The interest rate that will triple an initial investment in 10 years is equal to _____.
a. 11.61%
b. 29.99%
c. 19.97%
d. 15.47%
Answers
The interest rate that will triple an initial investment in 10 years is approximately 19.97% (option c).
To determine the interest rate that will triple an initial investment in 10 years, we can use the compound interest formula:
A = P(1 + r)^n
Where A is the final amount, P is the initial investment, r is the interest rate, and n is the number of years.
In this case, we want the final amount (A) to be three times the initial investment (P), and the number of years (n) is given as 10. Therefore, the equation becomes:
3P = P(1 + r)^10
Dividing both sides of the equation by P, we get:
3 = (1 + r)^10
Taking the 10th root of both sides, we find:
(1 + r) ≈ ∛3
Subtracting 1 from both sides, we have:
r ≈ ∛3 - 1
Evaluating this expression, we find that r is approximately 0.1997 or 19.97%. Therefore, option c, 19.97%, is the interest rate that will triple an initial investment in 10 years.
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Related Questions
Identify at least three ways in which kendra scott sought to differentiate itself from rival jewelry firms.
Answers
Three factors that Kendra Scott used to set itself apart from competing jewelry companies were offering a broad variety of services, being an online-only retailer, and appealing to the individual tastes of its clients.
What is retail jewelry?A jewelry store, or jewelry store in American English, is a type of retail business that focuses on buying and selling jewels and timepieces. Jewelry stores offer a wide range of services, including designing, manufacture, remodeling, and repairs. The most prevalent kind of jewelers are bench jewelers, sometimes referred to as metalsmiths, silversmiths, goldsmiths, and platinumsmiths. They are skilled in a variety of areas. Typically, they do a variety of activities, from straightforward jewelry cleaning and repair to creating molds and pieces from scratch. A jeweler is a business that manufactures, sells, and fixes jewelry and watches.
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QS 1-7 (Algo) Applying the accounting equation LO A1 o. Total assets of Charter Company equal $800,000 and its equity is $470,000. What is the amount of its liabilities? b. Total assets of Martin Marine equal $600,000 and its liabilities and equity amounts are equal to each other. What is the amount of its liabilities? What is the amount of its equity?
Answers
a. The amount of liabilities of Charter Company is $330,000, b. the amount of liabilities of Martin Marine is $300,000 and the amount of its equity is also $300,000.
The accounting equation is assets = liabilities + equity.
To find the amount of liabilities in a company, subtract the equity from the total assets.
Similarly, to find the amount of equity, subtract liabilities from total assets. Below are the solutions for each question:
QS 1a.
To find the amount of liabilities of Charter Company, use the accounting equation:
Assets = Liabilities + Equity
Total assets of Charter Company equal $800,000 and
its equity is $470,000800,000 = Liabilities + 470,000
Liabilities = 800,000 - 470,000Liabilities = $330,000
Therefore, the amount of liabilities of Charter Company is $330,000.
QS 1b. To find the amount of liabilities and equity of Martin Marine, use the accounting equation:
Assets = Liabilities + Equity
Total assets of Martin Marine equal $600,000Liabilities and equity amounts are equal to each other, let's call them "x".
Therefore: 600,000 = x + xx = 300,000So, the amount of liabilities of Martin Marine is $300,000 and the amount of its equity is also $300,000.
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What is the best software to use for tax preparation?.
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Turbo tax is the best software to use for tax preparation.
The best tax preparation software is TurboTax. They assist you after submitting your taxes if you want to track your refund, check the status of your e-file, make changes to a tax return, and much more. They have some extremely nice options for tax filing.
Michael A. Chipman of Chipsoft created TurboTax in 1984, and Intuit acquired it in 1993. Due to its shady business tactics and political connections, the corporation has generated criticism.
The manufacturer of TurboTax, Intuit, has actively opposed the Internal Revenue Service (IRS) from establishing its own online tax filing system, similar to those that are used by the majority of other wealthy nations.
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If one wished to have one or fewer floods over a 75 year period,
what risk per year should you tolerate?
Answers
probability To have one or fewer floods over a 75-year period, you should tolerate a risk of approximately 1.33% per year.
To determine the risk per year that should be tolerated to achieve one or fewer floods over a 75-year period, we can use the concept of probability. Let's assume that the probability of experiencing a flood in any given year remains constant.
