Explain compound interest AND compute the balance in your savings at the end of each year if you earn 3% interest per year compounded annually on an original balance of $10,000. You need to compute the interest for Year 1, 2 & 3. Show all work.
Answers
P = $10,000, r = 0.03, n = 1 (since it's compounded annually), and t = 1, 2, and 3 for Year 1, 2, and 3 respectively.
\(A = 10000(1 + 0.03/1)^(1*1)\)
\(A = 10000(1.03)^1\)
A = 10300
Compound interest is the interest that is calculated not only on the initial amount of money deposited into an account, but also on the accumulated interest from previous periods.
In other words, it is interest earned on both the principal amount and any interest that has already been earned.
To compute the balance in your savings at the end of each year with a 3% interest rate compounded annually on an original balance of $10,000, you can use the formula:
\(A = P(1 + r/n)^(nt)\)
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Related Questions
Select the examples that best demonstrate likely tasks for Business Financial Management and Accounting workers.
Check all that apply
Horace documents information about a company's spending on a computer
Sun creates a budget to show how money will be used
Noel creates goals and policies for a company and presents them at a meeting
Jermaine researches a company's potential customers and ways to sell to them.
Selina helps employees and management to negotiate and come to agreement.
Aubrey checks documents and reports to make sure they are accurate and complete
Answers
Answer:
A.) Horace documents information about a company’s spending on a computer.
B.) Sun creates a budget to show how money will be used.
F.) Aubrey checks documents and reports to make sure they are accurate and complete.
Explanation:
I did the assignment
Answer:
A.) Horace documents information about a company’s spending on a computer.
B.) Sun creates a budget to show how money will be used.
F.) Aubrey checks documents and reports to make sure they are accurate and complete.
Explanation:
took it on edge 2020 and got it right
If you could replace all of the grass in the world with something else, what would it be and why?
Answers
Answer:
I would replace it with cannabis, everyone is happier when there is green :)
Explanation:
Answer:
I would replace it with oil because oil is a rare resource
Explanation:
Randall wants to become a certified public accountant. To accomplish this, he must be certified by the ________ in which he plans to provide accounting services.
Answers
He must be certified by the state in which he plans to provide accounting services.
For a person or an individual to have the license to operate as a certified public accountant such person must be certified by the state in which he or she plans to render accounting service to.
In order to be a certified or qualified public accountant all the necessary requirement must be meant by the person.
The person must sit for the CPA examination and must pass the certified public accountant examination before being certified to operate as one by the state.
Inconclusion he must be certified by the state in which he plans to provide accounting services.
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Measuring the potential cost of business start-up
Answers
The potential cost of starting a business can vary significantly depending on a variety of factors, including the type of business, the location, the size, and the industry.
Here are some key areas to consider when measuring the potential cost of a business start-up:
Legal and administrative costs: This includes expenses such as registering the business, obtaining necessary licenses and permits, and hiring a lawyer or accountant to assist with legal and financial matters. The cost can range from a few hundred dollars to several thousand depending on the complexity of the business structure and the location.
Equipment and supplies: Depending on the nature of the business, equipment and supplies can be a significant expense. This includes items such as computers, furniture, inventory, and tools. The cost can vary widely depending on the type of business and industry.Marketing and advertising: Getting the word out about your business can be crucial for success, and this can come with a cost. This includes expenses such as creating a website, printing business cards and running ads on social media or traditional media. The cost can vary widely depending on the level and reach of the marketing efforts.Rent and utilities: If you plan to have a physical location for your business, you'll need to consider the cost of rent and utilities such as electricity, water, and internet. The cost will depend on the location, size, and type of space you need.Employee wages and benefits: If you plan to hire employees, this can be a significant expense. The cost will depend on the number of employees you need, their skill level, and the benefits you offer.Contingency fund: It's important to have a contingency fund to cover unexpected expenses or emergencies that may arise during the start-up phase of your business. It's recommended to have at least three to six months of operating expenses saved.Overall, the potential cost of starting a business can vary widely depending on the industry, location, size, and other factors. It's essential to have a detailed business plan and budget in place to accurately measure the potential cost and ensure that you have the necessary funds to start and sustain your business.
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Industry Y is dominated by five large firms that hold market shares of 41, 21, 17, 9, and 12 percent. The four-firm concentration ratio for this industry is
Answers
The four-firm concentration ratio for this industry is 91% if a Industry Y is dominated by five large firms that hold market shares of 41, 21, 17, 9, and 12 percent.
To calculate the four-firm concentration ratio for Industry Y, we need to add up the market shares of the four largest firms.
