g how long (in years) will it take to triple an investment made at a 2% interest rate if the interest is compounded monthly

Answers

Answer 1
It will take 36 years and eight months

Related Questions

What is the loan amount if the interest rate is 7.5% per year and the monthly interest payment is $1,250?

Answers

Answer:

The amount of the loan was $ 13,953.48.

Explanation:

To determine what is the loan amount if the interest rate is 7.5% per year and the monthly interest payment is $ 1,250, the following calculation must be performed:

1250 x 12 = 15,000

1,075X = 15,000

X = 15,000 / 1,075

X = 13,953.48

Therefore, the amount of the loan was $ 13,953.48.

Entries for Notes Receivable, Including Year-End Entries The following selected transactions were completed by Interlocking Devices Co., a supplier of zippers for clothing: 20Y7 Dec. 7. Received from Unitarian Clothing and Bags Co., on account, a $60,000, 60-day, 7% note dated December 7. Dec. 31. Recorded an adjusting entry for accrued interest on the note of December 7. Dec. 31. Recorded the closing entry for interest revenue. 20Y8 Feb. 5. Received payment of note and interest from Unitarian Clothing

Answers

Answer:

Interlocking Devices Co.

Journal Entries:

20Y7

Dec. 7.

Debit Notes Receivable (Unitarian Clothing and Bags Co.) $60,000

Credit Accounts Receivable $60,000

To record the receipt of a 60-day, 7% note dated December 7.

Dec. 31.

Debit Interest Receivable (Unitarian Clothing and Bags Co.) $280

Credit Interest Income $280

To accrue interest on notes receivable ($60,000 * 7% * 24/360).

Dec. 31.

Debit Interest Income $280

Credit Income Summary $280

To close the interest income to income summary.

20Y8

Feb. 5.

Debit Interest Receivable (Unitarian Clothing and Bags Co.) $420

Credit Interest Income $420

To accrue interest on notes receivable.

Debit Cash $60,700

Credit Notes Receivable (Unitarian Clothing and Bags Co.) $60,000

Credit Interest Receivable (Unitarian Clothing and Bags Co.) $700

To record the receipt of principal and interests.

Explanation:

a) Data and Analysis:

20Y7

Dec. 7. Notes Receivable (Unitarian Clothing and Bags Co.) $60,000 Accounts Receivable $60,000 on account, a $60,000, 60-day, 7% note dated December 7.

Dec. 31. Interest Receivable (Unitarian Clothing and Bags Co.) $280 Interest Income $280 ($60,000 * 7% * 24/360)

Dec. 31. Interest Income $280 Income Summary $280

20Y8

Feb. 5. Interest Receivable (Unitarian Clothing and Bags Co.) $420 Interest Income $420

Cash $60,700 Notes Receivable (Unitarian Clothing and Bags Co.) $60,000 Interest Receivable (Unitarian Clothing and Bags Co.) $700

Please describe an effective leadership style

Answers

Business leaders can improve employee engagement and satisfaction, stimulate creativity and productivity, and ultimately accomplish the aims and objectives of the organization by using a transformational leadership style.

What is transformational leadership style?

A leadership style known as transformational leadership focuses on inspiring and encouraging followers to produce amazing achievements that go above and beyond what they had anticipated. By establishing a vision and uniting people around it, it is a leadership strategy that aims to transform both people and organizations. The skill of inspiring and motivating others to accomplish at their highest level and realize their full potential is a trait of transformational leaders.

Transformational leaders are able to express their compelling future vision in a way that inspires and motivates others. They are endowed with charisma and the capacity to enthrall and sway their audience.

Setting high standards and pushing their followers to go beyond their own boundaries are two ways that transformational leaders inspire and encourage their followers.

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The complete question is:

Please describe an effective leadership style in a business

Which of the following statement is NOT TRUE about advantages of using primary data?
А. The researchers can decide the type of method they will use in collecting the data
B. The researchers can focus the data collection on specific issues of the research. С. The researchers would know in detail how the data were gathered and will be able to present original data.
D. The researchers will have to collect large volume of data since they will interact with different people and environments.​

Answers

Answer:

A. false

B. false

C. true

D. true

If the cost of the beginning work in process inventory is $85,000, costs of goods manufactured is $960,000, direct materials cost is $344,000, direct labor cost is $224,000, and overhead cost is $329,000, calculate the ending work in process inventory.

