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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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A pump station has six 500 hp pumps that run an average of 5 hours a day each, a 5 hp sump

GaryK [48]

Answer:

4*0.07=energy use per day(x)

(x)*30=energy use in thirty days (y)

Therefore

X=$0.28

Y=$8.4

Explanation:

4 0

3 years ago

Paper Submarine Manufacturing is investigating a lockbox system to reduce its collection time. It has determined the following:

Ostrovityanka [42]

Answer:

-1,185,282.35‬

Explanation:

The average daily collections are the average number of payments times the average value of a payment, so:

Average daily collections = =355 * 945

Average daily collections = $335,475

The present value of the lockbox service is the average daily receipts times the number of days the collection is reduced, so:

PV = (4 day reduction)( $335,475)

PV = $1,341,900‬

The daily cost is a perpetuity. The present value of the cost is the daily cost divided by the daily interest rate. So:

PV of cost = (.3*355)/.00068

PV of cost = $106.5/.00068= $156,617.65

The firm should take the lockbox service. The NPV of the lockbox is the cost plus the present value of the reduction in collection time, so:

NPV = $156,617.65 - 1,341,900

NPV = -1,185,282.35‬

3 0

3 years ago

Read 2 more answers

In their business partnership, George has an ownership interest of 56% and Ben has an ownership interest of 44%. In the curre

SVETLANKA909090 [29]

Answer:

(D) George, Capital will increase by $6,700 and Ben, Capital will increase by $3,100.

Explanation:

Transaction for the event

Dr. Equipment (Asset) 9800

Cr. George (Capital A/c) 6700

Cr. Ben (Capital A/c) 3100

So.

George, Capital will increase by $6,700 and Ben, Capital will increase by $3,100 on the basis of their contribution in the purchase of equipment. So option D is true based on this event.

5 0

3 years ago

Labor demand is less elastic when: _____________

garri49 [273]

Answer:

The correct answer is B. Labor demand is less elastic when a large amount of labor is essential to the production process.

Explanation:

Inelastic demand is one that is not very sensitive to sudden changes in its quantity, even in the face of important changes in the context in which they operate, such as a change in the price if it is a product for sale, or in the working conditions or wages if you talk about labor demand.

Thus, in the case of a job in which high amounts of labor are needed, the labor demand will remain stable despite these changes, as workers will perceive that it is a position of easy access and hiring.

8 0

3 years ago

Prepare journal entries to record the following production activities for Hotwax. 1. Incurred direct labor of $200,000 (credit F

Firdavs [7]

Answer:

a. Debit Work-in- Progress with $200,000, and credit factory payroll payable with $200,000.

b. Debit factory overhead with $11,500, and credit factory payroll payable with $11,500.

c. Debit factory payroll payable with $211,500, and credit Cash with $211,500.

Explanation:

This will appear as follows in the account:

Hotwax's Journal Entries

Details Dr ($) Cr ($)

Work-in- Progress 200,000

Factory payroll payable 200,000

Being direct labor cost incurred

Factory overhead 11,500

Factory payroll payable 11,500

Being the indirect labor cost incurred

Factory payroll payable 211,500

Cash 211,500

Being total factory payroll or labor cost paid in cash

4 0

4 years ago