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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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A company used straight-line depreciation for an item of equipment that cost $15,350, had a salvage value of $3,200 and a six-ye
Thepotemich [5.8K]

Answer:

The correct answer is $2,580.

Explanation:

Under straight-line method, depreciation expense is (cost - residual value) / No of years = ($15,350 - $3,200) / 6 years = $2,025 yearly depreciation expense.

Accumulated depreciation at Year 3 = $2,025 x 3 = $6,075

Net book value (NBV) becomes $15,350 - $6,075 = $9,275

New depreciation is ($9,275 - $1,535) / 3 years = $2,580 yearly depreciation expenses

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3 years ago
When analyzing the key elements of a country's economic environment, it is best to apply a systems perspective?
Alenkasestr [34]
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Bay crab processor has a contract with jim, a local crabber, to buy all the crabs jim catches during the season for 35 per bushe
vichka [17]
The answer to this question is the "output contract". This is a mutual agreement between the producer of the product and the buyer. The producer agrees that he will sell all his product to the buyer and the buyer agrees that he will buy all the product delivered to him by the producer. Thus, to complete the sentence we have it "<span>Bay crab processor has a contract with Jim who is a local crabber and inform Jim that he will buy all the crabs. Then, Jim catches during the season for 35 per bushel. this is an example of an OUTPUT contract.</span>"
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3 years ago
Label each of the following statements as an example of positive or normative analysis.
STALIN [3.7K]

Answer and explanation:

The difference between constructive and normative economic statements is considerable. Economists use both types of statements when addressing economic issues with varying degrees of objectivity. Positive statements state facts, which show no signs of endorsement or disapproval. Normative economics includes assumptions related to subjectivity and meaning.

1)<em> The sugar quota in the United States costs consumers $6.08 billion a year.  </em><u><em>(Positive statement)</em></u>

<em />

2)<em> Higher tariffs on imported automobiles would decrease the demand for foreign-made cars.  (</em><u><em>Normative statement)</em></u>

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3)<em> International trade should be limited because it can cause some workers to lose their jobs.  (</em><u><em>Normative statement)</em></u>

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4)<em> International trade makes some people better off and some people worse off.  </em><u><em>(Positive statement)</em></u>

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5)<em> The U.S. should impose import quotas in the market for consumer electronics to help domestic workers.  </em><u><em>(Normative statement)</em></u>

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6)<em> The sugar quota in the U.S. is good public policy and should be made stronger. (</em><u><em>Normative statement)</em></u>

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3 years ago
What factors do business firms need to consider when deciding on how many workers to hire?
Savatey [412]

hardworking personal

Explanation:

when a servant is hardworking, he or she helps to grow well

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