According to equation, the approximate difference between Calvin and Makayla's number of years of money invested is 2 years.
What is compound interest?
Compound interest is refers to an amount implemented on the principal amount along wit the accumulated interest with a fixed rate of interest for a time period.
Solution:-
Given Information:
Calvin deposits= $400Interest rate=5%final amount Calvin =$658.80
Here, Compound interest= A=P (1+r/t)t
Monthly compound interest,
658.8=400(1+5/12*100)12c
658.8/400=(1205/1200)12c
c=10 years
Now Makayla deposits $300 in a different savings account that accrues 6% interest compounded quarterly. The final amount she gets is $613.4 in m years. Thus,
613.4=300(1+6/12*100)12m
613.4/300=(1206/1200)12m
c=12 years.
Thus, the approximate difference in the number of years that Calvin and Makayla have their money invested is 2 years.
Learn more about the compound interest here;
https://brainly.com/question/25857212
Answer:
B. Makayla invests her money 2 years longer.
Explanation:
The demand curve for oil shows: a. the quantity demanded of oil at different oil prices. b. the demand for oil at different prices of other goods. c. the demand for oil when there is a surplus or shortage. d. the quantity demanded of oil at different income levels.
The demand curve for oil shows the quantity demanded of oil at different oil prices.
What is the demand curve for a good?The demand curve for a good is the relationship between price of the good and quantity demanded of the good.
The demand curve is negatively sloped because the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded.
To learn more about the demand curve, please check: https://brainly.com/question/25140811
________________________ 1. defense agreements among nations ________________________ 2. an understanding among nations ________________________ 3. information designed to influence people ________________________ 4. the line of battle ________________________ 5. an agreement to end the fighting ________________________ 6. the gathering of resources and preparations for war ________________________ 7. people who believe industries should be publicly owned ________________________ 8. a person opposed to the use of violence ________________________ 9. opposition ________________________ 10. spying ________________________ 11. secret action to damage a war effort ________________________ 12. payment for damage caused by war
The terms explained below relate to the International Agreement and Political System which are usually derived from the occurrence of international conflict or war.
Terms Used International Agreement Political System1. Alliance system refers to defense agreements among nations.
The Alliance system also refers to international defense treaties.
2. Entente is an understanding among nations.
Entente can also be referred to as a treaty between nations.
3. Propaganda refers to information designed to influence people.
Therefore, information intended to persuade individuals is referred to as propaganda.
4. Front refers to the line of battle.
The front also refers to the combat line.
5. Armistice refers to an agreement to end the fighting.
Armistice can also be referred to as a cease-fire agreement.
6. Mobilization refers to the gathering of resources and preparations for war.
Mobilization, therefore, refers to the act of accumulating resources and making military preparations for war.
7. Socialists are people who believe industries should be publicly owned.
Socialists, therefore, think that industries should be owned by the government.
8. Pacifist is a person opposed to the use of violence.
A pacifist is someone who is against the use employment of force.
9. Dissent refers to opposition.
10. Espionage refers to spying.
11. Sabotage refers to a secret action to damage a war effort.
Sabotage is therefore a covert operation used to harm a combat effort.
12. Reparation refers to payment for damage caused by war
This implies that the term "reparation" refers to the payment of damages incurred as a result of a war.
Learn more about the international agreements here: https://brainly.com/question/1056305.
What role are textiles believed to have played in Incan culture? a. Used as decorative clothing used for rituals b. Used to identify a person’s profession c. Indicated a person’s ethnic identity and social rank Please select the best answer from the choices provided A B C
The role textiles believed played in Incan culture was in indicating a person’s ethnic identity and social rank.
What is Culture?
This can be defined as the way of life and is characterized by their language, clothing etc.
Incan culture involved ethnic groups and social ranks having their distinct clothings which is why option C was chosen as the most appropriate choice.
