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Sloan [31]
2 years ago
6

Jeremy had a starting balance of $122.00 in his savings passbook. He made these transactions: Deposits of $68.52 and $46.35; Wit

hdrawals of $95.00 and $20.50; Interest $1.50. What is his final balance?
Business
2 answers:
Marizza181 [45]2 years ago
5 0

Answer:

Final balance                                         $ 123.87

Explanation:

Opening balance                                                      $ 122.00

Deposits made                            $ 68.52

                                                    <u>$  46.35</u>

Total deposits                                                           $ 114.87

Withdrawals made                      $ 95.00

                                                    <u>$ 20.50</u>

Total withdrawals                                                      <u>$(115.50)</u>                                                                            

Adjusted balance                                                       $ 121.37

Interest                                                                        <u>$    1.50</u>      

Final balance                                                             $ 123.87            

Alenkasestr [34]2 years ago
4 0

Answer:

$122.87

Explanation

Final balance = initial balance + deposits + interest - Withdrawals

Therefore,

Given that

Initial balance = 122.00

Deposit = 68.52 + 46.35 = 114.87

Interest = 1.50

Withdrawals = 95.00 + 20.50 = 115.50

Thus,

Final balance = 122.00 + 114.87 + 1.50 - 115.50

= 238.37 - 115.50

= 122.87

Final balance = $122.87

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If the government decided that each family needs a minimum income of $25,000 and promised to make up the difference between what
Amiraneli [1.4K]

Answer:

d. All of the above are correct.

Explanation:

In the case when the government decided that each kind of family required atleast income i.e. $25,000 so it would decrease the work incentive for earning till to $25,000 also it should be taxed by the government. In addition to this, in the case when the workers are discouraged so they miss on the job training and limits their capability for improving out their skills

So as per the given scenario, the option d is correct

7 0
3 years ago
Patch management watches for the release of new updates from vendors, tests the patches, obtains approval, and then oversees the
aleksandr82 [10.1K]

Answer:

TRUE

Explanation:

It is true that Patch management watches for the release of new updates from vendors, tests the patches, obtains approval, and then oversees the deployment and implementation of updates across the production environment.

Patch management can be defined as the process that helps acquire, test and install multiple patches (code changes) on existing applications and software tools on a computer, <u>enabling systems to stay updated </u>on existing patches and determining which patches are the appropriate ones.

A patch is a <u>set of changes to a computer program or its supporting data designed to update</u>, fix, or improve it; hence improving the functionality

3 0
3 years ago
You own one call option with an exercise price of $30 on Nadia stock. This stock is currently selling for $27.80 a share but is
Shalnov [3]

Answer: 0.755

Explanation:

From the information given, the current per share value of the option if it expires in one year will be calculated as follows:

Firstly, we calculate the present value which will be:

= $28 / ( 1 + 0.05 )

= $28/1.05

= $26.667

The number of options needed will be:

= ( 34 - 28 )/ ( 4-0)

= 6/4

= 1.5

Therefore,

27.80 = (1.5 x Co) + [28 / (1+0.05)]

27.80 = 1.5Co + (28/1.05)

27.80 = 1.5Co + 26.667

1.5Co = 28.0 - 26.667

1.5Co = 1.1333

Co = 0.755

Therefore, the answer is 0.755

5 0
2 years ago
g On June 30, the value of the account is 157.50. On December 31, the value of the account is X. Using the time weighted method,
irga5000 [103]

Answer:

236.23

Explanation:

The computation of X is shown below:-

As per the time-weighted method

The 6-month yield

= (40 ÷ 50) × (80 ÷ 60) × (157.50 ÷ 160) - 1

= 5%

Annual equivalent = (1.05)^2 - 1

= 10.25%

1 - year yield = (40 ÷ 50) × (80 ÷ 60) × (175 ÷ 160) × (X ÷ 250) - 1

= 0.1025

X(0.004667) = 1.1025

X = 236.23

Therefore on December 31st the value of account of X = 236.25

4 0
3 years ago
Trago Company manufactures a single product and has a JIT policy that ending inventory must equal 20% of the next month's sales.
Colt1911 [192]

Answer:

The number of units that would appear in June's production budget are 297000 units.

Explanation:

The production in June will contain 80% units that relates to June's budgeted sales and 20% units that relate to July's budgeted sales. Thus, the number of units that are to be produced in June are:

June's Production = 0.8 * 295000 + 0.2 * 305000 = 297000 units

Thus, in June, 297000 units will be produced.

3 0
3 years ago
Read 2 more answers
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