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Varvara68 [4.7K]
2 years ago
4

What is the future value of $1,575 a year for 25 years at 6.3 percent interest, compounded annually? A.$92,006.08 B.$91,315.09 C

.$76,919.04 D.$90,152.04 E.$72,545.78
Business
1 answer:
Leya [2.2K]2 years ago
3 0

Answer:

$90,152.04

Explanation:

The formula for calculating future value = A (B / r)  

B = [(1 + r) n] - 1

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

$1,575[(1.063)^25 - 1 / 0.063] = $90,152.04

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In early November, department stores like Robinsons-May begin to prepare for upcoming holiday sales. Retail stores often make 25
Burka [1]

Answer:

Motivation

Explanation:

Motivation in an organization is a process of e<u>ncouraging employees to perform at higher levels and thereby increase productivity, to increase the chances of the organization achieving its goals and making more profit</u>.

Nancy Cardigan, the General Manager of Robinsons-May, intends to incite her sales associates and get them excited about the upcoming holiday season that comes with an opportunity for increased sales. Therefore she calls a meeting with a purpose of motivating them.

5 0
2 years ago
The interest rate is 10% but the government offers you a subsidized perpetual loan for $1m at 5%. in other words, you get the $1
DochEvi [55]

Answer:

The worth of loan subsidy at 5% is $1000000 and at 10% is $500000.

Explanation:

The subsidized perpetual loan offer by government = $1000000

Interest rate = 5%

The amount paid for forever = $50000

Below is the calculation to find the worth of loan subsidy for forever.

Amount paid to the government for forever at 5% interest.

Total subsidy loan worth at 5% = $50000 /5% = $1000000

The subsidy loan worth at 10% = $50000 /10% = $500000

The worth of loan subsidy at 5% is $1000000 and at 10% is $500000.

3 0
2 years ago
Poornima is training for a triathlon, a timed race that combines swimming, biking, and running. Consider the following sentence:
mixer [17]

Answer: C. Many decisions are made on the margin

Explanation:

One vital economic principle that is made by economic agents is that when making rational decisions, it involves thinking at the margin.

For one to take a particular action, one has to consider the benefits and costs that are involved and then see if the benefits outweigh the costs before the final decision is made.

Since her pool sessions are helping her swim more quickly, Poornima plans to reduce by 1 hour per week the time she spends training on the bike and increase by 1 hour the time she spends in the swimming pool.

This means the extra time allocated to swimming is beneficial and the basic principle of individual choice that Maria illustrate is that many decisions are made on the margin.

4 0
2 years ago
Fashion, Inc. had a Retained Earnings balance of $16,000 at December 31, 2021. The company had an average income of $6,500 over
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Answer:

Total amount of dividends paid over the last three years is $20500

Explanation:

The net income of the company is either retained in the company or paid out as dividends. To calculate the value of the ending retained earnings, we use the following formula,

Ending balance = Beginning balance + Net Income - Dividends

We first need to calculate the total net income for the 3 year period. The total net income for the 3 year period is, 3 * 6500 = $19500

Plugging in the available values for the ending and beginning balance of retained earnings and net income, we can calculate the value of total dividends paid for the three year period.

15000 = 16000 + 19500 - Dividends

Dividends = 35500 - 15000

Dividends = $20500

4 0
2 years ago
Jensen Cleaning Service uses the listed accounts. (Some of the accounts will be explained in Lesson 2-3.) Prepare two T accounts
Westkost [7]

Answer:

Cash Sales Transaction

Journal Entry

Dr.  Cash   100,000

Cr.   Sales  100,000

Cash received and sales has been recorded due to the nature of Cash and Income, Cash and Sales is entered as Debit and credit respectively.

* For Journal posting MS excel file is attached which has T account with above transaction posted in it.

Explanation:

Download xlsx
5 0
2 years ago
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