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icang [17]
3 years ago
14

Personal finance chapter 5. A Cerificate of desposit will often result in a penalty for withdrawing funds beofre the maturityy d

ate. If the penalty involves a two month of intertest, what would be the amount for early withdrawal on a $20,000, 4 percent CD
Business
1 answer:
Varvara68 [4.7K]3 years ago
8 0

Answer:

The penalty will be $133.333 for the early withdrawal.

Explanation:

On a $20,000 earning 4% annually, the amount of interest earned per year is:  

$ 20 , 000  x 4%  =  $ 800

On a monthly basis, the CD earns:

$ 800  / 12  =  $ 66.667

If the penalty involves a two (2) months worth of interest, then, the penalty for the early withdrawal will be:

2  x  $ 66.667  =  $ 133.333

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a company budgets production of 15,000 solar panels in july. each unit requires 4 hours of direct labor at a rate of $20 per hou
Mekhanik [1.2K]

The Labor cost = Units Produced * Direct Labor hours per Unit * Direct Labor rate per Hour is  <u>$ 1,200,000.</u>

= 15,000 * 4 * $20

= $ 1,200,000

Answer: $ 1,200,000

Production is the process of combining various tangible and intangible inputs (plans, knowledge) to produce things for consumption (outputs). It is the act of creating output, goods, or services that are of value and contribute to an individual's benefit.

An example of production is the manufacture of automobiles. A car is made up of parts. For example, rubber tires are added to a metal body to create a seat before the car leaves the assembly line. “Production is the organized activity of transforming resources into final products in the form of goods and services. The goal of production is to meet the demand for such transformed resources.

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5 0
1 year ago
Farm subsidies account for approximately ________ of net agricultural income, making America's farmers among the most heavily su
Ronch [10]

Answer:

One fifth

Explanation:

Farm subsidies account for approximately <u>one fifth</u> of net agricultural income, making America's farmers among the most heavily subsidized in the world.

American governement provide subsidy to the farmer to incourage farming in United States and help them to hedge the risk out of demand disruption, price fluctuation, climatic changes, etc. In 2019, US governement payout $22 billion subsidy directly to the farmer, which make it highest subsidized farmer in the world. It has encouraged farmer to produce more crops like Corns, Wheat, rice, soyabean, cotton, etc. As new farm bill was passed at US parliament in 2014, however, higher subsidy process have become more complex, which is benefiting only to the rich farmers in United states.

3 0
3 years ago
The type of performance appraisal that judges specific, observable aspects of performance like being on time for work is a(n) __
RUDIKE [14]

The type of performance appraisal that judges specific, observable aspects of performance like being on time for work is a behavioral  appraisal.

<h3>What is behavioral  appraisal ?</h3>

Behavioral appraisal  is usually focus on specific actions that are related to the job it usually define desired parameters of the action s in the job .

In this case, The type of performance appraisal that judges specific, observable aspects of performance like being on time for work is a behavioral  appraisal.

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5 0
2 years ago
A rectangular floor measures $a$ feet by $b$ feet, where $a$ and $b$ are positive integers with $b &gt; a$. An artist paints a r
DENIUS [597]

The number of possibilities that are there for the ordered pair is 2.

<h3>Calculation and Parameters
</h3>

Because the unpainted part of the floor covers 1/2 of the area, then the painted rectangle covers 1/2 of the area as well.

Given that the border width is 1 foot, the dimensions of the rectangle are a-2 by b-2.

Making an equation:

ab= 2((a-2)(b-2))

ab= 2ab-4a-4b+8

ab-4a-4b+8=0

If we apply Simon's Favorite Factoring Trick,

ab-4a-4b+16= 8

(a-4)(b-4)= 8

Since b > a, then we have the possibilities

(a-4) = 1 and (b-4) = 8, or (a-4) = 2 and (b-4) = 4.

(5, 12) or (6,8) which gives us 2 possibilities.

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8 0
2 years ago
With regard to New United Motor Manufacturing, Inc. (NUMMI), why did General Motors (GM) enter into a strategic alliance with To
hjlf

Answer:

to learn the lean manufacturing system pioneered by Toyota

Explanation:

The main reason for this strategic alliance was in order for General Motors to learn the lean manufacturing system pioneered by Toyota. The lean manufacturing system is a methodology derived from Toyota's 1930 operating model "The Toyota Way" which focuses on minimizing waste within manufacturing systems while at the same time being able to maximize productivity. This provides a great benefit to any manufacturing company, hence why General Motors was interested.

8 0
3 years ago
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