1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
shutvik [7]
3 years ago
10

Harry deposits $2400 in an account that pays 7% simple interest and $3500 in a second account that has a higher interest rate bu

t is more risky. What interest rate must he get on the second account in order to earn at least $800 in interest for one year?
Business
1 answer:
Fudgin [204]3 years ago
3 0

Answer:

18.0571%

Explanation:

Simple interest = principal x time x year

simple interest on the first investment = $2400  x 0,07 x 1 = $168

in order to earn at least $800 , he must earn $800 - $168 = $632 in the second investment

$632 = $3500 x r x 1

r = $632 / $3500 = 0,180571 = 18.0571%

You might be interested in
Only 3 days after the attacks of 9-11, Northwestern Mutual began providing death benefits to surviving families of the first res
Luda [366]

Answer:

Empathy

Explanation:

Empathy is the ability of a person of business entity to understand the thoughts, feelings, and emotions of their customers. It is the ability to personalise the customer's situation.

This makes the business go the extra mile in solving the customer's problem.

In this scenario Northwestern mutual felt the pain and understood the financial needs of the families of first responders during the 9-11 attack.

So without official death certificates they paid death benefits only 3 days after the attacks.

Other insurance companies however did not empathise with their customers and only paid death benefits some months to a year.

5 0
3 years ago
2. How could you assess whether new office designs are improving the organizational culture
juin [17]

Answer:A proper office layout is the key to a high performance office. This means both good performance from your employees but also your business. Companies that have a great culture are highly sought after by prospective employees and can provide a competitive advantage in both hiring and retaining staff.

Explanation:

7 0
2 years ago
Cynthia, a sole proprietor, was engaged in a service business and reported her income on the cash basis. On February 1, 2013, sh
Sunny_sXe [5.5K]

Answer:

<h3>Cynthia and Dove Corporation</h3>

Any profits generated by Dove Corporation will be taxed to the corporation and also taxed to Cynthia as a shareholder whenever Dove distributes the profits as dividends. Taxing Dove and Cynthia creates a double taxation burden for both Dove and Cynthia. Dove Corporation does not get a tax deduction when it distributes dividends to Cynthia.  Furthermore, Cynthia cannot deduct any corporation loss when incurred.  These are unlike when the business was only a sole proprietorship.

Explanation:

a) Data and Calculations:

Dove Corporation

Balance Sheet

February 1, 2013

Assets

                                                    Basis to Dove     Fair Market Value

Cash                                                 $ 80,000              $ 80,000

Accounts receivable                         0                           240,000

Equipment (cost $180,000;              120,000               320,000

depreciation previously claimed $60,000)

Building (straight-line depreciation) 160,000              400,000

Land                                                    40,000               160,000

Total                                               $400,000          $1,200,000

Liabilities and Stockholders' Equity

Liabilities:

Accounts payable—trade            $ 120,000

Notes payable—bank                    360,000

Stockholders' equity:

Common stock                              720,000

Total                                          $1,200,000

4 0
2 years ago
The ________ is determined by the amount by which government spending exceeds government revenue in a fiscal year. budget defici
Amiraneli [1.4K]

The answer to this question is Budget Deficit. Budget Deficit shows that the government spending is exceeding the government revenue in a year. In order to resolve the problem in budget deficit the government should cut the expenditures or the government spending and find a way to increase revenue of the country.

8 0
3 years ago
Distributive, procedural, and interactional are
Jet001 [13]

Answer:

Organizational justice

Explanation:

Organizational justice concerns employees' understanding of fairness, results, and processes within a company. Distributive, procedural, and interactional are the three types of organizational justice that companies must embrace in order to have happy and productive employees.

4 0
3 years ago
Other questions:
  • Roslyn has decided to purchase a $14,000 car. She plans on putting $2000 down toward the purchase, and financing the rest at a 6
    12·2 answers
  • CSM Machine Shop is considering a four-year project to improve its production efficiency. Buying a new machine press for $375,00
    13·1 answer
  • What is one of the main effects that the internet has had on buisness
    15·1 answer
  • If the liabilities of a business increased $83,000 during a period of time and the stockholders’ equity in the business decrease
    6·1 answer
  • Companies can and often do use different costing methods for financial reporting and tax reporting. An exception to this is the:
    12·1 answer
  • For each separate case, record the necessary adjusting entry. On July 1, Lopez Company paid $1,200 for six months of insurance c
    7·1 answer
  • Best Shingle's budgeted manufacturing costs for 50,000 squares of shingles are: Fixed manufacturing costs $12,000 Variable manuf
    5·1 answer
  • After researching products similar to yours in the industry, you decide that your product has superior value. As such, you decid
    5·1 answer
  • A company reports the following amount in its December 31, Year 1, income statement.
    15·1 answer
  • What is morale? apparently the question was too short so this is filler
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!