a couple needs $60,000 as a down payment for a home. if they invest the $45,000 they have at 8% compounded quarterly, how long will it take for the money to grow to $60,000? (round your answer to the nearest whole number.)
Answers
For the money to grow to $60,000, It will take 4 years.
The formula for calculating Compound Interest is
\(A = P(1+\frac{r}{n} )^n^t\)
P is the original amount you borrow or deposit, or the primary amount.
r is the interest rate per year.
t is the number of years over which the deposit or loan is made.
A is the total amount of money after n years, including interest.
There are n times each year that interest is compounded.
A = $60,000
P = $45,000
r = 8% = 0.08
n = 4
We are to look for t = number of years the amount is deposited or borrowed for
\(60,000 = 45,000 (1+\frac{0.08}{4} )^4^t\)
\(60,000= 45,000 (1.02)^4^t\)
\(\frac{60,000}{45,000}=(1.02)^4^t\)
\(1.33 = (1.02)^4^t\)
Simply into exponential on both sides,
\((1.02)^{14.40} = (1.02)^{4t} \\\)
use logarithms on both sides
\(In(1.02)^{14.40} = In(1.02)^{4t} \\\)
\({14.40} \times In(1.02) = 4t \times In(1.02) \\\)
Divide by In(1.02) on both sides
\(4t = 14.40\)
\(t=\frac{14.40}{4} \\\\t = 3.6\)
Rounding off nearest to the whole number = 4 years
Thus, It will take around 4 years for the money to grow to $60,000.
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Related Questions
The market for mobile phones contains only a few major producers. if more mobile phone producers enter the market, what will happen?
Answers
If more mobile phone producers enter the market, the market will become more competitive and there will be a greater quantity of the good available in the market.
A hypothetical market system is referred to as perfect competition. Perfect competition offers a valuable model for illustrating how supply and demand influence pricing and behavior in a market economy, despite perfect competition seldom occurring in actual markets. There are numerous buyers and sellers in a market with perfect competition, and prices always reflect supply and demand. Producers only make as much money as is necessary to stay in operation. Other businesses would enter the market and reduce revenues if they were to make excessive profits.
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Identify some of the reasons why Congress passed the Sarbanes-Oxley Act.
A) To decrease management's responsibility of the accounting reports issued by the company
B) To help stop financial abuses at companies that issue their stock to the public
C) To require public companies to document and verify their internal controls.
Answers
Answer: C) To require public companies to document and verify their internal controls.
Explanation:
The Sarbanes-Oxley Act was passed in the year 2002 and represented an unprecedented increase in influence of the Government on the activities of public companies.
Passed in the aftermath of several financial scandals such as the Enron and Worldcom scandals, SOX as it is usually referred to, aimed to make companies more accountable for their actions by amongst other things, requiring that they document and verify their internal controls and made it the responsibility of senior management to ensure that it was done.
Accounting project 2.3.1 ap3x learning?
Answers
Answer:
Answer:
P (A or B)= 0.65
Explanation:
Step-by-step explanation:
Given
P(a) = 0.60
P(b) = 0.20
P(a and b) = 0.15
in the long run a company that produces and sells pizzas incurs total costs of $1,050 when output is 90 pizzas and $1,200 when output is 100 pizzas. the pizza company exhibits
Answers
Answer:
The diseconomies of scale because average total cost is rising as output rises.
Explanation:
challenging but highly achievable budgets increase the likelihood that lower-level managers will engage in undesirable behavior to secure their desired compensation. true/false
Answers
The statement is False. Challenging but highly achievable budgets increase the likelihood that lower-level managers will engage in undesirable behaviour to secure their desired compensation.
The term budget alludes to an assessment of income and costs over a predetermined future timeframe and is generally gathered and reconsidered on an occasional premise. Budgets can be made for any element that needs to burn through cash, including legislatures and organizations, alongside individuals and families at any pay level.
To deal with your month-to-month expenses, plan for life's unusual occasions, and have the option to bear the cost of first-class things without straying into the red, planning is significant. Monitoring the amount you acquire and spend doesn't need to be drudgery, doesn't expect you to be great at math, and doesn't mean you can't buy the things you need. It simply implies that you'll know where your cash goes, and you'll have a more prominent command over your funds.
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why is it important to not let slides distract from you
Answers
Answer:
because they are fun and if you get distracted you don't want to finish what you are doing
Answer: Because what if you have to go to school and you stop bye a park and u just sliding on the slide u late to school so make sure when u see a slide walk away i mean runnnnnnnn away
Explanation:
When listing work experience,class project, special skills in activities on your résumé, what is important to remember?
Answers
Answer: Employers, Role, Responsibility, Where and Dates
Explanation: To make sure you're not lying they would want to look into when and where this happened.
