The YMCA in mid-town Atlanta has recently upgraded its facilities, including building a new olympic-sized swimming pool and children's playground. All locations of the Atlanta "Y" are open from 6:00 am until 11:00 pm, 360 days a year. The children's playground is accessible for members only, and is a fenced and secured area. During the weekdays, children under the age of 12 can engage in supervised activities at the playground, for no extra fee. Additionally, there are swimming classes for children of all ages, which is also covered by the monthly membership fee. The swimming pool has been very popular with the professionals who stop by for a swimming workout before or after work. Many of the YMCA locations are very busy all year, however, the midtown "Y" is busier during the early morning and early evenings. At a recent meeting, Maya Sinclair, its manager, shared her concerns about getting more people into the "Y" at other times of the day. She asked for ideas from her staff about how to do this. She also said that the city of Atlanta had reduced the "Y"'s funding for the next year by 20%. This would cause a need for the "Y" to either gain additional members or charge more per member for the annual fee.
Refer to scenario 13.1 the children who take swimming lessons must be in attendance at the pool during the time of their appointment. the need for the child to be in attendance in order to receive the lesson is an example of the _________ feature of a service, while the need for them to be there at the time of their appointment, represents the _____ feature

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Answer 1

The "perishability" feature of a service is represented by the requirement that they be there at the time for their appointment, while the "inseparability" feature of a service is illustrated by the requirement that the child be present in order to get the swimming lesson.

Define the term perishability?Perishability is the idea that companies can only store or sell particular goods or services for the a short time. Fresh produce, meats, and dairy products are examples of common perishable foods.

Define the term inseparability?The idea of inseparability suggests that a similar standards of excellence will be enforced to every service, not that the identical service will be provided to every consumer. For contrast, no two hairstyles will ever be the same, but every customer can still be respected to the same degree.

The youngsters who receive swimming classes must be present at the pool when their appointment is scheduled. Thus,

The "inseparability" element of a service is represented by the necessary that the child be there in order to attend the lesson,Whereas the "perishability" feature is illustrated by the requirement that they be present at the moment of their appointment.

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Related Questions

Is a 401 K considered an individual retirement account?.

Answers

No, 401(k) can not be considered as an individual retirement account.

The 401(k) differs from an individual retirement account ((RA) because A 401(k) is created through an individual's employer. Generally, 401(k)s as well as individual retirement accounts include beneficial tax advantages, But where we see a distinction is that the 401(k)s are designed for employers of labor to offer while individual retirement accounts are for Individuals as IRAS give more investment opportunities and 401(k)s gives a higher annual contribution.

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Matt, a manager in New York City, has been transferred by his company to Japan for six months to study their operations as well as to negotiate a supplier contract. Matt is having some problems understanding how to do business in Japan. He wants to get down to business and get things done, but he senses that his Japanese coworkers want to get to know and trust him before focusing on doing business. The problem could be the fact that Matt is from a(n) and believes building personal relationships is a waste of time that diverts attention away from the task at hand Multiple Choice: (A) informal culture (B) high-context culture (C) company that does not encourage communication (D) low-context culture

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Low-context culture, It refers to civilizations where people frequently form numerous connections, albeit ones that are more fleeting or held for a particular purpose. To ensure that newcomers entering these communities know how to behave, it may be necessary to openly state cultural behavior and beliefs.

What is low-context culture?High-context cultures and low-context cultures are at opposite ends of a spectrum that measures how explicit cultural messages are and how significant context is in communication. The continuum depicts how people interact with others using a variety of communication techniques, including verbal, non-verbal, gestures, relationships, body language, and relations. Language groups, nations, or local communities are often referred to as "high-" and "low-" context cultures. However, the idea might also be used in settings including online and offline communication, corporations, professions, and other cultural groups. High-context cultures frequently use subtle nonverbal cues and less overt vocal expressions to communicate, adding additional meaning to these communications.

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Guero brought his proposal to poté before the meeting saying, "i’m sure you have some ideas on this, and we could try to get them incorporated upfront. " which influence tactic is guero using?.

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The influence tactic that Guero is using, when he takes his proposal to Pote before the meeting started and asked for their ideas, is called the Consultation influence tactic.

What are influence tactics?

Influence tactics refer to the various ways that a leader can use to influence the beliefs, and behavior of their employees and subordinates. In other words, influence tactics allow for a leader to be able to change the values and attitudes that their employees hold, ideally for the better of the organization and to make the employees more driven.

