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Marat540 [252]
3 years ago
13

Seth invested $20,000 in Series EE savings bonds on April 1. By December 31, the published redemption value of the bonds had inc

reased to $20,700. How much interest income will Seth report from the savings bonds in the current year absent any special election?
Business
1 answer:
11Alexandr11 [23.1K]3 years ago
6 0

Answer:

700 for interest

Explanation:

You might be interested in
A library shelving system has a fi rst cost of $20,000 and a useful life of 10 years. The annual maintenance is expected to be $
Debora [2.8K]

Answer:

The benefit cost ratio is 1.564

Explanation:

The benefit-cost ratio is the ratio of the present value of benefits to the present value of costs. It is thus calculated as follows.

Benefit-cost ratio = Present value of benefits / Present value of costs

Present value of costs = $20,000 + $2,500 (P/A, 10%, 10 years)

                                     = $20,000 + $15,361

                                     = $35,361

Present value of benefits = $9,000 (P/A, 10%, 10 years)

                                          = $9,000 x 6.145

                                          = $55,305

Benefit-cost ratio = $55,305 / $35,361

                             = 1.564

3 0
2 years ago
The Amos Ball Printing Company was established in 1866. Currently, Amos Ball V is the CEO and chairman of the board. The company
-BARSIC- [3]

Answer:

A

Explanation:

As it is already mentioned that both businesses are different from each other, therefore, managing these two different business by having a one organizational structure will lead to confusion as in the case of question.

When two different business merge together this is called conglomerate integration.

Business merge together in order to enjoy the benefit of the term 'synergy' that means the whole is greater than sum of its parts. That bring definitely some advantages for the merged businesses.

But that too have disadvantages when the merged businesses failed to get benefits of the concept of synergy. That is, large businesses are difficult to manage, two different businesses require different set of management, and strategies.

3 0
2 years ago
You and your college roommate eat three packages of Ramen noodles each week. After graduation last month, both of you were hired
inn [45]

Answer:

The answer to this question is b. Yours will be positive and your roommate's would be negative.

Explanation:

Income elasticity of demand is the degree of responsiveness of demand to changes in income. In other words, it measures how changes in income of consumers will affect the quantity of commodities demanded by such consumers.

An income elasticity of demand can be positive or negative.

It is positive, when an increase in income leads to an increase in the quantity demanded by the customer. However it is referred to as negative when an increase in income leads to decrease in the quantity demanded by the consumer.    

In  the question above, it can be seen that the increase in income of the first person brought about increase in the commodity demanded thereby making his income elasticity of demand positive. one the other hand, the increase in the income of his roommate, brought about decrease in his demand which translate to the fact that his income elasticity of demand would be negative.

Hence the answer given.

4 0
3 years ago
Current expenditure is money spent on goods and services consumed within:
Fiesta28 [93]

Answer:

A) one year

Explanation:

As the name implies, current expenditure is an accounting term used to classify the total cost incurred on an item presently (or currently) within one year.

For example, It would be out of place to classify the projected cost of renting a facility in the next three years as a current expenditure if payment would be made in the future.

5 0
3 years ago
Which of the following statements about budgeting is false? Multiple Choice Budgets create standards for performance evaluation.
Mars2501 [29]

Answer:

The master budget should only be prepared by top management.

Explanation:

A budget is an estimation of the amount of money that a person or business plans to spend on activities within a given period.

Budgeting creates efficiency in spending and reduces waste.

It is an activity that should be carried out by all relevant staff. This is because the staff know where they need to spend money.

It top management independently make a budget, it may not meet some pressing needs of the staff.

7 0
3 years ago
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