Answers

Answer:

$22,000

Explanation:

Costs of goods manufactured = Opening Work in Process + Manufacturing Costs Incurred during the Period - Ending Work in Process

thus,

Ending Work in Process = Opening Work in Process + Manufacturing Costs Incurred during the Period - Costs of goods manufactured

therefore,

Ending Work in Process = $85,000 + ( $344,000+ $224,000+ $329,000) - $960,000

                                        = $22,000

Borland, Inc. issues 25-year semi-annual bonds that have a face value of $1,000 and a coupon rate of 7.5%. The current market price for the bonds is $950.00. If your required rate of return is 8.5%, what is the value of one of these bonds to you

Answers

Answer: $897.03

Explanation:

You can use Excel to calculate this.

The bond is a semi-annual bond so you need to adjust the variable for this first.

Number of periods = 25 * 2 = 50 semi-annual periods

Coupon = 7.5% * 1,000 * 0.5 semi-annual adjustment = $37.50

Yield = 8.5% / 2 = 4.25%

Value to you = $897.03

Edelman Engineering is considering including two pieces of equipment, a truck and an overhead pulley system, in this year's capital budget. The projects are independent. The cash outlay for the truck is $19,000 and that for the pulley system is $20,000. The firm's cost of capital is 12%. After-tax cash flows, including depreciation, are as follows:

Year Truck Pulley
1 $5,100 $7,500
2 5,100 7,500
3 5,100 7,500
4 5,100 7,500
5 5,100 7,500

Required:
a. Calculate the IRR for each project.
b. What is the correct accept/reject decision for this project?
c. Calculate the NPV for each project. Round your answers to the nearest dollar, if necessary.
d. What is the correct accept/reject decision for this project?

Answers

Answer:

Find attached excel file

Explanation:

The internal rate of return is the discount rate at which the present value of future cash flows is the same as the initial investment outlay, which can be determined using excel the IRR function shown below:

=IRR(values)

values are the cash flows from initial investment outlay up until the cash inflow in year 5.

The net present value is the present value of future cash flows discounted at the firm's cost of capital minus the initial investment outlay

After examining the records of Theta Company for the month of October, the following information is obtained: Beginning cash balance $2,700 Cash receipts 56,000 Cash payments 36,000 Minimum cash balance 1,000 Loan repayments 10,000 Based on the given information, calculate Theta's cash surplus (deficiency) for the month of October.

Answers

Answer:

the surplus of the cash is $21,000

Explanation:

The computation of the cash surplus (deficiency) for the month of October is given below:

Cash surplus is

= opening balance + cash receipt - cash payment - minimum cash balance

= $2,700 + $56,000 - $36,000 - $1,000

= $21,000

hence, the surplus of the cash is $21,000

Brazil, Russia, India, China, and South Africa, also known as BRICS, are emerging countries poised to be dominant economic players in the 21st century. What are some of the political, legal and economic conditions that help or hinder economic expansion for these countries?

Answers

Answer:

Major challenges are wars and conflicts, reduced investments and reduced trade is hindering the economic development.

Explanation:

The BRICS economy is in the major economy in the world. It has an economy of manufacturing, services, and raw materials.  The contribution of the BRCS economy is bout 30% of the world economy as of 2014.

CompuGlobal is an American firm producing computers. CompuGlobal imports computer components from Taiwan and assembles them domestically. Suppose that in the United States, a computer sells for $800 and that 60% of the computer’s value comes from the value of the imported components. The United States imposes a 50% tariff on computers and a 10% tariff on the computer’s components. Assume that costs of producing components are the same in the United States and Taiwan and that transit costs are nonexistent. Based on the information provided, the effective rate of protection that CompuGlobal receives from the tariff is

Answers

Answer: 110%

Explanation:

The effective rate of protection is used in measuring the final tariff in a particular sector and it's expressed as:

g = (t -ai,ti) / (1 - ai)

where,

g = effective protection rate

ai = nominal tariff rate = 0.6

t = cost of intermediate input = 0.5

ti = nominal tariff on intermediate input = 0.1

The computer price here is $800 while the input price is 60% of $800 which will be:

= 60% × $800 = $480

nominal tariff rate = 480/800 = 0.6

Nominal tariff on final goods, t = 50% = 0.5

Tariff on imported input, ti = 10% = 0.1

Using the formula:

g = (t -ai,ti) / (1 - ai)

g = [0.5 - (0.6×0.1)] / (1 - 0.6)

g = (0.5 - 0.06) / 0.4

g = 0.44/.0.4

g = 1.10

g = 110%

The effective rate of protection is 110%

A disadvantage of the rate of return method is that it:________.
a. considers the cash flow of the investment.
b. considers the time value of money.
c. ranks proposals based on the cash flows over their complete useful life.
d. assumes that the cash received from a proposal can be reinvested at the internal rate of return.

