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UNO [17]
3 years ago
15

William opened two investment accounts. The first​ year, these​ investments, which totaled ​$1800​, yielded ​$105 in simple inte

rest. Part of the money was invested at 6.5​% and the rest at 5​%. How much was invested at each​ rate?
Business
1 answer:
stellarik [79]3 years ago
6 0

Answer:

$1000 at a 6.5% rate

$800 at a 5% rate

Explanation:

Let X be the amount invested at a 6.5% rate and Y be the amount invested at a 5% rate.

X+Y = \$1800\\0.065X+0.05Y=\$105

Solving the linear system:

X+Y -20*(0.065X+0.05Y)= \$1800-(20*\$105)\\-0.3X=-\$300\\X=\$1000\\Y= \$1800-\$1000\\Y=\$800

$1000 were invested at a 6.5% rate and $800 at a 5% rate.

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natima [27]

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3 0
2 years ago
The journal entry to record employer payroll taxes owed affects ______.
weeeeeb [17]

Answer:

a) liabilities only

Explanation:

The journal entry to record the payroll tax expense is shown below:

Payroll tax expense A/c Dr

     To Social security tax payable A/c

     To Medicate tax payable A/c

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(Being the payroll tax expense is recorded)

The payroll tax expense is shown on the debit side of the income statement whereas payroll tax payable is shown on the liabilities side of the balance sheet

5 0
3 years ago
Which of the following are amortizable organizational expenditures? Group of answer choices Professional fees to issue the corpo
satela [25.4K]

Answer:

The answers are:

  • Professional fees to issue the corporation’s stock
  • Commissions paid by the corporation to underwriters for stock issue
  • Printing costs to issue the corporation’s stock

Explanation:

Organizational costs are the initial costs incurred when creating a company. They usually include legal and registration fees, promotions, and commissions paid.

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5 0
3 years ago
Which economic system has the most government control
Hatshy [7]
The answer you are looking for is a planned economy

4 0
2 years ago
A parent sold land costing $400,000 to its subsidiary for $450,000 in 2017. The subsidiary still holds the land at the end of 20
nadezda [96]

Answer:

correct option is a. Land

Explanation:

given data          

land costing =  $400,000        

subsidiary 2017 = $450,000      

land credit = $50,000        

                 

solution            

While when we consolidating  land that will  appear in the group asset at the amount of 450,000.  

so here the appreciation in the value of land is not  realized gain .

so that there will be  credit to land with 50,000

so correct option is a. Land

5 0
2 years ago
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