To calculate the risk per year, we can divide the desired number of floods (which is one or fewer) by the number of years in the period. In this case, the period is 75 years. If we want to have one or fewer floods in 75 years, it means we can tolerate at most one flood occurring during this entire period.
So, the calculation would be as follows:
(Desired number of floods) / (Number of years in the period) = Risk per year
1 / 75 = 0.0133
Therefore, to have one or fewer floods over a 75-year period, you should tolerate a risk of approximately 1.33% per year.
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do chip credit cards protect against online purchases
Answers
Answer:
Protecting Against Payment Card FraudExplanation:
The chips do nothing to protect against online payment card fraud, which depends on account numbers and passwords rather than the physical cards. As one security expert noted, computers and mobile devices don't have card readers attached.
Why is fashion designer Kira's Plasinina father important
a. He is a businessman who helped her achieve her goals .
b. He liked her drawings .
c. He funded her ventures.
d. He was her inspiration
Answers
what is international benefits administrators phone number
Answers
International Benefits Administrators's phone quantity is (516) 739-1066.
What is gain of IBA?IBA graduates can appear forward to a large range of job possibilities in management, marketing, accounting, corporate finance, consultancy or even human resources. Study commercial enterprise administration and you will analyse world and neighborhood business challenges and discover strategic solutions.
What is an IBA plan?In addition to salary, each full-time and some part-time employees receive an Individual Benefits Account (IBA). An IBA offers employees with awesome flexibility over their healthcare, paid time off, retirement savings, and different benefits.
What is the smartphone range for international advantages provider?International Benefits Administrators's cellphone variety is (516) 739-1066 What is International Benefits Administrators's reliable website? International Benefits Administrators's reputable website is www.ibatpa.com What is International Benefits Administrators's Revenue?
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https://brainly.com/question/27823786#SPJ4if the government imposes a tax of $3,000 on everyone, the tax would be
Answers
If the government imposes a flat tax of $3,000 on everyone, the impact would depend on the individual's income and overall financial situation.
For individuals with low incomes, a $3,000 tax could represent a significant financial burden, potentially resulting in difficulty paying bills or meeting basic needs. This could exacerbate income inequality and create further financial hardship for vulnerable populations.
For individuals with higher incomes, a $3,000 tax may be more manageable, but could still have a significant impact on their overall financial situation. This could result in reduced spending and lower economic growth, as individuals and businesses are forced to divert resources towards paying the tax rather than investing in growth or expansion. In addition, a flat tax may be considered regressive, as it imposes a higher relative burden on individuals with lower incomes. This could lead to further economic inequality and social unrest.
Overall, the impact of a flat tax of $3,000 on everyone would depend on a range of factors, including individual income, financial situation, and broader economic conditions. Policymakers must carefully consider these factors when making decisions regarding tax policy.
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A company produces 10 items, charges $45 per item. When it produces 20 items, it charges $40 per item. Cost to produce 10 items is $450, cost to produce 20 items is $650. What is the price, cost, revenue, profit functions. What is the break-even points, max profit and items to produce to get max profit.
Answers
Answer:
a. The price, cost, revenue, profit function = Revenue - Cost = (price * quantity - cost)
b. Break-even point = Total Revenue = Total Cost
= $450 = $450
break-even point in units = 10 items
c. Maximum profit = $150
Items to produce to get max profit = 20 items
Explanation:
a) Data and Calculations:
Sales Revenue for 10 items = $450 ($45 * 10)
Cost of sales for 10 items = $450
Sales Revenue for 20 items = $800 ($40 * 20)
Cost of sales for 20 items = $650
The price, cost, revenue, profit function = Revenue - Cost = (price * quantity - cost)
For 10 items, function yields = {($45 * 10) - $450} = 0
For 20 items, function yields = {($40 * 20) - $650} = $150
Which of the following is the correct order of organizational levels?
A. Operative employees, supervisors, middle managers, top management
B. Operative employees, middle managers, supervisors, top management
C. Middle managers, operative employees, supervisors, top management
D. Middle managers, supervisors, operative employees, top management
Answers
Answer:
A. Operative employees, supervisors, middle managers, top management
Explanation:
In an organizational hierarchy, top management is at the summit while operation workers are at the bottom. The organizational chart illustrates the order of seniority in a company.
The line manager or supervisors come after the operational workers. After the supervisors, the middle level follows, and top managers will be attop of the chart.
