kasey deposits money in an account that earns 5% simple interest. he earned 546$ in interest 2 years later. how much did he deposit

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Answer 1

Kasey makes a deposit into a savings account with 5% basic interest. Two years later, he received $546 in interest. This amount, $5460.00, was deposited.

Simple interest: What is it?

Simple interest rates are calculated based on a loan's principal or the initial deposit into a savings account. Because simple interest doesn't compound, a creditor will only pay interest on the principal sum, and a borrower will never have to pay interest on the interest that has already accrued.

Let x represent the opening down payment (principle amount).

Due to the fact that this occurs over a two-year period, the total interest earned is: 5/100*2=1/10. (You can not do this with compound interest)

Therefore, 1/10*x=$546.

10 times both sides equals $5460.

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Related Questions

ups measures routes for each of its​ drivers, including the number of miles​ driven, deliveries, and pickups. which step in the control process does this​ represent?

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UPS measures routes for each of its​ drivers, including the number of miles​ driven, deliveries, and pickups represents step 1 or monitoring step in the control process.

UPS tracks each driver's mileage, deliveries, and pickups in order to assess how well they are performing. This is an aspect of the control process, which entails setting standards in the Planning stage and then assessing performance in the monitoring step in relation to these criteria.

By carefully examining driver behavior, UPS has streamlined their delivery routes. They keep track of the deliveries that take the longest, the easiest places to get around, and the drivers that are most productive.

Knowing these numbers enables them to come up with alternate plans for expediting package delivery and making their drivers' tasks easier. By providing its drivers with tracking devices, vehicle sensors, and route optimization software, they are able to accomplish all of this.

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lighting co. is planning to fund a project by issuing 15-year zero coupon bonds with a face value of $1,000. assuming semiannual compounding of interest, what will be the price of these bonds if the appropriate discount rate is 10 percent?

Answers

$1001.161 will be the price of these bonds if the appropriate discount rate is 10 percent.

What does the term interest mean?

The costs associated with borrowing cash and paying somebody to lend you money are referred to as interest. Interest is frequently calculated as such a monthly percentage of the amount borrowed. The interest on the loan is represented by such a percentage.

Briefing:

Discount rate (r) = 10%

Semi-annual compounding

Face value = $1000

Period (t) = 15 years

Price of zero-coupon bond (P) :

Face value / ( 1 + r)^t

r = 10%, compounded semianually

r = (10 / 100) = 0.1 / 2 = 0.05

Period (t) = 15 * 2 = 30

P = 1000 / (1 + 0.05)^30

P = 1000 / 1.005^30

P = 1000 / 1.1614

P = 1001.1614

P = $1001.161 ( 3 decimal places)

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raymond co. has $3.9 million of debt, $2 million of preferred stock, and $1.2 million of common equity. what would be its weight on common equity?

Answers

The common equity weight is 0.20.

What does the term "equity" signify in business?

The amount of money that would be distributed to shareholders if the company liquidated its assets and paid off its liabilities is referred to as equity. Accounts receivable, currency, real land, and patents are examples of assets, whereas liabilities are any debts owed to other institutions or persons.

The weight on common equity is calculated as follows:

But first, we need to establish the overall firm's worth.

= Debt + Preferred stock + Common Equity  

= $3.9 million + $2 million + $1.2 million

= $6.02 million

The weight on common stock is now

Weight of common Equity = Common Equity ÷Total Shareholders Fund

= $1.2 million ÷ $6.02 million    

= 0.20

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how is your purchase of a $40,000 bmw automobile that was produced entirely in germany recorded in the us gdp accounts

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$40,000 bmw automobile that was produced entirely in germany recorded in the us gdp accounts by  consumption increases by 40,000 and net exports decrease by 40,000

What is gdp ?The phrase "gross domestic product" is used to estimate the market value of all final products and services produced and sold (not resold) by nations within a specific time period in dollars (GDP). Due to the measurement's complexity and subjectivity, it must be repeatedly adjusted before it can be considered a reliable indicator. In contrast to nominal GDP, which is better for comparing national economies on the international market, utilising GDP per capita at purchasing power parity (PPP) may be more beneficial for comparing living standards between nations. However, differences in the cost of living and inflation rates of the nations are not reflected in GDP (nominal) per capita. It's also possible to calculate how much each sector or industry contributes to overall GDP.

