1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
charle [14.2K]
3 years ago
6

A man has $34,000 to invest. He invests some of the money at 5% and the balance at 4%. His total annual interest income is $1545

. Find the amount invested at each rate
Business
1 answer:
notka56 [123]3 years ago
7 0

Answer:

Amount invested @ 5% = $18,500

Amount invested @ 4% = $34,000 - $18,500 = $15,500

Explanation:

Provided we have the following details,

Total investment = $34,000

Let amount invested @ 5% = x

Then, amount invested at 4% = $34,000 - x

Thus, (x \times 0.05) + (($34,000 - x) \times 0.04) = $1,545

0.05x + $1,360 - 0.04x = $1,545

0.01x = $1,545 - $1,360 = $185

x = $185/0.01 = $18,500

Thus, amount invested @ 5% = $18,500

Amount invested @ 4% = $34,000 - $18,500 = $15,500

You might be interested in
A narrow market focus is to a differentiation-based strategy as a __________________. technological innovation is to a cost-base
olganol [36]

Answer: possible options:

A.growth market is to a differentiation-based strategy

B. broadly-defined target market is to a cost leadership strategy

C. growth market is to a cost-based strategy

D. technological innovation is to cost-based strategy

Answer is B

Explanation:

Companies that use a cost leadership strategy and those that use a differentiation strategy share one important characteristic: both groups try to be attractive to customers in general. These efforts to appeal to a broad range of consumers can be contrasted with strategies that involve targeting a relatively narrow niche of potential customers. These latter strategies are known as focus strategies (Porter, 1980).

Focused cost leadership is the first of two focus strategies. A focused cost leadership strategy requires competing based on price to target a NARROW MARKET. A firm that follows this strategy does not necessarily charge the lowest prices in the industry. Instead, it charges low prices relative to other firms that compete within the target market. For example, you might be able to buy milk cheaper by driving to a big-box grocery store in your local community or town, but the local corner store is the cheapest within walking distance. Redbox, a major DVD rental company, uses vending machines placed outside grocery stores and other retail outlets to rent DVDs of movies for $1. There are ways to view movies even cheaper, such as through the flat-fee streaming video subscriptions offered by Netflix. But among firms that rent actual DVDs, Redbox offers unparalleled levels of low price and high convenience.

8 0
3 years ago
Which type of light is primarily used as a light source in stores?
gregori [183]

Answer:

artificial light

Explanation:

Most stores, no matter the type of the merchandise they sell, use artificial light. Although natural light (sun) is always present, it is not enough to cater to the lighting needs of a business.

They need to showcase their goods in the best manner possible. Due to common building constraints, natural light is never enough, as some corners of the shop will remain shaded.

Businesses use LED or other sorts of artificial lighting in order to make the shopping experience pleasant.

3 0
3 years ago
Read 2 more answers
You have recently graduated from college with an MBA. Upon graduation, you start working for Roosevelt Power Plant. The boss, Mr
kvv77 [185]

Explanation:

Honesty in the workplace:

  • Honesty can give good reputation
  • Will stay focused on the work and the environment
  • Will keep commitments and thus increase productivity
  • It will increase the sense of responsibility to achieve success at higher rates
  • Increases mutual respect and thus gives good collaboration

Positive work environment:

  • Employee feel safe
  • Ability to achieve one's best
  • Gains greater energy to contribute
  • Provides an happy environment
  • Yields positive result from both individual and team work

These these factors will help Mr. Jones to understand that fraud will be prevented and detected.

3 0
3 years ago
During the first month of operations ended August 31, Kodiak Fridgeration Company manufactured 46,000 mini refrigerators, of whi
notsponge [240]

Answer:

                                                                     $

Sales                                                       8,800,000

Less: Cost of goods sold (W1)               5,241,739.13

Contribution                                          3,558,260.87

Less: Fixed manufacturing cost               598,000

Less: Fixed selling and admin cost          320,000

Net Income                                            2,640,260.87

<em>(W1) Cost of goods sold</em>

Direct Material                                  3,450,000

Direct Labour                                    1,196,000

Variable manufacturing cost              782,000

Variable selling cost                            600,000

Total variable cost                            6,028,000

Less:closing inventory                     786,260.87 (6,028,000/46,000*6,000)

COST OF GOODS SOLD                  5,241,739.13

8 0
3 years ago
Explain what the implications are to the Canadian economy if the brain drain is not stopped? Within the implications, consider t
Alinara [238K]

Answer:

Low tax collection, low working population

Explanation:

Brain drain is a condition where a country loses its population through migration. Generally, this happens with the low developing countries, because people try to search for jobs in developed countries. Canada will lose tax revenue collection and low working population as a result of the brain drain. Government is the most important stakeholder which will be affected by brain drain apart from that; hospitals and industrial units will be affected by the brain drain.

6 0
3 years ago
Other questions:
  • Todd Enterprises is preparing a cash budget for the second quarter of the coming year. The following data have been forecasted:
    5·1 answer
  • The person who receives financial protection from a life insurance plan is called a: AInsured BBeneficiary CGiver DPayer
    8·1 answer
  • Navarro, Inc., issued $250,000 of eight percent, 20‑year bonds at 98 on June 30, 2012. Interest is payable semiannually on Decem
    6·1 answer
  • A company had a beginning balance in retained earnings of $45,000. It had net income of $8,000 and paid out cash dividends of $6
    9·1 answer
  • You have just received an offer in the mail from Friendly Loans. The company is offering to loan you $4,500 with low monthly pay
    14·1 answer
  • Question 1 ____ is the process of moving the organization toward its vision.
    8·1 answer
  • Fly-By-Night Couriers is analyzing the possible acquisition of Flash-in-the-Pan Restaurants. Neither firm has debt. The forecast
    10·1 answer
  • Tips for Successful LinkedIn Prospecting?
    10·1 answer
  • A bank customer borrows X at an annual effective rate of 12.5% and makes level payments at the end of each year for n years.(whi
    14·1 answer
  • Blue Ice Inc. is an American corporation. The company started out as a partnership between Nick Selver and Rita Andrew in 1985.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!