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weeeeeb [17]
1 year ago
6

Kern Company deposited $1,000 in the bank on January 1, 2017, earning 8% interest. Kern Company withdraws the deposit plus accum

ulated interest on January 1, 2019. Compute the amount of money Kern withdraws from the bank assuming that interest is compounded (a) annually, (b) semiannually, and (c) quarterly.
Business
1 answer:
GenaCL600 [577]1 year ago
7 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Kern Company deposited $1,000 in the bank on January 1, 2017, earning 8% interest. Kern Company withdraws the deposit plus accumulated interest on January 1, 2019.

We need to use the following formula:

FV= PV*(1+i)^n

A) i= 0.08 n=2

FV= 1000*(1.08^2)= $1,166.4

B) i= 0.08/2= 0.04    n= 4

FV= 1,000*(1.04^4)= $1,169.86

C) i= 0.02    n= 8

FV= 1,000*(1.02^8)= $1,171.66

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The answer is <u>"120 skiers per day".</u>

On average, 1,200 skiers in the village

On average, skiers stay in lavilla for 10 days

how many new skiers are arriving = ?

Applying Little's Law,

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4 0
2 years ago
Bragmore is a successful businessman who
Marysya12 [62]

Bragmore should lend his spare pair of goggles to his primary competitor Aprince and should play fair.

<u>Explanation:</u>

Winning is very important in a competition but more than winning what matters more is playing fair and playing hard to compete with your competitors where every one is given equal chances to show their strength and capabilities.

Even though not giving goggles to his primary competitor will increase the chance of Bragmore to win the race easily and he will win the cash prize but that would not be a fair fight. So he should fight giving equal opportunities to his competitor also and give his spare goggles to his competitor.

8 0
2 years ago
Raj, a senior engineer at a manufacturing firm, leads a designing team from the home country, while the team works from the host
anzhelika [568]

Answer:

The correct option is b.

Explanation:

Telephone as the fastest approach would be using a telephone. This mode is the fastest mode of communication for Raj to communicate with his team immediately.

6 0
2 years ago
Washington inc. issued $705,000 of 6%, 20-year bonds at 98 on January 1, 2009. Through January 1, 2017, Washington amortized $8,
cestrela7 [59]

Answer:

$20,000

Explanation:

Bond discount at the issuance of bond:

= Worth of Bonds issued -  [(Worth of Bonds issued ÷ 100) × Issue price]

= 705,000 - [($705,000 ÷ 100) × 98]

= $705,000 - $690,900

= $14,100

Bond Payable = $705,000

Unamortized bond discount:

= Bond discount at the issuance of bond - Amortized amount

= $14,100 - $8,200

= $5,900

Redemption Value of Bond = Retired price of bonds × 7,050

                                              = 102 × 7,050

                                              = $719,100

Loss on retirement on Bond:

= Redemption Value of Bond - (Worth of Bonds issued -  Unamortized bond discount)

= 719,100 - (705,000 - 5,900)

= 719,100 - 699,100

= $20,000

6 0
1 year ago
The HR department at Trevor Communications oversees the recruitment and training of employees at the firm.As the firm grows and
Katarina [22]

Answer:

C) A learning management system

Explanation:

Analyzing the above scenario, it is clear that the learning management system would be very useful to the HR department at Trevor Communications.

This system can be defined as a learning process that takes place in a virtual way, in an environment where each individual can access learning content in an interactive and dynamic way, by accessing a tool that contains the content and information necessary for specific learning.

This system confers several advantages to the organization, such as the elimination of personnel costs, greater ease of monitoring and follow-up, greater availability, ease of implementation and evaluation.

7 0
1 year ago
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