Everyone has a different vision for what they like to do once they retire. List three things you think you'd like to do once you finish working
Answers
Answer:
move somewhere near Nevada.
hangout with grandkids.
have fun with my s/oand never get boring.
Explain one reason why a business may use social media to promote
Answers
Answer:
Social media offers many benefits to business owners, as it allows them to reach out to their customers and to gain the attention of more people/potential customers
Explanation:
Using demand curves, what would happen if the price of pop increases?
o. Demand for pop will increase
b. The demand curve will shift to the right
c. Demand for pop will decrease
The demand curve will shift to the left
Answers
Using demand curves, if the price of pop increases, then, the demand for pop will decrease. The Option
How does demand for product change in response to a change in price?According to demand law , as the price of a product increases, the quantity demanded of that product will decrease. This inverse relationship between price and quantity demanded is illustrated graphically by a downward-sloping demand curve.
Therefore, if the price of pop increases, the demand for pop will decrease. This can be shown by a movement up along the demand curve, resulting in a lower quantity demanded at each price point.
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The annual master budget file includes the ________ from last year because it is needed for the schedule of expected cash collections.
Answers
The complete sentence is summarized below:
The annual master budget file includes the budget from last year because it is needed for the schedule of expected cash collections.
A sentence about annual master budget files
Annual master budget files are a collection of files with detailed lists of cash movements inside, from and to a business. This information is useful to predict and estimate expected cash movements and to construct expected budget in terms of costs and time for the next fiscal year.
For this reason, an annual master budget file must include the budget from last year. The complete sentence is summarized below:
The annual master budget file includes the budget from last year because it is needed for the schedule of expected cash collections.
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Valley Technology had Net Income for 2021 of $9,600,000. The firm invested $5,000,000 in manufacturing equipment during 2020 but made no additional capital investments in 2021. The equipment is being depreciated over five years using straight-line depreciation, starting in 2020. Assuming no other adjustments to cash flow than those mentioned here, create a statement of cash flows for 2021 with amounts in thousands. What is the Net Cash Flow in 2021
Answers
If Valley Technology had Net Income for 2021 of $9,600,000. The Net Cash Flow in 2021 is:$5,600,000.
Net cash flowCash Flow from Operating ActivitiesValley Technology Statement of Cash Flows For the year ended 2021
Cash Flow from Operating Activities:
Net Income $9,600,000
Add Depreciation Expense $1,000,000
($5,000,000/5)
Net Cash provided (used) by operating activities: $10,600,000
Cash Flow from Investing Activities:
Purchase of manufacturing equipment -$5,000,000
Net Cash provided (used) in Investing activities -$5,000,000
Cash Flow from Financing Activities:$0
Net cash flow in 2021 $5,600,000
Therefore If Valley Technology had Net Income for 2021 of $9,600,000. The Net Cash Flow in 2021 is:$5,600,000
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Imagine you are working in business analytics for a company that interests you. It could be a sports team, a movie studio, a video game maker, or a clothing designer, for example. Explain how you would use business analytics to improve the company’s goods or services. Make sure your answer shows your knowledge of what business analytics is.
Answers
Modern big data analytics and operations expect the styles of consumers. After that, they use the one's styles to inspire brand loyalty as they are able to acquire greater data to examine greater developments for customer satisfaction.
What do you mean by Business analytics?
Business analytics (BA) is a set of disciplines and technology for fixing commercial enterprise issues with the usage of records analysis, statistical models, and different quantitative methods.
Business analytics allows for handing over smarter offerings and products.
Thus, Business analytics allows organizations to provide better products and improve customer satisfaction.
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What is the first step that he should follow in order to show only the records for items that were sold for more than $1.99?
He should select the Price Paid field and right-click on it, then choose Number Filters.
He should go to the Design tab, click on Group and Sort, then click the Price Paid field.
He should go to the Arrange tab, click on Group and Sort, then choose Number Filters.
He should select the Price Paid field and highlight it, then click on the Filter tab.
Answers
Use the graph to answer the question that follows.
Which statement describes the shift from D1 to D2?
Demand for the product increased.
Less of the product is being produced.
Demand for the product decreased.
More of the product is being produced.
Answers
The statement that describes the shift from D1 to D2 is the demand for the product increased.
What does the shift from D1 to D2 signify?The graph represented in the image is that of a demand curve. A demand curve is a curve that shows the relationship between price and quantity demanded.