The four largest firms in Industry Y hold market shares of 41, 21, 17, and 12 percent.
When we add these percentages together, we get:
41% + 21% + 17% + 12% = 91%
The four-firm concentration ratio for this industry is 91% if a Industry Y is dominated by five large firms that hold market shares of 41, 21, 17, 9, and 12 percent.
Therefore, the four-firm concentration ratio for Industry Y is 91%. This means that the four largest firms in the industry control 91% of the total market share.
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PLEASE HELP
Just give me ideas please
Answers
- Abuse of power
- Cancel Culture
- Lack of interest
- School Curriculum
- Conflict in trade
- Mental health
- Loss of a loved one
- Natural talent vs practice
Select the correct answer.
What is an opportunity cost?
Olost benefits of other opportunities
cost of taking up an opportunity
costs incurred to receive the benefits of an opportunity
O costs incurred when the wrong opportunity is selected
Answers
Answer:
lost benefits of other opportunities
Explanation:
Answer: lost benefits of other opportunities
Explanation:
zenith company's merchandise inventory account the adjusting entry to record this 1370 of inventory shrinkage is
Answers
The adjusting entry to record this transaction by Zenith company will be:
Cost of goods sold A/c ......Dr. $1370
Merchandise inventory A/c......Cr $1370
Inventory shrinkage is the term used to describe the missing $1,370 in inventory that was discovered during the physical count. When a product is damaged or has expired, inventory shrinkage may take place. These journal entries will need to be made when the company experiences shrinkage.
Cost of goods sold A/c ......Dr. $1370
Merchandise inventory A/c......Cr $1370
So, this entry shall be passed for as an adjusting entry
In the scenario, inventory declines while the cost of goods sold rises.
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each intermediary in the marketing channel ______.
Answers
Answer:
There are four main types of intermediary: agents, wholesalers, distributors, and retailers. A firm may have as many intermediaries in its distribution channel as it chooses. It can even have no intermediaries at all, if it practices direct marketing
Basically, all the intermediaries in marketing channel adds value in terms of the functions they performs.
The distribution of goods is made possible through Channels of distribution, but the Intermediaries are independent entities within the channel that make the product available for consumption.
The intermediaries in the Marketing channel includes the agents, wholesalers, distributors and retailers.
Therefore, all the intermediaries in marketing channel adds value in terms of the functions they performs.
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Which of the following is a personal benefit of eaming a college degree?
A. You have more friends.
B. You are more likely to exercise.
C. You have a longer life expectancy.
D. You are more likely to vote for the right candidate.
Answers
Answer:
Option B !!!!! :))
Explanation:
The pipe located underneath Jiro’s kitchen sink was leaking and he did not know how to fix it. He called a plumber who agreed to come fix the leaking pipe in exchange for $125 plus the cost of any parts. The plumber went to Jiro’s home, removed the old pipe that was leaking, and replaced it with a new pipe that the plumber brought with her. When the plumber was finished, she told Jiro that the total cost was $140 and Jiro promptly paid her. Was this a voluntary exchange? Why or why not?
A
Yes, because both parties willingly entered the exchange and benefited from it.
B
Yes, because one party exchanged money with another party for a good or service.
C
No, because Jiro was not aware of the final cost before he agreed to the exchange.
D
No, because the plumber’s service was not equal in value to the money paid by Jiro.
Answers
Answer:
A
Explanation:
It’s not b
The given statement clearly states that it was a voluntary exchange because both parties willingly entered the exchange and benefited from it. Hence, Option A is correct.
What is a voluntary exchange?
Buyers and sellers engaging in market exchanges voluntarily and freely is known as voluntary exchange. A basic tenet of both classical and neoclassical economics, which serve as the foundation for modern mainstream economics, is voluntary exchange.
A transaction when two persons freely exchange products or services is referred to as a voluntary exchange. This happens in a market economy, a form of economy where both parties to an interaction benefit from it and come out ahead than they did before.
Given that both parties entered the voluntary exchange and benefited from it, it is apparent that the transaction was voluntary.
Therefore, Option A is correct.
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According to finance theory, firms should attempt to maximize the _ price of the firm's common stock. The benefit to this objective is that it provides the best financial outcome for the firm's _. To expand her portfolio, Genii recently purchased 400 shares of common stock in the Fourth Financial Services Corporation, a banking firm in North Carolina. The current market price of Fourth Financials' common stock is $19.80 per share. Genii's total wealth from her investment in Fourth Financial Services Corporation is _. Two years have passed since Genii purchased her 400 common shares in the fourth Financial Services Corporation. The market price of the company's shays is now $16.83 per share. As a result, Genii's wealth from her investment in Fourth Financial has _ by _ assuming that everything else remains constant.
