Scott+stratton+recently+purchased+a+car+for+$22,500.+it+will+depreciate+at+a+rate+of+7%+per+year.+what+will+his+car+be+worth+in+5+years+when+it+is+paid+off?

Answers

Answer 1

The cost of the car after 5 years from then, will be $15652.99.

Given here, the depreciation every year(r) 7% or 0.07per year, asset cost (of the car) is $22,500 and time period (n) is 5 years.

The value after 5 years can be calculated as,

Depreciated value = asset cost ×(1-r) n

= 22500 × (1-0.07) 5

= 15652.99$.

Thus, the car worths 15652.99$ after 5 years.

The worth of an asset after its useful life is expired, as it is diminished over time by depreciation, is its depreciated cost. The asset’s worth is continuously diminished by figuring out how much it will cost to depreciate it, but the depreciated cost technique always permits accounting records to represent an item at its current value.

Depreciation is an accounting technique for spreading out the expense of a tangible item over the course of its useful life.

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Which adjective best describes someone who embodies all of the seven qualities that employers look for?

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Personable is the adjective best describes someone who embodies all of the seven qualities that employers look for.

What is Personable?

A person who is personable is nice and enjoyable to be around. Being personable can refer to a variety of distinct traits, including friendliness, warmth, openness, and generosity.

Understanding other people is a key component of being liked and approachable. People value it when others are considerate of their needs.

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when should a factory stay open even if it is losing money

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Even if a business ceases to exist, it will continue to pay its fixed costs, or the price for the fixed inputs.

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Bob has been investing $3,250 in stock at the end of every year for the past 13 years. if the account is currently worth $83,680, what was his annual return on this investment?

Answers

His annual return on this investment will be 1161, or 11.61%

$64,800 = $2,750{[(1 + r)12 − 1]/r}

∴ r = 1161, or 11.61%

What is Return on Investment?

A performance metric called return on investment (ROI) is used to assess an investment's effectiveness or profitability or to compare the effectiveness of several distinct investments. ROI is to quantitatively assess how much money is earned in relation to the cost of an investment.

ROI is determined by dividing an investment's return (or benefit) by its cost. As a percentage or ratio, the outcome is shown.

Because ROI is expressed as a percentage, it is simple to compare to returns from other investments, allowing one to compare a range of investment kinds against one another.

Thus, return on Investment is the cost of investment.

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Use the P-L-O-C functions of management to list what is to happen in each step of your task, from beginning to the end. Be sure to work efficiently
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Answers

Four crucial functions can be used to summarize management ideas. Planning, organizing, leading, and controlling are these tasks. The P-O-L-C framework offers helpful direction for the optimal managerial position.

What is the importance of planning?

Planning enables us to identify potential barriers to our goal's achievement as well as potential facilitators and to determine what to do about each. Making plans enables us to take responsibility for our actions.

In the early 1900s, Henri Fayol first classified them as five functions. Planning, organizing, leading, and controlling are the four primary management activities that have been consolidated and decreased over time from all of Fayol's individual roles.

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According to the theory of mercantilism, a country has a favorable balance of trade when.

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When a country could increase its wealth and power by obtaining as much gold and silver as possible and then sold more goods than it bought then it has a favorable balance of trade. In other words, whenever a nation's value of their exports is greater than the value of their imports then it has a favorable balance of trade. This is all according to the Theory of Mercantilism.

A system where more products leave the country to be sold than there were commodities going into the country to be bought was the goal of the colonialists' medieval theory of mercantilism, which is a set of state policies for the control of economic activities and trade.

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