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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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One advantage of free trade is: Group of answer choices advanced production operations are built in low-wage countries. innovati
marshall27 [118]

Answer:

Innovation for new products occurs which keeps firms competitively challenged

Explanation:

Free trade can be regarded as a

theoretical policy , that governments use when there is no imposition of

tariffs/taxes, as well as duties on imports as well as exports.

free trade can be regarded as the opposite of protectionism. It should be noted that One advantage of free trade is Innovation for new products occurs which keeps firms competitively

7 0
2 years ago
Tom transfers a building that originally cost $40,000 to Paul Corp. in exchange for 100% of the corporation's stock. the adjuste
Korolek [52]

Answer:

Gain recognized by Tom is $10000

So option (b) will be correct answer

Explanation :

We have given liability on bulding assumed by Paul Corp = $30,000

Tom's adjusted basis in the building = $20,000

Since the liability assumed by Paul Corp on the building is greater than Tom's adjusted basis, Tom must recognize gain equal to the difference between the liability on the building and his adjusted basis.

So gain recognized by Tom = $30,000 - $20,000 = $10,000

4 0
3 years ago
Calculate percent change if the original value of your stock was $25 and the new value of your stock $30
crimeas [40]

Answer:

Percentage Change | Increase and Decrease

First: work out the difference (increase) between the two numbers you are comparing.

Increase = New Number - Original Number.

Then: divide the increase by the original number and multiply the answer by 100.

% increase = Increase ÷ Original Number × 100.

Explanation:

thats how you find out how to calculate percentage change in value

hope it helps

6 0
2 years ago
Read 2 more answers
on January 1, 2017, anodel, Inc. acquired a machine for 1,010,000. the estimated useful life of the asset is five years. residua
Licemer1 [7]

Answer:

Annual depreciation= $189,600

Explanation:

Giving the following information:

On January 1, 2017, anodel, Inc. acquired a machine for 1,010,000. the estimated useful life of the asset is five years. residual value at the end of five years is estimated to be 62000.

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (1,010,000 - 62,000)/5= $189,600

6 0
3 years ago
Dali Company has 15,000 shares of stock authorized on January 1. Dali issues 4,500 shares to the stockholders during the year an
olga2289 [7]

Answer:

3,000

Explanation:

Data provided in the question:

Number of shares authorized = 15,000

Number if shares issued = 4,500

Number of shares repurchased = 1,500

Now,

Total shares outstanding =  Shares issued - Shares repurchased

or

Total shares outstanding = 4500 - 1,500

or

Total shares outstanding = 3,000

Hence,

3,000 shares are outstanding at December 31

4 0
3 years ago
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