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erastovalidia [21]
3 years ago
11

A mother earned ​$ 18750.00 18750.00 from royalties on her cookbook. She set aside​ 20% of this for a down payment on a new home

. The balance will be used for her​ son's future education. She invests a portion of the money in a bank certificate of deposit​ (CD account) that earns​ 4% and the remainder in a savings bond that earns​ 7%. If the total interest earned after one year is ​$ 900.00 900.00​, how much money was invested at each​ rate? How much money was invested in the CD​ account? ​$ nothing ​(Round to the nearest​ cent.)
Business
1 answer:
BARSIC [14]3 years ago
3 0

Answer:

a) $ 5000, $ 10000 b) $ 5000

Explanation:

The royalties money = $18750

She set aside 20% for new home  which = 0.2 × 18750 = $ 3750

Amount remaining = 18750 - 3750 = $15000

She invested a sum in a bank certificate of deposit

let the amount invested in bank certificate = y

profit from the investment in the bank = 0.04y

second investment amount = 15000 - y

profit of investment = 0.07 ( 15000 - y)

sum of the two profit  = 0.04y + 0.07 (15000 - y) = total profit = $ 900

0.04y + 0.07 (15000 - y) = 900

open the bracket and rearrange the equation

0.04y + 1050 - 0.07y = 900

0.04y - 0.07y = 900 - 1050

-0.03y = -150

divide both side by -0.03

y = -150 / -0.03 = $ 5000

The amount of money invest at 4% is $5000

The amount of money invested at 7% = 15000 - 5000 = $10000

The amount of money invested in CD account = $ 5000

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Answer: There is no fiscal policy action that can keep the inflation and unemployment stable.

Explanation:

If there is a negative real shock such as an oil crisis, it will be hard fir the affected economy to adjust and be stable.

A negative real shock will lead to a reduction in growth and a rise in inflation. Even in cases whereby there is an increase in the money supply, this will lead to a rise in real growth but the result will be that there will be an higher inflation

Therefore, there is no fiscal policy action that can keep the inflation and unemployment stable.

8 0
3 years ago
The high-low method calculates the total fixed cost as the: Group of answer choices
MaRussiya [10]

Answer:

c. difference between total variable costs and total costs at a particular activity level

Explanation:

The high low method consists of calculating costs on the basis of highest & lowest activity & comparing their corresponding total costs.

Variable cost per unit is found by : change in cost divided by the change in activity level for two points

Variable Cost per unit = <u>Highest activity cost - Lowest activity cost </u>

                                      Highest activity units - lowest activity units

Fixed Cost is thereafter calculated by subtracting Total Variable Costs from Total Cost

Fixed Cost = Highest Activity Total Cost - [ (Variable cost per unit) x (highest activity units)

Fixed Cost = Lowest Activity Cost - [ (Variable cost per unit) x (lowest activity units)]

4 0
2 years ago
"Expected Return Ecolap Inc. (ECL) recently paid a $0.46 dividend. The dividend is expected to grow at a 14.5 percent rate. At a
skad [1K]

Answer:

  • <u>15.7%</u>

Explanation:

The <em>price</em> of a <em>stock</em> can be modeled by the present value of the stream of future <em>dividends</em> discounted at a rate equal to the<em> return expected</em>.

The equation, when the dividends are expected to <em>grow</em> at a constant rate, less than the return rate is:

        Price_0=\dfrac{Div_1}{r-g}

Where:

  • Price₀ is the <em>current price</em>: $44.12
  • Div₁ is the <em>dividend </em>to be paid a year from now: $0.46 × 1.145 = $0.53
  • g is the expected constant <em>growth rate</em>: 14.5% = 0.145
  • r is the <em>expected return</em>

Then, you can solve for r:

      r=\dfrac{Div_1}{Price_0}+g

        r=\dfrac{\$ 0.53}{\$ 44.12}+0.145=0.157=15.7\%

4 0
2 years ago
It is standard procedure to reject a job offer during the interview so you do not waste the time of the interviewer.
vivado [14]

Answer:

False.

Explanation:

In an interview for a job, there is no specific rule to be followed that an interviewee must follow. An interview is a perfect time to get to know more about the company's needs and also to advertise yourself.

But in case the job is no something that you like, then you must call the interviewer back and thank them for their time and also tell them the reason for the job rejection. Moreover, it is unethical to abruptly decline any job offer. Also, rejecting a job during the interview is not a standard procedure, for it will only make you seem more unethical and disrespectful.

Therefore, <u>it is not true that rejecting a job on the spot during an interview is a standard procedure.</u>

6 0
3 years ago
Blue Corporation has a deficit in accumulated E &amp; P of $300,000 and has current E &amp; P of $225,000. On July 1, Blue distr
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Answer:

<em>Sam's dividend income is $225,000 and has a reduction of stock basis of $27,500</em>

<em>Explanation:</em>

<em>From the example ,</em>

<em>Given that,</em>

<em>Sam stock is =$52.500</em>

<em>Blue corporation has deficit  in accumulated E and P which is =$300,000</em>

<em>Blue corporation has current  E and P of = $225,000</em>

<em>Blue distributes $250,000 to its shareholder on July 1st</em>

<em>Therefore,</em>

<em>Blue corporation has a current E & P of $225,000, to an extent, Sam has a taxable dividend. The remaining $25,000 reduces his basis stock.</em>

<em>Sam has an income dividend of $225,000 and reduces his stock basis to $27,500.</em>

6 0
3 years ago
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