Answers
According to finance theory, firms should attempt to maximize the market price of the firm's common stock. The benefit of this objective is that it provides the best financial outcome for the firm's shareholders.
Genii's wealth from her investment in Fourth Financial Services Corporation is $7,920.
This is because she owns 400 shares of common stock in the company, and the current market price of Fourth Financial's common stock is $19.80 per share.
Therefore, her total wealth would be 400 * 19.80, which is equal to $7,920.Two years have passed since Genii purchased her 400 common shares in Fourth Financial Services Corporation.
The market price of the company's shares is now $16.83 per share. As a result, Genii's wealth from her investment in Fourth Financial has decreased by $1,188, assuming that everything else remains constant.
The decrease in the value of Genii's investment is due to the decline in Fourth Financial's market price per share. The total market value of her shares is now 400 * 16.83, which is equal to $6,732.
By subtracting her current wealth of $6,732 from her original wealth of $7,920, we get a decrease of $1,188.
In conclusion, the finance theory suggests that firms should try to maximize the market price of their common stock to provide the best financial outcomes for their shareholders. Genii invested in Fourth Financial Services Corporation, and her wealth from this investment was initially $7,920. However, after two years, the market price of Fourth Financial's common stock declined to $16.83 per share, causing a $1,188 decrease in her wealth from this investment.
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what are two advantages of paying regular bills by direct debit?? :)
Answers
Answer:
It spreads the costs. Paying your regular bills or business outgoings by Direct Debit allows you to spread costs over a period that you agree with the organisation you are paying.
It's flexible.
Answer:Two advantages of paying regular bills by direct debit are:
1. Convenience: With direct debit, your bills are automatically paid from your account without you having to remember to make payments manually. This saves you time and hassle, as you don't have to worry about missing payments or remembering due dates.
2. Avoiding late fees: Direct debit ensures that your bills are paid on time, every time, which can help you avoid late fees and other penalties. This can be especially useful if you have a busy schedule and may forget to make payments on time.
Hi! Two advantages of paying regular bills by direct debit are:
1. Convenience: Direct debit automates the payment process, ensuring that your bills are paid on time without the need for manual intervention.
2. Budgeting: With regular and fixed payments, direct debit helps you better manage your finances by making it easier to plan your monthly expenses.
1. Many media outlets have reported extensively on the long wait times for veterans seeking medical attention through VA hospitals. Several of those outlets neglected to cover the federal corruption and bureaucratic difficulties that led to the poor care of veterans. This is an example of
Answers
Answer:
Bias by omission
Explanation:
This is an example of bias by omission. Bias by omission occurs when a media outlet leaves out one side of a story or one aspect of a story.
"We want to get your advice on the SAA (an allocation for the long term to achieve investment objectives) proposed by SAM. We don't think the proposed SAA is appropriate for our investment needs. However, we are unsure what SAA will be best suited for our needs. Can you identify a better asset allocation and explain why you changed the allocation (current to new) for each asset?
Answers
SAM (Strategic Asset Management) is a financial advisory firm that provides customized investment solutions and strategies to its clients. SAA (Strategic Asset Allocation) is a plan or a model that is designed to achieve long-term investment objectives.
The proposed SAA may not be appropriate for all investors as it may not suit their investment needs. It is therefore important to identify the best asset allocation that suits the investment needs of each individual investor. As a financial advisor, I recommend a better asset allocation that will be best suited for your investment needs.
A more aggressive allocation would be the best option for you. This allocation involves investing in more equities (stocks) than fixed-income securities (bonds). The current allocation of your portfolio is 70% fixed-income securities and 30% equities.
The proposed allocation is 60% fixed-income securities and 40% equities. This allocation is not aggressive enough to meet your investment goals. Therefore, the more aggressive allocation would be as follows: 80% equities and 20% fixed-income securities.
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free 27 points, come on up, and see if u can earn them- i act weird
Answers
Answer:
haha i am wierd too i feel u
Explanation:
Answer:
i shall win them and im wierd also.
Explanation:
Prompt
What is debt?
Answers
Answer:
debt is when you spent more money than you had
Which of the following should be the first step when considering data mapping?
Develop the budget for the mapping personnel to complete the project
Define the business case for the project and specify the goals of the development
Identify and purchase mapping tools and software to use in the project
Negotiate the maintenance plans for the map with the terminology standards developers
Answers
The first step when considering data mapping should be to define the business case for the project and specify the goals of the development.