There are three main types of influence tactics which include:

inspirational appealconsultation appeal rational appeal

With consultation appeal, the leader seeks input from their employees and then adds this input into what they are doing. This is what Guero did with Pote when he asked for ideas and for incorporating those ideas.

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Short-run production costs Go to lesson page Tuma Unlimited produces noodles in a perfectly competitive market. Its average total costs, marginal costs, and average variable costs have all decreased, but its average fixed costs haven't changed. Which of the following would cause these changes?

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These variations in productivity have no effect on Tuma Unlimited's average fixed cost.

How Does Productivity Work?

Productivity is a measure of economic performance because it contrasts the quantity of products and services produced (out) with quantity of inputs needed to produce those goods and services. Productivity is typically defined as the proportion of input matrix to output volume.

What does productivity look like?

Standard criteria for assessing productivity include production by employee per hour or production per employee. The ability of each person to produce a set quantity or cash value of finished items in a certain amount of time can be used as a production indicator in the manufacturing industry.

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A cash discount allows:A.the seller to secure prompt payment, and the buyer to pay a lower price per unit.B.the seller to secure prompt payment, but has no benefits for the buyer.C.the seller to demand payment in cash on demand (C.O.D.) upon receipt of goods.D.the buyer to pay a lower price per unit, but has no benefits for the seller.E.the buyer to always calculate the discount based on the delivery date.

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A cash discount allows the seller to secure prompt payment, and the buyer to pay a lower price per unit.

A cash cut price is a discount in the quantity of a bill that the vendor lets in the client. This cut price is given in change for the client paying the bill in advance than its regular charge date. In 1982, Congress surpassed the Prompt Payment Act to require Federal corporations to pay their payments on a well-timed basis; to pay hobby consequences while bills are made late, and to take discounts.

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the process of generating varying formats of collateral that serve the needs of your intended audience to help build authority, credibility, and utility between your target audience and your brand.

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A collection of media called marketing collateral is used to inform potential clients and customers about how their problems can be resolved.

What does the term "marketing" mean?

The process of developing, communicating, delivering, and trading offerings that are valuable to customers, clients, partners, and society at large collectively is known as marketing.

What exactly does marketing do?

The task of marketing a business and the goods and services it offers falls on marketers. Marketing professionals often plan and carry out both inbound and outbound promotional programs that increase brand awareness and employ marketing strategies to persuade customers to buy from a business.

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although more expensive than conventional outsourcing since it requires organizing its own facilities and hiring employees in a foreign country, does give a company much more control over the employees and procedures used than with conventional outsourcing.

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captive offshoring does give a company much more control over the employees and procedures used than with conventional outsourcing.

What is outsourcing?When a corporation hires another company to handle a planned or standard task that is or might be handled internally, the process is known as outsourcing. In certain cases, this involves switching personnel and assets from one company to another.Outsourcing includes both international and domestic agreements, and it may also refer to nearshoring (moving a corporate process to a nearby country) or offshoring (moving a company process to a distant country).Business process outsourcing (BPO) is a subset of outsourcing that deals with the transfer of responsibility for a specific business process to a contractor. Companies utilise outsourcing to lower the cost of labour, which includes employees' wages, expenses, equipment, and technology. Accountants and financial experts with high levels of focus work for outsourcing companies.

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When did lobbying become legal in the US?.

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The Federal Regulation of Lobbying Act, which was later included in Title III of the Legislative Reorganization Act of 1946, was enacted by Congress on the advice of the joint committee. The Federal Regulation of Lobbying Act of 1946 is a law passed by the US Congress to limit lobbyist influence. The Act's main objective was to notify Congressmen and Women about people who lobby them.

States often describe lobbying as an effort to sway policy through written or verbal communication. Nevertheless, each state may have its own definitions of lobbying, as well as exceptions to those definitions and exceptions to those exceptions.

Lobbyists are more than just those who work in the lobbying industry. An illustration of a typical exemption is that a politician who seeks support for a measure via the regular course of parliamentary business is not regarded as a lobbyist. The same exception would apply to a constituent calling a policymaker over a personal issue.

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the exchange rate is 1.5 bosnian markas per u.s. dollar. the price of a refrigerator in bosnia is 1,200 markas while in the u.s. it is $1,000. the real exchange rate is

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Dollars are exchanged at a rate of 1.5 Bosnian marks. In Bosnia, a refrigerator costs 1,200 markas, compared to $1,000 in the United States. 5/4 is the true exchange rate.

What is an exchange rate?

