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Lelu [443]
3 years ago
9

If the interest is compounded semiannually, look up on the chart half the rate and twice the years. If the interest is compounde

d quarterly, look up one-fourth the rate and four times the years. What is the total amount and the amount of interest earned on $6,500 at 6% for 25 years?
Business
1 answer:
Radda [10]3 years ago
4 0

Answer:

if the interest is compounded annually:

$6,500 x (1 + 6%)²⁵ = $27,897

interest earned = $27,897 - $6,500 = $21,397

if the interest is compounded semiannually:

$6,500 x (1 + 3%)⁵⁰ = $28,495

interest earned = $28,495 - $6,500 = $21,995

if the interest is compounded quarterly:

$6,500 x (1 + 1.5%)¹⁰⁰ = $28,808

interest earned = $28,808 - $6,500 = $22,308

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Michael operates his health food store as a sole proprietorship out of a building he owns. Based on the following information re
11Alexandr11 [23.1K]

Answer:

c. $31,000

Explanation:

Calculation for the Net self-employment income

Gross receipts $100,000

Less Cost of goods sold ($49,000)

Less Depreciation expense ($5,000)

Less Utilities($6,000)

Less Real estate taxes ($1,000)

Less Sec. 179 expense ($1,000)

Less Mortgage interest ($7,000)

Net self-employment income $ 31,000

Therefore the Net self-employment income will be $ 31,000

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3 years ago
Which of the following describe the product in the marketing mix?
Elza [17]

Answer:

a

Explanation:

3 0
3 years ago
Read 2 more answers
Melina manages a team that is all remote. She wants to collaborate with her team to design and build a culture when working remo
Nitella [24]

The right answer is keep social exchanges proactive and with intent.

What are Social exchanges ?

  • Social exchange Proposition proposes that social behavior is the result of an exchange process.
  • The reason for this exchange is to increase benefits and less costs.
  • According to this proposition, people weigh the implicit benefits and pitfalls of their social connections. When the pitfalls overweigh the prices, they will terminate or abandon the relationship.

Most connections are made up of a certain quantum of give- and- take, but this doesn't mean that they're always equal.

Social exchange suggests that it's the valuing of the benefits and costs of each relationship that determine whether or not we choose to continue a social association.

Melina manages a platoon that's all remote. She wants to unite with her platoon to design and make a culture when working. So the suggestion to her and her team is to keep social exchanges proactive and with intent.

Learn more about Social exchanges here:

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4 0
2 years ago
Problem 2 (9 points) The following information was taken from the income statement and balance sheet of The Perryman Company for
Len [333]

Answer and Explanation:

The computation is shown below;

The net profit margin is

= Net income ÷ sales revenue

= $184,000 ÷ $574,000

= 32%

The asset turnover is

= Sales revenue ÷ average of assets

= $574,000 ÷ ($2,142,000 + $1,998,000)  ÷ 2

= $574,000 ÷ $2,070,000

= 0.28 times

c. The return on assets is

= Net income ÷ average of assets

= $184,000 ÷ $2,070,000

= 0.089

= 8.89%

3 0
3 years ago
There are 20 owners for McJellies, Inc. None of those owners are personally financially liable for the company. What type of bus
SVEN [57.7K]

Answer:

- Corporation

Explanation:

At least two people are required to form a corporation. The owners of a corporation are treated as separate entities from the business. The owners, also known as shareholders, enjoy limited liabilities to the debts of the corporation. In case of a liquidation, they cannot lose more than their capital contribution.

A sole proprietorship is owned by one person, but a partnership requires at least two people to form. The owners of sole proprietorships and partnerships have unlimited liabilities to the debts of their businesses. Should the businesses fail in meeting their obligations, owners' personal assets can be used to settle the outstanding debts.

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2 years ago
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