Defining the business case and specifying the goals of the development is essential before proceeding with any other steps in data mapping. This step involves understanding the purpose and objectives of the data mapping project, as well as identifying the specific needs and requirements of the organization.
By establishing a clear business case and defining the goals, it provides a solid foundation for the entire data mapping process. It helps align the project with the organization's overall strategy and ensures that the mapping efforts are focused and targeted towards achieving specific outcomes.
Once the business case and goals have been defined, the organization can then move on to other steps such as developing a budget, identifying and purchasing mapping tools and software, and negotiating maintenance plans. However, without a clear understanding of the business case and goals, these subsequent steps may lack direction and may not effectively address the organization's needs. Therefore, it is crucial to prioritize defining the business case and specifying the goals as the initial step in data mapping.
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TIME REMAINING
50:38
Which of these organisms have no seeds and no specialized tissues?
sequoia trees
orange trees
club moss
liverworts
Answers
Answer:
club moss I believe for it is a more simple organism
Answer:
It's D. Liverworts
Explanation:
I took the test on Edge
1. When something is balanced, it is evenly distributed on all sides. When
you're talking about a budget, it means income equals
——-
Answers
When something is balanced, it is said to evenly distributed on all sides. When you are talking about a budget, it means income equals to the expenditures.
A balanced budget which is particularly that of a government, is a budget in which the revenues are equal to expenditures. So here, neither a budget deficit nor a budget surplus exists. However, generally, it is a budget which has no budget deficit, but could possibly have a budget surplus.
In the financial planning or the budgeting process, a balanced budget refers that revenues are equal to or they also can be greater than the total expenses.
Hence, a budget can be considered balanced after a full year of revenues and expenses have been incurred and recorded.
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are facial movements that convey emotional messages
Answers
By observing a person's emotions one can identify the person's emotions.
The Colvilles are buying a new car. The cash price is $35,000.00. They will make a down payment of 20% or $5,000. The balance will be covered by an installment loan. The loan will be repaid in 48 monthly payments of $651. The annual percentage rate for the loan is ____
%. (Round your answers to two decimal places.)
Answers
1.07% will be the Annual Percentage for the Colvilles.
What is a payment?A payment is when one entity voluntarily offers wealth, its counterpart, or other valuables to someone else in consideration of the other campaign's products or services, to satisfy a contractual obligation or both.
The cash price of Colvilles for buying is $35,000.00
The down payment will be 20% or $5,000
The number of months with which the loan will be repaid = 48 monthly payment
Monthly payments are $651
The balance on the loan = 35,000.00 - 5,000
= 30,000
The interest paid over the life of the loan = per month payment × time period - Payment
Loan = 651 × 48 - 30,000 = 1,284
The Annual Percentage Rate will be
= \((\frac{128}{30000*48}) *12 *100\\\)
= 1.07%
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an antidilution provision ensures that the selling of stock at a later date will decrease the economic value of the venture capitalist's investment.
Answers
No, an antidilution provision actually protects the venture capitalist's investment from being decreased in economic value.
An antidilution provision is a clause included in investment agreements to safeguard the interests of early investors, such as venture capitalists when a company issues new stock at a lower price than what they initially paid. It adjusts the conversion price or provides additional shares to maintain the economic value of the venture capitalist's investment, ensuring they do not suffer any dilution in their ownership stake or value.
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Creators spend time in quadrant 1 but more importantly as much time as possible in quadrant _____.
Answers
Creators spend time in quadrant 1 but more importantly as much time as possible in quadrant 2.
What is Quadrant?A quadrant is an area or section of a cartesian plane that results from the intersection of two axes.
Planning, relationship-building, preventative measures, and routine exercise are all activities that fall within the second quadrant. These are the preventative measures we can take to ensure that serious issues don't crop up in our lives. Self-renewal is one of the most significant Quadrant II tasks we may engage in.
Therefore, Creators spend time in quadrant 1 but more importantly as much time as possible in quadrant 2.
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On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720.
