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4 years ago

Which phrase best describes a function

1 answer:

5 0

It is a formula containing arguments. This is because a function maps the domain to its range. Argument is synonymous to domain.

Hope this helps!

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information systems transform raw data into information that can be used to make decisions. What is another important factor to

Reptile [31]

A) The relationship between information systems and organizations is among the fastest-changing aspect of business today.

3 0

4 years ago

A barn with an adjusted basis of $125,000 was destroyed by a tornado on March 5, 2018. On May 15, 2018, the insurance company pa

Tanya [424]

Answer:

$145,000

Explanation:

Data provided in the question:

Adjusted basis of the barn = $125,000

Amount paid by the insurance company = $150,000

Amount reinvested in another barn = $170,000

Now,

Basis of the new barn

= Adjusted Basis of old barn + Additional amount spend on new barn in excess of amount paid by insurance company

= $125,000 + [ $170,000 - $150,000 ]

= $125,000 + $20,000

= $145,000

4 0

4 years ago

On July 7, University Bank lent $560,000 to Jazz Music Shop on a 60 day, 7% note. What is the maturity value of the note? (U

mr Goodwill [35]

Answer: The maturity value of the note is $5,66,533.

We can arrive at the answer with the steps below:

The formula we use to calculate Maturity Value is:

$Maturity Value = Principal * ( 1+ (Rate * Time))$

In this question,

Principal = $560,000

Interest = 7% per year

Time period = 60 days.

Number of days in a year = 360 days (given in the question).

Substituting the value of the time period calculated above in the Maturity Value formula we have:

Maturity Value = $560,000 × (1+(0.07×60/360))

Maturity Value = $560,000 × (1+(0.07×1/6))

Maturity Value = $560,000 × 1.011666667

Maturity Value = $566533.3333

6 0

4 years ago

Friendly's quick loans, inc., offers you $5.25 today but you must repay $6.45 when you get your paycheck in one week (or else).

LenaWriter [7]

For simplicity, we will assume 52 weeks in a year (instead of 365 days).
The rate of interest per week actually charged is
$6.45/5.25-1$
$=1.2285714-1$
$=0.22857142857$
$=22.85714%$

Effective Annual Rate (EAR) is obtained by <em>compounding</em> the weekly rate for one year (52 weeks)
$EAR=(1+i)^n-1$
$=(1+.228571428571428)^52-1$
$=44546.2997$
=4454629.97%
note: most calculators may not display this value with sufficient accuracy.

The corresponding APR is obtained by <em>multiplying</em> the weekly rate by 52
$APR=52*(6.45/5.25-1)$
$=52(6.45/5.25-1)$
$=11.885714$
=1188.57%

8 0

3 years ago

During May 2020, a company spend $14,000 on ordinary maintenance of its delivery trucks. These maintenance costs should have bee

dalvyx [7]

Answer: A. Total Assets are overstated as of May 31, 2020 and May 2020 Net Income is overstated

Explanation:

Capitalizing the costs of the maintenance means that the $14,000 was taken to the Machinery Account which is an asset when in fact it should have been taken to the Maintenance Expense account which is an expense. This will increase the Asset account for May by $14,000 when it should not have meaning that the Asset account is now Overstated.

Net Income is acquired by deducting expenses from Sales/Revenue. The $14,000 which should never have been recorded as an Asset but instead as an expense, will mean that this Expense will not be deducted from the Net Income because it is being recognized as an Asset. This will mean that the Net Income for May will be Overstated by $14,000 which was supposed to be removed from it.

5 0

3 years ago