Read more about Incan culture here https://brainly.com/question/17532586
Answer:
C just trust me
Explanation:
Rachel went on a mini vacation to the Rocky Mountains for a week. When she returned home, she opened the billing statement for her credit card account. She found that there were transactions on her credit card within the past week in her city that she couldn’t identify. What has Rachel become a victim of?
Answer:
Credit Card Fraud
Explanation:
Financial accounting standards are known collectively as gaap. What does that acronym stand for?.
Answer:
Generally Accepted Accounting Principles
Explanation:
Which is an example of an interest group?
Answer:
sport club
Explanation:
because they share the same interest in sports :)
According to the MLA format, which best demonstrates the similarities and differences between the citations of a magazine and a book?
Both require the title and author, while magazines require the editor of the magazine.
Both require a date of publication, while magazines require the page number of the article.
Both require the format of the book, while books require the page number of the information.
Both require a location of publication, while books require the edition of the book if there is more than one.
Answer:
Both require a date of publication, while magazines require the page number of the article.
Explanation:
Modern Language Association or MLA format is one style of providing citations in academic works. This style of citation or formatting one's papers is used majorly in many universities all around the world and is regarded as one of the most accepted styles to be used.
According to this style, providing citations for both a magazine and a book requires the date of publication of the book/ article/ magazine. At the same time, magazines also require the page number of the article from which the quote is taken or used as a source.
Thus, the correct answer is the second option.
Answer:
B
Explanation:
Blissful Breeze manufactures and sells ceiling fans. Variable selling and administrative expense is $11.50 per fan and fixed selling and administrative expense is $7,800 per month. If Blissful Breeze produces 900 fans and sells 842 fans this month, total selling and administrative expenses will be $:___________ . (Enter your answer as a whole number.)
Based on the variable selling and administrative expenses, the total selling and administrative expenses for Blissful Breeze will be $17,483.
What will be the total selling and administrative expenses?This can be found with the formula:
= Variable selling and administrative expenses + Fixed selling and administrative expenses
Solving gives:
= (842 fans sold x 11.50) + 7,800
= $17,483
Find out more on expenses at https://brainly.com/question/14697297.
______________ can be measured as the income that could have been earned on an asset, based on the potential rate of return that is lost or sacrificed when one alternative use of the asset is chosen over another.
Answer:
Opportunity cost
Explanation:
Dictionary Definition: the loss of potential gain from other alternatives when one alternative is chosen.
Related back to your question opportunity cost fits this definition.
Dent, Inc., has a beginning inventory balance of $170,000 and purchased $320,000 worth of merchandise during the first 6 months of the calendar year. Dent also sold merchandise with a cost of $410,000 during the first 6 months of the calendar year. Under the periodic inventory method, the balance in Dent's Inventory account (per the general ledger) at June 30 is $ .
Under the periodic inventory method, the balance in Dent's Inventory account (per the general ledger) at June 30 is $170,000.
What is Periodic inventory method?Periodic inventory method can be defined as the process where inventory are recorded periodically.
Based on the information given the balance in Dent's Inventory account at June 30 will be $170,000 which is the beginning inventory balance reason being that under the periodic inventory method inventory are not record as the occur but are recorded at the end of accounting period.
Inconclusion under the periodic inventory method, the balance in Dent's Inventory account (per the general ledger) at June 30 is $170,000.
Learn more about Periodic inventory method here:https://brainly.com/question/8189650
If you want to know whether a company had a profit or a loss during a specific period of time, which financial statement would be most helpful?
A.
Statement of owners' equity
B.
Cash flow statement
C.
Balance sheet
D.
Income statement
Answer:
The answer would be D. Income Statement!
Explanation:
Answer:
D
Explanation:
Adjusting entries to record expenses incurred in the current period, that will be paid in a future period, is described as
Answer: accruing unpaid expenses
Explanation:
In what ways does a teacher or coach act as a manager?
Answer:
the person or people controlling and directing the affairs of a business.
i think so hope it helps.
