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
natima [27]
2 years ago
9

The Distribution Point plans to save $2,000 a month for the next 3 years for future emergencies. The interest rate is 4.5 percen

t compounded monthly. The first monthly deposit will be made today. What would today's deposit amount have to be if the firm opted for one lump sum deposit that would yield the same amount of savings as the monthly deposits after 3 years?
Business
1 answer:
ch4aika [34]2 years ago
5 0

Answer:

A deposit of 36,922.02 dollars will be equivalent to the series of emergencies deposits of 2,000 starting today.

Explanation:

we need to know the future value of the emergencies deposit and then, calculate which lump sum can generate the same amount. As the deposit are done at the beginning It will be an annuity-due:

C \times \frac{(1+r)^{time} -1}{rate}(1+r) = FV\\

C 2,000

time      36 (3 years x 12 months per year)

rate 0.045

2000 \times \frac{(1+0.045)^{36} -1 }{0.045}(1+0.045) = FV\\

FV $180,082.6885

Now we calculate the lump sum which yield this amount as well:

\frac{Maturity}{(1 + rate)^{time} } = PV  

Maturity  $180,082.6885

time   36.00

rate  0.045

\frac{180082.68854409}{(1 + 0.045)^{36} } = PV  

PV   36,922.02

You might be interested in
Rachel initiated the practice of company visits as part of reaching out to her company’s loyal customers . She set up a campaign
USPshnik [31]

Answer:

Rachel has displayed the explicit concept of CSR

Explanation:

The corporate sector has a duty towards its very own business, investors as well as towards the society. Subsequently, every corporate unit must have a duty regarding the upliftment of society which is comprehensively considered as Corporate Social Responsibility (CSR).

The social duty of a business demonstrates standards and commitments by the corporate leadership to take proper activities which can ensure and improve the welfare of society alongside securing business interest.

Corporate social responsibility has been accepted more and more in the recent past. This is because the actions of the corporate sector most of the time cause negative effects to the society, therefor taking up this responsibility towards the society aims at giving back to the society while at the same time achieving their business goals.

The CSR can be divided two two main concepts; implicit and explicit Corporate social responsibility (CSR). Explicit CSR alludes to corporate rules and arrangements that accept and accountability in the interest of society.  They regularly comprise of deliberate projects by  companies to combine social and business worth and address issues viewed as being part of their social obligation. An example is a move by various corporations to provide relief aid to the victims of hurricane Katrina in 2005. On the other hand, implicit CSR refers to the role of corporations in the formal and informal institution for the benefit of the society. It usually comprises of qualities, standards  and rules which bring about obligatory and standard prerequisites that need to be addressed by the organizations.

A major key difference between implicit and explicit CSR is that implicit CSR is usually thought of as a mandatory and involuntary exercise as a reaction to it's environment, while explicit CSR is often seen as a deliberate and voluntary exercise. In our case, Rachel displayed the explicit concept of CSR since the intent was deliberate and voluntary towards the benefit of the society while at the same time improving the image of the company in the mind of the loyal customers.

7 0
3 years ago
Which of the following is not an input to the aggregate planning process? A. demand forecast B. cost information C. policies on
ale4655 [162]

Answer:

The correct answer is E. master production schedules.

Explanation:

Master production schedules is not an input to the aggregate planning process  all other options are its input,

Aggregate planning process is an attempt to respond to predicted demand within the constraints set by product, process and location decisions.

Hence, master production schedules is not a relevant input for this planning process but can be a result of the aggregate planning process. In other words master production schedule is formed after aggregated planning has been completed.

6 0
2 years ago
Read 2 more answers
Regression analysis models helped Avon realize that employee benefits and the appointment fee that representatives pay for mater
12345 [234]

Answer:

False

Explanation:

Correlation tells you if there is association between two or more variables. Regression analysis model allow you to predict one variable from the other.

7 0
2 years ago
. Alex has the option to invest in an asset. Her financial advisor has told her there is expected value (utility) of $20,000 on
LiRa [457]

Answer:

A) the probability that the asset will pay well is 51.16% and the probability that it pays poorly is 48.84%.

B) She should not invest in the asset because the expected value = the price asset, there is no expected profit.

Explanation:

There are 2 probable returns:

  1. Asset will pay well = P = $45,000
  2. Asset will pay poorly = 1 - P = $2,000

since the principal = $20,000, and the expected value = $20,000, the expected value equation would be:

45,000p + 2,000(1 - p) = 20,000

45,000 + 2,000 - 2,000p = 20,000

43,000p = 22,000

p = 0.5116 or 51.16%

1 - p = 48.84%

8 0
2 years ago
Burt owns a development company that specializes in constructing new, highly energy efficient houses. The best approach for an a
a_sh-v [17]

Answer:

The correct answer is: Cost approach.

Explanation:

The cost approach is used in real estate to give value to new houses based on the value of the land and the price of the construction. It is said to provide a more accurate return on recently built houses. The approach can be also used for old properties but depreciation must be included in the calculation of the house value.

7 0
2 years ago
Other questions:
  • ________ is a nondedicated revenue account and is the state's primary operating fund.
    8·1 answer
  • Andy worked weekends for a month to complete a difficult project. he hoped that he would receive a raise if he successfully comp
    15·1 answer
  • David is preparing a report to show the percentage increase in population in the United States in The Last 5 Years which feature
    8·1 answer
  • What may happen to Eli and his father? Check all that apply.
    6·2 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
  • Holton Company makes three products in a single facility. Data concerning these products follow:
    6·1 answer
  • Dotterel Corporation uses the variable cost concept of product pricing. Below is cost information for the production and sale of
    6·1 answer
  • Which analogy best represents the relationship between jobs and careers?
    8·2 answers
  • Cold Goose Metal Works Inc. just reported earnings after tax (also called net income) of $9,000,000 and a current stock price of
    6·1 answer
  • According to this excerpt, what is one major way in which the World Bank differs from a regular bank? The World Bank is a source
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!