A currency's exchange rate, or "exchange rate," in finance refers to the price at which it will be substituted for another currency. Most often, currencies are national ones, but they can also be supra-national ones like the euro or sub-national ones like Hong Kong.

The valuation of one country's currency with respect to another currency is also thought of as the exchange rate. Each nation chooses the regime of exchange rates that will be used for its respective currency. Governments have the authority to set restrictions and limits on currency rates.

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direct labor rate per hour$ 20 non-materials related overhead per hour$ 25.80 materials-related overhead4%of direct materials costtarget profit margin20%

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The materials markup is $460.

What is commercial banking?Business-oriented offerings like deposit accounts, lines of credit, merchant services, payment processing, commercial loans, global trade services, treasury services, and other business-focused options are the main focus of commercial banking.Compared to the typical retail bank, which is built for individual account holders and some small enterprises, commercial banks serve substantially bigger customer bases.The big loans, lines of credit, and deposit account requirements of businesses are catered for by these institutions. Retail banks are frequently just outposts of these bigger organizations.Corporate banking divisions of commercial banks are able to assist both large and small firms, as well as invest in them.Additionally acting as retail banks, they may also work with individual customers.

According to our question-

Labor rate per hour= $20

Rate per hour= $25.80

Materials markup= 23%

Target profit margin= 20%

The material markup for a job that will use 100 labor hours and $2,000 of materials is calculated as follows

Materials markup= Materials × percentage

= $2,000×23/100

= $2,000×0.23

= $460

Hence, The materials markup is $460

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What are the 3 types of lobbying?.

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Answer: direct lobbying, grassroots lobbying, and electoral lobbying.

the maximum number of shares a corporation is allowed to sell in accordance with its corporate charter are called shares. (enter one wo

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Answer:Authorized Shares

Explanation:

As defined by its corporate charter, authorized stock is the total number of shares that a corporation may issue.

Different from outstanding shares are authorized shares. Shares that have been issued to the company's shareholders are a subset of the authorized stock authorized shares. In most cases, portion of the corporation authorized shares is not issued. By getting the consent of the company's shareholders, the authorized share capital may be altered.

The power of the management to issue new shares is restricted by authorized stock authorized stock. The management will have the corporation unlimited authority to issue more shares in the absence of approved stock, which could alter the shareholders' relative control. If the new shares are issued at a price other than the market value, this share issue could also change how profits are distributed.

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denise compares her management policies to those of fitness unlimited, a competitor. fitness unlimited wants to recruit the best employees available. for this reason, it is a wage leader. its management made this to intentionally pay more than average to attract high-quality employees.

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Management made this wage-level decision to intentionally pay more than average to attract high-quality employees.

Management is the coordination and management of obligations to attain a goal. Such management sports consist of setting the agency's approach and coordinating the efforts of staff to accomplish those goals via the software of available resources.

Control consists of the activities of setting the approach of a business enterprise and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives thru the software of available assets, consisting of monetary, natural, technological, and human assets.

At the maximum fundamental degree, management is a subject that consists of a set of five popular functions: making plans, organizing, staffing, main, and controlling.

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match the unethical negotiation tactic in the left column with the correct explanation from the right column.QualityTransparency Responsibilitydecisions follow more logically from available knowledge the reasoning behind a decision is available for scrutiny it discourages decisions based on personal or bureaucratic considerations

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The unethical negotiation tactic with the correct explanation is as follows:

Quality-> decisions follow more logically from available knowledge

Transparency-> the reasoning behind a decision is available for scrutiny

Responsibility-> it discourages decisions based on personal or bureaucratic considerations.

Unethical negotiation tactics are those intended to deceive or harm others with no overarching individual or societal benefit that outweighs the harm of deception.

A tactic may be ethically ambiguous rather than purely unethical. That is, depending on an individual's ethical reasoning and circumstances, the tactic may or may not be inappropriate.

For example, an action could be illegal, but the individual does not consider it unethical. In contrast, an action may be legal but unethical.

Unethical behavior can influence or cause a negotiator to change her: positions, interests, priorities and preferences, BATNAs, reservation prices, or key facts.

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You post a notice at school that you will sell your laptop computer for $600. A buyer comes by your room to look at it while you are gone and your roommate sells it for $500, thinking you would be happy with that price, which you did not authorize.
a. you must accept the deal because your roommate had implied authority
b. you must accept the deal because people living together have power of attorney c. you can accept the deal by express or implied ratification
d. you can accept the deal by express ratification only, not implied ratification e. the deal cannot be valid because there was no consent

Answers

Thinking you would be happy with that price, you can accept the deal by express or implied ratification  you did not authorize.

