Answer:
Total amount at the end of 4 years = $135.16
Explanation:
A simple interest account pays interest on only the sum deposited at an annual rate for a specified period of time without compounding or adding the interest earned in a particular period in the calculation of interest earning for the next period. Thus, if 1000 is invested and interest s earned at 10% then the interest earned will remain constant for every period the money is still deposited in the account.
The formula to calculate interest under simple interest method is,
Interest = Principal * Annual Rate * Time in years
Total Interest earned = 109 * 6% * 4
Total interest earned = 26.16
Total amount at the end of 4 years = Principal + Interest
Total amount at the end of 4 years = 109 + 26.16
Total amount at the end of 4 years = $135.16
Answer: D
Explanation: Had this test before
Answer and Explanation:
The journal entry to record the Derr investment is shown below:
Cash Dr $1,800
Supplies Dr $3,800
Equipment Dr $5,800
Land Dr $8,800
To Account payable $5,300
To Notes payable $3,900
To Mr Derr capital $11,000
(Being the investment is recorded)
Here all assets are debited as it increased the assets and credited all liabilities as it also increased the liabilities
Answer:
The correct answer is (d)
Explanation:
There are two basic sides in the market, the consumers and the producers. In order to identify the combination of outputs that provide the same level of the utility indifference curve is used. On the other hand, in order to identify the combination of inputs which gives the same level of output is represented by isoquant. It represents a constant quantity of output
The stock price is $27.774.
The stock price can be determined using the Gordon constant dividend growth model. According to the model:
Stock price = DI / (r - g)
Where:
- D1 = dividend in the next period = 1 x ( 1.054) = 1.054
- r = required rate of return
- g = growth rate
1.054 / (9.2 - 5.4)
1.054 / 3.8
1.054 / 0.038
= $27.74
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