur when there is a mismatch between traditional project management methods being applied to projects of high uncertainty.

This mismatch can mean that the control is inflexible and being a project of high uncertainty, it is quite possible that there will be changes during the project that include other processes and ways to achieve the expected objective.

This situation can cause frustration among stakeholders and waste of time and money, which can be avoided with more effective control and greater clarity about the project's objectives.

5 0

3 years ago

Alpha Co. has cost of goods sold of $77 million, net income of $9.6 million, sales of $120 million, and total assets of $150 mil

Sliva [168]

Answer:

64.17% and 8%

Explanation:

The computation of the percentage is shown below:

For the cost of goods sold, the percentage would be

= (Cost of goods sold ÷ Sales) × 100

= ($77 million ÷ $120 million) × 100

= 64.17%

For the net income, the percentage would be

= (Net income ÷ Sales) × 100

= ($9.6 ÷ $120 million) × 100

= 8%

Simply we put the sales in denominator side and costs of goods sold or net income in numerator side

5 0

3 years ago

In preparing a responsibility income statement that shows contribution margin and responsibility margin, two concepts are involv

Ivenika [448]

Answer: Whether the costs are variable or fixed and whether they are directly traceable to the responsibility center.

Explanation:

The Responsibility Income Statement is one where the different centers in a business have their own sub income statement so that the activities of each center and their profitability is measured and monitored.

In this statement, costs are classified as Variable and Fixed so it is important that it is known whether the costs are variable or fixed.

As the statements are per center, the costs in them would have to be only those that are directly traceable to that center so that a truer reflection of the statements can be seen.

4 0

3 years ago

Calculate the defects per million opportunities (DPMO) given the following: Blake, owner of Blakester's T-shirt Shoppe, keeps tr

pantera1 [17]

Answer:

His firm's DPMO is 12,083

Explanation:

The computation of the DPMO is shown below:

= (Total complaints ÷ total number of defects opportunity) × 1 million

where,

Total complaints = Shrinkage complaints + poor quality complaints + wear off complaints + fitting issue complaints

= 22 + 16 + 12 + 8

= 58 customers defects

And, the total number of defects opportunity would be equal to

= Number of t-shirts sold × number of possible complaints

= 1,200 × 4

= 4,800

Now put these values to the above formula

So, the value would be equal to

= (58 ÷ 4,800) × 1,000,000

= 12,083

4 0

3 years ago