how much would be in your savings account in 7 years after depositing $100 today if the bank pays 5 percent interest per year? $735.00 $814.20 $135.00 $140.71
Answers
After depositing $100 today in a savings account with a 5 percent interest rate per year, the estimated amount in the account after 7 years would be approximately $140.71.
To calculate the future value of the savings account, we can use the formula for compound interest: A = P(1 + r/n)^(nt), where A is the future value, P is the principal amount (initial deposit), r is the annual interest rate (expressed as a decimal), n is the number of times the interest is compounded per year, and t is the number of years.
In this case, the principal is $100, the interest rate is 5 percent (or 0.05), the compounding is annual (n = 1), and the time is 7 years. Plugging these values into the formula, we get A = 100(1 + 0.05/1)^(1*7) = $140.71 (rounded to the nearest cent). Therefore, the estimated amount in the savings account after 7 years would be approximately $140.71.
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Related Questions
Will you borrow and act on the business idea of others?
Answers
Stop Killing Your Ideas. "Ideas," John Steinbeck once said, "are like rabbits. ... Most ideas don't stand a chance.
A partial relative frequency distribution is given.
Class Relative Frequency
A 0.22
B 0.18
C 0.40
D
a. What is the relative frequency of class D?
b. The total sample size is 200. What is the frequency of class D?
c. Show the frequency distribution.
d. Show the percent frequency distribution
Answers
The relative frequency of class D is 0.20. The frequency distribution class D having a frequency of 40. The percent frequency distribution class D accounting for 20% of the total sample size.
a. Since the sum of the relative frequencies is 1, we can find the relative frequency of class D by subtracting the sum of the relative frequencies of classes A, B, and C from 1:
1 - 0.22 - 0.18 - 0.40 = 0.20
Therefore, the relative frequency of class D is 0.20.
b. To find the frequency of class D, we can use the formula:
Frequency = Relative Frequency x Sample Size
Frequency of class D = 0.20 x 200 = 40
Therefore, the frequency of class D is 40.
c. The frequency distribution is as follows:
Class Frequency
A 44
B 36
C 80
D 40
d. The percent frequency distribution is as follows:
Class Percent Frequency
A 22%
B 18%
C 40%
D 20%
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Bluegill Company sells 9,400 units at $140 per unit. Fixed costs are $65,800, and operating income is $460,600. Determine the following:
a. Variable cost per unit $fill in the blank 1 b. Unit contribution margin $fill in the blank 2 per unit
c. Contribution margin ratio fill in the blank 3 %
Answers
The given information of the Bluegill Company can be tabulated as follows:Sales Revenue($140 per unit * 9,400 units)1,316,000Fixed Cost65,800Operating Income460,600
Determine the following:a. Variable cost per unitVariable cost per unit can be calculated by using the following formula: Variable cost per unit = (Sales Revenue - Total Cost) / Number of Units SoldVariable cost per unit = ($1,316,000 - $65,800) / 9,400Variable cost per unit = $131.06Thus, the value of the variable cost per unit is $131.06.b. Unit contribution marginUnit Contribution Margin can be calculated by using the following formula:Unit Contribution Margin = Sales Price - Variable Cost per unit; Unit Contribution Margin = $140 - $131.06Unit Contribution Margin = $8.94. Thus, the value of the unit contribution margin is $8.94 per unit.c. Contribution margin ratio. The contribution margin ratio can be calculated by using the following formula:Contribution Margin Ratio = (Contribution Margin / Sales Revenue) * 100. Contribution Margin Ratio = ($8.94 / $140) * 100. Contribution Margin Ratio = 6.39%Thus, the value of the contribution margin ratio is 6.39%.
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Poner algunos ejemplos en los que las em¬presas sustituyan un factor productivo por otro en función de los cambios en los pre¬cios de los factores. ¿Se puede sustituir siempre un factor por otro?
Answers
Answer:
Un factor variable puede sustituirse por otro.