Answers

Answer:

Opposite of C.

Explanation:

A disadvantage there should be that it does not take into account the time value of money

Inga invested part of her $6000 savings in common stock and the rest in rare stamps. At the end of the year, she realized a gain of 9% on the stock and 12%on the stamps. If her savings now amounts to $6615, how much did she invest in stamps

Answers

Answer:

The amount Inga invested in stamps is $2,500.

Explanation:

Let x represents the amount invested in common stock. Therefore, we have:

Amount invested in common stock = x

Amount invested in stamps = 6000 - x

Rc = Rate of gain from common stock = 9%, or 0.09

Rs = Rate of gain from common stock = 12%, or 0.12

Amount of saving now = $6615

Therefore, we have

Amount of saving now = (x * (1 + Rc)) + ((6000 - x) * (1 + Rs)) ………….. (1)

Substituting all the relevant values into equation (1) and then solve for x, we have:

6615= (x * (1 + 0.09)) + ((6000 - x) * (1 + 0.12))

6615 = (x * 1.09) + ((6000 - x) * 1.12)

6615 = 1.09x + (6720 - 1.12x)

6615 = 1.09x + 6720 - 1.12x

6615 - 6720 = 1.09x - 1.12x

-105 = -0.03x

x = -105/-0.03

x = 3,500

Therefore, we have:

Amount invested in stamps = 6000 - x = $6,000 - $3,500 = $2,500

Therefore, the amount Inga invested in stamps is $2,500.

On average, it takes one packaging and shipping employee 15 minutes to prepare a package and label, independent of the number or types of items in the shipment, plus 6 minutes per item to bubble wrap and pack it in the carton. What is the packaging and shipping cost assigned to Order 705, which has 40 items?

Answers

Question Completion:

Owl Company sells multiple products - very fragile hand carved stone owls. They use a time-driven ABC system. The company's products must be wrapped individually before shipping. The packaging and shipping department employs 12 people. Each person works 20 days per month on average. Employees in this department work an eight hour shift that includes a total of 75 minutes for breaks and a meal. The full compensation, including fringe benefits, for each packaging and shipping employee is $ 4,050 per month.

Answer:

Owl Company

The packaging and shipping cost assigned to Order 705, which has 40 items is:

= $127.50

Explanation:

a) Data and Calculations:

Number of people employed by the packaging and shipping department = 12

Working days per employee = 20 days per month on average

Shift per day = 8 hours

Minutes for breaks and a meal = 75 minutes per day

Total minutes spent working per month = (20 * 8 * 60) - (75 * 20) = 8,100

Salary per employee = $ 4,050 per month

Salary per minute = $0.50 ($4,050/8,100)

Minutes spent in preparing a package and label = 15 minutes

Minutes spent for bubble wrap and packaging = 6 minutes per item

Total Packaging and shipping cost = Total Minutes of labor used in Packaging (40 * 6 + 15) * Labor cost per minute

= 255 minutes * $0.50 per minute

= $127.50

When product discontinuance is being considered, changes in fixed cost and ______________ will impact the decision. Group of answer choices inventory turnover contribution margin sunk costs administrative cost

Answers

Answer:

variable

Explanation:

if one is fixed the other must be changeable as a variable that cant easily be controlled

o What’s the Difference Between Non-Formal and Informal Learning

Answers

Answer:

I hope this will help you

is solicitation with the promise of reward is the highest level of sexual harassment

Answers

Answer:

false

Explanation:

false. XxXXXXXXZXXXXX

If money is your political voice, how loud is your voice? Who has the loudest voice?

Answers

Answer:

i....I honestly don't know I've tried online but it shows nothing sorry

The following data relate to direct labor costs for August: actual costs for 5,500 hours at $24.00 per hour and standard costs for 5,000 hours at $23.70 per hour. The direct labor rate variance is a.$1,500 unfavorable b.$1,500 favorable c.$1,650 unfavorable d.$1,650 favorable

Answers

Answer: c. $1,650 unfavorable

Explanation:

The direct labor rate variance shows the difference between the cost of direct labor that the company thought it would incur vs what it actually incurs for the period.

Formula is:

Direct labor rate variance = Actual cost of direct labor - Standard cost of actual hours of direct labor

= Actual hours * (Actual cost - Standard cost)

= 5,500 * (24 - 23.70)

= $1,650 unfavorable

Unfavorable because the actual cost incurred was more than the cost anticipated.

