Business, 14.11.2019 03:31 lylesparks2791
Ted has always had difficulty saving money, so on june 1, ted enrolls in a christmas savings program at his local bank and deposits $750. that money is totally locked away until december 1 so that ted can be certain that he will still have it once the holiday shopping season begins. suppose that the annual rate of interest is 10 percent on ordinary savings accounts (that allow depositors to withdraw their money at any time). how much interest is ted giving up by precommitting his money into the christmas savings account for six months instead of depositing it into an ordinary savings account?
[hint: if you invest x dollars at an annual interest rate of y percent, you will receive interest equal to x × y, where the interest rate y is expressed as a decimal.]
$
Answers: 2
Other questions on the subject: Business
Business, 22.06.2019 02:30, walterzea70
rural residential development company and suburban real estate corporation form a joint stock company. the longest duration a joint stock company can be formed for is
Answers: 2
Business, 22.06.2019 03:00, nyahdrake
You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:
Answers: 1
Business, 22.06.2019 23:00, HockeyBlockpk7039
Sailcloth & more currently produces boat sails and is considering expanding its operations to include awnings for homes and travel trailers. the company owns land beside its current manufacturing facility that could be used for the expansion. the company bought this land 5 years ago at a cost of $319,000. at the time of purchase, the company paid $24,000 to level out the land so it would be suitable for future use. today, the land is valued at $295,000. the company has some unused equipment that it currently owns valued at $38,000. this equipment could be used for producing awnings if $12,000 is spent for equipment modifications. other equipment costing $490,000 will also be required. what is the amount of the initial cash flow for this expansion project?
Answers: 2
Business, 23.06.2019 06:00, lover23707
Before setting your prices, it's wise to a. subtract your profit margin from your costs. b. research industry standards. c. memorize the formula for cost plus. d. ignore your competitors' prices.
Answers: 1
You know the right answer?
Ted has always had difficulty saving money, so on june 1, ted enrolls in a christmas savings program...
Questions in other subjects:
Social Studies, 29.10.2019 21:31
Mathematics, 29.10.2019 21:31