Un uso más generoso de un factor variable permitirá producir una cantidad constante de producción con menos unidades de algunos o todos los demás.
Esto indica que la mano de obra puede ser considerada literalmente tan buena como el oro y podría ser sustituida por ella. Si no fuera por la sustitución de factores, no habría lugar para más decisiones después de que se hubiera establecido y, el número de cadenas a producir.
Sí, se puede hacer una sustitución
Un ejemplo es cuando las empresas intensivas en energía sustituyen el uso decreciente de energía y capital por un aumento del precio de la energía del 1% con una mayor entrada de material y, en menor medida, mano de obra.
Además, algunas empresas han sustituido fácilmente la energía por otros factores de producción, lo que les ha permitido mitigar en mayor medida los efectos de la subida de los precios de la energía.
if the production cost of a good increases and the price of its substitute good decreases, the supply curve will shift to direction and the demand curve will shift to direction ?
Answers
If the production cost of a good increases and the price of its substitute good decreases, the supply curve will shift to and the demand curve will shift to: the left and the right.
1. When the production cost of a good increases, producers are less willing to produce the same quantity of the good at each price, causing the supply curve to shift to the left.
2. When the price of a substitute good decreases, consumers are more likely to purchase the substitute good, leading to a decrease in demand for the original good. This causes the demand curve to shift to the right.
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what should first be done to establish a baseline risk assessment
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The first step in establishing a baseline risk assessment is to identify and analyze potential risks and vulnerabilities within the system or organization.
To establish a baseline risk assessment, it is crucial to identify and analyze potential risks and vulnerabilities that exist within the system or organization. This involves conducting a comprehensive assessment of various aspects, such as the physical environment, operational processes, technology infrastructure, and human factors.
The purpose of this initial step is to gain a clear understanding of the potential risks and vulnerabilities that may impact the system or organization.
The process typically involves conducting risk assessments, which can include activities like risk identification, risk analysis, and risk evaluation. Risk identification involves identifying potential hazards or threats that may pose risks to the system or organization. Risk analysis involves assessing the likelihood and potential impact of each identified risk.
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a(n) is responsible for verifying that the accounting procedures within a firm are consistent with established accounting principles.
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A certified public accountant (CPA) is responsible for verifying that the accounting procedures within a firm are consistent with established accounting principles. CPAs are highly trained and educated professionals who have a deep understanding of accounting principles and procedures.
They are responsible for ensuring that the financial statements of a company are accurate, complete, and in compliance with generally accepted accounting principles (GAAP). CPAs play a vital role in the financial management of a company.
They help ensure that the company's financial statements are reliable, which is essential for making sound business decisions. CPAs are also responsible for ensuring that the company's accounting procedures are efficient and effective.
They review and analyze the company's financial data to identify areas where improvements can be made, such as reducing costs, increasing revenue, or improving cash flow.
In summary, a CPA is responsible for verifying that the accounting procedures within a firm are consistent with established accounting principles. This ensures that the company's financial statements are accurate, complete, and in compliance with GAAP, which is essential for making sound business decisions.
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In a bank reconciliation, deposits outstanding are: a. subtracted from the bank balance. b. added to the book balance. c. added to the bank balance. d. subtracted from the book balance.
Answers
In a bank reconciliation, deposits outstanding are b. added to the book balance.
What is book balance?The book balance is the balance of cash in a company's general tally, while the bank balance is the balance of cash in the company's bank account. Deposits outstanding are deposits made by the company that haven't yet been recorded by the bank.
To attune the book balance with the bank balance, outstanding deposits are added to the book balance. This is because the book balance formerly includes the deposits made by the company, while the bank balance doesn't yet reflect those deposits until they're recorded by the bank.
Thus, the correct answer is b. added to the book balance.
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What is contractionary policy used for?
Answers
Answer:Contractionary policies are macroeconomic tools designed to combat economic distortions caused by an overheating economy. Contractionary policies aim to reduce the rates of monetary expansion by putting some limits on the flow of money in the economy.