Explanation:
Discovered that a sale on account to Musheer Orthopedics for $627.50 was incorrectly charged to the account of Hubbard Medical Clinic. M59
The journal entry is :
Debit Hubbard Medical Clinic $627.50 and Credit Musheer Orthopedics $627.50
What is error of commission?Error of commission is an error that occurs when a bookkeeper records a debit or credit to the correct account but to the wrong subsidiary account or ledger.
An example, is that money that has been received from a customer is credited properly to the receivable account, but to the wrong customer.
Hence, we 'll Debit Hubbard Medical Clinic $627.50 and Credit Musheer Orthopedics $627.50
Learn more about error of commission here : https://brainly.com/question/26256997
If the firm’s marginal cost per customer is $30, and the firm wants to follow the profit-maximizing rule, what would be the firm’s quantity of customers and price charged per customer?.
With the marginal cost per customer, the quantity of customers is 4000 and the price is $60.
What is marginal cost?It should be noted that marginal cost simply means the extra cost that's incurred as a result of the additional output produced.
In this case, from the complete question, with the marginal cost per customer, the quantity of customers is 4000 and the price is $60.
Learn more about marginal cost on:
https://brainly.com/question/16615264
Bushra Co. replaced a $1,000 account payable balance to Elin Co. with a 120-day, $1,000 note bearing 8% annual interest. Bushra's entry to record this transaction would include a credit to which account
Bushra Co.'s entry to record this transaction, replacing a $1,000 account payable balance to Elin Co. with a 120-day, $1,000 note bearing 8% annual interest, would include a credit to 8%, 120-day Note Payable in the sum of $1,000.
What is the correct journal entry to open a liability account?To open a liability account, such as the 8%, 120-day Note Payable, is to debit the account that receives the value and credit the liability account.
In this instance, the earlier Accounts Payable account will be debited with $1,000, while the new Note Payable account will be credited with $1,000.
Thus, Bushra's entry to record the transaction would include a credit to 8%, 120-day Note Payable.
Learn more about analyzing the accounting equation at https://brainly.com/question/24401217
Answer:notes payable
Explanation:
brown corporation earns 720000 and pays cash dividends of 240000 during 2021. Dexter corporation owns 3000 of the 10000 outstanding shares of brown how much investment income should dexter report
If Dexter corporation owns 3000 of the 10000 outstanding shares of brown the amount of investment income should dexter report is :$1,104,000.
Investment incomeUsing this formula
Investment income=Beginning balance+(Earning×Outstanding shares percentage)-(Cash dividend×Outstanding shares percentage)
Let plug in the formula
Investment income=$960,000 + ($720,000 ×3,000/10,000) - ($240,000 × 3000/10000)
Investment income=$960,000 + ($720,000 × .3) - ($240,000 × .3)
Investment income=$1,104,000
Inconclusion the amount of investment income should dexter report is :$1,104,000.
Learn more about investment income here:https://brainly.com/question/25895372
QUESTIUN S What is a premium?
Answer:
a premium is a price paid for higher and better quality value
Explanation:
the word premium comes from the Latin premium which means prize or reward hope this helps!!
Suppose the following list of events describes all of the economic activity resulting from an increase in government spending. Suppose that at each step after the initial one, the marginal propensity to consume is 0. 75, and there are no taxes Step 0. The government spends $5,000 on meat to host a very large dinner for foreign diplomats.
Step A. The butcher takes the income daughter. Arned by selling the meat, saves some, and spends the rest on a wedding cake for his
Step B. The baker who produced the wedding cake saves some of her earnings and uses the rest to purchase beautiful candlesticks as gifts for all of her friends.
Step C. The local candlestick maker saves some of his revenue for retirement and spends the rest on building materials to improve his house.
Instructions:
Modify the settings in the interactive tool to represent this event. Then click "Spending Rounds" and use the table to answer the following questions. Round answers to the nearest cent, if necessary
1. How much does the baker earn for selling the cake? $
2. How much does the baker spend on candlesticks? $
1. The amount that the baker earns for selling the cake is $3,750 based on the butcher's marginal propensity to consume of 0.75 of his income ($5,000 x 0.75).
