All categories

3 years ago

3 Points

Business

1 answer:

leonid [27]3 years ago

7 0

Answer:

Explanation:

Annual percentage yield is a form of interest that a savings account earns on a deposit in a year ,expressed as a rate of the deposit.

To calculate the difference in the interest earned as per the question , the interest yield by the two accounts are calculated and the differences also worked out.

Annual percentage yield = 2.4 %

Annabel's account balance = 15,000

Annual yield = 2.4% * 15,000 = 360

Presley's account balance = 18,000

Annual yield = 2.4% * 18000 = 432.

Difference = 432 -360 = 70

You might be interested in

During 2020, Nash Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Nash for a lump s

LUCKY_DIMON [66]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

The manufacturer sells the chairs to Nash for a lump sum of $161,595.

Purchase:

Lounge chairs 1,080

Armchairs 810

Straight chairs 1,890

Sell:

Lounge chairs: 540 units at $90 =48600

Armchairs: 270 units at $80= 21600

Straight chairs: 324at $50= 16200

We need to determine the cost of sold goods. First, we will ponderate the lump sum cost for each type of chair.

Total units= 3780

Lounge= 1080/3780= 0.29

Armchairs= 810/3780= 0.21

Straight= 1890/3780= 0.5

Total cost= 161,595.

Lounge= 0.29* 161595= $46,862.55= $43.39

Armchairs= 0.21*161595= $33,934.95= $41.89

Straight= 0.5* 161595= $80,797.5= $42.75

Sales= $86400

COGS= (43.39*540) + (41.89*270) + (42.75*324)= 48,591.9

Gross profit= 37,808.1

Inventory= 161595 - 48491.9= %113,103.1

4 0

3 years ago

If the existing product is being sold to teenagers in one country and new entry involves selling the existing product to teenage

kap26 [50]

It is FALSE to assert that it is a new product use if an existing product is sold to teenagers in one country and a new entry involves sales to teenagers in a new country.

<h3>What is a new product use?</h3>

A new product use refers to the first usage of a new product by customers anywhere in the world. A new product is also new even to the company that sells it.

But if the company had acquired some selling experience about the product in one country, it is not a new product use when it sells the product in a new country.

Thus, it is FALSE to assert that it is a new product use if an existing product is sold to teenagers in one country and a new entry involves sales to teenagers in a new country.

Learn more about new products development at brainly.com/question/6786480

5 0

2 years ago

Rachel Robinson owns a small retail store in Cairo, Georgia. The following summary information regarding expectations for the mo

Andrei [34K]

Answer:

Check the explanation

Explanation:

January

Beginning Cash Balance $1,000

Add: Collection:

December Sale ($5,000*10%) $500

January Cash Sale $6,000

January Credit Sale ($4,000*90%) $3,600

Total Cash Available a $11,100

Cash payment to suppliers b $24,000

Cash deficit before financing a-b $-12,900

Add: Borrowing (Using permutation-comb.) $14,040

Less: Interest Payment $-140

$14,040*12%*1/12

Ending Cash Balance $1,000

3 0

3 years ago

Fixed costs of production in the short run rev: 06_26_2018 Multiple Choice are a function of the level of variable costs. are lo

pshichka [43]

Answer:

cannot be reduced by producing less output.

Explanation:

In the case of the fixed cost of production that lies in the short run does not decreased while generating the lower output as the fixed cost are considered to be the independent on the other hand the variable cost changes with the output. Moreover, the total cost could be divided into the fixed cost where the firm could incurred prior generating an output

So the above statement should be considered

5 0

3 years ago

Ferguson Corporation's budgeted sales for the upcoming quarter are $900,000. Its supporting budgets and schedules show a beginni

dlinn [17]

Answer:

1. $400,000

2. $140,000

3. $56,000

4. $84,000

Explanation:

1. Budgeted gross profit = Budgeted sales - Budgeted COG sold

where, Budgeted COG sold = $480,000 + $60,000 - $40,000 = $500,000

By putting the value, we get

Budgeted gross profit = $900,000 - $500,000

= $400,000

2. Budgeted income before taxes = Budgeted gross profit - selling and administrative expenses - interest expense

= $400,000 - $250,000 - $10,000

= $140,000

3. Budgeted income tax = Budgeted income before taxes × tax rate

= $140,000 × 40%

= $56,000

4. Budgeted net income = Budgeted income before taxes - Budgeted income tax

= $140,000 - $56,000

= $84,000

8 0

3 years ago