Answer:
$297
Explanation:
We are to find the simple interest received by each of Michael and John after 1 year on $11000 at their respective rate of interest, then subtract the bigger from the smaller, the difference is the answer.
Simple Interest = PxRxT
P = Principal
R = Rate
T = Time
Michael
P = $11,000
R = 3%
T = 1 Year
Simple Interest = $11000 x 3% x 1
= $11000 x 0.03
= $330
That is Michael will receive an interest of $330 after 1 year
John
P = $11000
R = 5.7%
T = 1 Year
Simple Interest = $11000 x 5.7% x 1
= $11000 x 0.057
= $627
This means John will receive an interest of $627
Therefore, John will receive $627 - $330 = $297 more than Michael
Answer:
b
Explanation:
Marginal utility is the additional utility derived from consuming one more unit of a good
the consumption decision is to consume more units of a good that gives the higher utility per good.
Marginal utility per unit of good = marginal utility / price of the good
haircut = 2000 / 40 = 50
Nails = 1000 /25 = 40
the utility per unit for haircut is greater for haircut than nails, so he would choose haircut
When marginal utility is positive, it means that increasing consumption by one unit increases total utility
When marginal utility is negative, it means that increasing consumption by one unit decreases total utility
When marginal utility is zero, total utility has reached its maximum and no more units of goods would be consumed
Answer: Option E
Explanation: In simple words, domestic security analyst refers to an individual having specialized knowledge and skills to analyze past data and present market condition to forecast future expectation of different securities whether debt, equity or preference.
These analyst predicts how the securities of the investor will perform in the future and take corrective actions to maximize the profit of those investors.
Thus, we can conclude that they work in an investment industry of securities in which different individuals buys various securities of different companies with the hope of earning higher returns than traditional investments.
Answer:
the number of shares to be used in computing basic EPS is 2,100,000.
Explanation:
Basic Earnings Per Share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks
<u>Weighted Average Number of Common Stocks Calculation :</u>
Common Stocks Outstanding on 1 January 2,000,000
Additional Shares 9/12 × 100,000 75,000
Additional Shares 3/12 × 100,000 25,000
Weighted Average Number of Common Stocks 2,100,000