A man deposits $ 72,400 into a bank, which pays 12% interest that is compounded quarterly. What will he have in his account at the end of five years?

Answers

Answer 1

The amount he will  have in his account at the end of five years is $130,762.45

What is the value of the amount he would have in 5 years?

The amount he would have in the account at the end of 5 years is the future value of the initial deposit of $72,400, in other words, the initial deposit plus the interest on principal and interest on earlier interest earned over the period of 5 years, which can be computed using the future value formula shown below:

FV=PV*(1+r/m)^(m*n)

FV=accumulated balance after 5 years=unknown

PV=initial deposit=$ 72,400

r/m=quarterly interest rate=12%/4=0.03

m=number of quarterly periods in a year=4

n=number of years that the deposit would last=5

m*n=4*5=20

FV=$72,400*(1+0.03)^20

FV=$130,762.45

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Related Questions

A company can change to a new method of accounting if management can justify that the new method results in.

Answers

The correct option is more meaningful financial info

Accounting is the process of documenting a business's financial transactions. These transactions are compiled, examined, and reported to oversight organizations, regulatory bodies, and tax collecting organizations as part of the accounting process. A company's activities, financial condition, and cash flows are summarized in the financial statements that are used in accounting. They provide a succinct overview of financial events across an accounting period. Accounting is the process of documenting financial transactions and using those records to save, retrieve, organize, summarize, and present the findings in different reports and analyses. A profession and subject of study devoted to doing those objectives is accounting. The measuring, processing, and exchange of financial and non-financial information regarding economic entities, such as enterprises and corporations, is known as accounting or accountancy.

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Which type of information system would you use to forecast the return on investment if your firm planned to switch to a new supplier that offered products at a lower cost?

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The type of information system would you use to forecast the return on investment if your firm planned to switch to a new supplier that offered products at a lower cost is DSS i.e. Decision Support System.

Decision Support System: A computerized system known as a decision support system (DSS) collects, evaluates, and then synthesizes data to create detailed information reports. The purpose of an ordinary operations application, which is only to collect data, is different from a decision support system.

The type of information system would you use to forecast the return on investment if your firm planned to switch to a new supplier that offered products at a lower cost is DSS i.e. Decision Support System.

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The adjusting journal entry required to record depreciation includes a(n) _____________ entry to accumulated depreciation.

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The adjusting journal entry required to record depreciation includes a(n) "Debit entry" to accumulated depreciation.

What is Journal Entry?

A business transaction is documented in the accounting records of the company using a journal entry. Journal entries are often made in the main ledger, but they may also be produced in a subsidiary ledger and subsequently rolled forward into the general ledger after being summarised. After then, the general ledger is used to compile the company's financial statements. The logic of a journal entry requires that every business transaction be recorded in at least two places (known as double entry accounting). For instance, when you make a cash sale, both the revenue account and the cash account are increased. Alternately, making purchases on credit leads to an increase in the accounts payable and inventory accounts.

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The business cycle is the? a. relationship between unemployment and inflation. b. irregular fluctuations in economic activity. c. positive relationship between the quantity of money in

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The business cycle is the

d. irregular unpredictable changes in economic activity.

What is meant by the business cycle?

Business cycles are a type of change found in the aggregate economic activity of a nation, a cycle that consists of developments occurring at about the same time in many financial activities, followed by similarly general squeezes (recessions).

What is the relationship between the business cycle and inflation?

Unemployment rises during business cycle recessions and declines during business cycle developments (recoveries). Inflation declines during recessions and increases during evolutions (recoveries).

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Mintzberg proposed that managers utilize written communication more than verbal communication. true /false

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Mintzberg proposed that managers utilize written communication more than verbal communication. False, the given statement is not correct.

Verbal communication is always more often used by managers.

What are types of communication?

A productive workplace requires effective communication. The process of conveying information from one person to another, or to a group of individuals, is known as communication and is frequently characterized as a soft skill or an interpersonal skill. Each manner of communication has a significant impact on the dissemination of knowledge. Verbal, nonverbal, written, and visual communication are the four basic forms we employ on a regular basis.

1. Verbal communication involves speaking or using sign language to convey information. It is one of the most popular varieties and is frequently used in meetings, conferences over the phone, and via video, presentations, and one-on-one interactions.

2. Nonverbal communication is the exchange of information with others through body language, gestures, and facial expressions. When you hear a good or entertaining concept or fact, for instance, you might unconsciously smile. When attempting to comprehend the thoughts and feelings of another, nonverbal communication can be useful.