The demand curve is negatively sloped because the higher the price, the lower the quantity demanded. This is in line with the law of demand.
When the demand curve shifts to the right, it indicates an increase in demand. When the demand curve shifts to the left, it indicates a decrease in demand.
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Answer:
Demand for the product increased!
Explanation:
option A
one way to segment a market is according to whether the purchaser is a consumer or a business-to-business user.
Answers
The statement one way to segment a market is according to whether the purchaser is a consumer or a business-to-business user is True.
What is market segmentation?Market segmentation can be defined as the way of separating the market into different segment or group. Example of market segmentation is putting customers that share similar or the same features into the same group
The statement is true because a company can tend to divide a market based on whether a person is a consumer on a business user.
Therefore the statement is true.
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The complete question is :
one way to segment a market is according to whether the purchaser is a consumer or a business-to-business user. True/False
High-profile accounting scandals and the global financial crisis are examples of ___.
Answers
High-profile accounting scandals and the global financial crisis are examples of companies and industries that did not conform to business ethics.
What is business ethics?The rules for ethically correct and wrong behavior in company are referred to as business ethics. However, "legal" and "ethical" are not always identical. Law in part defines behavior. By defining permissible practices outside of the purview of the state, business ethics strengthen the law.
What is the business ethics tenet?The field includes loyalty, fairness, respect, trustworthiness, and technological ethics. It also includes corporate responsibility, personal responsibility, and social responsibility. It places a strong emphasis on employee retention, brand image, and consumer loyalty.
How can business ethics be improved?Engage, talk to, and educate your staff. Utilize effective and educational communication to involve employees as well as other stakeholders, including suppliers, investors, regulators, and customer groups. An ethical culture will be ingrained thanks to effective, consistent, and regular communication and training.
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Which type of system would you find citizens paying higher taxes in order to have the Government provide some benefits for society such as healthcare, job training, and welfare programs
Answers
Answer:
ghihgihihgiogiog
Explanation:
if i deleted my ps4 account completely, does it mean i can sign in to call of duty on other accounts?
Answers
The final answer are Yes, If you delete your PS4 account completely, you will no longer have access to any of your saved data, including games and progress.
However, you should be able to sign in to Call of Duty on other accounts, as long as those accounts have access to the game and you have not been banned from the game.
If you delete your PS4 account completely, it will remove all of your saved data, including games and progress. You will no longer have access to any of your digital content or anything you purchased with that account.
However, other accounts on the same PS4 console will not be affected by deleting a single account, and you will still be able to sign in to Call of Duty on those accounts as long as you have access to the game on those accounts.
If you want to delete your PS4 account but still want to keep your saved data, you can transfer your data to a USB drive or upload it to the cloud before deleting your account.
This way, you can still access your data on another account or console.
However, yes if you delete your account without transferring your data first, your data will be lost.
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A company should first choose a corporate-level strategy and then look at how changes will affect a company's current business model and strategies.
a. true
b. false
Answers
A company should first choose a corporate-level strategy and then look at how changes will affect a company's current business model and strategies.
This statement is false.
A corporate-level strategy is a multi-tiered company plan which is used by the leaders to define or outline and achieve specific business goals.
A corporate level strategy is used by the small businesses to increase their profits over the next fiscal year, whereas a large corporation may be overseeing the operations of multiple businesses to achieve more complex goals for example selling the company or entering into a new market.
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workers are hired to sell spring break vacation packages. each worker is paid $100 per day. an experienced worker sells 5 packages per day. the newly hired worker sells 3 packages per day. each package sells for $450. what is the marginal cost of the new worker per day?
Answers
The marginal cost of the new worker hired to sell spring break vacation packages is $200 per day.
What is a marginal cost?The marginal cost in economics is the change in total production cost that results from making or producing one additional unit. Divide the change in production costs by the change in quantity to calculate marginal cost.
The marginal cost of the new worker per day is calculated as:-
Each worker is paid $100 per day
An experienced worker sells 5 packages per day
Total cost for an experienced worker = $100× 5 = $500
Newly hired worker sells 3 packages per day
Total cost for a new worker = $100× 3 = $300
∴ The marginal cost of the new worker per day = Total cost of a experienced worker - Total cost of a new worker = $(500-300) = $200.
Therefore, $200 is the marginal cost of the new worker per day.
