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Ratling [72]
3 years ago
9

If you put $700 in a savings account at an interest rate of 3 percent, how much money will you have in one year?

Business
1 answer:
Elanso [62]3 years ago
7 0

Answer:

$721

Explanation:

The computation of the future value is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years

                     = $700 × (1 + 0.03)^1

                     = $700 × 1.03

                     = $721

By applying the future value formula, we can get the value of money after considering the time period and the interest rate

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A sole proprietorship: Multiple Choice provides limited financial liability for its owner. involves significant legal costs duri
zalisa [80]

Answer:

Has its profits taxed as personal income

Explanation:

Sole proprietorship: The sole proprietorship is the person who is the single owner of a company. He is personally liable for all the acts which are held in the company. In this, there is no separate entity between the company and its members.

Moreover, during filling the return, the owner has to file a tax based on the profits on its personal income

Its owner choice to continue the business for longer period or for a shorter period. So, it does not has unlimited life, neither it have limited financial liability nor it involves significant legal costs during the formation process.

So, a sole proprietorship has its profits taxed as personal income.

5 0
3 years ago
A stock you own earned: $200, $500, $100, and $700 over the last four years. What was the mean annual gain in value over the fou
Sphinxa [80]

Answer:

$375

Explanation:

A stock you own earned: $200, $500, $100, and $700 over the last four years.

We need to find the annual gain in value over the four years. We know that,

Mean = sum of observations/total no. of observations

Put all the values,

M=\dfrac{200+500+100+700}{4}\\\\M=\$ 375

So, the required mean annual gain is equal to $375.

6 0
3 years ago
Suppose the economy goes from a point on its production possibilities frontier (PPF) to a point directly to the left of it. Assu
yanalaym [24]

Answer:

new law that interfaces with productive efficiency.

Explanation:

The Production possibility curve shows all the two combination of goods or services that can be produced in an economy given its resources and technology. Carrying out production on the production possibility curve is efficient. Carrying out production to the right of the production possibility curve or outside the curve is impossible. Carrying out production inside or to the left of the production possibility indicates inefficiency in production .

Technological improvement and a gain of resources shifts the curve outward.

A loss of resocurces pushes the curve inward.

I hope my answer helps you

4 0
3 years ago
The badys and their maid, alice, took a trip to hawaii for their summer vacation. the travel agent told ike bady that the trip w
irga5000 [103]
Let x be the number of children
Let y be the number of adults

Equation 1: x + y = 9
Equation 2: y = 9 - x

           210x + 315y = 2205
     210x + 315 (9-x) = 2205
210x + 2835 - 315x = 2205
            2835 - 2205 = 315x - 210x
                         630 = 105x
                  630/105 = 105x/105
                             6 = x

There are 6 numbers of children.

To get the y, use the Equation 2: y = 9 - 6 ---> y = 3
Therefore there are 3 adults on the trip.
6 0
3 years ago
Al, walks in off the street, says the grounds could use some sprucing up, and offers to do it for $8 an hour. Management gives h
Rufina [12.5K]

Answer:

<u>Option B</u> must pay him as an employee, withhold appropriate taxes and issue a W-2 at year end

Explanation: He is paid based on hours worked, and uses the company equipment thus is an employee who is controlled by an employer. The independent contractors buy their own supplies, provide their own equipment and paid based on tasks performed

4 0
3 years ago
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