3. Visual Communication

Using images, artwork, sketches, charts, and graphs to convey information is known as visual communication. During presentations, visuals are frequently utilized as a support to provide the helpful context in addition to written and/or vocal communication. Because everyone learns differently, some people may benefit more from visual communication when it comes to understanding concepts and information.

Thus, there are various types of communication.

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Spreadsheet functions used to calculate the present value of multiple cash flows assume, by default, that all cash flows occur at the _______ of the period.

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The spreadsheet functions used to calculate the present value of multiple cash flows assume that all cash flows occur at the end of the period.

What is a present value?

It refers to the current value of a future sum of money or stream of cash flows given a specified rate of return.

The future cash flows are to be discounted at the discount rate and the higher the discount rate, the lower the present value of the future cash flows.

In conclusion, the spreadsheet functions used to calculate the present value of multiple cash flows assume that all cash flows occur at the end of the period.

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The performance levels of radically new 'high-tech' products usually improve with newer versions. such types of products are known as?

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The performance levels of radically new 'high-tech' products usually improve with newer versions. such types of products are known as Disruptive innovations.

What are current disruptive innovations?

3D printing tops the list of the most revolutionary technologies to emerge in 2022. improved connectivity thanks to 5G. both machine learning and artificial intelligence.

What is a disruptive invention, exactly?

Contrary to "disruptive technology," which refers to the technology itself, "disruptive innovation" refers to the use of technology that upends a system. A prime example of a disruptive invention is Amazon, which debuted as an online bookshop in the middle of the 1990s.

Is Netflix a disruptive innovation?

An established market was disrupted by Netflix using a new business strategy and technology, a prime example of disruptive innovation. It began by providing a DVD rental by mail service and later introduced its online, paid movie streaming service.

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Ebitda is often used by decision makers as a substitute for:________
a. gross profit.
b. operating income.
c. contribution margin.
d. manufacturing margin.

Answers

The correct answer is (c) Contribution margin.

Ebitda is often used by decision makers as a substitute for: Contribution margin.

How Does Contribution Margin Work?

You can present the contribution margin as a gross or per-unit figure. After deducting the variable element of the company's costs, it indicates the additional revenue made for each product or unit sold.

By subtracting the variable cost per unit from the selling price per unit, the contribution margin is calculated. The measure, which is often referred to as dollar contribution per unit, shows how much a specific product contributes to the company's overall profit.

It offers a means of demonstrating the potential profitability of a company's offerings and displays the percentage of sales that goes toward paying the fixed costs of the business. Profit is defined as whatever revenue that remains after covering fixed costs.

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A home builder used $80,000 of materials and $70,000 of labor to build a house that was sold for $160,000. profit equals ______.

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A home builder used $80,000 of materials and $70,000 of labor to build a house that was sold for $160,000. profit equals $10,000

Calculation of Profit:

Raw Materials Used = $80,000Labour Costs Incurred = $70,000

Adding the two i.e Raw Materials and Labour Costs

$150,000

House was Sold for $160,000

Subtracting the Cost from Sales

$160,000 - $150,000= $10,000

Hence, Profit Equals $10,000

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The price consumers are willing to pay for a resource that may be limited depends on ________.

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The price consumers are willing to pay for a resource that may be limited depends on their perceived need for the resource.

What is resource?

When we talk about resources, we're talking about all the items that are available to us that are environmentally friendly, economically viable, and culturally sustainable which help us meet our needs and desires.

Resources are often broadly categorized based on their availability into renewable and non-renewable resources. they will also be divided into real and potential categories depending on their level of development and use, biotic or abiotic origin, widespread or localized distribution, and actual or potential categories counting on their level of development and use.

With time and evolving technology, an object might become a resource. Increased wealth, the graceful operation of a system, or improved wellbeing are only some advantages of resource use.

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The __________ financial model measures the current value of all cash inflows using management's minimum desired rate of return.

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The net present value financial model measures the current value of all cash inflows using management's minimum desired rate of return.

What is net present value?

The difference between the present value of cash inflows and outflows over time, or net present value (NPV), is what we reference as this. A projected investment or project's profitability is examined using NPV in capital budgeting and investment planning. Finding the current worth of a future stream of payments through computations yields NPV.

