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suter [353]
4 years ago
15

Savanna Smiles invested $5,000 for one year in a CD that earns interest at a rate of 3.5% compounded monthly. What is the intere

st earned during the year? (Hint: Use the appropriate formulas and round at the end.)
A. $198.70
B. $145.92
C. $177.83
D. $162.97

Business
2 answers:
Mariulka [41]4 years ago
7 0
We are asked to solve for the interest during the year given that it is compounded monthly, we are given with the formula A = P(1+r)^n. The solution is shown below;
A = P (1+r)^n
A = $5,000 (1+ 3.5/12)^(12*1)
A = $5,000 (1.000292)^12
A = $5,177.84

Hope this helps!
olchik [2.2K]4 years ago
3 0
C, is the answer! :)
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Barker Corp. has a beta of 1.10, the real risk-free rate is 2.00%, investors expect a 3.00% future inflation rate, and the marke
Stells [14]

Answer:

the required rate of return for Barker's investor is 10.17%

Explanation:

<u><em>First, We have to calcualte the CAPM </em></u>

(Capital Assets Pricing Model)

Ke= r_f + \beta (r_m-r_f)

risk free = 0.02

premium market = (market rate - risk free) 0.047

beta(non diversifiable risk) = 1.1

Ke= 0.02 + 1.1 (0.047)

Ke 0.07170

now we add the inflation premium:

0.0717 + 0.03 = 0.1017 = <em>10.17%</em>

8 0
3 years ago
If the government subsidizes colleges adn sets the subsidy so that the efficnet number of students entroll, what is the subsidy
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If the government subsidizes colleges and sets the subsidy so that the efficient number of students enrolled The subsidy is ​$ 1000 per student and 6 million students enroll.The cost to the taxpayers is ​$ 6 billion.

A subsidy or government incentive is a form of financial aid or assistance provided to a sector of the economy (business or individual), generally for the purpose of promoting economic and social policies. [1] The term subsidy generally comes from governments but can refer to any kind of support, including NGOs and implied subsidies. Subsidies come in many forms, including direct (cash grants, interest-free loans) and indirect (tax relief, insurance, soft loans, accelerated depreciation, rent refunds)

They may be broad or narrow, legal or illegal, ethical or unethical. The most common form of subsidy is a producer or consumer subsidy. Producer/production subsidies ensure an advantage for producers by providing either market price support, direct support, or payments for factors of production[3]. Consumer/consumption subsidies generally reduce the price of goods and services to consumers. For example, in the United States, it was cheaper to buy gasoline than bottled water

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6 0
2 years ago
During 2020, Sarasota Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Sarasota for
vfiekz [6]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

Gross profit = Sales - Cost of goods sold

= (440 x 90 + 220 x 80 + 264 x 50) - (440 x 56.7 + 220 x 50.4 + 264 x 31.5)

= (39,600 + 17,600 + 13,200) - (24,948 + 11,088 + 8,316)

= 70,400 - 44,352

= $26,048

Ending inventory schedule attached in the excel archive

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

Download xlsx
8 0
3 years ago
Hugh is interested in making a lot of money. He is a very good salesperson. People tell him he could sell sand in Saudi Arabia!
Mila [183]

The type of Job that Hugh has to look for should be the one that can pay him by commission.

<h3>What is a commission?</h3>

This is the money that a person is paid after they have brokered a deal. The commission is the money.

This is the service charge that Hugh is going to charge to his clients whenever he helps them.

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8 0
2 years ago
When a certain competitive firm produces and sells 100 units of output, marginal revenue is $80. When the same firm produces and
Assoli18 [71]

Answer:

d. This cannot be determined from the given information

Explanation:

To find the average revenue of 200 units it is necessary to know the total units. However, the function of the marginal revenue is not given. It is impossible to infer the marginal revenue (price) of other units (of output) only from knowing the marginal revenue of the 100th unit.

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4 years ago
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