So the easiest way to do that is to include where you were, or were working at. As well as who hired you + What the job's name was. Make sure to always include important details
Answer: You should list the things that are related to the job you are applying for
Explanation: When making your resume for a new job, you should list your experiences, class projects, and or special skills that are related to this job. If you have random things in your resume, they will be less than helpful to getting your new position.
In which countries do people prefer discussing business during meals?
Answers
Your product costs $1.50 to make.
You are selling it for a price of
$2.50. What is your gross margin?
[?]%
Answers
Answer:
40%
Explanation:
2.50-1.50/2.50=0.4
career question will mark first answer brainliest
Answers
Answer:
B.
Explanation:
I hope that helps!!!!!!!!
multiple choice change in rate of diffusion is unpredictable. the rate of diffusion decreases. change in rate of diffusion is unaffected. diffusion halts. the rate of diffusion increases.
Answers
The concept is Diffusion, the movement of anything generally from a region of higher concentration to a region of lower concentration. This is option A.
As the temperature increases, the rate of diffusion becomes briskly due to the increase in the kinetic energy of the patches. prolixity is caused by the movement of tittles or motes from an area of advanced attention to an area of lower attention.
When the temperature rises, the kinetic energy of matter increases and there's further mixing of matter. Due to this increase in kinetic energy, flyspeck stir increases, which increases the rate of prolixity.
Diffusion is defined as the movement of individual motes of a substance through a semipermeable hedge from an area of advanced attention to an area of lower attention.
Question:
When the temperature rises,
A. Increase in diffusion rate
B. The baud rate change is unpredictable
C. stop the transmission.
D. The transmission speed change remains unchanged
E. the speed of propagation is slowing down.
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How much pretax income does it currently take tawana to generate the $8,000 (after-taxes) given to jonathon?
Answers
To generate the $8,000 after-taxes given to Jonathon currently takes Tawana $10,000 in pre-tax income .
To determine the pre-tax income needed for Tawana to generate $8,000 after taxes given to Jonathon,
Consider the applicable tax rate.
Assuming the tax rate is 20%, calculate the pre-tax income as follows,
Post-tax income = Pre-tax income - Tax amount
$8,000 = Pre-tax income - (0.2× Pre-tax income)
Simplifying the equation,
$8,000 = Pre-tax income - 0.2 × Pre-tax income
$8,000 = 0.8 × Pre-tax income
Dividing both sides by 0.8,
Pre-tax income = $8,000 / 0.8
Pre-tax income = $10,000
Therefore, it currently takes Tawana $10,000 in pre-tax income to generate $8,000 after taxes given to Jonathon assuming a 20% tax rate.
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Which of the following countries did not trade with the Phoenicians?
O Babylonia
Japan
O Egypt
Greece
Answers
Japan
in the distribution of the debtor’s estate, unsecured creditors take priority over secured creditors. True or false?
Answers
The statement "In the distribution of the debtor's estate, unsecured creditors take priority over secured creditors" is false. In the distribution of a debtor's estate, secured creditors have priority over unsecured creditors.
Secured creditors have a security interest in specific assets, which means they have a legal right to those assets in the event of the debtor's insolvency or bankruptcy. This security interest provides them with priority during the distribution of the debtor's estate.
On the other hand, unsecured creditors do not hold any security interest in the debtor's assets. In the event of the debtor's insolvency or bankruptcy, unsecured creditors will be paid only after all secured creditors have been satisfied.
In summary, secured creditors have priority over unsecured creditors in the distribution of the debtor's estate due to their security interest in specific assets.
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provide a defination of GAAP
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Answer:
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Generally accepted accounting principles, or GAAP, are a set of rules that encompass the details, complexities, and legalities of business and corporate accounting. The Financial Accounting Standards Board (FASB) uses GAAP as the foundation for its comprehensive set of approved accounting methods and practices.
On December 1, Home Store sells a mower (that costs $260) for $560 cash with a one-year warranty that covers parts. Warranty expense is estimated at 12% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $39 in materials taken from the Parts Inventory.
Answers
Warranty Expense: For the mower it sold on December 1 is $67.20 ($560×0.12).Parts Inventory: Parts Inventory is decreased by $39.
What is Warranty ?Warranty is a guarantee that a manufacturer or seller provides to the consumer, stating that a product will meet certain criteria or specifications. This is typically in terms of quality, performance, and durability. Warranties also provide protection against defects in materials and workmanship. In most cases, a warranty is provided as part of the purchase of a product. It may be included in the form of a written document, or be implied by the seller. The length of the warranty period varies depending on the product, and typically covers repair, replacement, or refund of the purchase price. Some products may even include an extended warranty period.
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Your friend, Alicia, is a graduating senior about to head to college in the fall. Alicia has a single checking account and is eager to open a savings account. After reading this article, she is inspired to open up multiple savings accounts to work towards her goals. Do you think it’s a good idea for Alicia to do so? Why or why not?
