1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
marysya [2.9K]
3 years ago
15

James purchased five bonds of face value of $1,000 that paid 5 percent annual interest rate. the total annual interest income of

james for each year is _____.
Business
1 answer:
oksian1 [2.3K]3 years ago
3 0
250 dollars without compound intrest
You might be interested in
The balance of​ Morgan, Capital at the beginning of the year and the end of the year was $ 45,000 and $ 70,000​, respectively. T
Anna35 [415]

Answer:

$48,000

Explanation:

Given that,

Ending owner's equity = $70,000

Beginning owner's equity = $45,000

Owner's withdrawals = $23,000

There were no new capital contributions during the year.

Net income (loss):

= Ending owner's equity - Beginning owner's equity + Owner's withdrawals

= $ 70,000 - $ 45,000 + $ 23,000

= $48,000

Therefore, the net income for the year is $48,000.

6 0
3 years ago
Which of the following is true of budgeting? Question 1 options: Budgeting forces management to plan for the future. Budgeting c
coldgirl [10]

Answer:

correct option is Budgeting forces management to plan for the future.

Explanation:

The budget depends on the control cycle to design the planning cycle for future action. Because budget is the only way to compare reality in determining performance evaluation, but budget is not in the nose of planning the future                                                          

so correct option is Budgeting forces management to plan for the future.

3 0
3 years ago
The Dlabay Company had a quick ratio of 1.4, a current ratio of 2.75, an inventory turnover of 6 times, total current assets of
Gnesinka [82]

Answer:

Annual sale is $2,282,728.80 and ACP is 44.87 days

Explanation:

Since the annual sales are not given, so first we have to compute the current liabilities amount, then inventory amount, after that, only the sales amount could be found

So, the current liabilities = Current assets ÷ current ratio

                                         =  $775,000 ÷ 2.75

                                         = $281,818  

Now the quick ratio = (Current assets - inventory) ÷ current liabilities

        1.4 times          = ($775,000 - inventory) ÷ $281,818  

$394545.20 = $775,000 - inventory

So, inventory = $380,454.80

Now, the inventory turnover equals to

Inventory turnover ratio = (Turnover ÷ average inventory)

6 times = Annual sales ÷ 380454.80

So, annual sales = $2,282,728.80

The computation of the ACP is shown below:

= (Account receivable ÷ credit sales) × 360 days

Since account receivables is not given so first, we have to calculate it which equals to

= Current assets - cash - inventory  

=  $775000 - $110,000 - $380,454.80

= $284545.20

Now put these values to the above formula  

So, the value would equal to

= ( $284545.20 ÷ $2,282,728.80) × 360 days

= 44.87 days

5 0
3 years ago
The union created when member countries of an economic and monetary union work closely with one another to arrive at common defe
nata0808 [166]

Answer:

Political union

Explanation:

Political Union is a union created when member countries of an economic and monetary union work closely with one another to arrive at common defense and foreign policies and behave as a single country.

Political union is when smaller states come together to form one state.

Forms of a political union includes:

Incorporating union

Incorporating annexation

Federal (or confederal ) union

Federative annexation

Mixed unions

I hope my answer helps you.

3 0
3 years ago
Under the Customer Information Program (CIP) rules, a person's status as a customer equates with account holders. Which activity
Len [333]

Answer:

A

Explanation:

This is because it is only an account under a bank that can purchase a general purpose reloadable prepaid cards with an activated overdraft feature.

6 0
3 years ago
Other questions:
  • The owner of Fido's Pet Supplies wants to know how much dry dog food to stock in her new location. On her customer questionnaire
    6·1 answer
  • Is the wi-fi alliance a non-profit standards organization? what is their goal?
    8·1 answer
  • ___ is a method for developing the shortest schedule when the number or amount of available resources is fixed. a. Resource eval
    15·1 answer
  • A firm must know where to position its product based on price and ________. promotional efforts communication quality region
    5·1 answer
  • A ________ is a distinctive group of customers within a larger market who are similar to one another in some way and whose needs
    12·1 answer
  • Any point inside a production possibilities curve indicates: Select one: a. unemployment and/or inefficiency. b. that the law of
    5·1 answer
  • The three major types of economic systems are ________.
    14·1 answer
  • Choose the correct word in brackets to complete the following:(1) Which fluctuate more-long-term or short-term interest rates? W
    7·1 answer
  • The average cost associated with each additional dollar of financing for investment projects is:_________
    14·1 answer
  • What could explain why South​ Korea's gross domestic product​ (GDP) per capita increased so much faster since the 1970s than Nor
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!