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zmey [24]
4 years ago
11

Damon convinced his aunt to lend him 2000 to purchase a plasma digital tv she has agreed to charge only 6 percnt simple interest

and he has agreed to repay the loan at the end of one year
How much interest will he pay for the year?
Business
1 answer:
AnnyKZ [126]4 years ago
7 0

Answer:

$120

Explanation:

In this question, we simply have to apply the simple interest formula which is shown below:

= Principal amount × rate of interest × time period

= $2,000 × 6% × 1 year

= $120

Simply we multiplied the principal amount with the interest rate and the time period so that the accurate amount can come.

So, $120 interest is paid for the year

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The Highfield Company is going through a five-year of fast growth at 20% initially, and then it will grow at a perpetual rate of
slava [35]

Answer:

P0 = $66.6429 rounded off to $66.64

Option c is the correct answer

Explanation:

Using the two stage growth model of dividend discount model, we can calculate the price of the stock today. The DDM values a stock based on the present value of the expected future dividends from the stock. The formula to calculate the price of the stock today is,

P0 = D0 * (1+g1) / (1+r)  +  D0 * (1+g1)^2 / (1+r)^2  +  ...  +  D0 * (1+g1)^n / (1+r)^n  +  [(D0 * (1+g1)^n * (1+g2) / (r - g2)) / (1+r)^n]

Where,

  • g1 is the initial growth rate
  • g2 is the constant growth rate
  • r is the required rate of return

P0 = 2* (1+0.2) / (1+0.1)  +  2 * (1+0.2)^2 / (1+0.1)^2  +  2 * (1+0.2)^3 / (1+0.1)^3  

+  2 * (1+0.2)^4 / (1+0.1)^4  +  2 * (1+0.2)^5 / (1+0.1)^5  +

[(2 * (1+0.2)^5 * (1+0.04)  /  (0.1 - 0.04)) / (1+0.1)^5]

P0 = $66.6429 rounded off to $66.64

7 0
3 years ago
Last year Lawn Corporation reported sales of $115,000 on its income statement. During the year, accounts receivable decreased by
julia-pushkina [17]

Answer:

$125,000

Explanation:

Particulars                                                     Amount

Sales revenue                                            $115,000

Add: Accounts receivable decrease        <u>$10,000</u>

Cash Receipt from customers                 <u>$125,000</u>

The sales revenue adjusted to a cash basis for the year is $125,000.

4 0
3 years ago
Hiromi congratulated her staff when the team received an industry award for their project, and also sent a companywide e-mail an
olga_2 [115]

Answer:

Reward power

Explanation:

Hiromi used reward power here the reward is "intangible reward". She praised and recognized the achievement of her staff team so the reward is intangible.

7 0
3 years ago
An investment earned the following returns over a four-year period: 28 percent, 21 percent, 1 percent, and -36 percent. What is
riadik2000 [5.3K]

Answer:

A) 0.0618

Explanation:

Variance is given by:

V = \frac{\sum(Xi - \mu)^2}{n}

Where 'Xi' is the value for each term 'i' in the sample of size 'n' and μ is the sample mean.

The mean investment return is:

\mu = \frac{0.28+0.21+0.01-0.36}{4} \\\mu = 0.035

The variance is:

V = \frac{\sum(Xi - \mu)^2}{n}\\V = \frac{(0.28- 0.035)^2+(0.21- 0.035)^2+(0.01- 0.035)^2+(-0.36- 0.035)^2}{4}\\V= 0.0618

The variance of the returns on this investment is A) 0.0618.

4 0
3 years ago
Sarai spends her day checking through boxes of built product to ensure accuracy in production. She makes sure there is enough pr
kondaur [170]
<h2>Quality controller or Quality Checker is the job title of Sarai.</h2>

Explanation:

The role of QC is

  • To check whether the product is delivered with the expected quality
  • To check for expectations and complaints from the customer
  • Look for new policy changes and compare that with the day today production.
  • Reads blue prints and specification of the product
  • Monitors operations
  • Inspects and test the product
  • Identify re-works and again continue the process of QC
  • Accept or reject the finished good
6 0
3 years ago
Read 2 more answers
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