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yaroslaw [1]
4 years ago
14

Mandi puts $20 in her savings account. the account pays 3% simple interest. how much interest will she earn in 2 years?

Business
1 answer:
cupoosta [38]4 years ago
8 0
$20x2x3=120    
120/100=$1.20
Interest= $1.20
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5
VLD [36.1K]

Answer:

FInd a co-signer with equivalent credit score.

Explanation:

Tina does not have credit history. She can receive the loan if she has a collateral or co-signer as  base for loan. But it must meet all requests. The collateral must have the right estimation and ownership. Co-signer must have required credit score and credit history.

4 0
2 years ago
Read 2 more answers
Andersen's Nursery has sales of $318,400, costs of $199,400, depreciation expense of $28,600, interest expense of $1,100, and a
podryga [215]

Answer:

e. $42,438

Explanation:

The computation of the retained earning is shown below:

Earning after tax = Sales - cost - depreciation expense - interest expense - income tax expense

= $318,400 - $199,400 - $28,600 - $1,100 - $30362

= $58,938

The income tax expense equal to

= (Sales - cost - depreciation expense - interest expense) × tax rate

= ($318,400 - $199,400 - $28,600 - $1,100) × 0.34

= $30362

Now the retained earning equal to

= Earning after tax - dividend paid

= $58,938 - $16,500

= $42,438

7 0
3 years ago
Lin Corporation has a single product whose selling price is $140 per unit and whose variable expense is $70 per unit. The compan
ivanzaharov [21]

Answer:

The sales unit to achieve a target profit of $6,250 is 545 units

The sales units to achieve to achieve a target profit of $9,400 is 590 units

Explanation:

The quantity at target profit=fixed cost+target profit/contribution per unit

fixed expense=$31,900

target profit $6,250

contribution per unit=$140-$70

                                  =$70

unit sales at a target profit of $6,250=($31,900+$6,250)/$70

                                                             =545  sales units

fixed expenses $31900

target profit of $9400

contribution per unit is $70

unit sales at a target profit of $9,400=($31900+$9400)/$70

                                                            =590 sales unit

8 0
3 years ago
assume the price of a product sold by a purely competitive firm is $5. given the data in the accompanying table, at what output
Anna35 [415]

The output level is total profit highest in the short run is 40 .

<h3>What is meant by short run ?</h3>

The idea of the short run states that some inputs will be constant while others will change over a specific period of time. It expresses the notion that an economy responds to particular stimuli differently depending on the amount of time it has to do so.

In the short run, certain production parameters are stable and some are flexible. Only by increasing the application of the variable factor can output be enhanced. The scale of manufacturing stays steady in the short term. The lengthy run is a time when all production factors are erratic.

To learn more about short run refer to :

brainly.com/question/24088447

#SPJ4

6 0
1 year ago
McLaughlin borrowed her roommate's car just to take her mother to the hospital. While delivering her mother at the hospital, McL
PolarNik [594]

Answer:

Ideally, the drunk driver who hit them while he was driving on the wrong lane is liable for the damages and not McLaughlin since he was sober and civil.

Explanation:

Liability for damages resulting from car accident usually falls on a negligent driver an din this case, McLaughlin is not the negligent one.

However, the situation is tricky here since he is not the owner of the car.

The majority of car accidents are caused by driver negligence, poor road conditions, or a problem or defect with one of the automobiles involved.

If his friend has a car insurance, that will cover for the damages as well.

And if the drunk driver finds a way to escape with a strong case, and in the absence of a car insurance, McLaughlin might be obligated to pay for the damages since the car was borrowed.

4 0
3 years ago
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