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4 years ago

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

Business

1 answer:

wel4 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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2 years ago

A frozen foods company changes an ingredient to meet a new government standard. This is an example of

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Following a federal regulation

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3 years ago

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At January 1, 2017, Hennein Company had plan assets of $280,000 and a projected benefit obligation of the same amount. During 20

Nezavi [6.7K]

Answer:

The Pension schedule is prepared in the workings as requested.

Explanation:

The question is to Prepare a Pension Worksheet for Hennein Company for 2017

HENNEIN COMPANY

PENSION WORKSHEET FOR 2017

General Journal Entry Memo Record

Item Pension Cash Pension Defined Plan

Expenses Asset/Liab Benefit Assets

Obligation

Jan 1, 2017 280,000 CR 280,000 Dr

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Actual return 25,000 CR 25,000 DR

Contributions 20,000 CR 20,000 DR

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Journal Entry 30,500 DR 20,000 CR 10,500 CR

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Note that the interest cost is as follows

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3 years ago

Locate the values of SSE, s2, and s on the printout below.

sasho [114]

Answer:

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Explanation:

Consider the following formulas:

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S^2: The variance is mathematically defined as the average of the squared differences from the mean

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4 years ago

If 5 Swiss francs trade for $1, the U.S. price level equals $1 per good, and the Swiss price level equals 2 francs per good, the

nordsb [41]

Answer:

0.4 swiss good(s) per U.S good(s)

Explanation:

firstly we calculate how many dollars we get per Frank so we will say $1/ 5 Swiss Franks =$0.2 which is similar to (5x =1, solve for x =1/5 / 0.2 in simple maths )per Swiss Franc thereafter we calculate the how many Swiss Francs per good compared to dollars per good we can get so therefore 2 Swiss Francs per good/$1 per good is the ratio of comparison , hence we treat f(X) as a function of swiss good(s) per U.S good, therefore f(X)= 2 x , knowing that x= 0.2 f(x)= 2(0.2) which will result in f(x)= 0.4.

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4 years ago

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