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
AlekseyPX
3 years ago
8

You invest 1000 in a fund. You check your statement at the end of April and you have lost 13%. When the statement for May comes

you see you gained 13%. What is the value of your account?
Business
1 answer:
Debora [2.8K]3 years ago
3 0
Hello! So, $1,000 is invested in the account. You lost 13% of that later on. To find out how much is left after that, multiply 1,000 by 87%. This is because although you have lost 13% of it, you still have 87% of it left. 100 - 13 is 87. 1,000 * 87% (0.87) is 870. So your statement is down to $870. However, you gain 13% of the current amount. To find out the amount in the account, add 1 to the rate in decimal form, and then multiply that by the amount in the statement. We add 1 to the rate when we're looking for total amount, because doing that will take you straight to the total amount and makes you less likely to make an error. 13% is 0.13 in decimal form. 1 + 0.13 is 1.13. 870 * 1.13 is 983.1. There. The value of your account is $983.10.
You might be interested in
If firms and households form their expectations about inflation by looking at past inflation, this form of expectations formatio
eduard

Answer:

B) adaptive

Explanation:

Based on the scenario being described it can be said that this form of expectations formation is known as adaptive expectations. These are expectations formed from a process in which individuals predict what will most likely occur in the future based on the data of what has already happened in the past.

6 0
3 years ago
Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda's Bagel Café in exchange for her payment of a debt t
-Dominant- [34]

Answer:

New Credit Corporation.

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

Also, mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

In this scenario, Lyle and Miranda agree that Lyle will fix the refrigeration unit in Miranda's Bagel Café in exchange for her payment of a debt that Lyle owes to New Credit Corporation. Under this contract, the intended beneficiary is New Credit Corporation as agreed upon by Lyle and Miranda.

An intended beneficiary can be defined as a third-party deemed to be the recipient of an action with respect to the execution of a contract.

4 0
3 years ago
Some of the considerations you might use to analyze the data include
Semenov [28]
B characteristics of the children etc
6 0
2 years ago
The assets of Prosian Italia, a marble and granite company, amount to $400 million, and its liabilities add up to $180 million.
Kobotan [32]

Answer:

$220 million

Explanation:

According to given information in question:

Assets = $400 million

Liabilities = $180 million

Accounting Equation:

Assets = Equity + Liabilities

$400 million = Equity + $180 million

Equity = $400 million - $180 million

Equity = $220 million

Based on the accounting equation, Prosian Italia's owners' equity is equal to $220 million.

4 0
3 years ago
A strategic vision for a company__________
tatuchka [14]

Answer:

e. describes "where we are going" by delineating the course and direction management has charted for the company's future product-customer-market-technology focus.

Explanation:

The vision is how the company will shape the future. How is going to be in term of culture, place in the market and consumer view of the brand.

It is the idealistic foundation of the firm. Is the goal as pure as it can be.

Later, with mision and objective it will break down into smaller part to reach that greater the vision entails

8 0
3 years ago
Other questions:
  • When configuring a group of radio button form controls, the value of the ________ attribute on each radio button must be the sam
    6·1 answer
  • Firm A pays $0.80 a year as dividends on its common stock. Currently this stock sells for $28.12 a share. Last year, at this tim
    11·1 answer
  • Please help ASAP giving BRAINLIEST , Did I get this correct?
    15·1 answer
  • When preparing the statement of cash flows by the indirect method, if accumulated depreciation increases the difference is
    10·2 answers
  • Assume you invest money in a bond that will pay you $250,000 in four years. the bond has an annual interest rate of 5%. you do n
    5·1 answer
  • Do debit cards have a higher interest rate than credit cards
    5·2 answers
  • 17-15. What specific characteristics would you look for in an internship?
    15·2 answers
  • The pharmaceutical industry is extremely dynamic. A company that releases a product to the general public with the intention of
    6·1 answer
  • Give an example of a strong manager and an organization that you worked with in the past or presently.
    6·1 answer
  • In an effort to raise more tax revenue from the upper class, the government decides to impose a new tax on luxury goods like yac
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!