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3 years ago

Audrey is comparing three investment accounts offering different rates.

Business

1 answer:

Natali [406]3 years ago

3 0

Answer:

Option C is the only option that yields more than 10% annually (10.04%)

Explanation:

Option A's monthly interest = 9.45% / 12 = 0.7875%

option A's annual yield = (1 + 0.7875%)¹² - 1 = 9.87%

Option B's quarterly interest = 9.56% / 4 = 2.39%

option B's annual yield = (1 + 2.39%)⁴ - 1 = 9.9%

Option C's daily interest = 9.569% / 365 = 0.02621644%

option C's annual yield = (1 + 0.02621644%)³⁶⁵ - 1 = 10.04%

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Who here needs a friend?

Scilla [17]

Answer:

Explanation:

Why not

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3 years ago

Read 2 more answers

M7-7 to M7-9 Calculating Cost of Goods Available for Sale, Ending Inventory, Sales, Cost of Goods Sold, and Gross Profit under P

zvonat [6]

Answer:

Date Units Unit Cost Unit Selling Price

July 1 Beginning Inventory 50 $ 10

July 13 Purchase 250 13

July 25 Sold (100 ) $ 15

July 31 Ending Inventory 200

Cost of Goods Available for sale= 250 units at $ 13+ 50 units at $ 10

= 3250 + 500= $3750

FIFO Ending Inventory $ 2600

200 units at $ 13= $ 2600

Sales 100At $ 15= $1500

FIFO Cost Of Goods Sold $ 1150

50 units at $ 10= $ 500

50 units at $ 13= $ 650

LIFO Ending Inventory $ 2450

50 units at $ 10= $ 500

150 units at $ 13= $ 1950

Sales 100 at $ 15= $1500

LIFO Cost Of Goods Sold $ 1150= Cost of Goods Available for Sale Less LIFO Ending Inventory = 3750- 2450= $ 1300

100 units at $ 13= $ 1300

Weighted Average Ending Inventory 12.5 * 200= $ 2500

Total Cost/ total units= 3750/300= 12.5

Weighted Average Cost Of Goods Sold $ 1150= Cost of Goods Available for Sale Less Weighted Average Ending Inventory = 3750- 2500= $ 1250

Weighted Gross Profit= Sales Less Weighted Cost Of Goods Sold= $ 1500- $ 1250= $ 250

7 0

3 years ago

What does it mean to say that a "business" has responsibility?

Fynjy0 [20]

Answer:

They can operate a business however they choose, but it must be fair and right to society.

Explanation:They must keep their hours everyday, fair prices, etc

3 0

3 years ago

A 60-day, 9% note for $10,000, dated May 1, is received from a customer on account. The maturity value of the note is Select one

Andreas93 [3]

I would say $10,150. The 10,000 principal x 1.09 = 10,900 but this would be for 9% for one year whereas the term is 60 days or approx. 2 months or 1/6 of a year so the increase would be 900/6 = 150 so the total value would be $10,150.

6 0

3 years ago

Consider Pacific Energy Company and U.S. Bluechips, Inc., both of which reported earnings of $961,000. Without new projects, bot

Daniel [21]

Answer:

Price / Earnings <u>7.04</u> times

Price / Earnings <u>7.14</u> times

Explanation:

Earning = $961,000

Rate of return = 14%

PV of Perpetuity = Cash flow / rate of return

PV of Perpetuity = $961,000 / 0.14 = $6,864,286

As we know that Price is the Present value of future cash flows which is perpetuity of $6,764,286.

Price Earning Ratio = $6,764,286/ $961,000 = 7.04 times

Earning = $961,000 + $111,000 = $1,072,000

Rate of return = 14%

PV of Perpetuity = Cash flow / rate of return

PV of Perpetuity = $1,072,000 / 0.14 = $7,657,143

As we know that Price is the Present value of future cash flows which is perpetuity of $7,657,143.

Price Earning Ratio = $7,657,143/ $1,072,000 = 7.14 times

Earning = $961,000 + $211,000 = $1,172,000

Rate of return = 14%

PV of Perpetuity = Cash flow / rate of return

PV of Perpetuity = $1,172,000 / 0.14 = $8,371,429

As we know that Price is the Present value of future cash flows which is perpetuity of $6,764,286.

Price Earning Ratio = $8,371,429 / $1,172,000 = 7.14 times

7 0

3 years ago