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shutvik [7]
2 years ago
13

pat deposits $600 in a saving account at a simple interest rate of 6% per year for 5 years. How much money will pat have earned

in interest at the end of 5 years
Business
2 answers:
g100num [7]2 years ago
7 0

The money he would have earned as interest at the end of 5 years is $180.

<h3>How much interest would he have earned in 5 years?</h3>

Interest is the total amount that is earned in excess of the amount deposited. Interest is a function of the amount deposited, time and interest rate.

Interest = amount deposited x time x interest rate

$600 x 5 x 0.06 = $180

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

#SPJ1

ikadub [295]2 years ago
7 0

The money that pat will have earned in interest at the end of 5 years is $180.00.

What is simple interest?

Simple interest is determined as amount deposited multiplied by the annual interest rate and multiplied by the period that deposits last.

Total interest=deposit*interest rate*time

deposit=$600

interest rate=6%

time=5 years

Total interest for 5 years=$600*6%*5

Total interest for 5 years=$180.00

Find further guidance on determination of simple interest in the link below:

brainly.com/question/20690803

#SPJ1

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A company's expected receipts from sales and planned disbursements to pay bills is commonly called a:
igomit [66]

Answer:

Cash budget.

Explanation:

A company's expected receipts from sales and planned disbursements to pay bills is commonly called a cash budget.

A cash budget can be defined as a budget consisting of expected cash receipts or estimation of the cash flows and planned disbursements to pay bills, for a business over a specific period of time.

In Financial accounting, a cash budget is typically used to determine whether a business firm has sufficient funds for its smooth operations and evaluate if cash are being spent judiciously or productively. A cash budget comprises of financial items such as costs incurred or expenses paid, revenues generated, payments and loan receipts collected.

5 0
3 years ago
Last year Swensen Corp. had sales of $303,225, operating costs of $267,500, and year-end assets of $195,000. The debt-to-total-a
kolbaska11 [484]

Answer:

The correct option is D

There is increase in ROE by 2.86%

d. 2.86%

EXPLANATION:

THIS IS THE COMPLETE QUESTION BELOW;

Last year Swensen Corp. had sales of $303,225, operating costs of $267,500, and year-end assets of $195,000. The debt-to-total-assets ratio was 27%, the interest rate on the debt was 8.2%, and the firm's tax rate was 37%. The new CFO wants to see how the ROE would have been affected if the firm had used a 45% debt ratio. Assume that sales and total assets would not be affected, and that the interest rate and tax rate would both remain constant. By how much would the ROE change in response to the change in the capital structure?

a. 2.08%

b. 2.32%

c. 2.57%

d. 2.86%

e. 3.14%

CHECK THE ATTACHMENT BELOW FOR DETAILED EXPLANATION

3 0
3 years ago
After asking coworkers to review a project plan, you receive feedback that it is difficult to understand all of the numeric data
BabaBlast [244]

Answer:

The correct answer would be option B, Graph.

Explanation:

There are many ways to represent data. Data can be represented in the form of tables, columns, rows, charts, graphs, etc. Out of these, graphs are the easiest way to represent data. Graphs consists of two axis. One is called the horizontal axis and the other is called the vertical axis. Data is written on these axis in relation with each other and then their relation is shown through connecting or separate lines on the graph depending upon the relationship. So in this question, if the colleagues are not able to fully understand the data in fourth paragraph, then the team leader should add a graph to make it simple for the readers and to better understood by them.

5 0
3 years ago
Read 2 more answers
I need help! It’s for a test.
Vilka [71]
I think is D



Is the most obvious out of the others
7 0
3 years ago
Read 2 more answers
In the short run, if average variable cost equals $50, average total cost equals $75, and output equals 100, the total fixed cos
musickatia [10]

Answer: $2500

Explanation:

From the question,

Average variable cost(AVC) = $50

Average total cost (ATC) = $75

Output (Q) = 100

Since Average fixed cost is the difference between the average total cost and the average Variable cost. This will be:

AFC = ATC - AVC

AFC = $75 - $50

AFC = $25

We should note that:

AFC = TFC / Q

TFC = AFC × Q

TFC = $25 × 100

TFC = $2500

Therefore, total fixed cost is $2500

5 0
3 years ago
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