All categories

3 years ago

The amount of interest is determined by multiplying the amount in savings by the:

1 answer:

3 0

The answer is b. Annual interest rate and the time period.
Here's the explanation to my answer:
=> The amount of interest is being determined by multiplying the amount in savings and the interest will be able to solve depends on the period of time it is saved within the year.

You might be interested in

Damien Carranza is a nonexempt employee of Verdant Enterprises where he is a salesperson, earning a base annual salary of $31,75

Allushta [10]

Answer:

Damien Carranza

Gross pay = $1.494.17

Explanation:

a) Data and Calculations:

Base annual salary = $31,750

Weekly base hours = 40 hours

We assume that there are 52 weeks in a calendar year.

Hourly rate = $31,750/(52 weeks * 40 hours) = $15.26442 per hour

Overtime worked = 4 hours

Overtime rate = 4 * $31,750/2,080 * 1.5 = $91.59

Weekly base pay = 40 * $31,750/2,080 = 610.58

Commission = $26,400 * 3% = 792.00

Gross pay = $1,494.17

b) Since Damien is a non-exempt employee, he is entitled to earn the federal minimum wage and qualify for overtime pay. This is calculated as one-and-a-half times his hourly rate, for every hour worked above and beyond the standard 40-hour workweek. The gross pay is Damien's total earnings throughout the week before deductions for mandated taxes, health insurance, retirement, and Medicare contributions are made.

7 0

3 years ago

Trident Office is considering remodeling the office building it leases to Robert Roberts, CPA. The remodeling costs are estimate

mezya [45]

Answer:

$59,309

Explanation:

Years Cash flow PV Factor at 10% Present value of cash flows

0 225,000 1.00000 225,000

1 75,000 0.90909 68,182

2 75,000 0.82645 61,983

3 75,000 0.75131 56,349

4 75,000 0.68301 51,226

5 75,000 0.62092 <u>46,569</u>

Benefit of remodeling project <u>$59,309</u>

Note: Year 0 PV factor = 1/(1+10%)^0 = 1

4 0

3 years ago

Use the following information for Exercises 8-9 below. (Static)[The following information applies to the questions displayed bel

Ipatiy [6.2K]

Answer:

The requirements are missing, so I looked for similar questions. You should make any necessary adjusting entries on the accounting equation. Since there is not enough room here, I used an excel spreadsheet.

Download pdf

6 0

3 years ago

On January 15, Walton Company sold merchandise on account for $3,000 with terms 3/10, n/30. On January 20, the customer returns

Margaret [11]

Answer:

The amount received in cash is $2,328

Explanation:

The amount which is received in cash is computed as:

On January 20, the amount of $600 goods returns from customer, so the remaining balance is

= $3,000 - $600

= $2,400

On the remaining balance, the discount which is evaluated as the payment is received within the discount period which is January 25. So,

= $2,400 x (100% - 3%)

= $ 2,400 x 97%

= $ 2,328

7 0

3 years ago

7. Which of the following is NOT a function of money * 3 points A Unit of account B Store of value C Protection against inflatio

Nuetrik [128]

Answer:

C Protection against inflation

Explanation:

As we know that there are three functions of money i.e.

1. Unit of account

2. Store of value

3. Medium of exchange

There is only 3 functions of money that are shown above

So the protection against inflation would not be considered for the same

And, these 3 would represent the functions of money and can be treated as the unit of account, store of value and the medium of exchange

Hence, the option c is correct

5 0

3 years ago