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Brums
2 days ago
6

Edwin Pritchard deposited 7,500 in a 3 - year, time - deposit account that pays simple interests at a 5.9% annual rate. What tot

al amount of interest will Edwins deposit earn in three years?
Business
1 answer:
Nady [3.2K]2 days ago
7 0

Response: Edwin's deposit will yield an interest of $1327.50

We calculate simple interest on a deposited amount using the formula:

SI = P*N*R

where

SI = Simple Interest

P = Principal or the deposited amount

N = Duration of the deposit in years

R = annual interest rate on the principal

By inserting the values from the problem into the formula stated above, we find that

SI = 7500 * 3 * 0.059

SI = 1327.50

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Dividends on CCN corporation are expected to grow at a 9% per year. Assume that the discount rate on CCN is 12% and that the exp
marusya05 [3433]

Answer:

P14 = $55.69545045394 rounded to $55.70

Explanation:

The dividend discount model (DDM) based on constant growth can help determine the current stock price. It assesses a stock’s price using the present value of the anticipated future dividends. The formula for determining today's price with a constant growth DDM is,

P0 = D1 / (r - g)

Where,

  • D1 represents the expected dividend for Year 1 or the following year
  • g denotes the constant growth rate for dividends
  • r signifies the discount rate or the required rate of return

To find the stock price today, we will utilize the dividend expected in Year 1. Consequently, to compute the stock price 14 years into the future, we calculate D15. D15 can be figured out as follows,

D15 = D1 * (1+g)^14

D15 = 0.50 * (1+0.09)^14

D15 = $1.67086351362 rounded to $1.67

Now applying the DDM formula for the price,

P14 = 1.67086351362 / (0.12 - 0.09)

P14 = $55.69545045394 rounded to $55.70

6 0
1 month ago
K company estimates that overhead costs for the next year will be $2,900,000 for indirect labor and $800,000 for factory utiliti
Scilla [3549]
To calculate the overhead rate, we need to derive the ratio of total indirect costs to direct labor costs. Overhead rate = Indirect Cost / Direct labor cost. Total estimated overhead costs are calculated as $2,900,000 + $800,000, amounting to $3,700,000. Thus, the overhead rate is $3,700,000 divided by $80,000, yielding an overhead rate of 46.25. Consequently, the overhead rate for K company is 46.25.
3 0
3 days ago
A standard work year is 2000 hours at the Luther Mill and it takes about an hour and a half to fill a customer order. The manage
arsen [3236]

Response:

Clarification:

Last year's customer orders totaled 15000

Predicted orders for next year with a 15% rise = 15000 x 1.15 = 17250

Each customer order takes 1.5 hours to fulfill

Total time needed to satisfy customer orders = 17250 x 1.5 = 25875

Knowing that the standard work year comprises 2000 hours

Hence, the effective work year with a 2% capacity cushion

= Standard work year x ( 1 – Capacity cushion %/100)

= 2000 x 0.98  = 1960 hours

Workers required by manager

= Total time needed for orders / effective work year

= 25875 / 1960  = 13.20, rounded to 13

Thus, the manager will require 13 workers next year

5 0
25 days ago
Read 2 more answers
Once you have collected data for a message, you’ll need to find a way to organize it. Well-organized messages group similar idea
Katen [3220]

Answer:

c. Sparkling water, evening wine tasting, four-star hotel restaurant

a. You need to persuade your coworkers to embrace a new software program that they find confusing.

b. You need to let go of your receptionist.

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Explanation:

In the first question, sparkling water, evening wine tasting, and dining at a four-star restaurant are specific items that align with the examples of food and drink and $100/night four-star accommodations from the scratch list.

In the subsequent question, a manager applies indirect strategies when conveying uncomfortable news to staff in a manner that minimizes negative psychological effects. For instance, informing someone about the termination is distressing and should be relayed indirectly, beginning with an explanation and positioning the primary information at the end of the message

6 0
18 days ago
How do basic level occupation help society​
stepan [3267]

Answer:

An occupation, job, employment, or work represents an individual's role within society. Specifically, a job refers to an activity that is commonly regular and performed in exchange for compensation ("to earn a living"). Many individuals hold multiple roles (such as parent, homemaker, and employee). One can initiate a job through employment, volunteering, entrepreneurship, or parenting. The time span of a job can vary from short-term (like hourly tasks) to long-lasting (for example, judges).

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1 month ago
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