The net present value (NPV), which takes into account the time value of money, can be used to evaluate the rates of return of various projects or to assess how well a projected rate of return corresponds to the hurdle rate necessary to authorize an investment.

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A key reason that makes npv a superior capital budgeting technique is that it uses _____ instead of ______.
a. profits; cash flows
b. cash flows; profits
c. revenues; costs

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'A key reason that makes up a superior capital budgeting technique is that it uses cash flows instead of profits.

Budgeting is an estimate of income and expenses over a specified future period, used by governments, businesses, and individuals. A budget is basically a financial plan for a defined period (usually one year) and is known to significantly improve the success of financial enterprises.

A business budgeting is a business spending plan based on income and expenses. It helps identify available capital, estimate expenses, and forecast income. A budget helps you plan your business activities and serves as a benchmark for setting financial goals.

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Real estate tower has retail space on the first floor, office space on floors 2-17, and residential units on floors 18-35. real estate tower is?

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Real estate tower has retail space on the first floor, office space on floors 2-17, and residential units on floors 18-35. real estate tower is Mixed use development

     The term "mixed-use" refers to a style of urban development, urban design, urban planning, and/or zoning that combines different uses, such as residential, commercial, cultural, institutional, or entertainment, into one area, where those functions are partially physically and functionally integrated, and that offers pedestrian connections. A single structure, a block or neighborhood, or the entire zoning code of a city or other administrative unit may be subject to mixed-use development. A private developer, a (quasi-) public organization, or a mix of both may accomplish these projects. A mixed-use development could consist of brand-new construction, the repurposing of an old structure or a brownfield, or a combination of these.

 

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______ can be a good form of communication for consumers and brands because of its short message length, ease of posting, receiving, and forwarding messages, and its convenience on a smartphone.

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social media platforms because of its short message length, ease of posting, receiving, and forwarding messages, as well as its convenience on a smartphone can be a good way for brands and customers to communicate.

Social media are interactive technologies that make it easier to create and share content across virtual communities and networks, including information, ideas, interests, and other kinds of expression. The range of standalone and integrated social media services that are currently offered presents obstacles to the definition of social media, yet there are certain shared characteristics. In relation to media, the term "social" implies that platforms are user-centric and encourage social interaction. Social media can therefore be seen as an online facilitator or enhancer of human networks—networks of people that improve social connection.

Typically, users access social media services using web-based desktop applications or by downloading apps for their mobile devices (e.g., smartphones and tablets).

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If nissan invests in a new plant to manufacture a new car model, it is an example of which corporate financial decision?.

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it is an example of Capital Budgeting

A firm uses the capital budgeting process to identify and assess prospective large-scale costs or investments. These costs and investments include initiatives like constructing a new facility or funding a long-term project. The phrase "investment assessment" refers to the process of evaluating a prospective project's lifetime cash inflows and outflows to evaluate whether the expected returns will be sufficient to achieve the desired benchmark. The management of a company uses capital budgeting as a planning process to determine whether making long-term expenditures (such as buying new machinery, replacing outdated non-current assets, launching a new product line, etc.) is practical and profitable.

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When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at every level of production, then the production possibility frontier is:___________

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When the opportunity cost associated with increasing the production of one good or service in terms of another is constant at every level of production, then the production possibility frontier is: Linear.

What is opportunity cost?

Opportunity cost is actually known to be the benefits that are forgone or missed by an investor, business, or individual as a result of choosing one alternative over another.

Opportunity costs can easily be overlooked. The benefits may be forgone in opportunity cost as a result of something.

In business, the production possibility frontier (PPF) is actually known to be a curve that shows the possible quantities that can be manufactured of two products if the both products depend on the same resources for their manufacture.

We see here that the options that complete the question is:

A. Hyperbolic

B. Linear

C. Concave

D. Convex.

The answer is that the production possibility frontier will be linear.

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You own 1/3 of a business and decide to sell 1/5 of your investment .How much will you own after you sell 1/5 of your stake expressed as a fraction,decimal and as a %?

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You own 1/3 of a business and decide to sell 1/5 of your investment .How much will you own after you sell 1/5 of your stake expressed as a fraction,decimal and as a % 2/15%.

What is business?

An innovative company or group that engages in professional activities is referred to as a business. They might be industrial, commercial, or something else. Businesses that are for profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.

Therefore,

You own 1/3 of a business and decide to sell 1/5 of your investment .How much will you own after you sell 1/5 of your stake expressed as a fraction,decimal and as a % 2/15%.

