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1 year ago

margo borrows $800, agreeing to pay it back with 5% annual interest after 7 months. how much interest will she pay?

Business

1 answer:

Gala2k [10]1 year ago

7 0

Answer:

Explanation:

800 * 5% * (7/12) = 23.333

dividing 7 by 12 coz there r 12 months in a year and she is paying for 7.

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2 brothers, Joe and Bob get equal dollar amounts of securities as a gift. Joe immediately sells his securities and deposits the

raketka [301]

Answer:

Opportunity cost

Explanation:

The opportunity cost Bob's brother Joe $20,000. Remember, the term Opportunity cost refers to the cost (loss in this context) incurred when one forgoes an alternative best option–holding them in a brokerage account, in place for a less beneficial one.

Thus, Bob chose the best alternative over his brother.

8 0

3 years ago

Graph shows values along the horizontal axis and vertical axis. Coordinates are plotted to indicate two upward-sloping diagonal

algol13

The answer to this question will be A

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3 years ago

Company ABC reported the following: 1. Net Income: $110,000 2. Return on Sales (Net Income/Sales): 3.56% 3. Gross Profit Percent

Sergeeva-Olga [200]

Answer:

$2,266,123.60

Explanation:

As it is given

Return on sales = Net income ÷ Sales

3.56% = $110,000 ÷ Sales

So, the sales is $3,089,887.64

Now the Gross Profit percentage is

Gross Profit percentage = Gross profit ÷ Sales

26.66% = Gross profit ÷ $3,089,887.64

So, the gross profit

= $823,764.044

Now the cost of goods sold is

= Sales - gross profit

= $3,089,887.64 - $823,764.044

= $2,266,123.60

8 0

3 years ago

Agent fred fronts his cousin norm money to buy a client's house. shortly after the closing, agent fred flips the house and reali

VashaNatasha [74]

This is the situation or case of real estate dealing in which Agent fred fronts his cousin norm money to buy a client's house. shortly after the closing, agent fred flips the house and realizes a substantial profit. agent fred's actions might be describe as Self-dealing.
Self-dealing is not considered good in real estate. In self-dealing you are interested in your own benefit more than the benefit of clients. There are many methods of dealing are used by agents in real estate field.

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3 years ago

An investment management firm has been hired by ETV Corporation to work on an additional public offering for the company. The fi

jeka94

Answer:

b. Place the company on a restricted list and give only factual information about the company.

Explanation:

There is an ethical problem in the scenario that borders on professional code of conducts in the area of objectivity and independence.

It was stated in the scenario that ''the head of the investment banking department has asked the head of the brokerage unit to change the recommendation from "sell" to "buy."

This is a case of wanting to interfere with the objectivity of the recommendations which should be based on facts not bias.

Secondly, the head of investment banking is trying to interfere with the independence of the head of brokerage unit.

According to the Standards, the head of the brokerage unit would be permitted to place the company on a restricted list and give only factual information about the company.

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3 years ago