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3 years ago

Amy wants to invest money for two years. She doesn’t know which investment is best for her. What should Amy do?

1 answer:

4 0

Amy should do some research on investments and see which will allow her no penalities for only investing in them for two years. Once she has found options that she likes, talking with a financial advisor to help guide her to the best option possible. Amy is investing to receive money back on her investment so making sure she can actually gain and lot lose and take a hit is vital.

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What is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually?

klasskru [66]

Answer:

Explanation:

The yearly amount of interest earned on a $100 deposit at 4 percent rate is:

$Ai=$100*0.04\\Ai=\$4$

Since simple interest investments yield a constant interest each year, the amount earned after two years is:

$I=2*\$4\\I=\$8$

The total amount earned is $8.

7 0

3 years ago

What design flaw on this ballot could potentially cause confusion for voters? the ballot appears fine as it is, without any pote

tester [92]

The alignment of the yes and no arrows is confusing in some portions

6 0

3 years ago

Read 2 more answers

A corporation issued 5,000 shares of its $1 par value common stock in exchange for land (market value $30,000) and a building (m

olga2289 [7]

Answer:

The correct option is A,Debit Land and Building, $130,000; Credit Common Stock, $5,000; Credit Paid-in Capital in Excess of Par Value, Common Stock, $125,000.

Explanation:

The sum of the two market values of both land and building is $130,000($100,000+$30,000),which would be debited to land and building account to show that the asset has increased due to new acquisition.

In the common stock account the par value of the shares which is $5,000($1*5000) would be credited to it.

The difference between the market value of assets acquired and the common stock amount which is $125,000($130,000-$5,000) would be credited to paid in capital in excess of par account.

3 0

4 years ago

Check my work Check My Work button is now enabled3Item 5Item 5 10 points Social Media, Inc. (SMI) has two services for users. To

Nimfa-mama [501]

Answer:

a. Predetermined administration costs - $ 54 per engineering hours

b. Profit per Toot - $ 648,075

Profit per Tix $ 326,450

Explanation:

Computation for predetermined overhead rate for admin costs

Estimated administration costs $ 629,100

Engineering hours - Toot - 6,825

Engineering hours - Tix - 4,825

Total engineering hours 11,650

Predetermined rate for administration costs

$ 629,100/ 11,650 hours $ 54 per hour

Computation of total profit for each service

Administration costs - Toot = 6,825 hours * $ 54 per hour = $ 368,550

Administration costs - Tix = 4,825 hours * $ 54 per hour = $ 260,550

Toot Tix

$ $

Revenues 1,350,000 1,040,000

Engineering costs 333,375 453,000

Allocation of admin costs 368,550 260,550

Total costs 701,925 713,550

Profit per service 648,075 326,450

5 0

4 years ago

TMS just paid an annual dividend of $2.84 per share on its stock. The dividends are expected to grow at a constant rate of 1.85

bija089 [108]

Answer:

$41.39

Explanation:

Data provided in the question:

Annul Dividend paid, D0 = $2.84 per share

Growth rate, g = 1.85% = 0.0185

Rate of return required, r = 10.4% = 0.104

Now,

Current price of the stock at year 11 = D12 ÷ [ r - g]

= [ $2.84 × (1 + g)¹²] ÷ [ r - g]

= [ $2.84 × (1 + 0.0185)¹²] ÷ [ 0.104 - 0.0185]

= 3.539 ÷ 0.0855

= $41.39

5 0

4 years ago