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3 years ago

If $3,000 is invested at 7% for 6 months, how much simple interest is earned?

Business

1 answer:

Savatey [412]3 years ago

3 0

The first one is
a. 105
because .07 x .5 x 3000 is equal to 105.

I'm not sure about the second one though.

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During the month of January, Marcos & Henesey, Inc. had total manufacturing costs of $165,000. It incurred $62,000 of direct

adell [148]

Answer:

$68,800

Explanation:

Let the direct material used be X,

Direct Material + Direct Labor + Over Head = Total product cost

X + $62,000 + $40,000 = $165,000

X + $102,000 = $165,000

X = $165,000 - $102,000

X = $63,000 Materials Used

Raw Materials used = Beginning Inventory + Purchased - Ending Inventory

Raw Materials used = Beginning Inventory + Purchased - [Beginning Inventory + $5,800]

$63,000 = Beginning Inventory + Purchased - Beginning Inventory - $5,800

$63,000 = Purchased - $5,800

Purchased = $63,000 + $5,800

Purchases = $68,800

6 0

3 years ago

When planning a procurement, it is useful to ______________.

Gre4nikov [31]

Answer & Explanation: When planning a procurement, it is useful to at least conduct a make or buy analysis which aids in determining the most cost effective approach, to consult and liaise with in-house experts in the departments of procurement, human resource, and legal, and also to insure the sponsor of the project signs off on the procurement plan. The goal of procurement planning is to increase the transparency and predictability of the procurement process while also deciding on what to buy, when and from what source.

5 0

3 years ago

Which are employed by a service firm and assigned to work at a business or an organization

Shkiper50 [21]

Answer: Leased employee

Explanation:

Leased employee are employed by a service firm and assigned to work at a business or an organization.

They are contractual employee and paid on the basis of what is deemed in contract.

6 0

3 years ago

. Shellbridge Corporation common stock has a par value of $25 and recently paid a dividend of $3.16 per share. The firm's divide

Fiesta28 [93]

Answer:

Intrinsic value: $ 45.19290274

The stock is undervalued as is selling for less.

Explanation:

We use the gordon model to solve for the intrinsic value of the share.

$\frac{divends_1}{return-growth} = Intrinsic \: Value$

we must solve for the grow rate like it was an interest rate:

$2.00 \times (1+g)^{10} = 3.16\\\sqrt[10]{\frac{3.16}{2.00}} -1 = g$

g = 0.046804808

<u>dividends one year from now:</u>

3.16 x (1 + 0.046804808) = 3.307903193

Now we calculate the instrinsic value:

$\frac{3.307903193}{0.10 - 0.046804808} = Intrinsic \: Value$

Value: $ 45.19290274

The stock is undervalued as is selling for less.

4 0

3 years ago

Oregon Manufacturing Co. purchased a 10-ton draw press at a cost of $171,000 with terms of 3/15, n/45. Payment was made within t

lubasha [3.4K]

Answer:

4200

Explanation:

3 0

3 years ago