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notsponge [240]
3 years ago
12

Calculate the simple interest you would receive in one year on a savings account that earns 5% annual interest. your beginning b

alance is $255.19.
Business
1 answer:
cupoosta [38]3 years ago
8 0
The simple interest formula:
I = P * r * t,
where:
I - interest,
P - investment,
r - interest rate,
t - time ( in years )
P = $255.19,  r = 5% = 0.05,  t = 1
I = $255.19 * 0.05 * 1 = $12.7595 ≈ $12.76
Answer: The simple interest you would receive in 1 year is $12.76.
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the IRS has the authority to impose penalties on tax professionals.

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5 0
1 year ago
g The company plans a 4-for-1 stock split. How many shares will you own and what will the share price be after the stock split?
Nata [24]

Answer: 14,400; $17

Explanation:

Stock splits are a strategy by firms to increase the liquidity of their shares especially when they are trading at a high price. The firm divides the stock by a certain number thus increasing the number of shares by the multiple of the number. This action will divide the price of the stock and thus allow for more trade as they are cheaper.

A 4-for- stock split means that each share will become 4.

Your total number of share will become;

= 4 * 3,600

= 14,400 shares

The new price will be;

= 68/4

= $17 per share

7 0
2 years ago
The difference between your sales and your cost of goods sold is known as your what
Anettt [7]

Answer:

profit.

Explanation: its just right

8 0
3 years ago
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Can’t see it, it’s really blurry!
7 0
3 years ago
The Sarbanes-Oxley Act was created in response to corporate accounting scandals in the early 21st century to reform the accounti
Firlakuza [10]

Answer:

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Explanation:

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3 years ago
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