Answer:
the annual percentage rate is 1040%
Explanation:
The computation of the nominal rate of interest is shown below:
As we know that
Future value = Present value × (1 + rate of interest)^number of years
$60 = $50 × (1 + rate of interest)^1
1 + rate of interest = ($60 ÷ $50)
rate of interest is
= (1.2- 1 ) × 100
= 20%
Now the annual percentage rate is
= 20% × 52
= 1040%
hence, the annual percentage rate is 1040%
Answer:
The right answer is option (C).
Explanation:
According to the scenario, the most appropriate answer is option (C) because according to the NASAA rules a complaint can not be registered until it is in written form. As in the scene, the complaint is made verbally and hence it can not be recorded.
While the other options are wrong because of the following reason:
- Option (A) is wrong because the complaint is not in written and hence it can not be a matter to whom it directed.
- Option (B) is wrong because it defines that the complaint can be recorded by verbal communication.
- Option (D) is wrong because there is no connection with the state administrator until a complaint was recorded in writing.
Answer:
true
Explanation:
The transfer payment comprises of both a donor as well as a receiver, with the sender giving up something that is of worth and receiving anything in return, unlike the swap agreement that equally benefits all the parties concerned.
Transfer payments cover Social Security, Medicaid, unemployment compensation, social programs and assistance. They should not be added in GDP, as they are not payments for goods or services, but rather ways to distribute money for social purposes.
Answer:
option d) approximately 84%
Explanation:
Data provided in the question:
Mean, m = $92
Standard deviation, s = $13
Now,
we have to calculate percentage of homes will have a monthly utility bill of more than $79 i.e P(X > 79)
also,
P( X > 79) = 1 - P( X < 79)
Z-score for (X = 79 ) =
Z =
or
Z = -1
From the standard Z value vs P table, we have
P( Z < -1 ) = 0.1587
Thus,
P( X < 79) = P( Z < -1 ) = 0.1587
therefore,
P(X > 79) = 1 - 0.1587
or
P(X > 79) = 0.8413
or
= 0.8413 × 100%
= 84.13%
Hence,
option d) approximately 84%
Answer:
$11,400
Explanation:
The Sallisaw shall determined the retained earnings as the end of the April using the following mentioned formula:
Retained earnings at the end of April=Retained earnings at the start of April+net income for the month of April-dividend paid during the April
In the given question
Retained earnings at the start of April=$10,000
Net income for the month of April=Provided services to customers on account+Provided services to customers in exchange for cash-Rent paid for April-salaries paid to employees for the month of April
Net income for the month of April=$2,000+$900-$800-$700
=$1,400
Dividend paid during april=$0
So based on the above calculations:
Retained earnings at the end of April=$10,000+$1,400=$11,400
So the answer is $11,400