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aleksley [76]
2 years ago
10

Arn.hawkeslearning.com/portal/test/testtaketesti 00:28:59 question 23 of 29 step 1 of 2 mary ann has recently inherited $5100. w

hich she wants to deposit into an ira account she has determined that her two best bets are an account that compounds emi-annually at an annual rate of 5.5% (account 1) and an account that compounds daily at'an annual rate of 3.4% (account 2). step 1 of 2: which account would pay mary ann more interest? answer 2 points keypad keyboard shortcuts account 1 account 2 prev d
Business
1 answer:
Irina18 [472]2 years ago
3 0

Mary Ann will prefer Account 1

The use of "Compounding interest rate," which involves adding interest to the deposit's principal amount, is the main topic of discussion here.

Mary Ann's balance from account 2 over 3.7 years is $6,261.37

The below calculation is to derive maturity and value when an annual rate of 5.5% is applied.

Principal = $5,100

Annual rate = 5.5% semi-annually for 1 years

A = P(1+r/m)^n*t where n=1, t=2

A = 5,400*(1 + 0.031/2)^1*2

A = 5,400*(1.0155)^2

A = 5,400*1.03124025

A = 5568.69735

A = $5,568.70.

In conclusion, the accrued value she will get years one year for this account is $5,568.70,

When the amount compounds continuously at a rate of 3.4% per year, the maturity value is determined by the calculation below.

Principal = $5,400

Annual rate = 3.4% continuously

A = P.e^rt where n=1

A = 5,400 * e^(0.04*1)

A = 5,400 * 1.04081077419

A = 5620.378180626

A = $5,620.39.

In conclusion, the accrued value she will greater one year for this account is $5,620.39.

Referring to how much would Mary Ann's balance be from Account 2 over 3.7 years. It is calculated as follows:

Annual rate = 3.4% continuously

A = P.e^rt where n=3.7

A = 5,400 * e^(0.04*3.7)

A = 5,400 * e^0.148

A = 5,400 * 1.15951289636

A = 6261.369640344

A = $6,261.37

Therefore, the accrued value she will get after 3.7 years for this account is $6,261.37

Learn more about the Annual rate here

brainly.com/question/14170671

#SPJ4

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Portman Industries just paid a dividend of $1.68 per share. The company expects the coming year to be very profitable, and its d
alisha [4.7K]

Answer:

What is the expected dividend yield for Portman's stock today?

d. 6.40%

Suppose Portman is considering issuing 62,500 new shares at a price of $26.78 per share. If the new shares are sold to outside investors, by how much will Judy's investment in Portman Industries be diluted on a per-share basis?

a. $0.52 per share

Thus, Judy's investment will be diluted, and Judy will experience a total loss of $0.52 x 7,500 = $3,900

Explanation:

cost of equity = Re = risk free rate of return + (Beta × market premium) = 5% + (0.90 x 6%) = 10.4%

dividend in one year = $1.68 x 120% = $2.016

intrinsic stock price = $2.016 / (10.4% - 4%) = $31.50

expected dividend yield = dividend / stock price = $2.016 / $31.50 = 6.4%

Judy's loss per share = ($31.50 - $26.78) x (62,500 / 562,500) = $0.5244

7 0
3 years ago
Using FIFO for Multiproduct Inventory Transactions (Chapters 6 and 7) [LO 6-3, LO 6-4, LO 7-3] Skip to question [The following i
expeople1 [14]

Answer:

1-a. Dollars of gross profit from selling tags = $9,180

1-b. Dollars of gross profit from selling cases = $1,500

1-c. Gross profit percentage from selling tags = 72.86%

1.d. Gross profit percentage from selling cases = 83.33%

2-a. Tag yields more dollars of profit.

2-b. Tag yields more profit per dollar of sales.