Explanation:
help fast! Ed and Maria’s gross monthly income is $3,700 and monthly debt is $2,500. What is their debt-to-income ratio to the nearest percent?
A. 53%
B. 68%
C. 82%
D. 25%
Answers
Answer:
C. 68
Explanation:
A loan taken out by a government that is repaid in a fixed amount at a specific time is a ____.
A. bond
B. hedge fund
C. stock
D. savings account
Answers
purchased grooming equipment for $12,700
Answers
Answer:
who spends that much-
Explanation:
okay good job on the server Andrew and it they said
________ play an important role in efficiently making products available to target markets in the needed varieties and quantities.
Answers
Answer:
Intermediaries
Explanation:
Intermediaries are individuals or organisations whose main function is to ensure that goods are moved smoothly through the various channels of distribution. They act as a link between the manufacturers and the consumers.
Intermediaries acts as a middleman, they provide feedbacks to the manufacturers on the customer's assessment of the product. They also help in the promotion of goods by employing different advertising strategies inorder to showcase the product to the potential customers.
Hence intermediaries play a crucial role in efficiently making products available to target markets in the required varieties and quantities.
don is an attorney who supplied a list of potential clients to a new attorney, lori. this list aided in the success of lori's practice. lori was very pleased and decided to do something for don. in the current year, lori gives don a new car worth $40,000. lori was not obligated to give this gift to don, and she did not expect don to perform future services for the gift. how much income, if any, should don report from this transaction and why?
Answers
Don must disclose his $40K in income. Even though there was no obligation to make the payment, the courts are likely to see the car as a payment for goods or services because the present was given in a professional setting.
What is income?Income is an entity's ability to save and spend money during a given period of time, and it is typically expressed in monetary terms. Conceptually, income can be difficult to define, and there may be variations depending on the field. The phrase "income" often refers to the total sum of cash, assets, and other value transfers received over a predetermined period of time in return for goods or services. There isn't a single, accepted definition of income; instead, the term is defined in light of the context in which it is used. Income is the money a person or organisation receives in return for labour, the creation of a good or service, or the use of capital.To learn more about income, refer to:
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which of the following promotion categories is most likely to include the use of displays, discounts, coupons, and demonstrations?
A) sales promotion
B) direct and digital marketing
C) horizontal diversification
D) public relations
E) advertising
Answers
Sales promotion is most likely to include the use of displays, discounts, coupons, and demonstrations. So, the correct answer is A.
What is Sales Promotion?
A group of marketing techniques known as sales promotion are used to boost demand for specific products and raise brand awareness. It generates new leads, imparts a sense of urgency, and keeps clients interested because it has a limited time limit. The foundation of the promotion mix is sales promotion. Discovering the sales strategies that appeal to your target market can help you create relationships with people that last. In addition, you ought to offer customers value that is pertinent to your area of specialisation. Since it fosters information exchange within social networks linked to your business, sales promotion can improve the perception of your goods. If you sell training football shoes, football enthusiasts will spread the word.To know more about Sales Promotion visit:
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Which of the following is one way that land contributes to production?
A. Tools are created by humans to aid production.
B. Roads allow for the transportation of goods.
C. Ideas are needed to figure out how to use natural resources.
D. Energy from the environment fuels production.
Answers
characteristics of competitive markets?
Answers
A perfectly competitive market has the following characteristics:
There are many buyers and sellers in the market.
Each company makes a similar product.
Buyers and sellers have access to perfect information about price.
There are no transaction costs.
There are no barriers to entry into or exit from the market.
Suppose the labor force is 153 million of a possible 244 million working-age adults. The total number of unemployed is 12 million. What is the standard unemployment rate
Answers
The standard unemployment rate is the percentage of the total labor force that is unemployed.
Given that the labor force is 153 million and the total number of unemployed is 12 million, the standard unemployment rate is calculated as follows: Standard Unemployment Rate = (Number of Unemployed / Labor Force) × 100%Substituting the values, we get: Standard Unemployment Rate = (12 million / 153 million) × 100%Standard Unemployment Rate = 7.84%Therefore, the standard unemployment rate is 7.84%.
