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
DerKrebs [107]
3 years ago
11

Assume you are saving $1,000 by depositing into a bank CD account with one year until maturity. The interest rate on your deposi

t is 10% and inflation is expected to be 4% over the next year
a. How much money will you have in your bank account at the end of one year?

b. What is the real interest rate you expect to earn on your deposit over the next year?

c. If you are saving for a gaming computer that currently sells for $1,090, will you have enough money from the savings to buy it next year?
Business
1 answer:
mina [271]3 years ago
7 0

The amount of money that I would have in the bank account at the end of one year is $1,100.

The real interest rate I would expect to earn on the deposit is 6%.

If I am saving for a gaming computer, at the end of next year I would have enough money.

<h3>What is the value of the money by next year?</h3>

The formula that can be used to determine the money in my bank account next year is:

FV = P (1 + r)^n

Where:

FV = Future value

P = Present value

R = interest rate

N = number of years

1000 x (1.1)^1 = $1,100

<h3>What is the real interest rate?</h3>

The real interest rate is the nominal interest rate less inflation rate.

The real interest rate = 10% - 4% = 6%

To learn more about future value, please check: brainly.com/question/18760477

You might be interested in
Nomination by petition is done by gathering signatures from _____.
meriva
A certain number of qualified voters in a district
8 0
4 years ago
Read 2 more answers
The ________ allows a company to capture the highest economies of scale.
Klio2033 [76]
It is the Continuous Flow Production Process. It is a stream creation strategy used to fabricate, deliver, or process materials without intrusion. Consistent generation is known as a persistent procedure or a nonstop stream process in light of the fact that the materials, either dry mass or liquids that are being prepared are constantly in movement, experiencing synthetic responses or subject to mechanical or warm treatment. Persistent handling is diverged from group generation.
3 0
3 years ago
Classifying Costs as Materials, Labor, or Factory Overhead Indicate whether the following costs of Procter &amp; Gamble, a maker
AfilCa [17]

Answer:

a. factory overhead cost

b. factory overhead cost

c. factory overhead cost

d. direct labor cost

e. direct materials cost

f. direct labor cost

g. factory overhead cost

h. direct materials cost

i.  direct materials cost

j. factory overhead cost

Explanation:

Direct Material Costs and Direct Labor Costs are easily traceable to the cost object whilst its difficult to trace Factory Overhead Costs to the cost object.

8 0
3 years ago
All of a company's depreciation, property taxes, and insurance premiums are considered manufacturing overhead.
Irina18 [472]

All of a company's depreciation, property taxes and insurance premiums are considered manufacturing overhead (MOH) ----- False.

What is considered manufacturing overhead?

Manufacturing overhead (MOH) cost is the sum of all the indirect costs which are incurred while manufacturing a product. It is added to the cost of the final product along with the direct material and direct labor costs.

What does manufacturing overhead include?

Manufacturing overhead includes indirect materials, indirect labor, depreciation on factory buildings and machines, and insurance, taxes, and maintenance on factory facilities. Costs that are a necessary and integral part of producing the finished product.

. Direct labor :

Is the cost of the workers who make the product. The cost of supervisory personnel, management, and factory maintenance workers, although they are needed to operate the factory, are classified as indirect labor because these workers do not use the direct materials to build the product.

Learn more about company's depreciation :

brainly.com/question/1055905

#SPJ4

7 0
1 year ago
How will you conquer your to-do list and stay stress-free
eimsori [14]

Answer:

dont overwhelm yourself, take your time and enjoy life.  

Explanation:

7 0
3 years ago
Other questions:
  • true or false: a supply curve describes how much a producer of services are willing to sell at different prices
    5·1 answer
  • Stop and Jot: Why was the decision about further funding for the telescope not an "economic
    5·1 answer
  • The FI Corporation's dividends per share are expected to grow indefinitely by 5% per year. a. If this year’s year-end dividend i
    12·1 answer
  • What is the foundation for the marketing plan?
    11·1 answer
  • Tubby Toys estimates that its new line of rubber ducks will generate sales of $7.20 million, operating costs of $4.20 million, a
    15·1 answer
  • Melody has worked as a secretary at Consolidated Freight Handling for 10 years. Although she earns a good salary and has made fr
    5·1 answer
  • -My shopfront or roller shutter has been damaged, do you deal with insurance companies?
    7·1 answer
  • Use the cost information below for Laurels Company to determine the cost of goods manufactured during the current year:
    9·1 answer
  • Lang Warehouses borrowed $178,960 from a bank and signed a note requiring 8 annual payments of $28,819 beginning one year from t
    15·1 answer
  • According to Gardner, intelligence can be measure by a person having
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!