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why is it common for it departments to have closets that they do not share with other groups inside the same company

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Having a separate storage space for these items can help to ensure that they are properly maintained and organized, and that they are only accessed by authorized personnel.

Why IT departments have separate storage space?It is common for IT departments to have their own designated storage spaces or closets because they often have a lot of equipment and supplies that need to be stored securely and organized in a way that is easily accessible to IT personnel. This can include items such as servers, routers, switches, cables, and other hardware as well as software licenses, documentation, and other materials.This can be especially important in larger organizations where there may be multiple IT teams working on different projects and using different equipment.Additionally, IT equipment can be sensitive and may require special handling and maintenance, so it may be more efficient for IT personnel to have their own dedicated space where they can manage and care for these items.

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after handling the accounts for a large restaurant for many years, it is discovered that quinn has slowly embezzled $300,000 into her own account. quinn says that she is a decent person but that she had fallen into difficult circumstances and was on the verge of losing her home. she had access to the restaurant's cash, which she used to make up the shortfall in her own account. what criminal theory does quinn's behavior fall under?

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She was able to access the restaurant's cash because to differential opportunity theory, and she utilized it to replenish her own account. What kind of criminal theory would Quinn's conduct fit into?

What is the theory of differential identification?

the differential principle. According to identification theory, someone engages in criminal action to the level that they strongly identify with those whose perspective that behavior appears to be acceptable. -

What is the thesis of differential opportunity theory?

According to the differential opportunity theory, everyone has an equal chance of committing crimes, suggesting that a person's characteristics determine whether or not they turn into criminals.

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peter and olga live near a lake with open fishing, and both have fishing boats there. they are the only two providers of fish to their local fish market. what is likely to happen if the local fish market maintains a nash equilibrium?

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Peter and Olga will be motivated to fish as much as they can because there is a lake that is a common resource. As a result, fishing as much as possible is the most effective strategy for both.

This is problematic because the fishing stock will rapidly diminish and may eventually vanish. As a result, the supply of fish will decrease as a result of overfishing because private equilibrium fishing is much higher than socially optimal fishing.

How does the Nash equilibrium work?

In game theory, the decision-making theorem known as the Nash equilibrium states that a player can achieve the desired outcome by sticking to their initial strategy. When taking into account the choices made by other players, each player's strategy is optimal in the Nash equilibrium.

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True or false: Over 70% of business employees trust their senior management and believe that their company leaders act with honesty and integrity

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Over 70% of business employees trust their senior management and believe that their company leaders act with honesty and integrity---False

What  are business leaders?

A business her leader is someone who motivates a group of people to achieve a common goal within an enterprise. This could be someone in a position of power, such as the vice president or CEO of a large company, or the editor-in-chief of a newspaper.

What do company executives do?

Leaders ensure that the company is aligned with its vision and mission and that employees emulate the company's values. They do this by leading by example. Managers must have strategic, decision-making, and interpersonal skills.

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what are the sources of return on an investment? what are the differences among the expected return, the required return, and the realized return?

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The money gained or lost on an investment over time is referred to as a return, often known as a financial return.

The nominal change in the dollar value of an investment over time can be used to express a return. Realized return is a return that was attained in the past, whereas expected return is a return that is predicted to occur in the future. Certain the asset's risk, a necessary return is the bare minimum projected return that an investor needs to invest in it over a given time frame. The anticipated profit or loss on an investment with known historical return rates is known as the expected return (RoR).

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Why would it be helpful for you to study ethics in short periods of time rather than long periods
of time?

Answers

Answer: Ethics and Human Interface: Essence, determinants and consequences of Ethics in human actions; dimensions of ethics; ethics in private and public relationships.

Explanation:

question 4.2: introduction of new products causes the cpi to overstate the true, realized inflation rate because:

Answers

Because of new product bias, the cpi overstates the real inflation rate when new products are introduced.

What is inflation?