2. The amount that the baker spends on candlestick is $2,812.50 based on the candlestick maker's marginal propensity to consume 0.75 of his income ($3,750 x 0.75).
What is the marginal propensity to consume?Economics defines the marginal propensity to consume (MPC) as the proportion of the income that a consumer spends on the immediate consumption of goods and services.
The marginal propensity to consume (MPC) is the opposite of the marginal propensity to save (MPS). Both economic indexes describe how consumption or savings change, given some changes in income.
Data and Calculations:Marginal Propensity to Consume = 0.75
Taxes = 0%
Government spending on meat = $5,000
Step A:
Amount spent by butcher on daughter's wedding cake = $3,750 ($5,000 x 0.75).
Step B:
Amount spent on the purchase of beautiful candlesticks by baker for producing the wedding cake = $2,812.50 ($3,750 x 0.75).
Step C:
Amount spent by the local candlestick maker on building materials to improve his house = $2,109.38 ($2,812.50 x 0.75).
Learn more about marginal propensity at https://brainly.com/question/17930875
what is copyright infringement in your own words
Answer:
DescriptionCopyright infringement is the use of works protected by copyright law without permission
Explanation:^
When her manager asked talia if she would "lose" the invoice that came in with the extra shipment of parts because the supplier wouldn’t know any difference, talia replied "no. " her response is an example of
The action by Talia in refusing to do what the manager said is called organizational citizenship.
What is organizational citizenship?This refers to moral actions by people that go beyond the roles and obligations they are tasked with to ensure that a company is successful.
Talia refuses to lose the invoice which was beyond what the manager had told her because she wanted the supplier to be successful in its transactions with her company.
Find out more on moral corporate actions at https://brainly.com/question/13383200.
What is the role of the three questions of economics?
Answer: 1. what to produce? 2. How to produce? 3. what consumes what is produced?
Explanation: Hope this helps :)
If a person wants to work from home in the Business, Management and Administrative careers, what is required?
O a cubicle to keep the person on task
0 a private office to protect confidential information
proper technology to keep the person connected
proper travel arrangements to meet with customers
Answer:
proper technology to keep the person connected
Explanation:
Working from home entails accessing the office remotely. The employee gets connected to the company's private network while at home. A good internet connection is required for the employee to be connected to the office systems while at home.
Apart from connectivity, they may need a virtual private network application to access the company's private network. The employee's home computer will need configuration to access office applications. Proper technology is, therefore, required to keep an employee connected.
Answer:
C) proper technology to keep the person connected
Explanation:
A voucher is an internal document or file: Multiple Choice Used to prepare a bank reconciliation. Used as a substitute for an invoice if the supplier fails to send one. Used to collect information needed to control cash payments and to ensure that transactions are properly recorded. Takes the place of a bank check. Used by large companies to control cash receipts
Voucher is used as a substitute for an invoice if the supplier fails to send one and to collect information needed to control cash payments and to ensure that transactions are properly recorded.
What is Voucher?Voucher is a type of document used by a company, firm, organization or industry. It is used to record cash or money to be paid.
Different department in an organization also use it and it is important for backup.
