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Troyanec [42]
3 years ago
10

Your coin collection contains 57 1952 silver dollars. If your grandparents purchased them for their face value when they were ne

w, how much will your collection be worth when you retire in 2055, assuming they appreciate at an annual rate of 6.4 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
kiruha [24]3 years ago
3 0

Answer:

$ 33,951.78

Explanation:

For this problem, you wan to know the future value of these coins later in 2055. For future value (FV), you need the rate, number of periods that occur (NPER), payment (PMT), and the present value (PV).

Currently, you know that you Present Value is 57, because that is how many silver dollars you have ($1 per coin). The rate is given: 6.4%. The number of periods is found by taking the year 2055 and subtracting 1952; 2055-1952=103. Then the payment is 0 here.

Rate: 6.4%

Nper: 103

PMT: 0

PV: 57

The formula for FV = PV [(1+rate)^NPER]. Or you use the function in excel of =FV(rate,nper,pmt,pv) to solve.

That should get you the answer of 33,951.78.

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False, increases assests
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3 years ago
Boeing produces commercial airliners. Assume that if Boeing produces 10 planes a year, its total costs are $500 million and that
Andru [333]

Answer:

The marginal cost of the 11th plane is <u>$60 million</u>.

Explanation:

Marginal cost refers to the cost of producing one more unit of output.

In this case, every unit of output is an airplane. It costs Boeing $500 million to produce 10 airplanes, and $560 million to produce 11 airplanes. SO the marginal cost of the eleventh airplane = cost of producing 11 airplanes - cost of producing 10 airplanes = $560 million - $500 million = $60 million

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Which of the jobs listed is likely to be the most influenced by creativity and the creative process?A) Warehouse workerB) Progra
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Answer:

C) Programmer

Explanation:

Creative process could be regarded as

a process of unconscious and conscious mind, it is a simple term of inspiration. It involves critical thinking and ability to solve problems with one skills. According to Graham Wallas who model a creative process, in the book of " The Art of Thought" told us about the stages involves in the creative process which are;

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✓incubation

✓ illumination

✓ verification (or implementation).

Out of the given options only programming can be regarded as a creative process.

5 0
3 years ago
You are the supervisor of an employee who just learned that she did not receive the promotion she had anticipated. You call her
Ipatiy [6.2K]

Answer:

The correct answer is letter "D": Empathetic listening.

Explanation:

Empathetic listening is used in cases when people must be heard more than in a situation when two parties want to come up to a solution. Empathetic listening goes beyond active listening because it requires the listening party to put in the other party's shoes. Most often, empathetic listening has the mission of deeply understanding others' points of view.

6 0
4 years ago
Tanning Company analyzes its receivables to estimate bad debt expense. The accounts receivable balance is $390,000 and credit sa
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Answer:

d.                                                          Debit       Credit

Bad Debt Expense                           $17,000  

Allowance For Doubtful Accounts                    $17,000

Explanation:

Estimates of uncollectible ( $390,000× 5%) =     $19,500

Less: Allowance For Doubtful Accounts Credit= <u>($2500)</u>

Bad Debt Expense=                                                <u>$17,000</u>

5 0
4 years ago
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