Answers
Answer:
It is good
Explanation:
Alicia would have an easier time splitting money and saving money towards different goals. Such as putting 40% of your paycheck into savings and splitting the 40% into 10% for each savings account.
The following data (in thousands of dollars) have been taken from the accounting records of XYZ corporation for the just completed year
Administrative expenses
Direct labor Finished goods inventory, beginning
Finished goods inventory, ending
Manufacturing overhead
Purchases of raw materials Raw materials inventory, beginning
Raw materials inventory, ending
Sales
Selling expenses Work in process inventory, beginning
Work in process inventory, ending
$ 600
800
280
640
920
480
160
280
3,960
560
280
200
Calculate net income
Answers
Given: The following data (in thousands of dollars) have been taken from the accounting records of XYZ corporation for the just completed year.
Administrative expenses = $ 600Direct labor = $ 800Finished goods inventory, beginning = $ 280Finished goods inventory, ending = $ 640Manufacturing overhead = $ 920Purchases of raw materials = $ 480Raw materials inventory, beginning = $ 160Raw materials inventory, ending = $ 280Sales = $ 3,960Selling expenses = $ 560Work in process inventory, beginning = $ 280Work in process inventory, ending = $ 200Formula to calculate net income is:Net income = Sales - Cost of goods sold - Operating expenses.
Net income = Sales - (Beginning inventory + Purchases - Ending inventory) - Operating expenses Cost of goods sold = (Beginning inventory + Purchases - Ending inventory)Cost of goods sold = (Finished goods inventory, beginning + Cost of goods manufactured - Finished goods inventory, ending)Cost of goods manufactured = Direct labor + Manufacturing overhead + Raw materials used Beginning inventory of raw materials = $ 160Ending inventory of raw materials = $ 280
perating expenses = Administrative expenses + Selling expensesOperating expenses = $ 600 + $ 560 = $ 1,160Net income = Sales - (Beginning inventory + Purchases - Ending inventory) - Operating expensesNet income = $ 3,960 - ($ 280 + $ 480 - $ 640) - $ 1,160Net income = $ 400Answer: $ 400.
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Trevor wants everyone in his office to use their electronic calendar to track appointments.
Why would this help the business be more efficient? How can communication be
enhanced by using an electronic calendar?
Grading Rubric
Content
Completes all components of the questions.
Answers
Electronic calendar for scheduling For people who need to access their schedule across numerous devices and are always on the road, digital planners may be more practical.
Why is utilizing calendar software to request a meeting important?A lot of individuals use it to issue invitations when they need to get in touch with multiple people at once and keep an organized record of their event planning. Each invitation saved with this program is an email that you can access at a later time.
What advantages do digital calendars offer?They can quickly set up and manage events, appointments, and reminders, or even delegate the task to their helpers who are located halfway around the world. Smartphones and mobile-friendly digital calendars are now available.
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Roberto Sanchez, CFA, and Andreas Lopez, CFA, worked as financial analysts for OneWorld Analytics for years. While at OneWorld, Lopez created a highly complex financial valuation model with Sanchez making small contributions to its development. Recently, Lopez left OneWorld to start his own company using a simplified model he developed prior to joining OneWorld. Over a six-month period, he improves this software, duplicating features he used at OneWorld. His upgraded program produces predictions similar to the results of the OneWorld program. At OneWorld, Sanchez continues to use the complex model he and Lopez developed and attains superior results. Whose behavior most likely conforms to the CFA Institute Standards of Professional Conduct?
a. Lopez but not Sanchez
b. Sanchez but not Lopez
c. Both Lopez and Sanchez
Answers
micro manufacturing reports net income of $868,000. depreciation expense is $76,000, accounts receivable increases $40,000 and accounts payable decreases $25,000. Calculate net cash flows from operating activities using the indirect method. (Omit the "$" sign in your response.)Net cash flows from operating activities
Answers
Net cash flows from operating activities is $1,005,000. To calculate net cash flows from operating activities using the indirect method, we need to start with the net income figure and adjust for non-cash items and changes in working capital.
First, we need to add back the depreciation expense of $76,000, which is a non-cash expense that reduces net income but does not involve any cash outflows. This gives us an adjusted net income of $944,000 ($868,000 + $76,000). Next, we need to adjust for changes in working capital. Accounts receivable increased by $40,000, which means that the company's customers owed it an additional $40,000 at the end of the period compared to the beginning. Since accounts receivable is an asset, an increase in this account reduces cash flows from operating activities. Therefore, we need to subtract $40,000 from the adjusted net income. On the other hand, accounts payable decreased by $25,000, which means that the company owed its suppliers $25,000 less at the end of the period compared to the beginning. Since accounts payable is a liability, a decrease in this account increases cash flows from operating activities. Therefore, we need to add $25,000 to the adjusted net income. Therefore, the net cash flows from operating activities using the indirect method can be calculated as follows:
Adjusted net income: $944,000
Add back depreciation expense: +$76,000
Subtract increase in accounts receivable: -$40,000
Add decrease in accounts payable: +$25,000
Net cash flows from operating activities: $1,005,000
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Offering extrinsic rewards as a motivator fits best with which theory of learning?