⇒ The term "inflation" describes Associate in Nursing economy's overall rise within the price of products and services. Inflation is characterised by a discount within the buying power of cash since every unit of currency could also be accustomed obtain fewer product and services because the general index rises. Inflation is that the opposite of deflation, that may be a consistent decline within the level of costs for product and services. the foremost common live of inflation is that the rate, that is that the yearly proportion amendment in an exceedingly general indicant. the buyer indicant (CPI) is usually used for this purpose as a result of worth will increase aren't uniform across the board. within the u. s., wages also are calculated victimisation the utilization price index.

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What total amount of money would you have if you invested $5,000 at 2% interest for 3 years and the interest was calculated using the simple interest method? Use the simple interest example above as a guide to calculate simple interest, please show your work.

Answers

Answer:7,445.50

Explanation:

Answer:

simple Interest: $5,300.00

Annually Compounded Interest: 5,306.04

Explanation: Compound Interest means that you earn "interest on your interest", while Simple Interest means that you don't - your interest payments stay constant, at a fixed percentage of the original principal.

in order to avoid illegal discrimination charges in relation to selection strategies, managers must prove that the job requirements they outline are:

Answers

Managers must demonstrate that the conditions they list for open positions are connected to those positions in order to avoid accusations of illegal discrimination with respect to selection procedures.

What is discrimination?

Discrimination is the practice of treating someone unfairly based on the groups, classes, or other categories to which they nominally or tacitly belong. A person could be treated unfairly because of their race, gender, age, religion, sexual orientation, or any other attribute. Discrimination is especially recognized when individuals or groups are unfairly treated worse than others due to their actual or perceived membership in specific groups or social categories. It involves keeping members of one group from taking advantage of opportunities or receiving benefits that belong to another group.

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courts will consider course of performance in construing a contract only after considering which of the following? a. course of dealing b. express terms in the contract c. usage of trade d. confirmation between merchants

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Courts will consider course of performance in construing a contract only after considering course of dealing.

What is the difference between course of performance and Course of dealing?The term "course of dealing," as used in paragraph (b), is literally limited to a series of actions taken by the parties prior to the agreement. However, a "course of performance" is a series of actions taken after or in accordance with the agreement. The term "course of dealing" may be included in the agreement through express language or implied acknowledgement.In the event that such a construction is erroneous, the following rules apply: (1) express terms take precedence over course of performance, course of dealing, and usage of trade; (2) course of performance takes precedence over course of dealing and usage of trade; and (3) course of dealing takes precedence over usage of trade.

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True or false: It is always profitable for a company to expand internationally when it has the means to do so.
True
False

Answers

It is always profitable for a company to expand internationally when it has the means to do so. ---   False

What is global expansion?

Global expansion is the process by which a company expands its business from one market of his (often called the home market) to a foreign market (often called the target market).

What strategies do you have to grow your business?

One of the best strategies for growing your business is starting a franchise. This is the process of starting a business in different locations and willingly putting money and energy into it.

Which method should be used for international deployment?

Exporting is the standard international deployment method. This includes marketing and direct sales of domestically manufactured products to foreign markets. Exporting is one of the most established and traditional methods of international expansion. It is not necessary to have a production facility in the target country.

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What term is used to describe the business model where service providers to make computing resources and infrastructure management available to customers as needed and then charges them for its specific usage rather than a flat rate?.

Answers

Answer: Utility computing

Explanation: Utility computing- is defined as a service provisioning model that offers computing resources to clients as and when they require them on an on-demand basis. The charges are exactly as per the consumption of the services provided, rather than a fixed charge or a flat rate.

Mrs. Jansen is the sole shareholder of mimeo corporation. She also owns the office building that serves as corporate headquarters. Last year, mimeo paid $200,000 annual rent to mrs. Jansen for use of the building. Mimeo's marginal tax rate was 21% and mrs. Jansen's marginal tax rate on ordinary income was 37%. The revenue agent who audited mimeo's return concluded that the fair rental value of the office building was $150,000. Compute the net impact of this audit conclusion on mimeo's income tax liability

Answers

The net impact of the given audit conclusion on mimeo's income tax liability is $10,500 increase.

What does tax liability mean?

The amount owed to the Internal Revenue Service (IRS) at the end of each tax year is referred to as "tax liability." A person, business, or other entity's tax liability is the total amount of taxes that they owe to the government.