Answers
Complete Question:
On January 1, the first day of the fiscal year, a company issues a $1,450,000, 5%, five-year bond that pays semiannual interest of $36,250 ($1,450,000 × 5% × ½), receiving cash of $1,408,720
Journalize the first interest payment and the amortization of the related bond discount using the Straight line method
Answer:
Kindly check Explanation
Explanation:
Given the following :
Face value of bond issued = $1,450,000
Cash received on Issuance = $1,408,720
Number of Interest payment on bond = 5 × 2 = 10(semiannual)
Therefore, discount on bond :
$(1,450,000 - 1,408,720) = $41,280
Spreading or amortizing diacou t on bond over the bond duration (use te straight line method)
Discount / period
$41,280 / 10 = $4,128
Interest expense a/c Dr $40,378
To discount on bond payable a/c Cr $4128
To cash a/c $36,250
bzzagent mini case: bzzagent is a word-of-mouth marketing agency that runs brand advocate programs for global brands. it recently partnered with a company to pair its social media and word-of-mouth insights with shopper loyalty data. the results indicated that consumers who were making repeat purchases were also more engaged and created a higher volume of advocacy. the information from this study is important to marketers, who are trying to find ways to engage advocates and influencers, especially via social media. marketers are trying to figure out the characteristics of individuals who are most likely to influence others. in the bzzagent mini case, marketers are interested in finding individuals who influence others. the process by which one influential person informally influences the actions or attitudes of others is known as . question 28 options: a) referencing b) opinion leadership c) blogging d) positioning e) targeting
Answers
Marketers are searching for people who have sway over others in the BZZAGENT MINI CASE. Opinion leadership is the method by which one powerful individual subtly shapes the behaviors or attitudes of others.
The act of interpreting media messages or content for less sophisticated media users is known as opinion leadership. Usually, individuals who agree with opinion leaders hold them in high regard. The two-step communication flow idea put forward by Paul Lazarsfeld and Elihu Katz is where opinion leadership originates. Robert K. Merton, C. Wright Mills, and Bernard Berelson were significant contributors to the development of the opinion leader concept. The diffusion of innovations, concepts, or commercial goods is attempted to be explained by a number of models, some of which include this hypothesis.
Because we frequently ask for advice from others in a social setting, opinion leaders play a crucial part in information flow. The target audiences do not directly receive information from the media.
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What does play to win mean?
Answers
Play to win means to play with a fierce sense of commitment and competition with a winning mentality.
Play to win is a game spirit where the participant should be focused on getting at the top after the play is over. With higher level of interest in the competition the player focuses o reach the top and win out of the league. Every game irrespective of its type has hard work involved in it sometimes it is a mental hardwork and sometimes it is physical hardwork not only of the player playing it but n number of people behind organising it so the should play fairly with play to win intention.
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Jen spends her daily income of $35 on two goods, MP3 music downloads (X) and jumbo diet sodas (Y)His budget line is 2X + Y = 35. His utility function is represented byU = x ^ 2 + y ^ 2 + 5000 Decide on Jen's optimum consumption bundle : how many MP3 music downloads she should purchase and how many diet sodas she should buy order to get maximum satisfaction?
Answers
To determine Jen's optimal consumption bundle, we need to find the combination of MP3 music downloads (X) and jumbo diet sodas (Y) that maximizes her utility function subject to her budget constraint.
We can start by rearranging the budget constraint to solve for one of the goods in terms of the other:
2X + Y = 35
Y = 35 - 2X
Now we can substitute this expression for Y into the utility function to get:
U = X^2 + (35 - 2X)^2 + 5000
Expanding and simplifying this expression gives:
U = 5X^2 - 140X + 5125
To find the optimal consumption bundle, we need to find the values of X and Y that maximize U subject to the budget constraint. One way to do this is to use the method of Lagrange multipliers.
We can set up the Lagrangian as:
L = 5X^2 - 140X + 5125 + λ(2X + Y - 35)
Taking partial derivatives with respect to X, Y, and λ and setting them equal to zero, we get:
dL/dX = 10X - 140 + 2λ = 0
dL/dY = λ = 0
dL/dλ = 2X + Y - 35 = 0
From the second equation, we get λ = 0, which means we can ignore it. Substituting this into the first equation and solving for X, we get:
10X - 140 = 0
X = 14
Substituting this value of X into the budget constraint to find Y, we get:
2X + Y = 35
2(14) + Y = 35
Y = 7
Therefore, Jen's optimal consumption bundle is to purchase 14 MP3 music downloads and 7 jumbo diet sodas in order to get maximum satisfaction given her budget constraint.
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Which of the following is the best question to ask yourself about your job
A) How can I make more money?
B) How can I make myself more useful to my employer?
C) How can I take advantage of this job?
OD) How can I impress my boss?
Answers
Answer:
B
Explanation:
Because u should work hard instead
Answer: I think that B. How can I make myself more useful to my employer? is the best option
Explanation: This is because that is the person who gave you a job so you must be nice in return in this time of need for others.
A grantor trust is a trust arrangement in which the grantor transfers property into a trust but retains some right of enjoyment over the property, such as the right to receive the income generated by the property. True False
Answers
it answer is absolutely true