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
zzz [600]
3 years ago
11

One reason for becoming financially literate is to _____.

Business
2 answers:
Alenkinab [10]3 years ago
7 0

Answer:

help you become a millionaire is right one because if you how to make thn it goes doubling itself

Explanation:

help you become a millionaire

Murljashka [212]3 years ago
6 0

Answer:

choose high-risk investments

Hope it helps

U 2 can help me by marking as brainliest....

You might be interested in
The misperceptions theory of the short-run aggregate supply curve says that the quantity of output supplied will increase if the
Illusion [34]

Answer:

Option C is correct

Explanation:

This means an increase in actual price would make quantity aggregate supply curve to shift to the right.

3 0
3 years ago
Toy Town is considering a new toy that will cost $49,100 in startup costs. The toy is expected to produce cash flows of $47,500
Tasya [4]

Answer:

NPV with a 14.9% discount rate: 6,329.06

The toy should be produced as the NPV is positive.

IRR = 26.65%

Explanation:

First we calculate for the NPV using the given discount rate of 14.9%

We will calculate the present value of each year cash inflow:

\frac{inflow}{(1 + rate)^{time} } = PV  

Year 1 cash inflow: 47,500.00

time   1.00

rate  0.149

\frac{47500}{(1 + 0.149)^{1} } = PV  

PV   41,340.30

Year 2 cash inflow:  18,600.00

time   2.00

rate  0.149

\frac{18600}{(1 + 0.149)^{2} } = PV  

PV   14,088.76

Then, we add them and subtract the investment to get NPV

NPV = 14,088.76 + 41,340.3 - 49,100 = 6,329.06

The toy should be produced as the NPV is positive.

Now for the IRR

That is the rate at which NPV equals zero we can solve for this using the quadratic equation as there are only two cash flow:

Year 1 will discount at (1+IRR)

Year 2 will be discount at (1+IRR )^2

So we can express and recreate the quadratic formula:

18,600 X^2 + 47,500 X - 49,500 = 0

A = 18,600

B = 47,500

C = -49,100

x_1 = \frac{-b+\sqrt{b^{2} -4ac}}{2a}\\x_2 = \frac{-b -\sqrt{b^{2} -4ac}}{2a}

We can solve and get:

x1 =  0.78957

x2 = -3.3433

We take the positive value.

and now solve for IRR

\frac{1}{1+ IRR} = 0.78957\\IRR = \frac{1}{0.78957} -1

IRR = 0,2665121 = 26.65%

This will be the IRR for the project.

4 0
3 years ago
Which of the following statements is NOT true of a department in the merchandise classification scheme? it is the second level i
Eva8 [605]
The first one is true I think
7 0
3 years ago
T/F Some insurance usually has a higher price for younger people because younger people have more accident
kondor19780726 [428]
The answer to this question is true 
i hope this helps u 

6 0
3 years ago
a store at the mall having a minimum age requirment for workers is an example of which catagory of employee rights
Vitek1552 [10]

Answer: Department of labor

Explanation: Google Have a good day   :)

7 0
3 years ago
Other questions:
  • Harry Corporation's common stock currently sells for $180 per share. Harry just paid a dividend of $10.18 and dividends are expe
    13·1 answer
  • G two firms, firm x and firm y, are both considering investing in project z, which has an irr of 10.60%and a beta of 0.9. firm x
    7·1 answer
  • According to the definition used by the U.S. Bureau of Labor Statistics, a person is not in the labor force if that person:_____
    6·1 answer
  • How do job agencies help you find a job and how does it work?
    10·1 answer
  • Fuel Connector Products, Inc., agrees to sell Go-Flo, Inc., a certain quantity of hose couplings and fittings, but the contract
    15·1 answer
  • .
    10·2 answers
  • Suppose your firm develops a new pharmaceutical product that may be used to reduce blood cholesterol levels, so the firm is the
    8·1 answer
  • You want to invest in a project in LaLaLand. The project has an initial cost of LLL 757,000 and is expected to produce cash infl
    15·1 answer
  • Who is the richest man in the world
    8·1 answer
  • Now subtract the rest of your monthly expenses. You allow for 5% of your net pay of $2,989. 12 to be budgeted for medical expens
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!