The number of years it would take to have over $6,300 is 6 years.
Simple interest is a type of interest in which interest is earned only on the amount of money deposited.
The formula that can be used to determine the number of years is: Interest / (principal x interest rate)
Interest = $6300 - $4,200 = $2100
Time = $2100 / ($4200 x 0.085)
2100 / 357
Time = 5.88 = 6 years
A similar question was answered here: brainly.com/question/2294792
Determine how much each month she can afford
Hello the answer ACCUMULATES THE EFFECTS OF JOURNALISED TRANSACTIONS IN THE INDIVIDUAL LEDGER ACCOUNTS
Answer:
The correct answer to the following question will be Option A (money collected through product sales).
Explanation:
- Revenue seems to be the amount of money a business generally earns for a given time, including promotions as well as exemptions for finished merchandise.
- Revenue is indeed the quantity of cash that always comes from the commercial operations of an organization. As throughout the price-to-sales measure, an equivalent to something like the price-to-earnings rate of return, which utilizes revenues in the divisor.
The other given choices are not related to the given circumstances. So that Option A would be the right answer.
Answer:
Dividend paid to preferred stock holders
= 10% x $100 x 10,000 shares = $100,000
Dividend paid to common stock holders
= $250,000 - $100,000
= $150,000
The correct answer is A
Explanation:
First and foremost, there is need to calculate the dividend paid to preferred stock holders, which is a function of dividend rate, par value and number of preferred stocks outstanding.
Finally, we will calculate dividend paid to common stockholders by deducting preferred dividend from the total dividend declared.
