Answer:
4%
Explanation:
Solution:
Calculation for the the implied interest rate the investor will earn on the security
Using this formula
Future value = Present Value (1+r)^t
Where,
Future value =$7,300
present value = $6,000
t= period = 5 years
r= interest implied = ??
Let plug in the formula
Future value = Present Value (1+r)^t
$7,300 = $6,000 (1+ r)^5
1+ r = ($7,300/$6,000 )^(1/5)
1+ r = 1.216666666^(1/5)
1+ r = 1.04
r= 1.04-1
r= 0.04*100
r= 4%
Therefore the implied interest rate the investor will earn on the security will be 4%
<span>Mike will earn $2,400,000 for the year. Social security withholds 6.2% which equals $148,800, though Social security has a maximum base amount of $118,500. So the total amount withheld for Social Security will be $118,500. Medicare withholds 1.45% which equals $34,800. So the total amount withheld for Medicare will be $34,800. The total withheld from both Social Security and Medicare would be $153,300.</span>
Answer:
The correct answer is:
$80,500 (b.)
Explanation:
First of all, not that total anticipated October sales is the same thing as projected October sales. Therefore, this sale is calculated as follows:
Projected sales = 7,000
unit price = $11.50 per unit
Therefore
Price for 7,000 units = 11.5 × 7,000 = $80,500
Answer:
The correct answer is the letter a. Standardized services are more efficient and cost less than personalized services.
Explanation:
The personalized services are those provided according to the characteristics of each person, that is, we seek to individualize the service to meet customer needs. Standardized services refer to services provided equally to all customers, not seeking individualization. In this respect, standardized services are more efficient and cost less, as the individual cost of service does not change, leading to lower costs as the quantity of services sold increases.
Answer:
Yes it is legal.
Explanation:
Escrow accounts are account in which funds are accumulated for specific disbursements. According to my research on the different requirements and limits on escrow accounts, I can say that based on the information provided within the question what Ron is trying to do is completely legal. This is because there is no legal limit on the number of escrow accounts a broker can have.
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