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3 years ago

Find the interest due on $700 at 10.5% for 90 days.. 19.11. 18.38

1 answer:

8 0

To answer the question, I assume that the given interest is annual and simple interest. The interest acquired by the investment in simple interest is given by the equation,
I = P x i x n
where I is interest, P is present worth, i is rate and n is number of interest period. Assuming that a year is 360 days,
I = ($700) x (0.105) x (90/360)
The answer is 18.375. Therefore, the interest due is approximately equal to $18.38.

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Precision Camera Services started the year with total assets of $120,000 and total liabilities of $40,000. The company is a so

eimsori [14]

Answer:

$125,000

Explanation:

Opening values of;

Total assets = $120,000

Total liabilities = $40,000

Total equity = $120,000 - $40,000 = $80,000

During the year,

Total revenues = $140,000

Total expenses = $50,000

Withdrawal by owner = $45,000

The amount withdrawn by the owner reduces the owners equity. This may be deducted from the net income.

Net income from the year = $140,000 - $50,000 - $45,000

= $45,000

This will be added to the opening owner's equity to get the closing owner's equity.

Owner's equity at the end of the year = $80,000 + $45,000

= $125,000

3 0

3 years ago

Ethan considered three important attributes when deciding where he would do his banking: the convenience of the location, hours

sineoko [7]

Answer:

c. evaluative criteria 

Explanation:

Evaluative criteria are when a consumer chooses a different product because of factors like value, cost, and functionality from the one they initially had in mind.

It could take a little while for certain consumers to study and explore different goods before they purchase.

While some, just before they purchase, can make the decision automatically.

4 0

3 years ago

A strategy that is preferred by an individual regardless of an opponent's decision is called:

djverab [1.8K]

A strategy that is preferred by an individual regardless of an opponent's decision is called: dominant strategy. regardless of what any other players do, the strategy earns a player a larger payoff than any other. If one strategy is dominant, than all others are dominated.

5 0

3 years ago

Two brothers each open IRAs in 2009 and plan to invest $3,000 per year for the next 30 years. John makes his first deposit on Ja

Goryan [66]

Answer:

Future value of John's investment

FV = A(1+r)n+1 - (1+r)

Fv = $3,000((1 + 0.07)30+1 - (1 +0.07))

0.07

FV = $3,000((1.07)31 - (1.07)

0.07

FV = $3,000 x 101.0730414

FV = $303,219

Future value of Bill's investment

FV = A((1 + r)n - 1)

FV = $3,000 ((1 + 0.07)30 - 1)

0.07

FV = $3,000((1.07)30 - 1)

0.07

FV = $3,000 x 94.46078632

FV = $283,382

The difference in the value of IRAs

= $303,219 - $283,382

= $19,837

The correct answer is A

Explanation:

In the first case, we need to apply future value of annuity due formula since deposits are made at the beginning of each year.

In the second case, we need to apply future value of an ordinary annuity formula since deposits are made at the end of each year.

6 0

3 years ago

If D0 = $2.00, g (which is constant) = 6%, and P0 = $40, what is the stock's expected dividend yield for the coming year?

Ne4ueva [31]

666, but to be honest I don’t understand what you are trying to say but yup

5 0

3 years ago