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Aliun [14]
3 years ago
11

If a person has $1,000 in a savings account and earns $20 a year in interest on that account, the rate of return on the money is

close to _______.A.) 5%B.) 2%C.) 10%D.) 20%
Business
1 answer:
Inessa05 [86]3 years ago
8 0

Answer:

B.) 2%

Explanation:

The computation of the rate of return on the money is

= (Interest earned on that account ÷ amount in saving account) × 100

= ($20 ÷ $1,000) × 100

= 2%

We simply divided the interest rate by the amount which is available in the saving amount so that exact return rate on the money can come.

And, multiplied it by 100 as the return rate or any other rate is expressed in percentage form

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Which of the following is true of manufacturing?
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Which of the following statements about credit scores is TRUE? A Credit scores reflect how likely individuals are to repay their
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Langer Company produces plastic items, including plastic housings for humidifiers. Each housing requires about 15 ounces of plas
Alex

Answer:

Langer Company

Direct Materials Purchases Budget

For July, August and September

                                                             July August September Total

Units to be produced                        3500 4400 4900 12800

Direct materials per unit (ounces)             15 15 15 15

Production needs                                52500 66000 73500 192000

Desired ending inventory (ounces) 19800 22050 28350 28350

Total needs                                        72300 88050 101850 220350

Less: Beginning inventory                15750 19800 22050 15750

Direct materials to be purchased (ounces) 56550 68250 79800 204600

Cost per ounce                               $0.08 $0.08 $0.08 $0.08

Total purchase cost                     $4,524 $5,460 $6,384 $16,368

3 0
3 years ago
For a closed economy, GDP is $11 trillion, consumption is $7 trillion, taxes are $2.5 trillion and the government runs a surplus
alina1380 [7]

Answer:

A. $1.5 trillion and $2.5 trillion, respectively

Explanation:

Given that

GDP = 11 Trillion

Tax = 2.5trillion

C = 7 trillion

Recall that

Private Savings = Disposable Income - Consumption

Disposable income = GDP - Tax

= 11 - 2.5

= 8.5

Private savings = 8.5 - 7

= 1.5 trillion.

National Savings = Private Savings + Budget balance

Given that

Budget balance = 1 trillion

Therefore,

National Savings = 1.5 + 1

= 2.5 trillion.

6 0
3 years ago
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