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snow_lady [41]
3 years ago
8

What does the rule of 72 tell us? What is the formula used?

Business
1 answer:
RUDIKE [14]3 years ago
8 0

Answer:

Image result for What does the rule of 72 tell us? What is the formula used? Amy heard Dave Ramsey say that she could expect an average of 12% returns when she invests in mutual funds. Amy has $10,000 to invest. How long will it take Amy’s investment to double?

Divide 72 by the interest rate on the investment you're looking at. The number you get is the number of years it will take until your investment doubles itself.

Explanation:

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Starbucks focuses on making coffee. By ________, they are faster, more consistent, and their production costs are lower than McD
Shtirlitz [24]

Answer:

Specializing in making coffee

Explanation:

Starbucks is the company or business which is involved in making the coffees and having different variety or range of coffee served to the customers or client.

Specialist means that the business or the person who concentrates on the specific activity and having or posses high skill in the particular and restricted field.

So, Starbucks is the one who focus on the coffee making through specializing in the making of coffee, and they are faster as well as more consistent and their cost of production is also low than the McDonald.

4 0
3 years ago
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What is the advantage to spending less money than is earned?
tamaranim1 [39]
Pretty much saving up money. if you can save up enough you can treat yourself later in life
8 0
3 years ago
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How quickly must you file a report with the michigan dnr if property damage exceeds $2,000?.
uranmaximum [27]

The amount of time that is allowed before filing a report with the Michigan Dnr if property damage exceeds $2,.000 is 5 days.

<h3>What is Insurance?</h3>

This refers to the coverage that a product or service has and subscribed for that is covered in the event of theft, loss, or other unforeseen circumstance.

Hence, we can see that in the case of property damage, the maximum amount of time given to file to the Michigan DNR is five days if the damage to the vessel and other property damage totals more than $2,000.

Read more about property insurance here:

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8 0
2 years ago
Trimble Graphic Design receives $1,800 from a client billed in a previous month for services provided. Which of the following ge
wel

Answer:

Explanation:

The journal entry is presented below:

Cash A/c Dr $1,800

   To Accounts receivable A/c $1,800

(Being the cash is received)

Since the cash is received so we debited the cash account and there is a decrease in account receivable so this account should be credited. Both the accounts are recorded at $1,800 each.

4 0
3 years ago
What is an insurance premium?
Scilla [17]

Answer:

Premium is an amount paid periodically to the insurer by the insured for covering his risk. Description: In an insurance contract, the risk is transferred from the insured to the insurer. For taking this risk, the insurer charges an amount called the premium.

Explanation:

a

5 0
3 years ago
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