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

Will feckless unexpectedly inherits $10,000 from a rich uncle. he is observed to consume fewer hamburgers than he used to.

daser333 [38]

<span>This would show that Will does not have a homothetic preference for hamburgers. Such preferences are shown to not be effected by income or scale, and since Will has changed his eating preferences based upon this new source of income, such a description would not fit this good.</span>

3 0

3 years ago

A flood destroyed a company’s warehouse contents on September 12. The following information was the only information that was sa

anygoal [31]

The estimated cost of lost inventory = $4552.1

Explanation:

The cost of lost inventory = inventory,begining+purchases of the period-((1-avg gross profit ratio)(sales for the period-returns for the period))

The cost of lost inventory=$29900+$18900-((1-0.21)($56900-$890))

=$48800-((0.79)(56010))

=$48800-(44247.9)

=$4552.1

The estimated cost of lost inventory is $4552.1

6 0

4 years ago

15) You are

Bingel [31]

Answer:

Only going to dept for things you really need and have planned for

6 0

2 years ago

A company is considering replacing its air conditioner. Management has narrowed the choices to alternatives that offer comparabl

Naya [18.7K]

Answer:

The benefit cost ratio of alternative 2 is 1.34

Explanation:

Initial cost $7000 $9000

Annual savings $1500 $1900

Salvage value $500 -$1250

Life 15 years 15 years

First, we calculate the present worth of Alternative 1 and 2, taking salvage value as a decrease in cost

For alternative 1

B1 = Benefits = ($1500)(P/A, 8%, 15) = ($1500)(8.5595) = $12,839

C1 = Cost = $7,000 – ($500)(P/F, 8%,15) = $7,000 – ($500)(0.3152) = $6842

Ratio of Benefit to Cost = Benefit/Cost = $12,839/$6842 = 1.88

For alternative 2

B2 = Benefits = ($1900)(P/A, 8%,15) = ($1900)(8.5595) = $16,263

C2 = Cost = $9000 + ($1250)(P/F,8%,15) = $9000 + ($1250)(0.3152) = $9394

Ratio of Benefit to Cost = Benefit/Cost = $16,263/$9394 = 1.73

Both alternatives can't be compared directly unless we perform incremental analysis on both.

Incremental Analysis =. (B2 – B1)/(C2 –C1) = ($16,263- $12,839)/ ($9394 - $6842) = 1.34

Incremental Analysis is greater than 1, so alternative 2 is better than alternative 1

4 0

3 years ago

Rent and maintenance expenses would most likely be allocated based on: Select one: a. Sales volume by department. b. Square feet

erik [133]

Answer: B. Square feet of floor space occupied.

Explanation: Rent is usually charged and allotted based on the size of the space occupied,a bigger work space will be enough to occupy more raw materials, machines,offices,finished goods and other things.

The maintenance cost of using a bigger space will most likely be higher than a smaller work space, bigger work space requires more lightening,more ventilation etc which will definitely increase the amount allotted or spent in servicing and carrying our maintenance on this electrical items.

3 0

3 years ago