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Katarina [22]
3 years ago
6

Edwin Pritchard deposited 7,500 in a 3 - year, time - deposit account that pays simple interests at a 5.9% annual rate. What tot

al amount of interest will Edwins deposit earn in three years?
Business
1 answer:
NISA [10]3 years ago
7 0

Answer: Edwin's deposit will earn an interest of $1327.50

We determine the simple interest on an amount deposited with the following formula:

SI = P*N*R

where

SI = Simple Interest

P = Principal or the amount deposited

N = Number of years for which the deposit is made

R = annual rate of interest on the principal

Substituting the values from the question in the formula above we get,

SI = 7500 * 3 * 0.059

SI = 1327.50

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Match each of the following characteristics or scenarios with either the term negative externality or the term positive external
lawyer [7]

<u>Answer:</u> a. Negative externality  

b.Positive externality  

c.Positive externality  

d.Positive externality  

e.Negative externality

<u>Explanation:</u>

Positive externatility are the advantages which the people enjoy apart from the marketplace for which they do not pay any money. Negative externality means negative consequences faced by the people outside due to the activities of the firm.

A.In the scenarios given above when resource are over allocated the public resources are depleted and creates negative externality  .

B. Tammy's case by raising garden increases the value of the public property which is positive externality.

C.Market demand is low so prices are low it is positive externality..

D.When resource are under allocated the public resources are not depleted and creates positive externality  .

E. Water pollution affects public and creates negative externality  . .

3 0
3 years ago
Raymond owns an Accidental Death and Dismemberment Policy with a principal sum of $50,000, and a capital sum of $25,000. After o
schepotkina [342]

Answer:

He will get nothing from the Accidental Policy.

Explanation:

  • Raymond owns an Accidental policy but he Dies from Coronary artery disease. according to insurance companies policy, he will get nothing when he is dead by any means other than by accident.
  • Insurance companies have their own regulations and policy.
  • The insurance company is liable to pay for the incident for which the insurance is taken.

6 0
3 years ago
In a continuous review system, the inventory level for an item is constantly monitored, and when the reorder point is reached, a
Tasya [4]
<span>One variable is demand, which states that the inventory item of interest has a constant demand per period.

Demand is the insistent request of an item. When demand changes of a good or service, it changes the companies revenue because when the item is in high demand, they often sell a lot.  On the other hand, when an item is in low demand, they do not sell very much. </span>
6 0
3 years ago
A supplier of instrument gauge clusters uses a kanban system to control material flow. The gauge cluster housings are transporte
Inessa [10]

Answer: 2 kanban card sets will be needed.

Explanation: 20% of 10 gauges gives the safety inventory stock.

This will be 20/100 ×10=2

But 10 gauges are produced per hour out of which 2 will be kept as safety inventory stock, making it to be 10-2=8gauges per hour.

Number of kanban cards used for transporting gauges 8/5=1.6

1.6= 2to the nearest whole number.

3 0
3 years ago
Your company rents computers to local businesses and schools. You have 3,000 computers with a book value of $177,500. As a resul
pantera1 [17]

Answer:

The answer is $61,000

Explanation:

An impairment loss is recognized when the carrying amount of an asset is less than its fair value(prevailing market price).

The difference between the carrying value and fair value is written off. Carrying amount is the cost of acquiring an asset minus any subsequent depreciation and impairment charges.

Impairment Loss = Book Value – Market Value

Impairment Loss = $177,500 - $116,500

Impairment loss is $61,000

5 0
3 years ago
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