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LekaFEV [45]
3 years ago
5

What is the simple interest of a loan for $1,000 with 5 percent interest after 3 years?

Business
2 answers:
tino4ka555 [31]3 years ago
4 0

$150 ---- gradpoint

Alex73 [517]3 years ago
3 0
Simple interest produces interest only over the initial amount.

So every year the interest will be $1000 * 5 / 100 = $50.

That is, after 3 years 3 * $50 = $ 150.

Simple interest does not take into account the reduction of the principal but calculates the interest over the same initial amount, in this case $1000.

So, the answer is $150, which is the result of $50 times 3.
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When estimating income, it is better to be:
eimsori [14]

Answer:

When estimating income according to the prudency concept, we are to underestimate income or revenue and over estimate cost or expenses

Explanation:

5 0
3 years ago
You purchased shares of Broussard Company using 50 percent margin; you invested a total of $20,000 (buying 1,000 shares at a pri
IceJOKER [234]

Answer:

My percentage profit is 15%

Explanation:

Total investment = $20 × 1000 = $20,000

Rise in value of investment = $23 × 1000 = $23,000

Profit = $23,000 - $20,000 = $3,000

Percentage profit = profit/total investment × 100 = $3,000/$20,000 × 100 = 15%

3 0
3 years ago
Red Hot Inc. and Maverick Cycles Inc. are two competing motorcycle companies. While Red Hot's Cost of goods sold/Revenue is 63.4
kykrilka [37]

Answer:

a- Red Hot is less efficient than Maverick Cycles in producing goods.

Explanation:

Given data

The Red Hot's Cost of goods sold/Revenue = 63.4%

And, the Cost of goods sold/Revenue of Maverick Cycles = 54.2%

By considering the above information, we can see that in the red hot case, the percentage is higher whereas in the maverick cycles the percentage is lower than reflecting the less efficient in the red hot case as the cost value that is incurred for producing the goods and services is higher than the sales revenue while in another case, the cost is lower as compared to the red hot

6 0
3 years ago
Income Statement Wayne Corporation had the following revenue and expense account balances (in millions) for a recent year ending
stiv31 [10]

Answer:

                                       Income Statement

Revenue                                                                 $24,698

Expenses

Salaries and employee benefits      $8,815

Purchased Transportation                $1,203

Fuel Expense                                     $3,228

Rental and landing fees                     $1,748

Depreciation Expense                       $925

Maintenance and repairs expense   $1,573

Provision for income taxes                $805

Other expense (revenue) net            <u>$4,995</u>

Total Expenses                                                        <u>$23,292</u>

Net Income                                                               <u>$1,406</u>

5 0
2 years ago
A company has a capital structure that includes 30% debts, 10% preferred stock, and 60% common stock. The before-tax cost of deb
Alexxandr [17]

Answer:

option (C) 11.8%

Explanation:

Debts = 30%

Preferred stock = 10%

Common stock = 60%

before-tax cost of debt = 11%

cost of preferred stock = 10.3%

cost of common stock = 14.7%

New common stock sales cost = 16%

The weighted average cost of capital for the company

marginal tax rate = 40%

= Debt × before-tax cost of debt × (1 - tax)) + (Common stock × cost of common stock ) + (Preferred stock × cost of preferred stock )

= 0.30 × 0.11 × (1 - 0.40) + (0.60 × 0.147 ) + ( 0.10 × 0.103 )

= 0.0198 + 0.0882 + 0.0103

= 0.1183

Or

= 0.1183 × 100% = 11.83% ≈ 11.8%

Hence.

The correct answer is option (C) 11.8%

7 0
3 years ago
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