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Elden [556K]
3 years ago
5

You have $65 in your savings account at the beginning of a month. The bank pays you

Business
1 answer:
wel3 years ago
3 0

Answer:

$0.15

Explanation:

Interest is calculated using the formula below.

I = P x i x t

where I = interest

P= principal amount.

i=interest rate

t=time

Interest is given as an annual percentage. A 2.75 % interest will translate to 2.75/100 divided by 12 monthly interest. Therefore, the applicable interest rate is 0.00229 %

interest for the month will be

i=$65 x 0.00229 x 1

=$0.14895

=$0.15

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Baker’s Financial Planners purchased seven new computers for $970 each. It received a 20% discount because it purchased more tha
yawa3891 [41]

Answer:

Check:  5,269.04

Explanation:

We will multiply each computer by the list price. Then, apply the order discount of 20%. Finally the invoice discount of 3% for payment within 10 days

7 computer x 970 dollars each = 6,790

20% Discount for quantity:

6,790 x 20%                                  (1,358)

                   Invoice nominal:        5,432

discount within the first 10 days:

5,432 x 3%                                       (162.96)

        final amount:                       5,269.04

4 0
3 years ago
Parker Corp. owns 80% of Smith Inc.'s common stock. During Year 1, Parker sold Smith $250,000 of inventory on the same terms as
IrinaVladis [17]

Answer:

c. $500,000

Explanation:

Given that :

Parker Corp. owns 80% of Smith Inc.'s common stock

During Year 1, Parker sold Smith $250,000 of inventory

Therefore; adjusted for inter Corp. sales = $250,000

The following information pertains to Smith and Parker's sales for Year 1:

                         Parker                     Smith

Sales                 $ 1,000,000            $ 700,000

Cost of Sales    $400,000                $ 350,000

Total                   $ 600,000              $ 350,000

For the Unadjusted Cost of Sales of Parker and Smith = $400,000+$ 350,000

= $750,000

The amount that Parker should report as cost of sales in its Year 1 consolidated income statement = Unadjusted Cost of Sales - adjusted for inter Corp. sales

= $750,000 -  $250,000

= $500,000

7 0
3 years ago
On January 2, 2020, Coronado Industries began construction of a new citrus processing plant. The automated plant was finished an
Svetllana [295]

Answer:

$157,300

Explanation:

The computation of the interest capitalized is as follows:

= Accumulated expenditure × rate of interest

= ($610,000 × 12 months ÷ 12 months) + ($1,800,000 × 4 months ÷ 12 months) + 0 × 13%

= ($610,000 + $600,000) × 13%

= $1,210,000 × 13%

= $157,300

8 0
2 years ago
Why does saturn have the coldest surface temp?
tatuchka [14]

Answer:

distance from the Sun

Explanation:

because of Saturn's tilt, the southern and northern hemispheres are heated differently, causing seasonal temperature variation.

6 0
2 years ago
Read 2 more answers
I am reporting Brainlypatrol, bro stop
nlexa [21]

Answer:

Ohhh I see you okay :) You do you man

8 0
2 years ago
Read 2 more answers
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