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Lostsunrise [7]
3 years ago
10

2. If the interest rate on a savings account is 0.018%, approximately how much money do you need to keep in this account for 1 y

ear to earn enough interest to cover a single $9.99 Below-Minimum-Balance Fee?
Business
1 answer:
MA_775_DIABLO [31]3 years ago
7 0

The interest from an investment is calculated through the equation,

    I = P x i

Where I is the interest, P is the principal amount and i is the interest rate.

   P = I / i

Substituting the known values,

   P = ($9.99) / (0.018/100) = $55,500

The answer to this item is therefore approximately $55,500. 

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On January 1, 2017, Hage Corporation granted incentive stock options to purchase 25,000 of its common shares at $9 each. The opt
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Answer:

$211,750

Explanation:

The computation of diluted earnings per share for the quarter is shown below:-

Particulars                                                    Shares

Proceeds from exercise of options a          $225,000

(25,000 × $9)

Used to repurchase of common stock b     $18,750

( $225,000 ÷ $12)

Number of shares if option is exercised c   $25,500

Less: Shares assume repurchased d           $18,750

Potential Diluted common shares (e = c-d)  $6,750

Add: Number of common f                             205,000

Number of shares diluted earning per share $211,750

(e + f)

Therefore the Number of shares diluted earning per share is $211,750

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3 years ago
2 students are considering operating a fruit smoothie stand during their summer break. this is an alternative to summer employme
kotegsom [21]
<span>The accounting cost of running the smoothing stand for the summer is $13,135.90. To find this, we must first figure out which numbers given in the problem are relevant. Since we are dealing with accounting cost (and not economic cost), we know that we can ignore the opportunity cost ($2865 in foregone wages). We also can ignore the price of the smoothies since we do not need to compute revenue in order to determine accounting cost. Thus, the relevant numbers are $8130 for the lease, $2239 for insurance, the per unit cost of $2.3, and the total quantity of 1203. To find the accounting cost, we simply need to add our fixed costs and our variable costs. The fixed costs are given as $8130 and $2239. FC=8130+2239=$10369. Our variable cost, VC=2.3q, and we are told q=1203. Thus VC=2.3(1203)=$2766.90. To find our Total accounting costs, simply add fixed costs plus variable costs. FC+VC=2766.90+10369=$13135.90.</span>
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Answer:

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Explanation:

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