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Degger [83]
3 years ago
13

Harrison and Sherrie are making decisions on their bank accounts. Harrison wants to put more money in as a principle amount beca

use the more you start with, the more interest you will gain. Sherrie wants to put the original money in an account with a higher interest rate. Explain which method will result in more money.
Business
2 answers:
Troyanec [42]3 years ago
5 0
Sherrie wants to put the original money in an account with a higher interest rate. Explain which method will result in more money.

Answer: In this case I would say that both Sherrie and Harrison are good methods that will result in more money. As to find out which idea would make the most bang for the buck we would need actual data like interest rates.

I hope it helps, Regards.
iren [92.7K]3 years ago
5 0
I think the one that would get more money would be Harrison's method

The different in interest rate between two place is probably only between 3-5 % at most. If we put more money as a principle amount, we will generate more interest in the future

hope this helps
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Hence, in this case, from the available options, Khadija is a female, and unlike Lila, she has a team of her own. This implies she is a leader and could be the owner or owned more than fifty percent in the company's ownership.

Therefore, the right answer is "Khadija urges her team to be flexible and to consider all available options."

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8 0
3 years ago
Cash $ 14,000 Accounts payable $ 42,000 Receivables 70,000 Other current liabilities 28,000 Inventories 210,000 Total CL $ 70,00
Tcecarenko [31]

Answer:

The ROE will increase by 7.69% to 14.29% from 7.5%

Explanation:

Current liabilities:

account payable 42,000

Other  28,000

Total Liabilities: 70,000

IF we want a current ratio of 2.3 then:

70,000 x 2.3 = 161,000 Current assets are needed.

Right now, the companny has 294,000 current assets so it will make inventories decrease by:

294,000 - 161,000 = 133,000

Then with that will purchase common stock:

280,000 - 133,000 = 147,000 common stock will be outstanding

The Return on equity will be:

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While currently the ROE is:

21,000/280,000 = 0.075 = 7.5%

There will be an increase for: 14.29 - 7.5 =  6.79%

3 0
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