Nissan has flexible agreements with its suppliers and transporters to accommodate unexpected surges in demand without disruptions in service or in customer satisfaction. This is an example of the _______ process.

Answers

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Product development and commeercialization.

b) Supplier-relationship management.

c) manufacturing flow management.

d) Returns management.

The correct answer is the option B: Supplier-relationship management.

Explanation:

To begin with, in the business management field the concept known as "Supplier-relationship management" refers to the system used by the managers of a company with the purpose of improving the relationships specifically with the suppliers of it, therefore that it seeks for the better arrengements with them and how to develop better strategic ways of improving both parties benefits in their contracts. That is why that the SRM is focus on maximizing the value of the interactions between the company and its suppliers so therefore that the case presented by Nissan is related to the process of using an excellent SRM.

Test the following sentences to see if headwords and verbs agree:

a. The statement on the income tax form about deduction for children and other dependents were simply unreadable.
b. The type of career that many graduates are hoping to pursue pay high salaries and provide long vacations.
c. Apparently, the use of robots in factories have been responsible for a great deal of worker dissatisfaction.
d. The problems associated with government deregulation have been responsible for the economic plight of several major airlines in recent years.
e. The impact of computers on our lives is comparable to the impact of the industrial revolution.
f. The amount of money and time I spend on computer games is more that I can afford.

Answers

Answer:

a). The statement on the income tax form about the deduction for children and other dependents was simply unreadable.

b). The type of career that many graduates are hoping to pursue pay high salaries and provide long vacations.

c). Apparently, the use of robots in factories has been responsible for a great deal of worker dissatisfaction.

d). The problems associated with government deregulation have been responsible for the economic plight of several major airlines in recent years.

e). The impact of computers on our lives is comparable to the impact of the industrial revolution.

f). The amount of money and time I spend on computer games is more than I can afford.

Explanation:

Subject-verb agreement is described as the grammatical rule according to which the subject, as well as, the verb must agree with one another in number. As per the rules, if the subject(noun or noun phrase) is singular, it will take a singular verb while if the subject is plural(noun or noun phrase), it will carry a plural verb.

According to this rule, the first and third sentence fails to follow this agreement. The first sentence inadequately carries a plural verb 'were' with the singular noun ('The statement') and similarly, the third sentence wrongly employs plural verb 'have' with the singular noun 'the use.' The other sentences are grammatically appropriate as the verbs and noun phrases agree in number.

This year, Herb Partnership generated $740,000 ordinary business income. Herb has two equal partners: Savory LLC and Sweet Corp., an S corporation. Savory LLC has three members: Mr. Parsley, an individual who owns a 40 percent interest; Mrs. Rosemary, an individual who owns a 35 percent interest; and Sage Inc., a C Corporation which owns a 25 percent interest. Sweet Corp. has 100 shares of outstanding stock, all of which are owned by Ms. Mint, an individual.

Required:
Identify the taxpayers who must pay tax on the partnership income, and determine how much income must be reported by each.

Answers

No equivalent fraction of the equation is instructions to follow and analyze the diagram below the complete 5509 50 507MLG equals 43.6%, MLI equals 46.4%, GH equals $35.81 calls equals style equation to the 4396 equals I’m

Angel Toys is a producer of tiny dolls for children. Following is information about its revenue and cost structure: Assume that the current sales level is 14,000 dolls. What impact would a 10% increase in sales have on income

Answers

Answer: D. Income would increase by about 51%

Explanation:

Income before sales increase:

= Sales - Variable costs - Fixed costs

= (8 * 14,000 units) - ( (1.20 + 0.40) * 14,000 units) - (40,000 + 32,000)

= 112,000 - 22,400 - 72,000

= $17,600

Income after sales increase:

New sales = 14,000 * (1 + 10%) = 15,400 units

= (8 * 15,400) - ( (1.20 + 0.40) * 15,400) - (40,000 + 32,000)

= $26,560

Percentage increase:

= (26,560 - 17,600) / 17,600

= 50.9%

= 51%

Medici and Athena are companies that manufacture medical equipment. The two companies have partnered for a unique project to create a specialized X-ray machine with the latest and the most expensive technology available. Medici and Athena will share their knowledge and resources as well as ownership and risk in the investment. However, each company will retain its own business identity. Which of the following business forms have Medici and Athena adopted for the project?

a. A merger
b. A joint venture
c. Piggybacking
d. A licensing agreement

Answers

Answer:

a joint venture

Explanation:

"a commercial enterprise undertaken jointly by two or more parties which otherwise retain their distinct identities."

