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4 years ago

Ann puts $300 in a bank account earning 4% interest. How much will she earn in interest in 1 year?

Business

1 answer:

Vanyuwa [196]4 years ago

4 0

your answer should be 12 !

Hope this helped, good luck in your future studies..

-A

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3 years ago

The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Let’s see whether

Airida [17]

Answer:

Note: See missing wordings in attached picture below

a. 2015

Gross profit percentage = [Total revenue - Cost of crude oil and products] / Total revenue

Gross profit percentage = [$225 - $119] / $225

Gross profit percentage = $106 / $225

Gross profit percentage = 0.47111111

Gross profit percentage = 47.11%

2014

Gross profit percentage = [Total revenue - Cost of crude oil and products] / Total revenue

Gross profit percentage = [$242 - $127] / $242

Gross profit percentage = $115 / $242

Gross profit percentage = 0.475206612

Gross profit percentage = 47.52%

Conclusion: Insignia Corporation are likely to earn less gross profit from each dollar of sales in 2016 because Gross profit percentage decreased from 2014 to 2015.

b. 2015

Net profit margin = Net income / Total revenue

Net profit margin = $26/$225

Net profit margin = 0.1155555

Net profit margin = 11.56%

2014

Net profit margin = Net income / Total revenue

Net profit margin = $37/$242

Net profit margin = 0.152893

Net profit margin = 15.29%

6 0

3 years ago

The Devon Motor Company produces automobiles. On April 1st the company had no beginning inventories and it purchased 7,390 batte

Sever21 [200]

Answer:

1. a. Raw Materials

Materials left in storeroom

= (7,390 - 6,800) * $145

= $‭85,550‬

b. Work in Process

90% were completed so 10% was left. 100 batteries were removed from the 6,800 batteries.

= 10% * (6,700 * 145)

= $‭97,150‬

c. Finished goods

Unsold goods are 30%.

= 6,700 * 90% * 30% * 145

= $‭262,305‬

d. Cost of goods sold

Sold goods were therefore 70%

= 6,700 * 90% * 70% * 145

= $‭612,045‬

e. Selling expense

= 100 batteries used in sales staff cars * 145

= $14,500

Raw materials - Balance Sheet

Work in process - Balance Sheet

Finished goods - Balance Sheet

Cost of goods sold - Income statement

Selling expanse - Income statement

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3 years ago

The value of the mutual fund's portfolio minus the mutual fund's liabilities divided by the number of shares outstanding is call

lara [203]

Answer:

Net Asset value (NAV)

Explanation:

Net Asset value (NAV) represent per share market value of the fund.It is calculated using the below formula

Net Asset value of fund=Value of mutual fund's portfolio-Mutual fund liabilities/Number of share outstanding.

Mutual fund portfolio normally includes all the cash and securities of a fund.

NAV is normally computed at the end of the end of each trading day based on the closing market prices of the fund portfolio.

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Answer:

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3 years ago