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valina [46]
3 years ago
5

Bob has saved $285 each month for the last 6 years to make a down payment on a house. The account earned an interest rate of .37

percent per month. How much money is in Bob's account?
Business
1 answer:
SashulF [63]3 years ago
5 0

Answer:

$26000

Explanation:

Bob deposit $285 into a bank account earning 0.39% simple interest per month.

The interest on this money for the 6 year period will first be obtained and then added to the total amount Bob deposited during this period.

Bob deposited a total of 285×72=$20500 (72 is obtained by converting 6 years to months i.e. 6×12)

The interest during this period =p×r×t

Where p=$285 (amount Bob saves per month)

r=.39/100 or 0.039 intrest rate earned per month

t=6 years or 72 months

Interes accred for 6 years= 285×0.039×72=$80

Total amount Bob will have at the end of 6 years =80+20520=$26000

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Aleksandr [31]

Answer: C. 13%

Explanation:

Return on Investment is the percentage received from the investment over the amount spent.

= Operating income / Average invested capital

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= 13%

7 0
3 years ago
Green Co. paid $28,400 in dividends and $29,571 in interest over the past year. During the year, net working capital increased f
inn [45]

If Green Co. paid $28,400 in dividends and $29,571 in interest over the past year. During the year, net working capital increased from $13,986 to $18,719.  During the year, the company issued $25,500 in new equity and paid off $21,700 in long-term debt. What the company's cash flow from assets will be is: $48,371

First step is to calculate the cash flow to creditor  

Cash flow to creditors   = $21,700 + $29,571  

Cash flow to creditors   = $51,271

 

Second step is to calculate the cash flow to Stockholders

Cash flow to Stockholders =$28,400 - $25,500  

Cash flow to Stockholders =$2,900

Now let determine the cash flow from assets using this formula

Cash flow from assets = Cash flow to creditors + Cash flow to stockholders

Let plug in the formula  

Cash flow from assets = $51,271 + $2,900  

Cash flow from assets = $48,371

Inconclusion if Green Co. paid $28,400 in dividends and $29,571 in interest over the past year. During the year, net working capital increased from $13,986 to $18,719.  During the year, the company issued $25,500 in new equity and paid off $21,700 in long-term debt. What the company's cash flow from assets will be is: $48,371

Learn more here:

brainly.com/question/11009567

6 0
2 years ago
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Brrunno [24]

A sale consists of the passing of the<u> title of goods</u> from the seller to the buyer for a price.

A price is the amount of payment or compensation (usually non-negative) that one party gives to another party in exchange for goods or services. In some cases, the production price is given another name.

If the product is a commercial "commodity", the payment for that product may be referred to as the "price". However, if the product is a "service", the product may have other names.

For example, the following graph shows several situations The price of a commodity is affected by the cost of production, the supply of the desired item, and the demand for the product. Prices are either set by the monopoly or imposed on the company by market conditions.

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8 0
2 years ago
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daser333 [38]

Explanation:

1. percentage of a consumer's budget

7 0
3 years ago
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Anna71 [15]

Answer:

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The reasons behind this answer are that in the first place, the company does own the hardware or office equipment the employee uses to send the e-mails. Also, they own the time because they have the arrangement to acquire the employees' time and skills to develop certain tasks. Furthermore, the company's also own the software they paid for. However, web browsers are free to use and they don't require licenses to be used. Therefore, web browsers are not copay's resources.

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