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algol [13]
3 years ago
6

3. If the interest rate at the bank for a savings account is 0.03%, how much money would you need to leave in the account for on

e year in order to earn $10 in interest?
Business
1 answer:
yuradex [85]3 years ago
7 0
The amount of interest that is incurred by depositing a certain amount is calculated through the equation,
                                  I = P x r
where I is the interest, P is the principal, and r is the decimal equivalent of the given rate. Substituting the known values,
                                 10 = P x (0.03/100)
The value of P from the equation is 33,333.33. Thus, an amount of $33,333.33 should be deposit to earn $10. 
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Answer:The Pet Company has recently discovered a type of rock which, when crushed, is extremely absorbent. It is expected that the firm will experience (beginning now) an unusually high growth rate (20%) during the period (3 years) when it has exclusive rights to the property where this rock can be found. However, beginning with the fourth year the firm's competition will have access to the material, and from that time on the firm will assume a normal growth rate of 8% annually. During the rapid growth period, the firm's dividend payout ratio will be relatively low (20%), to conserve funds for reinvestment. However, the decrease in growth will be accompanied by an increase in dividend payout to 50%. Last year's earnings were $2.00 per share (E0) and the firm's cost of equity is 10%. What should be the current price of the common stock?

Explanation:

5 0
3 years ago
why do many blame high administrative costs as a main contributor to the high cost of healthcare in the us?
Sergio [31]

The bloated Medicare and Medicaid bureaucracy is highly inefficient.

What is bureaucracy?

A complex organization with multilayered systems and procedures is called bureaucracy. Effectively implemented systems and procedures slow down decision-making. They are intended to uphold control and homogeneity inside the company. The use of rules and procedures, whether verbal or written, to manage an organization is known as bureaucracy. In Weber's view, the ideal bureaucracy has a division of labor, a distinct hierarchy, many rules and regulations, and impersonal relations. Bureaucracies that many individuals frequently interact with include state bureaus of motor vehicles, health maintenance organizations (HMOs), financial lending institutions including savings and loans, and insurance firms.

To learn more about bureaucracy click on the given link:

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1 year ago
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5 0
2 years ago
On January 1, 2018, Wellburn Corporation leased an asset from Tabitha Company. The asset originally cost Tabitha $450,000. The l
nlexa [21]

Answer:

Cash                                     $33,000  

     To Deferred rent revenue        $33,000  

(Being cash is recorded)

Explanation:

The Journal entry is shown below:-

January 1, 2018

Cash                                     $33,000  

     To Deferred rent revenue        $33,000  

(Being cash is recorded)

For recording the Tabitha record on January 1, 2018, we simply debited the amount of cash and credited the deferred revenue as the payment is received.

7 0
3 years ago
Fuhremann Co. is a full-service manufacturer of surveillance equipment. Customers can purchase any combination of equipment, ins
Eddi Din [679]

Answer:

Equipment transaction price is $72,000

Installation transaction price $5,600

Training transaction price is $2,400

Explanation:

The transaction price of $80,000 should be allocated to the equipment,installation and training based on the individual stand-alone prices of each as calculated below:

Transaction price of an item=transaction price*item stand-alone price/total of stand-alone prices

transaction price is $80,000

total stand-alone prices=$90,000+$7000+$3000

                                      =$100,000

Equipment transaction price=$80,000*$90,000/$100,000

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Installation transaction price=$80,000*$7000/$100.000

                                               =$5,600

Training transaction price=$80,000*$3000/$100,000

                                          =$2,400

8 0
3 years ago
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