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2 years ago

You have $55,000 in a savings account that pays 2% interest per year.

Business

1 answer:

blondinia [14]2 years ago

6 0

Answer:

1. the interest make in a year is $1100

2. the spending power need to make to keep up with inflation in that year is $1782.

3. the buying power lose in that year because of inflation is $682. the buying power lose in that year because of inflation is $682.

Explanation:

In a savings account, amount $55,000 which pays 2% interest each year and the rate of inflation is 3.24% gives,

1.The interest make in a year is $1100

2. Spending power need to make to keep up with inflation in that year is $1782.

3. Buying power lose in that year because of inflation is $682

1. the interest make in a year is $1100

2. the spending power need to make to keep up with inflation in that year is $1782.

3. the buying power lose in that year because of inflation is $682. the buying power lose in that year because of inflation is $682.

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Paula's Perfumes has a target profit of $4,000 per month. Perfume sells for $15.00 per bottle and variable costs are $13.50 per

aivan3 [116]

Answer:

4,800 bottles

Explanation:

The formula to compute the number of bottles sold is shown below:

= (Fixed cost + target profit) ÷ (Contribution margin per unit)

where,

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $15 - $13.50

= $1.50

So, the number of bottles sold equal to

= ($3,200 + $4,000) ÷ ($1.50)

= 4,800 bottles

6 0

3 years ago

On February 22, Brett Corporation acquired 250 shares of its $3 par value common stock for $26 each. On March 15, the company re

Alex

Answer: Credit Additional Paid in Capital $198

Explanation:

Brett Corporation reissued the Treasury Stock at $29 which was $3 higher than the amount they had repurchased it for.

When stock is sold for a price higher or lower than they are worth, the balance goes to the Additional Paid-in Capital account. If it is sold higher, the balance is Credited to the Additional Paid-in Capital account and if it is sold for lower than it is worth, it is debited.

The Balance here is,

= $3 * 66 resold shares

= $198

This $198 will therefore be credited to the Additional Paid-in Capital account.

5 0

3 years ago

Mike's Motors Corp. manufactures motors for dirt bikes. The company requires a minimum $30,000 cash balance at each month-end. I

Lapatulllka [165]

Answer:

Mike's Motors Corp.

Cash Budget

July August September

Beginning balance $41,000 $30,000 $30,000

Cash receipts 92,000 118,000 157,000

Total cash available $133,000 $148,000 $187,000

Cash payments 120,000 106,900 134,400

Interest/Loan repayment 11,100 6,602

Cash balance 13,000 30,000 45,998

Cash to borrow 17,000 0 0

Minimum cash balance $30,000 $30,000 $30,000

Explanation:

a) Data and Calculations:

Minimum cash balance = $30,000

Interest rate on borrowings = 3% per month

Beginning cash balance = $41,000

Cash Budget

July August September

Beginning balance $41,000 $30,000 $30,000

Cash receipts 92,000 118,000 157,000

Total cash available $133,000 $148,000 $187,000

Cash payments 120,000 106,900 134,400

Interest/Loan repayment 11,100 6,602

Cash balance 13,000 30,000 45,998

Cash to borrow 17,000 0 0

Minimum cash balance 30,000 30,000 30,000

Loan repayment:

In August:

Interest is paid = $510 ($17,000 * 3%)

Loan is repaid = 10,590

Total paid = $11,100

Balance of loan unpaid = $6,410 ($17,000 - 10,590)

In September:

Interest on loan = $192 ($6,410 * 3%)

Loan repaid = 6,602 ($6,410 + 192)

6 0

2 years ago

If producing each additional unit of good x required giving up ever-increasing amounts of good y, the production possibilities c

Hatshy [7]

If producing each additional unit of good x required giving up ever-increasing amounts of good y, the production possibilities curve between x and y would be bowed outward.

The law of increasing possibility fee: As you increase the manufacturing of 1 appropriate, the opportunity fee to provide the additional precise will boom.

First, understand that opportunity price is the fee of the following-high-quality alternative when a decision is made; it's what's given up.

When the economy grows and all other matters continue to be steady, we are able to produce greater, so this will motivate a shift in the manufacturing opportunities to curve outward, or to the proper.

Learn more about production here: brainly.com/question/26460726

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11 months ago

What did surprise you in personalities

hjlf

Personalities

Personalities all vary from person to person. Depending on what the persons backround is and what theyve seen and gone through there personalities differentiate from each other.

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3 years ago