What is price?The price refers to the rate of something that is bought, sold. Amount offered for the capture of a living or dead person: The authorities put a bounty on his head.A price is the amount of payment or compensation (usually non-negative) that one party gives to another party in exchange for goods or services. In some cases, the production price is given another name. Product price s the process of translating the value of a  product  into quantitative terms. Pricing  is usually done before the initial launch, but companies can change their selling price at any time for a variety of reasons.

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a company sells two sizes of microwave ovens: the small size and the large size. the demand functions for the microwave ovens are given by ps

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The answer is x = 50, y = 30.

Solution:

R(x, y) = ps. + p/y

= x = (150 - 0.5x - 0.2y) + y(250 -0.1x - 0.5y)

= R(x, y) = 150x - 0.5x² - 0.2xy + 250 y - 0.1xy - 0.5y²

= 150x + 250y - 0.5x² - 0.3xy.

A microwave oven is a very versatile kitchen appliance that offers a whole range of uses. Microwave ovens can be used to reheat and cook food and disinfect kitchen items make citrus fruits juicier heat beauty products roast garlic and de-crystallizing honey.

The principle of microwave cooking is the conversion of electromagnetic energy into thermal energy within the meat. During cooking microwave energy is absorbed by the rotation of water molecules and translation of ionic components in meat the water content and the dissolved ion content are therefore important factors.

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which statement best reflects the improvements in agriculture as depicted in this image? a-fewer laborers were needed to work in the fields, making it possible for more people to work in the trades. b-women participated more in farm work as the new harness and three field system made the work less backbreaking c-food supplies became more reliable year-round, while crop yields increased overall d- with reconfiguring fields and a new way to harness draft animals, it was finally possible to use animal power to work the land

Answers

The simplest way to summarize the advancements in agriculture as seen in this figure is that food supply were more dependable throughout the year and crop yields generally rose.

The agriculture industry has changed significantly over the last 50 years. Because of technologies, farm machinery has been bigger, faster, and more productive, enabling the more efficient cultivation of vast areas. Fertilizers, irrigation, and seed have all significantly improved harvests for farmers. The current revolution in agriculture is being fueled by connectivity and data, and it is still in its early phases. Emerging technologies like artificial intelligence, analytics, networked sensors, and others could increase yields even further, improve the efficiency of water and other inputs, and promote resilience and sustainability in cattle rearing as well as agricultural output. Studies indicate that if connectivity is properly implemented in the agricultural sector, it may increase the world gross domestic product by $500 billion by the year 2030.

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when carrying costs are expressed as a percentage of price, what happens to carrying costs as the quantity discount increases?

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Carrying prices area unit forever expressed as a proportion of the whole worth of inventory. Carrying prices area unit forever expressed as a proportion of the whole worth of inventory.

They are adequate; the inventory holding is divided by the whole worth of inventory, then increased by one hundred. Inventory opportunity cost is the total of all expenses associated with storing unsold products. The whole includes intangibles like depreciation and lost cost also as repositing prices. A business' inventory carrying prices can usually total 2 hundredths to half-hour of its total inventory worth.

The inventory cost includes the value of purchased merchandise, fewer discounts on units taken, and any duties and transportation prices paid by the client.

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for a firm to successfully use a concentration or multisegment approach to market segmentation, all of the following requirements must be met except

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Successful market segmentation depends on 4 basic criteria: (1) a market phase must be considerable and have adequate manageable customers to be viable

; (2) a market phase need to be identifiable and measurable; (3) individuals of a market segment should be reachable to marketing efforts

What are the four standards wished for segmentation?

There are 4 key sorts of market segmentation that you be conscious of, which consist of demographic, geographic, psychographic, and behavioral segmentations. It's vital to understand what these 4 segmentations are if you favor your organization to garner lasting success.

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If a u. S. Company buys an electrical generator made in japan by a japanese firm, and the japanese firm uses the payment to buy stocks issued by a u. S. Company then.

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If a U. S. Company buys an electrical generator made in japan by a japanese firm, and the japanese firm uses the payment to buy stocks issued by a u. S. Company then Imports to the United States rise but not exports.

Sales of goods manufactured outside of our country's borders. Had been using sales. Illegal goods as well as services sales.

The collective value including all final goods and services at current market prices is referred to as nominal GDP, meanwhile the aggregate worth of all finished goods as well as services at constant prices was referred to as real GDP.

