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Katen [24]
2 years ago
12

Calculate the simple interest and maturity vale. (do not round intermediate calculations. Round your answers to the nearest cent

). principal $20,000 interest rate 6 3/4% time 9 months what is the simple interest? and what is the maturity value ?
Business
1 answer:
Nataliya [291]2 years ago
4 0

The simple interest given the principal, time and interest rate is $1012.50.

The maturity value is $21,012.50.

<h3>What is the simple interest?</h3>

An amount earns simple interest only if the principal increases in value when interest is paid and not both the principal and the interest already accrued.

Simple interest = principal x time x interest rate

$20,000 x 9/12 x 0.0675 = $1012.50

Maturity value = $1012.50 + $20,000 = $21,012.50

To learn more about interest, please check: brainly.com/question/26164549

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The Grapefruit Computer Company currently produces its desired level of output. Its marginal product of labor is 10, its margina
anastassius [24]

Answer: d. employ less capital and more labor.

Explanation: Given the marginal product of labor equals 10 and a marginal product of capital equals 50, since the marginal product of capital is now considerably larger than that of labor, increasing labor should be prioritized at this point, because due to the marginal returns on capital may soon start to diminish especially with the high capital rate. And also, high capital rate of $100, which is considerably higher than the labor wage rate of $20, the firm should employ less capital and focus more on labor

6 0
3 years ago
The Bureau of Labor Statistics reported the consumer price index as 229.6 in December 2012, and 246.5 in December 2017. By what
slega [8]

Answer:7.4%

Explanation: In December 2017, the CPI stood at 246.5 up from 229.6 in December 2012. This is a 7.4% increase [(246.5-229.6) /229.6] *100=7.4

4 0
3 years ago
​Poland's Paints allocates overhead based on machine hours. Selected data for the most recent year follow. Estimated manufacturi
sasho [114]

Answer:

The amount of manufacturing overhead allocated for the year based on machine hours would have been​ $268,087

Explanation:

For computing the manufacturing overhead amount, first, we have to compute the predetermined overhead rate. The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

= $238,700 ÷ 20,200 hours

= $11.81

Now the manufacturing overhead equal to

= Actual direct labor-hours × predetermined overhead rate

= 22,700 hours × $11.81

= $268,087

3 0
3 years ago
The phrase leadership praise followers impact Public and punishment and five is really a statement concerning what two important
Dmitry [639]

The phrase leader should praise followers in public and punish them in private is really a statement concerning what two important parts of communication?

Answer:

Encoding and Decoding

Explanation:

The two important parts of communication in this situation is known as Encoding and Decoding

To illustrate better, the Encoding implies that the sender (in this case the leader) sends the message (by praising the follower in the public) to an effect, (by utilizing certain means such as actions, words, etc, ) to ensure that the receiver can quickly grab the message.

At the same time, with the Decoding, the receiver (here the followers) quickly understood the message (praise in the public or punishment in the private by the leaders ) such that the meaning of the message is not lost.

Hence, in this case, the correct answer is Encoding and Decoding.

7 0
3 years ago
On January 1, 2021, Blossom Corporation signed a 10-year noncancelable lease for certain machinery. The terms of the lease calle
andrew-mc [135]

Answer:

the interest expense os $99,317 and the depreciation expense of $82,764

Explanation:

The computation of the interest expense and the depreciation expense is given below:

Interest expense is

= Present value × effective interest rate

= $1,241,466 × 8%

= $99,317

And, the depreciation expense is

= Present value ÷ estimated life

= $1,241,466 ÷ 15 years

=  $82,764

Hence, the interest expense os $99,317 and the depreciation expense of $82,764

This is the answer but the same is not provided in the given options

5 0
3 years ago
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