When a company offers consumers the ability to make purchases via a smart phone, this is known as:?

Evelyn invests $5,000 in a savings account that pays interest at a rate of 6.7% compounded annually. If she withdraws half the i

My name is Ann [436]

Answer:

$371

Explanation:

The computation of additional interest during the fourth year is shown below:

but before that we need to do the following calculations

Amount = Principal × (1 + (rate of interest ÷ (1 × 100)))^(1 × number of years)

A = $5,000 × (1 + (6.7% ÷ (1 × 100)))^(1 × 3)

= $5,000 × (1 + (6.7 ÷ 100))^(1 × 3)

= $5,000 × (1 + 0.067)^3

= $5,000 × (1.067)^3

= 5000 × 1.214

= $6,070

Now, Interest gained after 3 years on the amount of Principal is

= $6,070 - $5,000

= $1,070

Here Evelyn issued interest which is half that is earned at the end of the 3rd year

Sp,

Half of the interest gained will be

= $1,070 ÷ 2

= $535

Now,

The new Principal amount for 4th year is

= $6,070 - $535

= $5,535

So, the final amount in the fourth year is

A = P × (1 + (r ÷ n))^(nt)

= $5,535 × (1 + 0.067 ÷ 1 ]^(1 × 1)

= $5,535 × 1.067

= $5.905.845

Hence the additional interest in the fourth year is

= $5,905.845 - $5,535

= $370.845

or

= $371

Therefore for computing the additional interest during the fourth year we simply applied the above formula.

8 0

2 years ago

Becky only eats out at Macaroni Grill, and she eats out three times per month. She receives a raise from $31,900 per year to $33

choli [55]

Answer:

Price elasticity of demand = 10.21

Explanation:

Given:

Old income (P0) = $31,900

New income (P1) = $33,500

Old Quantity (Q0) = 3 times

New Quantity (Q1) = 5 times

Computation of Price elasticity of demand :

Midpoint method:

Price elasticity of demand =

$\frac{\frac{Q1-Q0}{\frac{Q1+Q0}{2} } }{\frac{P1-P0}{\frac{P1+P0}{2} } } \\\frac{\frac{5-3}{\frac{5+3}{2} } }{\frac{33,500-31,900}{\frac{33,500+31,900}{2} } }\\\frac{\frac{2}{\frac{8}{2} } }{\frac{1600}{\frac{65400}{2} } }\\\frac{\frac{2}{4} }{\frac{1600}{32700} } }\\10.21$

Price elasticity of demand = 10.21

5 0

2 years ago

Increasing the effectiveness of internal controls would have the greatest effect on

saveliy_v [14]

Increasing the effectiveness of internal controls would have the greatest effect on r<span>educing the control risk.</span>
The risk control includes evaluation of potential losses and actions to reduce or eliminate risks. The potential risk factors in a firm's operations are identified (technical and non-technical aspects of the business, financial policies, and other policies).

7 0

2 years ago

Maridings Inc., an apparel manufacturer, employed a large-scale recruitment drive to hire some of the country's best fashion des

Sergeeva-Olga [200]

Answer: HR analytics

Explanation: It refers to a data driven approach used by organizations with the objective of managing individuals working in it. It is used by the organisations to analyze the problems of the employees and detect critical problems so that their solution could be obtained.

It is usually used by the HR department for the purpose of keeping the environment within the workplace positive and effective.

Hence from the above we can conclude that HR team could use HR analytics.

7 0

2 years ago

Digg Co. installs a manufacturing machine in its factory at the beginning of the year at a cost of $36,000. The machine's useful

Nastasia [14]

Answer:

Annual depreciation (year 1)= $1,400

Explanation:

Giving the following information:

Buying price= $36,000.

Useful units= 300,000 units of product.

Salvage value= $6,000

During its first year, the machine produces 14,000 units of product.

To calculate the depreciation expense for the first year under the units of production method, we need to use the following formula:

Annual depreciation= [(original cost - salvage value)/useful life of production in units]*units produced

Annual depreciation= [(36,000 - 6,000)/300,000]*14,000

Annual depreciation= 0.1*14,000= $1,400

3 0

2 years ago