The given question is incomplete, the complete question is:

If a u. S. Company buys an electrical generator made in japan by a japanese firm, and the japanese firm uses the payment to buy stocks issued by a u. S. Company then_______.

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If the public decides to hold more currency and fewer deposits in banks, bank reserves.

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If the public decides to hold more currency and fewer deposits in banks, bank reserves. Decrease, and the money supply eventually decreases.

What do you mean by the bank reserves?

The minimal amount of cash that financial institutions must keep on hand in order to comply with central bank standards is known as bank reserves.

The bank must store this actual paper money in a vault on the property or in an account with the national bank.

Bank reserves might be sent to a larger bank or a local Federal Reserve bank facility, or they might be stored at a local bank's vault.

Therefore, if the public decides to hold more currency and fewer deposits in banks, bank reserves. Decrease, and the money supply eventually decreases.

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Theresa, a cash basis taxpayer, purchased a bond on July 1, 2011, for $10,000, plus $400 of accrued interest. The bond paid $800 of interest each December 31. On March 31, 2015, she sold the bond for $9,800, which included $200 of accrued interest.
a. Theresa has $200 interest income and a $400 loss from the bond in 2015.
b. Theresa has $200 interest income and a $200 gain from the bond in 2015.
c. Theresa has a $100 loss from the sale of the bond and no interest income.
d. Theresa's loss on the sale of the bond is $600.
e. None of these.

Answers

The cost of the bond was $10,000 and the proceeds from the sale were $9,600 ($9,800 - $200 accrued interest). Therefore, Theresa had a $400 ($9,600 - $10,000) loss from the sale, and $200 of interest income.

What is income?Income is the consumption and savings opportunity that a business captures within a specific time frame, usually expressed in money. Income is difficult to define conceptually and definitions vary by region.Income is money received by an individual or business  in exchange for providing work, producing goods or services, or investing capital. While individuals usually earn their income through wages or salaries, businesses generate income from the sale of goods or services that exceed their production costs.Business income may include income  from the sale of products or services.For example, the fees a person receives from normal professional practice are income from business operations.The rent received by a person who runs a  real estate business is business income.

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which one of the following statements most accurately describes the state of banking in the united states? a) a large number of large ban and e smallnumber of small banks; b) a large number of large and small banks; c) a small number of ferge and small banks; d) a large number of amell banks and e small number of large bank

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the state of banking in the united states is A large number of small banks and a small number of large banks.

A financial institution with exclusive authority over the creation and distribution of money and credit for a country or a group of countries is known as the central bank. In contemporary economies, the central bank is typically in charge of monetary policy formulation and member bank regulation.

Inherently non-market-based or even anti-competitive institutions are central banks. Many central banks, despite the fact that some have been nationalized, are not part of the government and are therefore frequently hailed as being politically independent. However, even though a central bank isn't technically the government's property, its rights are still created and safeguarded by the law.

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Events that occur between the first and second measurement period but are not part of the manipulation are called _____ effects.

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Events that occur between the first and second measurement period but are not part of the manipulation are history effects.

the impact of outside circumstances or events on an important outcome variable. In order to rule out any confounds to a hypothesized or apparent relationship between two variables, quasi-experimental research frequently makes an effort to take history effects into account. An illustration would be the occurrence of a real earthquake when a field study was being conducted to examine the impact of training in earthquake preparedness; this would probably boost news coverage of earthquakes, leading to more information being shared outside of the training program.

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for each of the following transactions, what is the initial effect (increase or decrease) on m2? you sell a few shares of stock and put the proceeds into your savings account. you sell a few shares of stock and put the proceeds into your checking account. you transfer money from your savings account to your checking account. you discover $0.25 under the floor mat in your car and deposit it in your checking account. you discover $0.25 under the floor mat in your car and deposit it in your savings account. place each transaction according to its effect on m2.

Answers

The initial effect for the transactions are-

M1 increases: Sell stock

M1 decreases: Estimate $0.25,

M1 unchanged: Sell stock,

Define the term checking account?The checking account is a sort of bank account that enables simple deposits and withdrawals of cash for everyday use. For instance, you may use your debit card to withdraw cash, deposit a paycheck you receive, or set up direct deposit to get your paychecks.Writing checks is a common banking service that gave rise to the name checking account. It is known as a current account in the UK and other nations. With a bank or another financial organization like a credit union, a person can establish a current account.

M1 increases:

Sell the stock and then go check.From savings to checking, transfer.

M1 decreases:

Put $0.25 in your savings by finding it.