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You own a mobile Taco Truck. You have a short list of competitors. Which TWO would be considered your Indirect Competition? Question 3 options: Walk-up Mexican Food stand A local Burger King franchise A local Taco Bell franchise Mobile Fish and Chips Truck

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You own a mobile Taco Truck. You have a short list of competitors. The TWO that would be considered your Indirect Competition are options A. Walk-up Mexican Food stand and B. Burger King franchise. Hence, options A and B are the answers.

What is an indirect competition?

Indirect competition is the contrats between sellers whose goods or services are not the same but that could satisfy the same consumer need. Indirect competition opposes with direct competition, in which businesses are selling products or services that are essentially the same.

Therefore, the correct answer is as given above

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Answer:

Walk-up Mexican food stand & A local Taco Bell franchise

Explanation:

because it is places that serve the same items, which are direct competitors

burger king and mobile fish and chips truck is indirect cus they dont serve the same thing but still satisfy customers

A firm with a profit margin of 10% generates ______ in net income for every dollar in sales.

Answers

A firm with a profit margin of 10% generates 10cents in net income for every dollar in sales. One of the often used profitability statistics to determine how profitable a business or line of business is profit margin.

Profit Margin

When calculating profit margin, base is the selling price (or revenue) multiplied by 100. While "profit percentage" or "markup" is the percentage of cost price that one receives as profit on top of cost price, it is the proportion of selling price that is converted into profit. Companies compute profit percentage to determine the ratio of profit to cost since it is important to know what percentage of profit one will receive on a specific investment when selling something. Most internal comparisons make use of the profit margin. It is challenging to compare the net profit ratios of several organizations effectively. Because operational and financing arrangements for individual businesses vary so greatly, it is inevitable that different entities will incur varying levels of expenses, making comparisons between them meaningless.

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What are the reasons that explain why international firms would enter foreign markets?

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There are list of  reasons that international firms would enter foreign markets or global market.

Expanding the business internationally offers many benefits.   Businesses that are preparing for the potential international expansion should actively take the time to explore which are the list of benefits they are aiming to achieve. Lower the Competition In Growing Markets. Improve your margins. Going global gives businesses access to the new talent pools and new technology. These may help bring down production or the operational costs, allowing companies to improve their profit margins. Having a unique opportunity. As expending their business they will get into the foreign market and explore many segments of the society. Respond to demand as they will receive more demand of the product they produce. They will have name internationally. These are the reasons why to enter foreign markets.

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Which of the four basic financial statements is best represented by the fundamental accounting equation?.

Answers

Its liabilities plus the dollar value of its shareholders' equity forms the basis for all four financial statements.

Assets = Liabilities ₊ Shareholders' Equity

What is Financial Statement?

Financial statements are documents that describe a company's operations and financial performance. Government organisations, accounting companies, etc. frequently audit financial statements to guarantee accuracy and for tax, financing, or investing purposes. The balance sheet, income statement, statement of cash flow, and statement of changes in equity are the four basic financial statements for for-profit entities. A similar but distinct set of financial statements is used by nonprofit organisations.

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A marketplace offering that fairly and accurately sums up the value that the customer will realize if he or she purchases the product or service is known as a(n) ________.

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A marketplace offering that fairly and accurately sums up the value that the customer will realize if he or she purchases the product or service is known as Value Proposition.

A value proposition alludes to the worth an organization vows to convey to clients if would it be a good idea for them if they decide to purchase their item. It is important for an organization's general showcasing technique.

The incentive gives an announcement of expectation or an explanation that acquaints an organization's image with purchasers by letting them know what the organization depends on, how it works, and why it merits its business.

It also can be introduced as a business or showcasing proclamation that an organization uses, to sum up why a shopper ought to purchase an item or utilize help.

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After taking $45 billion in taxpayer funding to remain afloat, citibank spent $50 million on a new private jet. this action was:__________

Answers

This action was: Unethical since taxpayer money was given solely with the intent to keep CitiBank solvent.

Why is an ethics policy important?

A code of ethics is important because it clearly lays out the rules for behavior and provides the groundwork for a preemptive warning. While a code of ethics is often not required, many firms and organizations choose to adopt one, which helps to identify and characterize a business to stakeholders.

What are the five ethical standards?

The five principles, autonomy, justice, beneficence, nonmaleficence, and fidelity are each absolute truths in and of themselves.

