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Sonja [21]
2 years ago
14

Jack has deposited $6,000 in a money market account with a variable interest rate. The account compounds the interest monthly. J

ack expects the interest rate to remain at nine percent annually for three months, then be at 12 percent annually for three months, before returning to nine percent annually for another three months. Find the total amount in this account after nine months.
Business
1 answer:
ruslelena [56]2 years ago
4 0

Answer: $13,161.264

Explanation:

interest rate after first 3 months 9% for 3 months.

I = P x R x T / 100

Where;

I= interest

P= principal

R= interest Rate

= Time

$6000 x 9% x 3 / 100

= $ 1620

Interest for next 3 months 12%

P= $6000 + $1620 = $7620

I= 7620 x 12% x 3 /100 = $2,743.2

Interest after for last 3 months 9%

P= $7620 + $2743.2 = $10,363.2

I = $10,363.2 x 9% x 3 / 100

= $2798.064

Principal after 9months

= $13,161.264

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A strategy to be a low-cost provider of branded footwear is unlikely to result in the company being one of the best-performers i
Bogdan [553]

Answer:

A strategy to be a low-cost provider of branded footwear is unlikely to result in the company being one of the best-performers in the industry if the company's management team fails to:_______.

5. establish production facilities in all 4 geographic regions, produce and market branded footwear with a 5-star or higher S/Q rating, and achieve global market share leadership in both private-label and branded footwear.

Explanation:

The U.S. market is an important market with global reach and image which a U.S. based company cannot neglect.  So, establishing production facilities in all 4 geographic regions will help the company to achieve higher U.S. market share and enhance its domestic and global image.  

Market branded footwear companies like Nike, Adidas, Jordan, Reebok, etc., are already competing with about 5 others in the global market for footwear.  For a company to belong to their class, it must achieve what they have already achieved, especially 5-star or higher S/Q rating.

The Business Strategy Gaming (BSG) is a rating consumer group that "rates the styling and quality of the footwear of all competitors and assigns a styling-quality or S/Q rating of 0 to 10 stars to each company's branded footwear offerings."  According to medium.com, to improve BSG rating, "it is important for each to aim for at least 20% market share in each and every segment. This is because when the business is evenly represented across the geographical regions, it will do well to the overall image of the company."

5 0
1 year ago
Cameron Tiller is paid one and one-half times the regular hourly rate for all hours worked in excess of 40 hours per week and do
kozerog [31]

Answer:

His regular earnings ( based on regular rates) is $480 while his total earnings for the week ended March 15 is $738.

Explanation:

Regular rate = $12 per hour

Rate for hours in excess of 40 hours per week

= (3/2) × $12

= $18

Rate for hours for Sunday is double

= 2 × $12

= $24

During the week ended March 15, 9 hours each day from Monday through Friday, 6 hours on Saturday, and 4 hours on Sunday

Period in excess of 40 hours during the week

= (9 × 5) + 4 - 40

= 9

Total regular earning = 40 × $12

                                   = $480

Additional earnings = (9 × $18) + (4 × $24)

                                 = $162 + $96

                                 = $258

Total earnings = $480 + $258

                        = $738

4 0
1 year ago
Refer to the accompanying consumption schedule in an economy. All figures are in billions of dollars. If gross investment is $34
dezoksy [38]

Answer:

C+$64

Explanation:

The GDP measures the market value of all good and services produced in an economy (country or region) in a specific period of time. It is calculated by this formula:

GDP= Consumption (C)+ Investment (I)+ Government expenditure ()+ Net exports (exports-imports)

A lump-sum tax at all levels of GDP means that no matter what GDP value is, the tax will be the same amount. If the tax is collected by the government then the GDP will increase because the government expenditure is income ( most of them are taxes) minus expenses ( public investment in education, health, etc)

GDP= C+$34+$30+0

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8 0
1 year ago
The agreed cost of an item to be purchased by a business on credit is $4,000. The applicable cost will be debited to advertising
Hoochie [10]

Answer:

$4,480

Explanation:

The total amount to be recorded as expense would include the cost of the item purchased an the values of the applicable taxes.

As such, the advertising expense would include the value of the goods and services tax as well as the provincial sales tax with both tax rates applied to the applicable cost.

Goods and services tax = 5% × $4,000

= $200

Provincial sales tax = 7% × $4,000

= $280

Total debit to advertising expense

= $4,000 + $200 + $280

= $4,480

7 0
1 year ago
The bonus rates for each salesperson are determined by sales amounts using the following scale:__________.
Mariana [72]

Answer:

=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)

Explanation:

The formula to be placed in cell C8 is provided below :

=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)

The cell will calculate the bonus according to the given data, the given data is placed in the cell using IF formula. The formula starts with = and then writing IF then applying all the terms.

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