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4 years ago

Danny deposits $50 in a savings account at 5 percent interest for 3 months. How much will be in the account after 3 months?

Business

1 answer:

sveticcg [70]4 years ago

5 0

Answer:

$ 50.625

Explanation:

Amount of deposit = $50

interest 5 percent usually per year

Per year interest rate = 5/100= 0.05

Interest rate for 3 months= 0.05/12 x3

=0.0125

Interest amount =0.0125 x50= 0.625

Money in the account will be

=$50+0.625

=$ 50.625

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Pablo Company has budgeted production for next year as follows: Quarter First Second Third FourthProduction in units 59,000 99,0

AVprozaik [17]

Answer:

Purchases= 408,000 pounds

Explanation:

Giving the following information:

Production:

2nd Q= 99,000 units

3rd= 109,000 units

Four pounds of material A are required for each unit produced.

Desired ending inventory= 30% of the next quarter's production

<u>To calculate the purchases for the second quarter, we need to use the following formula:</u>

Purchases= production + desired ending inventory - beginning inventory

Purchases= (99,000*4) + (109,000*4)*0.3 - (99,000*4)*0.3

Purchases= 396,000 + 130,800 - 118,800

Purchases= 408,000 pounds

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3 years ago

Profit is only a liability for the business. Can you justify this?

lara31 [8.8K]

Answer:

A growing company may not be earning any profits yet, but may nevertheless provide a great investment opportunity.

Other times, a lack of profitability can be a huge red flag that something is wrong with the firm.

Explanation:

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3 years ago

A client diagnose with scabies has been prescribed lindane lotion. What is the recommended method of administration of this medi

Ulleksa [173]

Answer:

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4 years ago

Sound Audio manufactures and sells audio equipment for automobiles. Engineers notiﬁed management in December2018 of a circuit ﬂa

julsineya [31]

Answer:

Please see attachment .

Explanation:

Please see attachment .

Download pdf

4 0

3 years ago

During a company's first year, the asset account, Office Supplies, was debited for $3,900 for the purchases of supplies. At year

fiasKO [112]

Answer:

The adjusting entry will be shown below:

Explanation:

The adjusting journal which is to be recorded in the following case will be:

Office Supplies expense A/c..............................Dr $2,275

Office Supplies A/c.........................................Cr $2,275

As the amount $3,900 is already debited and at the year end, the remaining amount of office will be posted to the account of the office supplies expense against the office supplies account.

Working Note:

Amount = Debited amount of office supplies - Offices supplies on hand

= $3,900 - $1,625

= $2,275

5 0

3 years ago