Explanation:

Note: The requirements for this question are two not three as erroneously stated. This is because, the first and the third question are the same. Therefore, the two relevant requirements of the question are:

1. Calculate the dollars of gross profit and the gross profit percentage from selling tags and cases.

2. Which product line yields more dollars of profit? - Which product line yields more profit per dollar of sales?

The explanation of the answers is now given as follows:

1. Calculate the dollars of gross profit and the gross profit percentage from selling tags and cases.

Sales revenue from tags = Sales value of 160 tags mailed to customers on Jan. 8 at a price of $30 per tag + Sales value of 260 tags mailed to customers on Jan. 21 at a price of $30 per tag = (160 * $30) + (260 * $30) = $12,600

Sales revenue from cases = Sales value of 120 cases mailed to customers on Jan. 19 at a price of $15 per case = 120 * $15 = $1,800

Total number of tags sold = 160 tags mailed to customers + 260 tags mailed to customers on Jan. 21 = 420

Total number of cases sold = 120 cases mailed to customers on Jan. 19 at a price of $15 per case = 120

Using FIFO, we have:

Cost of tags sold = Value of 260 tags purchased on Jan.2 from Xioasi Manufacturing (XM) at a cost of $7 per tag + Value of the remaining 160 (i.e. 420 – 260 = 160) tags sold based on the 360 tags purchased on Jan. 11 from XM at a cost of $10 per tag = (260 * $7) + (160 * $10) = $3,420

Cost of cases sold = Value of 60 cases purchased on Jan.4 from Bachittar Products (BP) at a cost of $2 per case + Value of the remaining 60 cases sold based on the 160 cases purchased on Jan. 14 from BP at a cost of $3 per case = (60 * $2) + (60 * $3) = $300

Therefore, we have:

1-a. Dollars of gross profit from selling tags = Sales revenue from tags - Cost of tags sold = $12,600 - $3,420 = $9,180

1-b. Dollars of gross profit from selling cases = Sales revenue from cases - Cost of cases sold = $1,800 - $300 = $1,500

1-c. Gross profit percentage from selling tags = (Dollars of gross profit from selling tags / Sales revenue from tags) * 100 = ($9,180 / $12,600) * 100 = 72.86%

1.d. Gross profit percentage from selling cases = (Dollars of gross profit from selling cases / Sales revenue from cases) * 100 = 83.33%

2. Which product line yields more dollars of profit? - Which product line yields more profit per dollar of sales?

2-a. Which product line yields more dollars of profit?

From part 1 above, we have:

Dollars of gross profit from selling tags = $9,180

Dollars of gross profit from selling cases = $1,500

Since the dollars of gross profit from selling tags of $9,180 is greater than the dollars of gross profit from selling cases of $1,500, this implies that Tag yields more dollars of profit.

2-b. Which product line yields more profit per dollar of sales?

From part 1 above, we have:

Total number of tags sold = 420

Total number of cases sold = 120

Therefore, we have:

Tag's profit per dollar of sales = Dollars of gross profit from selling tags / Total number of tags sold = $9,180 / 420 = $21.86

Case's profit per dollar of sales = Dollars of gross profit from selling cases / Total number of cases sold = $1,500 / 120 = $12.50

Since Tag's profit per dollar of sales of $21.86 is greater than Case's profit per dollar of sales of $12.50, this implies that Tag yields more profit per dollar of sales.

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3 years ago
The fact that a bank's assets tend to be long-term while its liabilities are short-term creates: multiple choice interest-rate r
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Which is an example of a preventative measure related to possible medical
Rama09 [41]

An example of a preventative measure related to medical identity theft would be carefully checking the medical records of a person. Option A is correct.

<h3>What is a preventative measure?</h3>

In opposition to disease treatment, preventative measures refer to actions or steps taken to ward off illness. The usual categories used to describe preventive care strategies are primary, secondary, and tertiary prevention.

Maintaining control of medical identity cards and routinely reviewing medical bills, credit reports, medical benefit accounts, and instruction invoices are examples of preventative measure.

Medicare and Social Security cards that have been stolen away require to be accounted right away to the Social Security Administration.

Therefore, option A is correct.

Learn more about a preventative measure, refer to:

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7 0
2 years ago
Comparable sales of duplexes in a market indicate a grm of 146. if the annual income of the subject is $24,000, what is the prop
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$3,504,000

Using GRM (Gross Rental Multiplier) to calculate value, simply multiply the estimated rental income by the GRM:

$24,000*146= $3,504,000  

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