Answers
Answer: Extrinsic Motivation
Explanation:
Select the examples that best demonstrate likely tasks for Revenue and Taxation workers. Check all that apply.
Brenda works for the IRS reviewing paperwork.
Jenny reviews buildings to determine how much money they are worth
Luke administers tests for driver licenses.
Vernice negotiates with foreign officials in a U.S. embassy.
Kareem advises businesses to make sure they handle their finances correctly.
Parker takes notes during city council meetings and creates reports for council members.
Answers
Awnser: A, B, and E.
Answer:
a b e is correct
Explanation:
Melissa plans to become a nurse. What would be a good extracurricular activity for Melissa during high school? O A. O B. O C. O D. joining the cheerleading squad taking charcoal drawing lessons participating in gymnastics volunteering at a health clinic after school
Answers
Answer:
Volunteering at a health clinic after school
Explanation:
If Melissa plans on becoming a nurse, she should look for extracurriculars which could help support her in her future years. Volunteering at a health clinic could provide her with hands on experience opposed to cheerleading or charcoal drawing which are good for hobbies and fun activities. But if Melissa really has a passion to become a nurse she should look for extracurriculars which not only interest her but may be of benefit to her.
Tomas invests $9000 at 5.5% interest for 19 months.
A.) How much interest is earned over the 19 month period?
B.) How much is in the account at the end of the 19 month period?
Answers
The interest earned over the 19-month period is $782.25 and the amount of money in the account at the end of the 19-month period is $9782.25.
Given data:Tomas invests $9000 at 5.5% interest for 19 months.Formula to calculate interest: Interest = Principal × Rate × TimeLet us calculate the interest earned over the 19-month period using the above formula:Interest = $9000 × 0.055 × (19/12) = $782.25Therefore, the interest earned over the 19-month period is $782.25.Let us calculate the amount in the account at the end of the 19-month period:
The formula for calculating compound interest is given by the following formula: A = P(1 + r/n)^ntwhere A is the amount, P is the principal, r is the annual interest rate, n is the number of times the interest is compounded per year, and t is the time in years.To calculate the amount in the account at the end of the 19-month period using the above formula: A = 9000(1 + 0.055/4)^(4*19/12)= $9782.25Therefore, the amount of money in the account at the end of the 19-month period is $9782.25. The net present value (NPV) of the acquisition can be calculated by using the formula of NPV, which is the present value of future cash flows minus the cost of investment.
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The stage in which the sales of a service start to lesson is called the
Answers
Answer: decline stage
Explanation:
identify and explain two characteristics of the packaging of the chocolate bars
Answers
hope it helps you
thank you
Which are guidelines for using Themes?
Check all that apply.
A. Using different cell styles can help you differentiate different types of data.
B. Fonts should be easily readable and of appropriate size.
C. You cannot customize the default themes.
D. Be consistent with themes across worksheets and workbooks.
E. Applying a new theme will only change cells in a workbook that have no other formatting applied.
Answers
Answer:
I think it's D. or A. or B. but I mostly think it's D. Be consistent with themes across worksheets and workbooks
Statements that explains the guidelines when using a Theme are: A. Using different cell styles can help you differentiate different types of data.
B. Fonts should be easily readable and of appropriate size.
C. You cannot customize the default themes.
WordPress theme can be regarded as a group of files, these file can contains graphics, style sheets as well as code, which will give overall appearance of a blog or website.In using this, we can follow some guidelines such as; making use of more than a cell can help in differentiatiation of different types of data, default themes cannot be customized, and the selection of fonts should be made carefully.Therefore, option, ABC are correct.
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An entrepreneur is a person who does not undertake a business venture.
True
False
Answers
Answer:
false
Explanation:
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....
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Company Large in the primary metal manufacturing subsector buys copper ore from a mining company and refines it to make wiring. Company Small in the computer manufacturing subsector buys the copper wiring and uses it to produce communication equipment and cables. How many more production workers for every 600 full-time employees would you expect to find at Company Large than at Company Small?
Company Small will have about 25 more production workers than Company Large.
Company Small will have about 50 more production workers than Company Large.
Company Small will have about 125 more production workers than Company Large.
Company Small will have about 75 more production workers than Company Large.
Answers
Answer:
Company Small will have about 50 more production workers than Company Large.
Explanation:
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