Tax liabilities include things like income taxes, sales taxes, and capital gains taxes. Federal, state, and local governments are just a few of the taxing entities that impose taxes. What you owe in taxes to the IRS or your state government is known as your tax liability. Depending on your income and filing status, you may have to pay income taxes.

Given:

Taxable income increases by $50,000,

increasing tax liability is

= ($50,000 × 21%) = $10,500

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companies have a right to prevent employees in technical fields from quitting and working for another company. group of answer choices true or false

Answers

It's True that companies have a right to prevent employees in technical fields from quitting and working for another company.

Which of the following best justifies the legal protection of trade secrets?

Which justification for the legal protection of trade secrets is strongest? There is a history of American businesses buying off foreign leaders to gain business advantages. The Foreign Corrupt Practices Act (FCPA) of 1977 made such actions unlawful.

What are the two criteria that must be met for information to qualify as a trade secret?

Due to its secrecy, the information must have economic value. Most often, commercial information is protected by trade secret law; but, the confidentiality of that information must serve some purpose. actions taken by the rights owner to keep their privacy private.

What statute protects a trade secret?

Keeping trade secrets safe

The Economic Espionage Act was updated by the Defend Trade Secrets Act of 2016 (DTSA), which created a private civil right of action for the theft of a trade secret.

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You are putting together your first post-graduation budget. Your take-home pay will be $2,500 per month. You estimate your monthly costs to be rent of $900, car related expenses to be $550, entertainment of $200, food expense of $250, cable bill of $75, mobile phone of $100, student loan payment of $400 and other expense of $150. How would you describe your budget after analyzing all of your income and expenses?
A. You have a surplus of $125.
B. You have a deficit of $125.
C. You have a deficit of $2,625.
D. You have a surplus of $2,500.

Answers

The correct answer is A. You have a surplus of $125.

What is income?

Income is the money which is earned by individuals or companies through wages, salaries, investments, and other sources. It is the total of all the money earned over a given period of time and is often used to measure an individual or company's financial success. Income is important to individuals and businesses as it is used to pay for living expenses, taxes, and other financial obligations. Income also serves as a measure of economic growth, as it is a key indicator of consumer spending and investment.

This is because the total of your income ($2,500) is greater than the total of your expenses ($2,375). The difference between them is $125 which is your surplus.

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One restaurant you know of offers a "cash discount" and another charges a "credit card fee." even though you end up paying the same amount for your meals at both restaurants, you feel like the cash discount is a good deal and that the credit card fee is unjust. this is due to which decision making bias?

Answers

This is due to which decision-making bias is Framing Effects.

Decision-making is the process of making decisions by identifying decisions, gathering information, and evaluating alternative solutions. A step-by-step decision-making process helps you make more conscious and thoughtful decisions by organizing relevant information and defining alternatives.

By making good decisions, managers can show their employees that they value their work and have their best interests at heart. When managers take the time to evaluate, analyze, and explain their decisions, they also demonstrate prudence and reliability. Good decision-makers choose actions that result in the best outcomes for themselves and others. Enter the decision-making process with an open mind and do not allow your biases to influence you.

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which of the following are correct statements about the internal rate of return (irr)? (check all that apply.) multiple select question. irr uses accrual income as the measurement basis. irr uses the time value of money. the higher the irr, the better. irr is expressed in dollars.

Answers

The best answer is to have a larger IRR since it represents the time worth of money.

What is the statistical rate?

Last but not least, a rate is an more broad measurement that involves dividing two values, neither of which must be the same units of measurement. It is capable of being equal to any integer, including a negative one. It can be stated as either a figure or a percentage, much like proportions.

What's the rate response?

A standard for measuring a call center's success is the answer rate. In a business setting, it is defined as ratio of inquiries answered to calls received.

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The complete question is-

Which of the following are correct statements about the internal rate of return? (Check all that apply.)

Multiple select questions.

(A) The higher the IRR, the better.

(B) IRR reflects the time value of money.

(C) IRR uses accrual income as the measurement basis.

(D) If a project has a positive NPV, then the IRR is less than the hurdle rate.

(E) IRR is expressed in dollars.

How important is this Foreign employment promotion board?​

Answers

Answer:

Explanation:

Foreign employment promotion board provides welfare-related activities to migrants and their families; skill development, orientation, returnee and integration, and compensation for injuries and deaths of migrants at their working place.

