Answer:
Amount of money invested is $2,000 and $4,000
Explanation:
In this question, we are asked to calculate how much was invested in two different accounts given the amount of money invested in both accounts.
Let the amount of money invested in both accounts be a and b respectively.
Mathematically;
A + B = 6000 ......I
Now we use the formula for simple interest to check the amount that is supposed to be made on Both accounts if he end of a year.
Formula for simple interest is I = PRT/100
Let’s apply this to what is on ground:
5*1* a/100 = 5a/100
Second is
9*b*1/100 = 9b/100
That is 5a + 9b = 38,000. ........ii
Solving Both simultaneously as follows:
Let A = 6000-b from 1
Substitute this into 2
5(6000-b) + 9b = 38,000
30,000 -5b + 9b = 38,000
4b = 8,000
b =$2000
This means a would be 6000 - 2,000 = $4000
Answer:
Hedge fund are financial partnerships that use pooled funds and employ different strategies to earn active returns for thier investors.. Hedge fund include long-short equity, market neutral, volatility arbitrage and merger arbitrage. They are generally only accessible to accredited investors
Answer:
It has the ability to reach large audiences in a relatively cost-efficient manner.
Explanation:
Television is one of the medium used for advertising products by the sellers or the distributors or the suppliers. It is one of the mass media of advertising a product or service covering a large number of people at a particular time.
Since a cost incurred on an advertisement is just once in a few years moreover the same digital advertisement can be shown to a large or mass number of people at the same time thus proving that advertisement through television is cost effective or efficient as well.
Answer:
Account receivable = $889,000
Explanation:
The company would record as net receivables, the total amount on accounts receivable less total amount on the allowance for uncollectible account.
The above means that the balance would represent the amount of credit that has gone bad hence the value represent balance on net receivable account.
Therefore,
Accounts receivable
= Adjusted balance in accounts receivable - Allowance for doubtful account
= $980,000 - $91,000
= $889,000
Answer:
$28,000
Explanation:
Ending retained earnings = beginning retained earning + current earnings - dividends paid out.
for Jane's Bakery,
Beginning retained earning 0,
Dividends : $36,000
earnings = revenues - expenses
earnings = $130,000 - $ 66,000
=64,000
ending retained earnings = 0+$64,000- $36,000
=$28,000