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What is a swot anaylasis
Answers
I hope this helped!! <3
Answer:
a study undertaken by an organization to identify its internal strengths and weaknesses, as well as its external opportunities and threats.
Explanation:
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Transaction Analysis Amanda Webb opened a home health care business under the name Home Care, Inc. During its first month of operations, the business had the following transactions: a. Sold common stock to Ms. Webb and other stockholders in exchange for $30,000 cash b. Paid $18,500 cash for a parcel of land on which the business will eventually build an office building c. Purchased supplies for $2,750 on credit d. Used the supplies purchased in part (c). e. Paid rent for the month on office space and equipment, $800 cash f. Performed services for clients in exchange for $3,910 cash g. Pald salaries for the month, $1,100 h. Purchased and used $650 of supplies i. Paid $1,900 on account for supplies purchased in transactionc j. Performed services for clients on credit in the amount of $1,050 k. Paid a $600 dividend to stockholders Prepare an analysis of the effects of these transactions on the accounting equation of the business. Use the format below. If an amount box does not require an entry, leave the cel blank or enter zero Enter decreases in account values as negative numbers.
Answers
To analyze the effects of the transactions on the accounting equation, we will use the format below:
| Transaction | Assets | Liabilities | Equity |
|-------------|---------|-------------|--------|
| (a) | +$30,000 | | +$30,000 |
| (b) | -$18,500 | | |
| (c) | +$2,750 | +$2,750 | |
| (d) | | | |
| (e) | -$800 | | |
| (f) | +$3,910 | | |
| (g) | -$1,100 | | |
| (h) | | | |
| (i) | -$1,900 | -$1,900 | |
| (j) | | +$1,050 | |
| (k) | | | -$600 |
Now, let's analyze the effects of each transaction:
(a) Sold common stock to Ms. Webb and other stockholders in exchange for $30,000 cash
This transaction increases the cash asset and increases the equity through the common stock issuance.
(b) Paid $18,500 cash for a parcel of land on which the business will eventually build an office building
This transaction decreases the cash asset and increases the assets through the acquisition of land.
(c) Purchased supplies for $2,750 on credit
This transaction increases the supplies asset and increases the liabilities through accounts payable.
(d) Used the supplies purchased in part (c)
This transaction decreases the supplies asset.
(e) Paid rent for the month on office space and equipment, $800 cash
This transaction decreases the cash asset.
(f) Performed services for clients in exchange for $3,910 cash
This transaction increases the cash asset.
(g) Paid salaries for the month, $1,100
This transaction decreases the cash asset.
(h) Purchased and used $650 of supplies
This transaction increases the supplies asset.
(i) Paid $1,900 on account for supplies purchased in transaction (c)
This transaction decreases the accounts payable liability.
(j) Performed services for clients on credit in the amount of $1,050
This transaction increases the accounts receivable asset.
(k) Paid a $600 dividend to stockholders
This transaction decreases the equity through the dividend payment.
After analyzing these transactions, we can fill in the effects on the accounting equation:
| Transaction | Assets | Liabilities | Equity |
|-------------|---------|-------------|--------|
| (a) | +$30,000 | | +$30,000 |
| (b) | -$18,500 | | |
| (c) | +$2,750 | +$2,750 | |
| (d) | | | |
| (e) | -$800 | | |
| (f) | +$3,910 | | |
| (g) | -$1,100 | | |
| (h) | | | |
| (i) | -$1,900 | -$1,900 | |
| (j) | | +$1,050 | |
| (k) | | | -$600 |
Please note that I was unable to complete the analysis for transactions (d) and (h) as they were missing information or lacked clear effects on the accounting equation.
About transactionTransaction Processing System is part of an information system which is a system that executes and records the daily routine transactions needed to run a business.
