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mars1129 [50]
3 years ago
10

you inherit $10,000 with the stipulation that you for the first year the money must be invested in two stocks paying 6% and 11%

annual interest respectively. How much should be invested?
Business
1 answer:
Crank3 years ago
8 0

Answer:

At 6% $3,529.412 will be invested

At 11% $6,470.588 will be invested

Explanation:

Let x be the investment for 6% stock

And (10,000-x) is the investment it 11% stock

Let I be interest earned on both investments.

Using the formula

Principal(p)= Interest(I)*Rate(r)*Time(t)

p/RT= I

So considering both investments

x/(6%*1)= (10,000-x)/(11%*1)

x/0.06= (10,000-x)/0.11

Cross-multiply

0.11x= 0.06(10,000-x)

0.11x= 600- 0.06x

Rearranging

0.11x+ 0.06x= 600

0.17x= 600

x= 600/0.17= 3,529.412 amount invested at 6%

Amount invested at 11%= 10,000-3,529.412

= 6,470.588

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Answer:

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Explanation:

given data

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average sales price = $600

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actual sales = 120 canoes

to find out

flexible budget amount for canoe sales revenue for April

solution

we know here for flexible budget april sale unit are = 120

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so that April sales will be here = 120 × 600

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8 0
1 year ago
Is there a potential problem if governments continually finance goods and services by borrowing money ? A.Yes, it is unconstitut
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4 0
3 years ago
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Businesses that strongly focus on customer satisfaction tend to: a. be less successful as there is deterioration in the quality
Brut [27]

Answer:

c. transform their current customers into loyal advocates for themselves

Explanation:

Customer satisfaction is the utmost priority of the company.  By satisfaction its customers, the company could accomplish its set targets due to which is able to take the competitive advantage so that it could easy for the company for achieving its goals and objectives

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4 0
3 years ago
Countess Corp. is expected to pay an annual dividend of $5.29 on its common stock in one year. The current stock price is $79.83
Nostrana [21]

Answer:

10.03%

Explanation:

Using the dividend discount formula, find the cost of equity; r

r = \frac{D1}{P0} +g

whereby,

D1 = Next year's dividend = 5.29

P0 = Current price of the stock = 79.83

g = growth rate of dividends = 3.40% or 0.034 as a decimal

Next, plug in the numbers to the formula above;

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As a percentage, r = 10.03%

Therefore, the company's cost of equity is 10.03%

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3 years ago
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