Answer: Option (b) is correct.
Explanation:
Given that,
Revenues = $300,000
Merchandise it purchased = $75,000
Salaries paid = $14,000
Owners invested = $23,000
Borrowed on a five-year note = $23,000
Interest paid = $3,000
Paid for a two-year insurance policy = $6,800
Income tax rate = 9%
Gross Margin = Revenues - Cost of Goods Sold
= $300,000 - $75,000
= $225,000
Profit before tax = Gross Margin - Salaries - Insurance payment - Interest
= $225,000 - 14,000 - 3,400 - 3,000
= $204,600
Net Income = Profit before tax - Tax at 9%
= $204,600 - 18,414
= $186,186
The population of the animals would decrease but more chicken wings and pizza would be everywhere which is great Bc who doesn’t like pizza and chicken wings
Answer: Quarterly
Explanation:
Annual interest rate = 4.00%
Effective annual rate = 4.08%
To know if the bank is compounding interest daily or quarterly goes thus:
Effective Annual rate can be calculated using:
= (1+Periodic rate)^number of compounding periods - 1
Therefore, we calculate the daily compounding effective annual rate which will be:
= (1+4%/365)^365 - 1
= (1 + 0.04365)^365 - 1
= 4.08%
For Quarterly EAR, this will be:
= (1+4%/4)^4 - 1
= (1 + 0.04/4)^4 - 1
= 4.06%
Therefore, the a bank is compounding interest Quarterly
The given options are all examples of fiscal policy enacted by government except d. lowering the interest rate.
<h3>What is fiscal policy?</h3>
Fiscal policy refers to actions by the government that are meant to improve or constrict economic activity.
They do so by either spending, reducing spending, or altering tax rates. Fiscal policy does not directly influence interest rates as this is done by monetary policy.
Find out more on fiscal policy at brainly.com/question/6583917.
Answer:
0.2 or 20%
Explanation:
The three possible outcomes, with respective probabilities and returns, as follows
Outcome 1: Probability (P) = 0.35, Return (R) = 0.20
Outcome 2: Probability = 0.25, Return = 0.36
Outcome 3: Probability = 0.40, Return = 0.10.
The expected return will be computed as follows.
Expected Return = 
= (0.35*0.20) + (0.25*0.36) + (0.40*0.10)
= 0.07 + 0.09 + 0.04
= 0.2
Therefore expected return = 0.2 or 20%