It aims to ensure effective protection of the rights of vulnerable migrant workers, enhance the development impact of labor migration, and reduce unregulated migration. It has a migrant-centered approach and will provide support to at least 20,000 migrant workers.

Acquiring new customers is inexpensive.
True
False

Answers

False.

One of the core challenges for a small business is customer acquisition. You need new customers to stay in business and keep growing, but it can take resources and be expensive. In just the last five years, the cost to acquire customers has gone up 50%.

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what caused the growth of regulatory agencies around the transition from the nineteenth to the twentieth century?

Answers

Due to the excesses of the millionaires of the Gilded Age, many Americans demanded that the government control business and industry. As a result, a number of independent regulatory commissions emerged around the start of the 20th century.

When were regulatory agencies created?

The Department of the Interior was founded in 1849, the Department of Justice followed in 1870, and the Post Office Department was established in 1872 as a result of the country's growth and the increase of governmental responsibilities.

In response to complaints of the misuse of authority under the spoils system from the public, agencies started to create official operational standards and publish norms. For instance, the Patent Office started publishing its customs judgements in 1869 after the Treasury Department did so in 1868.

Independent regulatory commissions were first established between 1865 and 1900. These organizations were established by Congress to set prices and regulate industrial competition. The Interstate Commerce Commission was the first of these "economic regulatory authorities."

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A loan offered by a bank for college is known as

a PLUS loan
a private loan
a subsidized loan
an unsubsidized loan

Answers

Answer: B

Explanation: private student loans, which are provided by banks and other financial institutions, to help you pay for college.

a buyer makes an earnest money deposit of $1,500 on a $150,000 property and then withdraws her offer before the seller can accept it. the broker is responsible for disposing of the earnest money by:

Answers

A client makes an earnest deposit of $1,500 on a $15,000 property, so she withdraws her provide before the vendor settles for it. The broker is chargeable for doing away with the earnest by returning it to the client.

An assignment of contract involves transferring a true estate contract from an inventive party (also called the $64000 estate distributer or assignor) to a brand new party (also called the assignee).

The assignment could be a legal term whereby a private, the “assignor,” transfers rights, property, or alternative edges to a different called the “assignee.” this idea is employed in each contract and property law. The term will see either the act of transfer or the rights/property/benefits being transferred.

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andrade corp. has debt of $2,834,950, total assets of $5,178,235, sales of $8,234,121, and net income of $812,355. what is the firm's return on equity? round your final answer to one decimal place

Answers

The firm's return on equity which is Net income ÷ Total equity of andrade corp is 34.7%.

What is return on equity?The ratio of a company's net income to the equity of its shareholders is known as return on equity (ROE). A company's profitability and the effectiveness of its revenue generation are measured by its return on equity (ROE). A corporation is better at turning its equity funding into profits the higher the ROE.Net Profit Margin x Asset Turnover x Equity Multiplier equals ROE. Sales x Assets x Equity x Sales x Earnings before taxes = ROE (1 - Tax Rate).The RoE reveals how much money the company makes for every rupee it has in equity. For instance, a company with a RoE of 10% would make a profit of Rs. 10 for every Rs. 100 it had in equity. RoE is a gauge of a company's profitability. It also depends on how much debt or overall leverage a company has.

Given data :

Total equity = Total assets - Total liabilities = $5,178,235 − $2,834,950 = $2,343,285

Return on equity = Net income ÷ Total equity = ($812,355 ÷ $2,343,285 ) = 34.67%

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it is erroneous to make direct comparisons between the calculated betas. because independent variables are often measured with different units. true false

Answers

The assigned statement is accurate based on the question. Independent variables are frequently measured in a variety of units.

What does the calculation mean?

When you define someone as determining, you are disapproving of their deliberate plan to just get what they desire often by injuring or harming others. Mental arithmetic is the practice of performing mathematical calculations in one's head without the aid of a computer or writing them down.

What are the various types of calculations?

Calculation Types

The process is straightforward: a single solvent or a combination of solutes is allowed to equilibrate to a specific relative humidity and temperature.Comprehensive: this is comparable to the "simple" case previous section, but the user has more facilities and options.

