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tatuchka [14]
2 years ago
6

Katie had a high monthly food bill before she decided to cook at home every day in order to reduce her expenses. She starts to s

ave $1,410 every year and plans to renovate her kitchen. She deposits the money in her savings account at the end of each year and earns 5% annual interest. Katie’s savings are an example of an annuity. If Katie decides to renovate her kitchen, how much would she have in her savings account at the end of eight years?

Business
1 answer:
LekaFEV [45]2 years ago
3 0

Answer: $13,464.23‬

Explanation:

Kate is saving a constant amount of $1,410 per year so indeed it is an annuity.

The amount she will have in the account after 8 years is the future value of the annuity after 8 years.

The formula is;

Future Value of Annuity = Annuity * (future value factor of annuity, 8 years, 5%)

= 1,410 * 9.5491

= 13,464.231‬

= $13,464.23‬

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A. Come to more practices

C. Try to convince the coach to give them more money

D. Quit the team

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A pretty cool thing Dwight and Guillermo would want to do first is to stay calm and approach their coal for a raise since they commit equal time to the task as others. This is one of the best way to negotiate for a due raise.

Dwight and Guillermo might also feel cheated and be angry about their low pay which may eventually force them to want to quit the team. Often times, this is situation of knowing your worth and duly sticking to the perks of it.

They might also approach this problem by coming to more practices to impress their coach. This can further augment their visibility in the team, an action which they might duly be rewarded for.

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2 years ago
Tommy, a teenage boy who earns money mowing lawns, observed that Thacker nearby property had become overgrown. Tommy decided to
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Answer:

1. Which might be Tommy’s best argument to collect from Thacker?

A. An implied contract was formed.

2. Which is an example of a situation where intent to make an offer may be lacking?

D. All of the above.

3. Which is an example of a material (essential) term required to be included in an enforceable contract?

D. All of the above.

4. Which is not a way that an offer can be terminated by action of the parties?

B. Offeror performs acts inconsistent with the existence of the offer (e.g., transacts the same business with a different offeree).

Explanation:

The contract existing between Tommy and Thacker can be implied or express.   The legally-binding obligation that derives from the actions, conduct, or circumstances of Tommy and Thacker creates an implied contract with the same legal force as an express contract.  On the other hand, an express contract is voluntarily entered into and agreed on verbally or in writing by two or more parties.

8 0
2 years ago
If a company provides an online service that delivers physical products and services but does not exist as a brick-and-mortar st
grin007 [14]

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An e-brand is one that provides just an online service for merchandise sales. These companies do not have physical locations but rather show you all that they sell on their websites and then when you purchase something, they deliver it as a physical good. The most popular example of such is Amazon.

The advantage of such brands is that they get to save on the rental and other property costs related to establishing brick-and-mortar stores because they are online.

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2 years ago
Louis owns a stock that has an average geometric return of10.50 percent and an average arithmetic return of 11.00 percent over t
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Answer:

Average annual rate of return should Louis expect to earn over the next four years is 10.7%

Explanation:

The formula we are going o use is:

Expected\ Return=\{(\frac{R-1}{N-1})*i_{g}\}+\{(\frac{N-R}{N-1})*i_{a}\}

Where:

R is the number of years over which Louis expect to earn.

N is the number of years of average arithmetic return.

i_{g} is the average geometric return=10.50%=0.105.

i_{a} is the average arithmetic return =11%=0.11.

Solution:

Expected\ Return=\{(\frac{R-1}{N-1})*i_{g}\}+\{(\frac{N-R}{N-1})*i_{a}\}\\Expected\ Return=\{(\frac{4-1}{6-1})*0.105\}+\{(\frac{6-4}{6-1})*0.11\}\\Expected\ Return=0.107

Average annual rate of return should Louis expect to earn over the next four years is 10.7%

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Answer:

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The sources to obtain this type of advantages are varied and depend on the structure of the industrial sector itself, including economies of scale, the use of proprietary technology, preferential access to the raw material, among others.

The cost leadership strategy aims to make a company the leader, rather than several companies struggling to reach that position, as this implies tough rivalry and competition that can have unfavorable consequences for all.

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