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Give your opinion based upon the numbers as to whether production seems to be budgeted properly, and whether the corporation can make an adequate profit above breakeven levels
Answers
Answer:
The production level needs to be budgeted accurately as this is the main strategy which is essential for the success of the business. The corporation cannot make adequate on the breakeven level as this is no profit, no loss situation.
Explanation:
The production level is the basis for sales. If the production level is not accurately estimated then there will be over of under production problems to the business. The over production will result in excess cost to the company and under production will result in lesser profit and sales. The breakeven level is the no profit no loss situation. This is the situation where company earns money equal to its cost and expenses and nothing is saved by the company as profit.
What are liquid assets? What are non-liquid assets? What are some examples of each?
Answers
Explanation:
A liquid asset allows any individual or a company to access cash at any time they want. ex:Cash or currency, Bank accounts, Accounts receivable
Non liquid assets are assets that cannot be sold or converted into cash easily without a significant loss of investment. Some examples of such assets include houses, cars, land, televisions and jewelry.
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tipping point leadership focuses on: a. transforming the masses b. transforming the extremes c. transforming the kingpins d. transforming the strategy
Answers
Tipping point leadership focuses on: b. transforming the extremes.
What is tipping point leadership?Tipping point leadership is a form of leadership that helps managers to bring about changes in their businesses using the lowest cost possible. This form of leadership focuses on the extremes. The manager finds out the people and actions that although small has a significant impact on the business.
Their goal will be to manage these in a way and manner that will help to save cost for the business. The goal of every business is to achieve the most benefits with the most minimal costs and tipping point leadership is one good strategy that managers can achieve this.
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If a consumer who is trying to decide between alternatives believes that a particular brand delivers acceptable product performance and can be shortlisted, she is in the ________ level of the BrandDynamics Pyramid.
A) presence
B) relevance
C) performance
D) advantage
E) bonding
Answers
The correct answer is C) performance. In the BrandDynamics Pyramid, the performance level is where a consumer believes that a particular brand delivers acceptable product performance and can be shortlisted.
At this level, the brand has met the basic needs and requirements of the consumer but has not yet developed a strong emotional connection or loyalty.
If a consumer who is trying to decide between alternatives believes that a particular brand delivers acceptable product performance and can be shortlisted, she is in the C) performance level of the BrandDynamics Pyramid.
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of all leadership variables, _____ leadership is the one most universally endorsed across cultures.
Answers
Answer:
transformational
Explanation:
Why is it important for people to be careful to manage their debts?
Answers
Answer:
A debt management company can help by analysing your situation and giving you good advice on the best debt solution to suit your needs. A debt consolidation loan may also be a good way of arranging your debt and making it easier to pay back
Explanation:
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Which of the following countries did not trade with the Phoenicians?
O Babylonia
Japan
O Egypt
Greece
Answers
Japan
Which descriptions offer examples of Marketing workers? Check all that apply. Eric oversees the sales of a company's products and services. Chester plans and schedules meetings for company managers. Gwen makes sure a company follows laws and regulations. Desiree oversees the promotional activities of a company. Kara guides a company's pricing strategies. Terrance creates a budget for a company.
Answers
Answer:
1,4,5
Explanation:
Answer:
A. Eric oversees the sales of a company’s products and services.
D. Desiree oversees the promotional activities of a company.
E. Kara guides a company’s pricing strategies.
____________________________________________________
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points on the production possibilities frontier are a. efficient. b. inefficient. c. unattainable. d. normative. e. none of the above.
Answers
Points on the production possibilities frontier are efficient. Option a is correct.
What is the Production Possibilities Curve?Known by the acronym CPP, this is a model capable of helping a company to identify the opportunity costs of producing two goods, being an advantageous method for analyzing production costs and shortages.
Therefore, when the points are on the production possibilities frontier, they are considered efficient, if they were beyond the frontier, they would be considered unattainable.
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Which type of document typically includes contract contingencies?
Purchase and sale agreement.
O Assignment of contract.
Appraisal.
O Option contract.
Answers
Answer:
A.
Explanation: