Answer:
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Explanation:
v:: Those who don't have doubt can they leave ??Those who don't have doubt can they leave ??Those who don't have doubt can they leave ??Those who don't have doubt can they leave ??Those who don't have doubt can they leave ??Those who don't have doubt can they leave ??Those who don't have doubt can they leave ??Those who don't have doubt can they leave ??Those who don't have doubt can they leave ??Those who don't have doubt can they leave ??Those who don't have doubt can they leave ??
Answer:
Amount invested that is principal amount will be $3971.137
Explanation:
We have given that Sharon Lee wants to accumulate $10000 by the end of 12 years
Future value A = $10000 after 12 years
Rate of interest is given r = 8%
Time period n = 12 year ( which is required to accumulate the future value $10000)
We have to fond the amount invested, that is principal amount
We know that future value is given by
![A=P(1+\frac{r}{100})^n](https://tex.z-dn.net/?f=A%3DP%281%2B%5Cfrac%7Br%7D%7B100%7D%29%5En)
![10000=P(1+\frac{8}{100})^{12}](https://tex.z-dn.net/?f=10000%3DP%281%2B%5Cfrac%7B8%7D%7B100%7D%29%5E%7B12%7D)
![10000=P\times 1.08^{12}](https://tex.z-dn.net/?f=10000%3DP%5Ctimes%201.08%5E%7B12%7D)
![10000=P\times 2.5181](https://tex.z-dn.net/?f=10000%3DP%5Ctimes%202.5181)
P = $3971.137
So the amount invested that is principal amount will be $3971.137
Answer:
See the explanation below
Explanation:
Share of net income = 30% × $40 million = $12 million
Dividend received = 20 million × $1 = $20 million
The journal are as follows:
<u>Details Dr ($'million) Cr ($'million) </u>
Investment in Nursery Supplies Inc. 63
Cash 63
<u><em>Being the cash payment for investment in Nursery Supplies Inc. </em></u>
Investment in Nursery Supplies Inc. 12
Investment income 12
<em><u>Being the a share of net income of Nursery Supplies Inc. </u></em>
Cash 20
Investment in Nursery Supplies Inc. 20
<u><em>Being dividend received from Investment in Nursery Supplies Inc. </em></u>
Solution:
Let x = amount invested at 6% and
let y = amount invested at 2%.
We can set up some equations that describe x and y:
"$17,200 is invested total" means
x + y = $17,200
"The interest earned from the amount invested at 6% exceeds the interest earned from the amount invested at 2% by $441.00" means
0.06x = 0.02y + $441.00
Solve for x in the first equation to get x = 17,200 - y, then plug that into the second equation and solve for y:
0.05(17,200 - y) = 0.02y + 441.00
860 - 0.06y = 0.02y + 865.35
5.35 - 0.09y = 0.02y
154.80 = 0.11 y
1407 = y
So, $1407 was invested at 2%. Plug y = 1407 into the first equation and solve for x:
x + 1407 = 17,200
x = 15,793
So, $15,793 was invested at 6%.
Answer:
The return on shareholders' equity for 2018 is 22.2%
Explanation:
Return on Equity measures the Return earned by the owners investments in the company.
Return on Equity = Net Income / Total Shareholders Funds × 100
= 200,000 / 900,000 ×100
= 22.2%