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aleksandrvk [35]
3 years ago
10

Pat invested a total of $3,000. Part of the money was invested in a money market account that paid 10 percent simple annual inte

rest, and the remainder of the money was invested in a fund that paid 8 percent simple annual interest. If the interest earned at the end of the first year from these investments was $256, how much did Pat invest at 10 percent and how much at 8 percent?
Business
1 answer:
Nana76 [90]3 years ago
8 0

Answer:

how much did Pat invest at 10 percent and how much at 8 percent?

2200 10%

 800  8%

Explanation:

I=C*%I*T

I=C1*0,08*1+C2*0,10*1

3000=C1+C2

C1=3000-C2

256=(3000-C2)*0,08+C2*0,10

256=240-0,08C2+O,10C2

16=0,02C2

C2=800

C1=2200

I=2200*0,1= 176

I=800*0,08=80

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Employee Resources Management (ERM)

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Employee Resources Management (ERM), modules makes use of Customer Relationship Management tools to attend to matters relating to employees' such as employee retention and performance..

4 0
3 years ago
Adair Valley issued $20,000,000 of general obligation bonds to construct a multipurpose arena. These bonds will be serviced by a
Arlecino [84]

Answer: Please see explanation column for answer.

Explanation:

a) Journal entry to record the budget

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Estimated   Revenues         $2,500,000

Appropriation                                                        $2,000,000

Budget fund                                                           $500,000

Calculation    

Budget fund= Estimated Revenues-Appropriation   = $2,500,000- $2,000,000= $500,000

b) Journal entry to record the  the expenditure when the interest comes due for payment.

Account                                           Debit                     Credit

Expenditure Interest              $2,000,000

Matured Interest payable                                            $2,000,000

7 0
3 years ago
Inspection costs at one of Ratulowski Corporation's factories are listed below: Units Produced Inspection Costs April 906 $ 16,3
-Dominant- [34]

Answer:

$7,816.9943

Explanation:

Using the high-low method;variable cost per unit=[Total cost at highest level-Total cost at lowest level]/(Highest level-Lowest level)

= $16,700 - $15,850 / 951 - 860

= $850 / 91

= $9.340659340659341

= $9.3407

Hence, total fixed cost = $16,700 - ($9.3407*951) = $16,700 - $8,883.0057 = $7,816.9943

7 0
2 years ago
The following data relate to direct labor costs for August: actual costs for 5,500 hours at $24.00 per hour and standard costs f
Marianna [84]

Answer: c. $1,650 unfavorable

Explanation:

The direct labor rate variance shows the difference between the cost of direct labor that the company thought it would incur vs what it actually incurs for the period.

Formula is:

Direct labor rate variance = Actual cost of direct labor - Standard cost of actual hours of direct labor

= Actual hours * (Actual cost - Standard cost)

= 5,500 * (24 - 23.70)

= $1,650 unfavorable

Unfavorable because the actual cost incurred was more than the cost anticipated.

7 0
2 years ago
Cleftell Inc., a coal mining company in the United States, is the only supplier of coal in its area. The company is backed by th
Katarina [22]

Answer:

Oligopoly

Explanation:

Oligopoly - it is referred to as a marketing structure in which there are few suppliers in the market and every supplier has its own unique function and unique control over the market.

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3 0
3 years ago
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