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3 years ago

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

1 answer:

4 0

I believe the answer would be $126,000 because 3,000*7*6 equals 126,000. I may have done it wrong since I haven't done this in a while.

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A $10,000 municipal bond with 10 years to maturity is purchased in the primary market at 105. The bond is sold after 2 years at

Mama L [17]

Answer: B. a 2 point capital gain

Explanation:

Municipal Bonds have to be amortized using the straight-line method and this applied to both newly issued or bonds being traded at a premium.

The bond in question is trading at 105 and so has a 5 point premium which needs to be amortized at 1 point a year for 5 years. As it was bought after two years, the amortization was 2 points which means the cost of the bond should be;

105 - 2 = 103

Yet it was sold for 105. The gain is therefore

= 105 - 103

= 2 point capital gain

7 0

3 years ago

Mary's Baskets Company expects to manufacture and sell 24 comma 000 baskets in 2019 for $ 7 each. There are 2 comma 000 baskets

denis23 [38]

Answer:

The budgeted sales revenue is : $168,000

Explanation:

In 2019, as Mary's Basket Company has the opening Inventory balance of 2,000 baskets; projects to manufactures 24,000 baskets, plans to maintain ending inventory at $2,000 baskets without any work-in-process inventory; We have the baskets available for sales in the year of 2019 is:

Actual Ending Balance of 2018 + Projected manufactured baskets during the year 2019 - Planned ending Balance of the year 2019 = 2,000 + 24,000 - 2,000 = 24,000

The unit price is projected at $7.

Thus, we have the projected sales revenue is:

Projected Unit price x Projected baskets available for sales = 7 x 24,000 = $168,000

7 0

3 years ago

3. Definition of economic costs Felix lives in Miami and runs a business that sells boats. In an average year, he receives $851,

Elanso [62]

Answer:

The economic costs are the sum of the explicit costs or monetary costs, and the implicit costs, or opportunity costs.

The explicit or monetary costs that Felix has are:

Payments to manufacturer: $476,000

Wages and utility bills: $281,000

Total monetary costs: $751,000

The implicit or opportunity costs that Felix is incurring are:

Rent he would get for his showroom: $71,000

Salary he would get as an accountant: $34,000

Total opportunity costs: $105,000

Total economic costs: $751,000 + $105,000 = $856,000

6 0

3 years ago

Daniel wanted to start his own small business. After spending his own money on marketing research, Daniel asked his friend Chase

Nuetrik [128]

Given that Daniel spent months writing a business plan, this goes to show that Daniel understands the steps needed to start a small business.

<h3>What is a business plan?</h3>

This is a plan that shows the details of a business company. The document shows the objectives that the company has.

This document also tells how the business plans to go about achieving all the goals that it has set for itself.

Read more on business plans here:brainly.com/question/25311149

6 0

2 years ago

Rob has just received a check for $32,595. This is a return from an investment that he made 18 years ago. He was told that the r

Grace [21]

The original investment that Rob made was $4,981 with the rate of interest of 11% per year for 18 years.

<h3 /><h3>What do you mean by present value?</h3>

Present value (PV) refers to the current price of a future amount of money or move of cash flows given a certain price of return. Future cash flows are discounted at the discount price, and the better the discount price, the lower the present price of the future cash flows.

As per the given information:

A: $32,595

P: ?

r: 11%

n = 18 years

$A=P(1+ \dfrac{r}{100} )^{n} \\\\32,595 = P(1+ 0.11)^{18} \\\\32,595 = P (1.11)^{18} \\\\32,595 = 6.5435P\\\\ P = \$4,981$

Therefore, The original investment that Rob made was $4,981 with a rate of interest of 11% per year for 18 years.

learn more about present value:

brainly.com/question/20813161

#SPJ1

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3 0

2 years ago