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True or false: Studying business does NOT offerlany benefits for those who decide to work for a government agency or a nonprofit organization
Answers
The following question is : false
The given statement stating that "the study of business would not help in knowing about the advantages of Non-profit organizations or government agencies" would be considered:
b). False
'Non-profit Organizations' are characterized as the 'type of business organizations or set up that does not work with the aim of profit but for social welfare. Similarly, the sole motive of a government agency is also 'social welfare.' However, the workings of both the kinds of organizations(business and NPOs) are similar like the recruitment of staff or volunteers, ensuring productivity, putting the revenue back to the firm for progression of its operations, etc. Both of them have a goal of leaving the maximum impact on the people. Thus, the given statement is false as studying about business would give a very clear idea about the various processes of an organization.Learn more about 'Non-Profit Organization' here:
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Which of the following amounts is closest to the end value of investing £60,000 for 5 years at an effective annual interest rate of 8% compounded annually? A £60,000 B £300,00 C ₤324,000 D €81,629 E £88,160
Answers
The amount closest to the end value of investing £60,000 for 5 years at an effective annual interest rate of 8% compounded annually is £88,160, which is option E.
How to calculate the end value of the investment: Given principal amount = £60,000 Annual interest rate = 8%Effective annual interest rate = 8% compounded annually Number of years = 5 years Using the formula for compound interest: Amount = P(1 + r/n)^(nt) whereP = principal amount = annual interest raten = number of times the interest is compounded per yeart = number of years Amount = 60000(1 + 0.08/1)^(1×5)Amount = 60000(1.08)^5 Amount = 60000 × 1.46933 Amount = £88,160 (rounded to the nearest pound)
Therefore, the option that is closest to the end value of investing £60,000 for 5 years at an effective annual interest rate of 8% compounded annually is £88,160.
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if the quantity of big macs demanded falls from 2.0 million to 1.6 million as the price of whoppers falls from $1.40 to $.80, the cross-price elasticity of demand for big macs is:
Answers
if the quantity of big macs demanded falls from 2.0 million to 1.6 million as the price of whoppers falls from $1.40 to $.80, the cross-price elasticity of demand for big macs is 0.4.
What is cross-price elasticity?Cross-price elasticity quantifies how responsive a product's demand is to changes in a related product price. Some products on the market frequently have connections to one another. This could imply that the demand for a product can be favourably or negatively impacted by a product's price change. The cross elasticity of demand, also known as the cross-price elasticity of demand, in economics quantifies the relationship between the percentage change in the quantity of a commodity sought and the percentage change in the price of another good, ceteris paribus. The cost of milk is one such example. People might switch to 2% milk if full milk prices rise. Similar to how whole milk gets more popular as 2% milk prices go up.
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what are two key characteristics of the introduction stage of the product life cycle?
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The two key characteristics of the introduction stage of the product life cycle include "the high costs resulting from the initial cost of marketing, advertising, distribution, etc."
The other key characteristics of the introduction stage of the product life cycle are "the sale quantities are usually low, which then increases gradually."
Other characteristics of the introduction stage of the product life cycle include the following:
Little competitionDemands need to be established through the advert.Customers must be persuaded to buy the product.The introduction stage of a new product is the beginning stage in a product life cycle.Hence, in this case, it is concluded that the introduction stage of a product life cycle is significant.
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Provide examples of at least 3 types of unearned privilege, and why (from society's view) the privilege is unearned. For example, in the U.S., being a Christian is an unearned privilege since Christianity is the dominent religion in the country.
Answers
Privilege is defined as an advantage or benefit given to a particular group of people that is not extended to other groups. These benefits or advantages may be social, economic, or political in nature.
Here are three types of unearned privilege:1. White PrivilegeWhite privilege refers to the societal privilege that benefits people who are White. This privilege is unearned as it is not something that White people have worked for or deserve. White privilege is the result of centuries of oppression and discrimination against people of color. White privilege is seen in many aspects of life, including education, employment, and the criminal justice system.
Heterosexual privilege is seen in many aspects of life, including marriage, adoption, and employment.These privileges are unearned because they are not something that people have worked for or deserve. They are the result of centuries of oppression and discrimination against marginalized groups. It is important to recognize these privileges and work towards creating a more equitable and just society.
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The federal reserve can affect you through
Answers
As the Federal Reserve conducts monetary policy, it influences employment and inflation primarily through using its policy tools to influence the availability and cost of credit in the economy.