answer.
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
joja [24]
2 years ago
9

John and Mary Rich invested $15,000 in a savings account paying 5.25% interest at the time their son, Mike, was born. The money

is to be used by Mike for his college education. On his 18th birthday, Mike withdraws the money from his savings account. How much did Mike withdraw from his account?
Business
1 answer:
Stolb23 [73]2 years ago
6 0

Answer:

The amount that Mike withdraws from his account is $37678.11265

Explanation:

This question requires to calculate the future value of the amount invested at a rate of 5.25% for 18 years. We will simply use the formula for future value.

The formula for future value is,

FV  = Present Value * (1+r)^t

Where,

  • r is the interest rate
  • t is the time period
  • Here the time period is in years and is 18 years or t = 18

FV = 15000 * (1+0.0525)^18

FV = $37678.11265

You might be interested in
Suppose the supply curve for wool mittens is represented​ as: Q​ = 50​ + 1/2X​ - 5Y​ - 24Z. Which one of the following statement
natali 33 [55]

Answer:

C) The variable Y could be the price of the wool used to make mittens.

D) The variable X could be consumers income.

Explanation:

quantity supplied = 50 + 1/2X - 5Y  -24Z

In this equation if X increases, then the quantity supplied increases. Therefore X can either be the product's price or consumer income.

In this equation if Y or Z increase, then the quantity supplied decreases. Therefore Y or Z are production costs, either labor or materials.

4 0
2 years ago
Mike is the Director of Human Resources for a 120-employee family-owned manufacturing firm. Mike has been quite busy the last ye
inn [45]

Answer:

A. Assuming that employees would understand the content of the PowerPoint slides

Explanation:

One of the most common mistakes that can be made is assuming that the receiver on the other end of the communication chain would understand quite well, what message, you as the sender, is passing across.

In the scenario cited in the question above, the new benefit offerings that have been developed after the overhauling, of which Mike has taken his time to explain in a power point presentation just few months before employees would be required to enroll for the program, must have been misunderstand by the employees. The multiple emails reveals that the employees do not really understand the content, and this comes as a surprised to Mike. We can infer that Mike must have made the mistake of assuming that the employees would understand the content of the PowerPoint slides.

3 0
2 years ago
mith Manufacturing Company allows employees to purchase materials, such as metal and limber, for personal use at a price equal t
Yanka [14]

Answer:

Brain didn't act ethically and didn't follow IMA's principles of ethical conduct.

IMA's 4 principles are:

  1. Competence: this refers to basically acting and performing in a professional manner. Brian didn't act professionally since he intentionally miscalculated the price of lumber in order to get the lowest possible cost.
  2. Confidentiality: refers to keeping information to yourself, i.e. do not tell outsiders about the specifics of your job. This principle was not an issue here.
  3. Integrity: refers to avoiding conflicts of interests. Obviously Brian didn't follow this principle since he is taking advantage of the company's policy and acting unfairly.
  4. Credibility: refers to information and all the respective analysis being correct and true. Since Brian is deliberately cheating on the company, he is not using the correct information on purpose and is lying.
5 0
2 years ago
What need theories would explain why lemuel greene was unhappy despite his high income?
Arlecino [84]
Here is the answer of the given question above.
Based on McClelland’s Theory of Growth Needs, there are three needs which are: need <span>for achievement</span><span>, need for power, and need for affiliation. In Greene's case which is being unhappy despite his high income, </span>his need for achievement and need for power aren’t <span>fulfilled</span><span>. Hope this answer helps. </span>
7 0
2 years ago
Nicole works for a reputed company that operates within the construction industry. Nicole recently learned that a civil engineer
Rus_ich [418]

Answer: Warm Calling Method of Prospecting

Explanation: Warm calling is a method of prospecting and most likely the most efficient method of prospecting today. It entails making enquires about your prospect to know what both companies have in common, how your company can be of help/ assistance to the company and all about their products /services.

Nicole from the question got an information about the civil  engineering company and first sent them a congratulatory message to the firm in it he also used the medium to introduce their products that will be of benefit to the civil engineering firm.

3 0
2 years ago
Other questions:
  • In three to four sentences, discuss how the structure of "career planning for high schoolers” is effective in supporting a reade
    13·2 answers
  • Alpha Company has riskless debt, a debt-equity ratio of .46, a tax rate of 35 percent, and an unlevered firm beta of 1.23. What
    12·1 answer
  • A researcher in Alaska measured the age (in months) and the weight (in pounds) of a random sample of adolescent moose. When the
    14·1 answer
  • Sebastian, an employee, understands that he has great potential after taking a self-assessment test at his company. He decides t
    9·2 answers
  • What has the increased use of automation and less use of the work force in companies has caused a trend towards an increase in
    13·2 answers
  • Zenith Company, a calendar-year entity, amends its defined benefit pension plan on January 1, 2019 and must recognize the increa
    15·2 answers
  • Luann is trying to schedule a meeting in outlook. part of her computer screen is shown. which part of the process is luann most
    6·1 answer
  • Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from cus
    8·1 answer
  • Suppose the production of electricity by a utility generates pollution that harms others. Suppose also that Coase bargainingLOAD
    14·1 answer
  • Drussden Inc., a multinational corporation, has decided to hire military veterans. This, the company feels, would not only set a
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!