Therefore, a Voucher is used as a substitute for an invoice if the supplier fails to send one and to collect information needed to control cash payments and to ensure that transactions are properly recorded
Learn more on voucher bills here,
https://brainly.com/question/25123245
An amortized loan is repaid with annual payments which start at $400 at the end of the first year and increase by $45 each year until a payment of $1,480 is made, after which they cease. If interest is 4% effective, find the amount of principal in the fourteenth payment
If the amortized loan repaid annually with $400, with interest of $45 and rate of 4 percent, the amount of principal in the last month is $530.18
How to solve for the principal amountPayment at the end of year 1 = 400
Year increments = 45
Last Payment made = 1480
years left after first payment
[tex]\frac{1480-400}{45} = 24[/tex]
= (1480 - 400) / 45 = 24
Length of the loan = 24 plus 1 = 25 years( the 25th year payment is 1480)
The payment made in the 14th year
400 + (13x45)
= 985
Calculation of Loan balance After 13 Years
25 - 13 = 12
formula for the present value of the loan = P*[1 - (1+r)^-n / r ] + G*[ ((1+r)^n - 1 / r^2*(1+r)^n) - n / r*(1+r)^n ]
P = amount of loan In 14th Year
= 985
r = 4%
n = Number of years = 12
G = 45
We have to put the values in the formula
present value loan balance = 985*[1 - (1+4%)^-12 / 4% ] + 45*[((1+4%)^12 - 1 / 4%^2*(1+4%)^12) - 12 / 4%*(1+4%)^12 ]
Balance after a period of 13 years = 11,370.45
Amount of interest to be paid in the 14th period = Loan balance * Interest rate
= 111370.45 x 0.04
= $454.82
Principal amount = Payment - Interest
Payment = 985
P = 985 - 454.82
Therefore the Principal is = $530.18
The amount of principal after the 14th payment is $530.18
Read more on amortized loan here: https://brainly.com/question/24963594
The four overarching strategies to create and deliver value and to develop sustainable competitive advantages include locational, customer, operational and _______ excellence.
The four overarching strategies to create and deliver value and to develop sustainable competitive advantages include locational, customer, operational, and product excellence.
Indeed, the four overarching strategies for developing, creating, and delivering customer value and achieving sustainable competitive advantage are:
Customer Excellence.Operational Excellence.Product Excellence.Locational Excellence.What are competitive advantages?Competitive advantages are the factors that give the company the edge to produce goods or services better or more cheaply than its rivals.
The four recognized competitive advantages include cost leadership, differentiation, defensive strategies, and strategic alliances.
Thus, the four overarching strategies to create and deliver value and to develop sustainable competitive advantages include locational, customer, operational, and product excellence.
Learn more about competitive advantages at https://brainly.com/question/26514848
Inside Auto, an automobile parts manufacturer, is headquartered in South Carolina. The firm is shifting its operations from South Carolina to India due to lower labor costs and the availability of required skills in India. This scenario indicates that Inside Auto is engaging in the practice of
This scenario indicates that Inside Auto is engaging in the practice of Outsourcing and offshoring.
What is Outsourcing?
This refers to the practice of getting cheap labor from other places where there are high poverty rates but also good technical skills.
Hence, we can note that because Inside Auto is shifting its operations from South Carolina to India with the aim of getting lower labor costs, then this is an example of outsourcing and offshoring.
Read more about outsourcing here:
https://brainly.com/question/877988
QUESTION 1 of 10: You manage a staff of 9 employees. Each employee has equally done an excellent job this year. If upper management has allotted a bonus for your department of $30,000, what dollar bonus amount would each employee get if divided equally (round to nearest dollar
The amount that each employee will get out of the bonus to your department will be $3,000.
What will each employee get?You manage a staff of 9 employees in your department which means that there are 10 people in total.
The amount that each person will get from the bonus will therefore be:
= 30,000 / 10 employees
= $3,000
Find out more on bonuses at https://brainly.com/question/933169.
what generally happens to the purchasing power of cash over time?
Answer:
it goes down.
Explanation:
back in the 1980s or whatever, someone working a job at a gas station could provide decently comfortably for their family... that is absolutely not true as of today. you will be out on the street starving if you work one job, that is a minimum wage job.
Answer:
A. It doubles.
Explanation:
If a customer or an employee is involved in a minor accident on the business premises, an employee is the businesses should do what
If a customer or an employee is involved in a minor accident, the case should be reported to the Health, Safety and Environmental department.
What is an Accident?An accident is an unplanned event that can lead to the injury or death of someone. It can also lead to the destruction of properties. This is an unintended, unexpected event that might have resulted from the carelessness of an individual or that might not have been caused by an individual.
If a minor accident should occur in a business premises, the case should be reported to the HSE department and appropriate actions should be taken so as to avoid a future occurrence.
Learn more about Accidents here:
https://brainly.com/question/4928395