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
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

You might be interested in
Which of the following is a result of a lower interest rate?
Masteriza [31]

Answer:

a

Explanation:

becuase my dad does that

7 0
3 years ago
When John first starts his job, he rides the bus wherever he goes. However, after one year, John receives a promotion and a pay
vekshin1

Answer:

c. Inferior

Explanation:

Based on the information provided it can be said that this behavior would indicate that to John, a bus ride is an inferior good. This term by definition is a good whose demand decreases when consumer's income rises. Since John received an increased salary with his promotion, he is now able to afford to be able to drive instead of taking the bus. Therefore his demand for taking the bus has drastically decreased.

4 0
3 years ago
Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp pro
bonufazy [111]

Answer:

the equivalent units of production for materials = 352,616 units,

the equivalent units of production for for labor and overhead (conversion) = 339,304 units

Explanation:

First Determine the physical units that were Completed and Transferred out

<em>Units Completed and Transferred = Units in Opening Work In Process  + Units Started During the Year - Units in Closing Work In Process</em>

                                                        = 80,400 + 301,400 - 51,200

                                                        = 330,600

Calculation of Equivalent Units of Production for

1. Materials

Units Completed and Transferred ( 330,600 × 100%)   = 330,600

Units in Closing Work In Process ( 51,200 × 43%)          =   22,016

Total Equivalent Units of Production for Materials         = 352,616

2. Labor and Overhead

Units Completed and Transferred ( 330,600 × 100%)   = 330,600

Units in Closing Work In Process ( 51,200 × 17%)          =      8,704

Total Equivalent Units of Production for Conversion    = 339,304

3 0
3 years ago
As the name suggests, convertible bonds allow the owner the option to convert the bonds into a fixed number of shares of common
kipiarov [429]

Answer: 1. Convertible bond

2. Putable bond

3. Purchasing power bond.

Explanation:

The $100,000 investment is a convertible bond. This is a fixed-income debt security which yields interest payments. It should be noted that it can also be converted to equity shares or common stock.

Nazeem should pick a putable bond. This is because the puttable bond has a put option that is embedded ans he can also demand his principal to be paid early.

Nazem also recently bought bonds that have their interest rate tied to the consumer price index (CPI) so that he will be protected if inflation rates increase. Nazem has invested in purchasing power bond .

8 0
3 years ago
lilliput is a country that has closed borders and does not import or export any goods or services; hence, they do not worry abou
zhannawk [14.2K]

-0.01 billion is lilliput's  a budget deficit. Total expenditure minus total receipts is the fiscal deficit (excluding borrowings). Revenue outlays plus capital outlays are equal to the revenue inflows plus capital inflows minus borrowings.

Despite being primarily utilised by governments, this has a wide range of applications for both people and companies. A government has a budget deficit when it spends more in a given inflows than it brings in the through taxes, for example. As a straightforward illustration, consider a government that receives $10 billion in revenue one year but spends $12 billion, creating a $2 billion budget deficit.

To learn more about  budget deficit, click here.

brainly.com/question/29602763

#SPJ4

7 0
1 year ago
Other questions:
  • A Treasury bond that settles on August 10, 2016, matures on September 27, 2021. The coupon rate is 4.6 percent and the quoted pr
    13·1 answer
  • For each of the following, describe the opportunity cost when you decide to do each activity.
    10·1 answer
  • Because nonindustrial economies can have features of both horticulture and agriculture, it is useful to discuss cultivators as b
    10·1 answer
  • A year ago, Kevin went to work for B&amp;G, Inc. He has worked for the finance department ever since he started. He noticed that
    14·1 answer
  • James Smith has worked for Perfect Transmission Installers for eight years. His annual base salary is $52,000. For overtime hour
    15·1 answer
  • Suppose you own a proprietorship that is in serious financial difficulty. The assets of the company are $100,000, but liabilitie
    13·1 answer
  • Year 1: Issued $10,000 of common stock for cash. Provided $78,000 of services on account. Provided $36,000 of services and recei
    14·1 answer
  • The Heckscher-Ohlin model assumes that there are two countries, each of which produces two goods (say manufactures and agricultu
    9·1 answer
  • Pierre Corporation has a precredit U.S. tax of $315,000 on $1,500,000 of taxable income in the current year. Pierre has $300,000
    12·1 answer
  • We are trading a large amount of goods with a Thai customer, and the customer is requesting full payment in L/C, as they have be
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!