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Colombia can produce coffee much more efficiently than it can produce other items; this gives colombia a(n) _____ advantage.

Answers

Colombia can produce coffee much more efficiently than it can produce other items; this gives Colombia a comparative advantage. Thus, option E is correct.

What is produce?

Produce can be defined as the product that needs to be manufactured or to bring or make something into existence.

The comparative advantage occurs, the product is produced at a price that has a lower opportunity cost than some other product that can be used as a substitute.

Colombia has a market edge because it can manufacture coffee considerably greater effectively, so it can be comparable goods. Therefore, option E is the correct option.

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The question is incomplete, the complete question will be:

a absolute

b competitive

c. marginal

d.domestic

Oe.comparative

A+house+sold+for+$120,000,+which+was+96%+of+the+list+price.+what+did+the+house+list+for?

Answers

House listed for 4%. So, The correct answer is 4% which is 4800

What is house listed?

A contract that certifies a real estate agent's or broker's authority to manage the sale of real property and to be paid a fee or commission for their services. Real estate listings come in a variety of formats. A general or open listing is a right to sell that may be simultaneously granted to multiple agents or brokers. The ability of one real estate agency to be the only party, aside from the owner, who is allowed to sell the property within a specific time period is known as an exclusive agency listing. One agency is given the sole permission to sell the property for a specific amount of time through an exclusive authorization to sell listing.

Listing price

120,000 - 115200 = 4800

4800/120,000 = 0.04

0.04 * 100

= 4 percent

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For a profit-maxmizing monoplostically competitive firm, price exceeds marginal cost in?

Answers

MR equals MC in an equilibrium. Under monopolistic competition, a company eventually makes money. Making a profit indicates that the ATC curve is below the demand curve at equilibrium output (AR curve). The price is established where the quantity produced falls on the demand curve in the long run under monopolistic competition (AR curve).

In monopolistic competition, MR and AR (demand curve) are not the same, in contrast to perfect competition. In monopolistic competition, MR and AR are thus two distinct curves. In addition, the point at which the MR and MC cross at equilibrium is lower than the point at which the quantity produced falls on the demand curve (AR curve), which affects pricing. Price therefore exceeds the MC/MR curve at this level.

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If your tax bill is $200 and your taxable income is $2,000, then your average tax rate is _____ percent.

Answers

The average tax rate is 10

How to calculate the tax rate ?

Tax rate can be described as percentage at which and individual or an organisation is being taxed monthly or annually by the government.

The tax bill is $200

Taxable income is $2,000

Therefore the average tax rate can be calculated as follows

= 2,000/200

= 10

Hence the tax rate is 10

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If the economy is operating at point c, the opportunity cost of producing an additional 15 units of bacon is:________

Answers

If the economy is operating at point c, the opportunity cost of producing an additional 15 units of bacon is 20 units of eggs.

An economy is the area of ​​production, distribution, trade, and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.

A standard definition of economics might describe it as A social science focused on the satisfaction of needs and desires through the allocation of scarce resources with alternative uses. Going further, we can say that economics is the study of scarcity and choice. Economic problems affect our daily lives. These include topics such as taxes and inflation, interest rates and wealth, inequality and emerging markets, energy, and the environment.

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Emmit calhiun is a military vertetran who requires many abscences for medical reasons. his boss at betri farms has demande that he reduce the number of sick days unless he provides his medical history. which law (s) protect emmit

Answers

Answer:

Emmit Calhiun is protected under the HIPAA laws.

Explanation:

The Privacy Rule standards address the use and disclosure of individuals’ health information (known as “protected health information”) by entities subject to the Privacy Rule

___ managers work in a variety of areas, including human resources, operations, and marketing.

Answers

Human resources, operations, and marketing are just a few of the specialties of HR managers.

Talent management, pay and benefits for employees, training and development, compliance, and workplace safety are the five key responsibilities of human resources. By handling the employee lifecycle well, an HR department may contribute to organizational structure and the capacity to satisfy business demands. Managing employee compensation and benefits is one of HR's main responsibilities. Employee satisfaction is maintained at a high level via effective administration of wages, vacation time, and insurance. You will be in charge of allocating, promoting, and enhancing salary and benefits packages as a human resource manager. The human resource manager will oversee the regular duties of the Human Resources (HR) division, including hiring and conducting interviews, handling leave requests, paying employees, and enforcing business regulations and procedures.

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