A joint venture, of the following business forms have Medici and Athena adopted for the project. Thus, option (b) is correct.

What is business?

The term “business” refers to earning a profit. The business is taking the risk and earning the profit. The business is mainly focused on the activities of the creation, distribution, and selling of concepts. The businesses are interested in the investment as a future perspective.

A commercial operation done jointly by two or more people who otherwise retain their unique identities. Medici and Athena were joint venture enterprises that produced medical equipment. The Medici and Athena would share their resources and knowledge as well as participation and risk in the investment, in the business.

As a result, the joint venture, of the following business forms have Medici and Athena adopted for the project. Therefore, option (b) is correct.

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Ejercicios para la actividad 7.

1. Contrastar que, con el cambio de modelo de una máquina, el proceso se ha hecho más

variable. La varianza con el modelo anterior fue de 23.15. Se realizan 25 observaciones con el

nuevo modelo obteniéndose una varianza muestral

2. de 40.5. Utilice un 99% de confianza para realizar el contraste. (Contraste bilateral)

Answers

Answer:

i hope all are safe and gappy in this time take care of youreself also health first thsn any work

The cost object in a job order system is the ______ and the cost object in a process costing system is the ______.
a. process; specific job
b. specific job; process
c. process; department
d. department; process

Answers

Answer:

B. Hope it helps:)

Explanation:

Answer: C. Process;Department

Explanation: the cost object in a job order system is the specific job and the cost object in a process costing system is the process.

a ceo decides to change an accounting method at the end of the current year. the change results in reported profits increasing by 5% but the company's cash flows are not changing. if capital markets are efficient, then the stock price will:

Answers

Answer:

The stock price will not be affected by the accounting change.

Explanation:

Since it is assumed that the capital markets are efficient, the stock's market price is expected to reflect all available and relevant information.  This implies that all the necessary information is already incorporated into the stock price.  The CEO cannot deceive the market through this change in accounting method.  Therefore, the stock price will not be undervalued or overvalued.  Moreover, the change in accounting method only shifts the timing for reporting income.

The opportunity cost of holding money Group of answer choices varies inversely with the interest rate. varies directly with the interest rate. varies inversely with the level of economic activity. s zero because money is not an economic resource.

Answers

Answer:

Varies directly with the interest rate.

Explanation:

Varies directly with the interest rate.

The opportunity cost of holding the money will be the earning that can be made by investing the money. Basically, it is the interest rate that an investment provides when money is invested. If the money is not invested and it just held then the interest rate that could be earned is the opportunity cost.

The debits to Work in ProcessâAssembly Department for April, together with data concerning production, are as follows: April 1, work in process: Materials cost, 3,000 units $ 7,441 Conversion costs, 3,000 units, 40% completed 5,477 Materials added during April, 10,000 units 27,805 Conversion costs during April 32,363 Goods finished during April, 12,000 units 0 April 30 work in process, 1,000 units, 40% completed 0 All direct materials are added at the beginning of the process, and the first-in, first-out method is used to cost inventories. The conversion cost per equivalent unit for April is
a.$2.81
b.$2.49
c.$2.89
d.$3.24

Answers

Answer: c. $2.89 per unit

Explanation:

Using the First-In, First-Out method, we need to find the equivalent units first:

= Equivalent opening units + Units started and completed + Equivalent ending units

= (Opening units left to be completed) + (Units completed - opening units) + (proportion of closing units completed with respect to conversion)

= (3,000 * (1 - 40%)) +  (12,000 - 3,000) + (1,000 * 40%)

= 11,200 units

Conversion costs = 32,363

Conversion cost per units:

= 32,363 / 11,200 units

= $2.89 per unit

What should be your FIRST consideration after your project team has completed the task of developing potential ideas to increase productivity?

Answers

The correct answer is: Provide graphics and pictorials as part of your presentation. Your project team has completed the task to develop potential ideas to increaseproductivity (select a specific organization that is applicable to you, if desired).

Juanita is deciding whether to buy a dress that she wants, as well as where to buy it. Three stores carry the same dress, but it is more convenient for Juanita to get to some stores than others. For example, she can go to her local store, located 15 minutes away from where she works, and pay a marked-up price of $124 for the dress:

Store (Minutes) Travel Time Each Way Price of a Skirt (Dollars per skirt)
Local Department Store 15 102
Across Town 30 85
Neighboring City 60 76

Assume that Juanita takes opportunity costs and the price of the suit into consideration when she shops. Juanita will minimize the cost of the suit if she buys it from the:______. .

Answers

Answer:

Neigboring city

Explanation:

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