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Mice21 [21]
3 years ago
12

Suppose you buy a CD for $750 that earns 4% APR and is compounded quarterly. The CD matures in 3 years. Assume that if funds are

withdrawn before the CD matures, the early withdrawal fee is 3 months' interest. What is the early withdrawal fee on this account
Business
2 answers:
Alex3 years ago
3 0
The answer i got for this question is $7.50
yulyashka [42]3 years ago
3 0

Answer:

$7.5

Explanation:

The computation of the early withdrawal fee on this account is shown below:

= CD buying price × annual percentage rate × number of months for withdrawal fee

= $750 × 4% × 3 months ÷ 12 months

= $7.5

Simply we multiplied the buying price of CD with the annual percentage rate and the number of given months for withdrawal fee so that the exact fee amount can come.

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Where a hirer exercises his option to purchase the goods; he must tender to the owner
Rudiy27

Hello, Don't worry! I will try to answer as best as I can and as fast as I can. Sorry if I am wrong. I am still learning. Hope you get this correct.

The perfect tender principle is the right of the consumer that says that goods that are bought must conform to the product description in quantity,quality and usage.It must also be delivered at an agreed time between the buyer and seller.If the goods fail to meet this requirement,the buyer has the legal right to reject the goods.

Hope this helps you!

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8 0
2 years ago
An llc is formed when a general partnership files a statement of qualification with the appropriate state official. true or Fals
vova2212 [387]

Answer:

True

Explanation:

A LLC, or Limited Liability Company is a company that providesliability protection to those that form it, and is formed when a group of persons file articles of organization which are also known as certificate of corporation, and they have to file those documents in the secretary of state´s corporation bureau.

4 0
3 years ago
Read 2 more answers
Uptown Men's Wear has accounts payable of $2,214, inventory of $7,950, cash of $1,263, fixed assets of $8,400, accounts receivab
Jlenok [28]

Answer:

The value of the net working capital to total assets ratio is 0.5067≅0.51

Explanation:

Given Data:

Accounts payable =$2,214

Inventory= $7,950

Cash=$1,263

Fixed Asset=$8,400

Accounts receivable=$3,907

Long-term debt=$4,200

Required:

The value of the net working capital to total assets ratio=?

Solution:

Net working Capital=Inventory+Cash+Accounts receivable-Accounts payable

Net working Capital= $7,950+$1,263+$3,907-$2,214

Net working Capital= $10,906.

Total assets=Inventory+Cash+Accounts receivable+ Fixed assets

Total assets= $7,950+$1,263+$3,907+$8,400

Total assets=$21,520

Ratio=\frac{Net\ working\ Capital}{Total\ assets}

Ratio=\frac{\$10,906}{\$21,520} \\Ratio=0.5067

The value of the net working capital to total assets ratio is 0.5067≅0.51.

6 0
3 years ago
Angela is a project manager who leads a curriculum project. She is creating an outline of what each team member needs to complet
USPshnik [31]

Answer:

Planning

Explanation:

Project planning refers to all you do to set up a successful project. It's the process you're going through to set the steps needed to define your project goals, clarify the scope of what needs to be done and develop the task list to do that.

6 0
3 years ago
Read 2 more answers
Pina Inc. has outstanding 10,500 shares of $10 par value common stock. On July 1, 2020, Pina reacquired 104 shares at $87 per sh
umka2103 [35]

Answer:

Please see explanation

Explanation:

The following journal entries shall be recorded by the Pina Inc in its accounts for the transactions mentioned in the question:

July 1, 2020                                     Debit                  Credit

Treasury shares                               $9,048

(104*87)

Bank                                                                              $9,048

(Reacquiring of 104 shares at $87 per share)

September 1, 2020                                     Debit                  Credit

Bank                                                            $5,670

(63*90)

Treasury shares                                                                       $5,481

(63*87)      

Paid in capital                                                                           $189                

(5,670-3,567                                                                            

(Reissuing of 63 shares at $90 per share)

November 1, 2020                                     Debit                  Credit

Bank                                                            $3,403

(41*83)

Paid in capital                                             $164

(3,567-3,403)

Treasury shares                                                                       $3,567

(41*87)      

(Reissuing of 41 shares at $83 per share)

8 0
4 years ago
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