M1 unchanged:

Selling stocks and saving the money.Deposit $0.25 into your checking account.

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tara sells her organic carrots in a perfectly competitive market for a price that is just higher than her minimum average variable cost of production, but lower than her minimum average total cost of production. which of the following statements is then true?

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Tara sells her organic carrots in a perfectly competitive market for a price that is just higher than her minimum average variable cost of production, but lower than her minimum average total cost of production. She is incurring a loss, because price is less than ATC.

What is market ?A market refers to as the aggregate of all  buyers and sellers in the region or regions under consideration.A region can be a globe, country, region, state, or city. The value, cost, and price of traded items  are governed by the forces of supply and demand in the market. A market place is a means by which the exchange of goods and services takes place, either by contacting buyers and sellers  directly or through intermediaries or institutions. Markets matter. Markets are the ways through which a company shares  are bought and sold, providing companies with access to cash.Markets are very crucial in pricing, liquidity transformation, and enabling businesses to meet customer needs.

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why is taxation of individuals less important in government revenues of latin american countries compared to other countries in the world?

Answers

The architecture of the tax systems in these nations has been relatively little influenced by economic theory, particularly the research on optimal taxation.

What is taxation?

In practically every nation on the planet, governments impose taxes as mandatory levies on people or things. Taxation is primarily used to generate money for government spending, though it can also be used for other things. A tax is a mandatory financial charge or other sort of levy that is placed on a taxpayer by a governmental entity in order to pay for public services and other expenses. Taxes are essential because governments use the money they raise from them to fund social programmes. Government investments in the healthcare industry would not be possible without taxes. Health services including social healthcare, medical research, social security, etc. are paid for by taxes.

Hence, The architecture of the tax systems in these nations has been relatively little influenced by economic theory, particularly the research on optimal taxation.

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consider the following information and then calculate the required rate of return for the universal investment fund, which holds 4 stocks. the market's required rate of return is 13.25%, the risk-free rate is 7.00%, and the fund's assets are as follows: beta a 150000

Answers

As per the concept of CAPM,  the required rate of return for the universal investment fund, which holds 4 stocks is $19,875.07

CAPM:

In economics, CAPM or the capital asset pricing model gives us the required return on the basis of the risk factors and it is given as the risk free rate plus the total of the market risk premium multiplied by the beta.

Given,

Here we have the market's required rate of return is 13.25%, the risk-free rate is 7.00%.

Now, we need to find the required rate of return for the universal investment fund, which holds 4 stocks.

Based on the CAPM, the required return of the portfolio is calculated as,

=>  Risk free rate + (Market Risk Premium x Portfolio Beta)

Apply the value of the formula, then we get,

=> 7.00% + (150000 x 13.25%)

=> 0.07 + (150000 x 0.1325)

=> 19875.07

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What is a good sentence for customer?.

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A good sentence for customer: "I appreciate your loyalty as a customer and look forward to continuing to serve you in the future."

What is customer?
An individual as well as business that purchases goods or services from another company is known as a customer. Customers are crucial to businesses because they generate revenue; without them, they would cease to exist. All businesses compete with one another to draw clients, whether through aggressive product promotion, price reductions to increase clientele, or the creation of distinctive goods and experiences that clients adore. Companies frequently abide by the proverb "the customer has always been right" because satisfied customers are more likely to give those businesses their repeat business. As a result, many businesses closely monitor one‘s customer relationships in order to get feedback on how to improve their product lines. Customers can be divided into a variety of groups. Customers are typically divided into internal and external categories.

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You invested $100 at 8. 2% which is compounded annually for 7 years. How much will your $100. Be worth in 7 years?.

Answers

The amount after compounding and including interest will be $173.6

In the question, it is stated that a principal amount of $100 was invested. This was invested such that it gains interest with a rate of 8.2% and the amount is compounded annually. We have to calculate the amount after 7 years of investment.

We know the formula for calculating Compound Interest is:

[tex]A = P(1+\frac{r}{n})^{nt}[/tex], where A is the amount, P is the Principal amount, r is the rate of interest, n is the number of interest applied to the principal in a year, and t is the time period of investment.

It is given that, P = 100, r = 8.2%, n = 1, t = 7.

Calculating,

=> [tex]A = 100(1+\frac{0.082}{1})^{7*1}[/tex]

=> [tex]A = 100(1.082)^{7}[/tex]

=> [tex]A = 100(1.736)[/tex]

=> [tex]A = 173.6[/tex]

Hence, the compounded amount will be $173.6

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