<h3>$ 3100 is invested at 11 % interest and $ 2800 is invested at 6 % interest</h3>
<em><u>Solution:</u></em>
Let x = the amount invested at 11%
Then, 5900 - x = the amount invested at 6%
The total annual return from the two investments is $ 509.00
Therefore,
11 % of x + 6 % of 5900 - x = 509
Thus, $ 3100 is invested at 11 % interest
5900 - x = 5900 - 3100 = 2800
Thus, $ 2800 is invested at 6 % interest
Answer:
Investment revenue = $91,000
Explanation:
the journal entry to record the dividends received would be:
Dr Cash 31,500
Cr Investment in Tetter Co. 31,500
the journal entry to record the reporting of the net income:
Dr Investment in Tetter Co. 91,000
Cr Investment revenue 91,000
When a company uses the equity method, any dividends received will decrease the carrying value of the investment, while any net income reported will be considered investment revenue.
I believe that Ariel will make first for her 40 hours for 5 days would be 40 x$11/hour = $440. Next, with her 9 hours of overtime that would be paid at $11x1.5= $16.50/hour or $16.50x9=$148.50. So her total pay would be $440+$148.50= $588.50.
Answer:
Opportunity cost
A trade-off
Explanation:
Opportunity cost measures the cost of a choice made in terms of the next best alternative foregone or sacrificed.
Trade-off arises where having more of one thing potentially results in having less of another.
The problems with monopoly's are that the quality of the product or service is low and the prices are higher because it one rate for the whole company in stead of different prices for different companys <span />