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According to dave ramsey, what percentage of your annual salary should you try to cover with this insurance?.

Answers

Dave advises coverage of 60-70% of your monthly salary, the longest elimination period your budget and emergency fund can support, and a 5-year benefit duration.

What is budget means?

A budget is a spending plan that accounts for both income and expenses. In other words, it's an estimate of how much money you'll make and spend over a set length of time, such as a month or a year. (Alternatively, a family budget is one that accounts for all of your household's incoming and outgoing money.) Examples include, among others, the sales budget made to forecast the company's sales and the production budget prepared to forecast the company's output.

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has a dividend yield equal to 8 percent and is expected to grow at a 11 percent rate for the next seven years. what is abc's required return?

Answers

Answer: The needed rate of return on ABC's stock is 19.2%, and it trades at $41 per share. The dividend is anticipated to increase at a steady annual rate of 5.9%.

Explanation: How is a stock operated?

Stock is purchased by investors at a specific price based on the state of the market. Investors can sell a stock for a profit if the price increases. Investors may be selling at a loss if the price falls.

How do novices acquire shares?

Depositing funds into an online investment account, which can later be used to purchase shares of stock or stock mutual funds, is one of the greatest ways for novices to learn how to invest in stocks. with several brokers

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Other Questions
8) Calculate the PE of a 5 kg mass when it is a) 13 m, above the ground. (g = 10 N/kg) b) 6.8 m, above the ground. (g = 10 N/kg) C who a student performs a standard two-slit interference experiment, and the interference pattern is projected on a screen. using a light sensor, the intensity of the pattern is measured, and a plot of intensity versus position is created. how does the speaker use figurative langauge contribute to the meaning of the poemI AM OFFERIG THIS POEM besides restriction of food intake to the extent that nutritional deficiency exists, what other criteria indicate a patient is suffering from avoidant/restrictive eating disorder? select all that apply. california has a unique geography and a diversity of ecosystems that supports a wide range of endemic plant life. for this reason, california is what? Relative clauseWhich of the following sentences is grammatically incorrect?A. Donald has a 19-year-old daughter whom ambition is to be a photographer.B. The bungalows, of which the roofs are leaking, ought to be repaired.C. There are several small ponds in which a number of fish live.D. I was invited by the professor whom I met at the conference. Herbert Marcuse Believed that increasing rationality in society would lead to which of the following A. A decline in efficiency in government agencies B. Reason C. Technocratic thinking D. Mass culture PLS HELP Which of the following groups would have been most closely linked to the goals of the counterculture movement that opposed theVietnam War, supported civil rights, and democratic reforms?A.The New LeftB.The New RightC.Constitutionists Kim ran a 26-mile marathon.She ran 1/7 of the marathon duringthe first hour. How many miles didKim run during the first hour? the parents of a child with recently diagnosed leukemia ask the nurse why their child has too many white blood cells. which is the nurse's best response? Imagine you were looking through the telescope from Tokyo, Japan. You would be able to see a firefly in Maryland on the eastern side of the United States! Which sentence from the article do these sentences most clearly support?A. Telescopes grew and improved and gave humans an even greater view into space in the centuries that followed. (paragraph 2) B. However, since 1990, scientists have gained more knowledge through observations made by the Hubble Space Telescope than in all four centuries before. (paragraph 2) C. The Hubble is one of the most valuable scientific tools ever built. (paragraph 3) D. The telescope is incredibly powerful. (paragraph 3) What is the vertex of this question Question 9 (2 points)Which of the following is NOT a purpose of the Preamble?To outline the goals of the US governmentTo mention consent of the governedTo separate from EnglandTo introduce the Constitution Roanne earned $5 for 1/2 of an hour of babyitting. How much would Roanne make in 1 hour Are x and y proportional? the effectiveness of a training program designed to encourage employee satisfaction could best be measured by: For the volume of soap in bottle, ryan determined the margin of error as 354. 85 mL to 354. 95 mL. What was the volume of soap the he measured to serve one person at a local restaurant it takes 10 minutes to serve pot five people it takes 18 minutes right and solve an equation to find the number of minutes it will take to serve a party of eight Given dy/dt=2y and y(2)=200. Find y(7). Evaluate the expression for a = 3, b = 2, and c = 4. 2a - b + c