The work and/or assignments performed by employees are referred to as skills. True False

Alan Jackson invests $20,000 at 8% annual interest, leaving the money invested without withdrawing any of the interest for 8 yea

kondaur [170]

Answer:

a. $32,800

b. $37,019

c. $37,460

Explanation:

a. The computation of Total Amount Withdrawn by Alan when simple interest is shown below:-

Accumulated amount of money = Invested amount + (Rate of interest × Number of years)

= $20,000 + ($20,000 × 8% × 8)

= $32,800

b. The computation of Total Amount Withdrawn by Alan when annually Compounded is shown below:-

Accumulated amount of money = Invested amount × (1 + rate of interest)^Number of years

= $20,000 × (1 + 0.08)^8

= $20,000 × 1.85093

= $37,019

c. The computation of Total Amount Withdrawn by Alan when semi annually Compounded is shown below:-

Accumulated amount of money = Invested amount × (1 + rate of interest × Number of years ÷ 200)^16)

= ($20,000 × (1 + 0.08 × 8 ÷ 200)^16)

= $20,000 × 1.87298

= $37,460

Therefore we have applied the above formulas.

5 0

4 years ago

The outstanding capital stock of Novak Corporation consists of 1,800 shares of $100 par value, 7% preferred, and 5,100 shares of

Alborosie

Solution :

Preferred Common

Non cumulative and non Participative 12,600 67,400

Cumulative and non participative 37800 42200

Cumulative and participative 47876 32124

Current Stock Out Standing

Common stock at the rate 50 5100 shares 255000

Preferred stock 7% at the rate 100 1800 shares 180000

Cumulative the annual dividend on the preferred stock

Preferred stock dividend (180000 x 7%) 12600

Dividend Arrears to preferred stock (12600 x 2) 25200

Non cumulative and non participative

Preferred Common Total

Current year 12600 12600

Arrears 0 0

Common stock 67400 67400

Total dividend 12600 67400 80000

Cumulative and non participative

Preferred Common Total

Current year 12600 12600

Arrears 25200 25200

Common stock 42200 42200

Total dividend 37800 42200 80000

Cumulative and participative

Preferred Common Total

Current year 12600 12600

Arrears 25200 25200

Common stock (255000 x 7%) 17850 17850

Balance dividend pro data 10076 14274 24350

Total dividend 47876 32124 80000

Working notes :

Amount for the participation = 80000-(12600+25200+17850) = 24350

Rate of participation = $\frac{24350}{(255000+180000)}$ = 5.5977%

Participating dividend:

Preferred stock = 18000 x 5.5977% = 10076

Common stock = 255000 x 5.5977% = 14274

Total participating dividend = 24350

7 0

3 years ago

Which layer communicates with the physical hardware and is responsible for the delivery of signals from the source to the destin

otez555 [7]

The physical hardware and is responsible for the delivery of signals from the source to the destination over a physical communication platform is the data link. The data link allows the layer to communicate in a way that helps everything fall into place.

5 0

3 years ago

In the context of organization development techniques, coaching and counseling: a. focus exclusively on increasing productivity.

Karo-lina-s [1.5K]

Answer:

A

Explanation:

5 0

3 years ago

A British firm may need dollars to pay for U.S. imports. It can work with banks in London to exchange pounds for dollars to make

Rzqust [24]

Answer:

The correct answer is Spot market.

Explanation:

The spot market or spot market is one in which both the transaction and the settlement of an operation coincide on the same date. Although it is considered cash market when delivery occurs up to a maximum of 2 days later.

In spot markets, transactions are usually settled within a day or two after the date of purchase / sale. This is what is understood as a settlement in D + 1 or D + 2. The transactions are also closed at the current price on the asset in question that exists at the time of the transaction. This is one of the main differences between the cash market and the futures market.

7 0

3 years ago