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pashok25 [27]
3 years ago
7

Which of the following statements about annuities are true? Check all that apply. An annuity due earns more interest than an ord

inary annuity of equal time. An annuity is a series of equal payments made at fixed intervals for a specified number of periods. Ordinary annuities make fixed payments at the beginning of each period for a certain time period. An annuity due is an annuity that makes a payment at the beginning of each period for a certain time period.
Business
2 answers:
ss7ja [257]3 years ago
4 0

Answer:

Explanation:A and b

svet-max [94.6K]3 years ago
4 0

Answer:

An Annuity Due is an annuity that makes a payment at the beginning of each period for a certain time period.

An Annuity is a series of equal payments made at fixed interval for a specific number of periods.

Explanation:

An annuity is a financial product taht pays a fxed rate to whoever buys it at a certain rate, they are often used as a steady income for people that is retired.

The annuity is basically a bond or an investment that you buy and invest your money in, depending on how much money you pay they will pay you a fixed rate over a certain period of time depending on how much time would you like to leave your money there and how much money would you like to have invested.

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Multiple intelligences are defined as
oksano4ka [1.4K]

Answer:

Multiple intelligences refers to a theory describing the different ways students learn and acquire information. These multiple intelligences range from the use of words, numbers, pictures and music, to the importance of social interactions, introspection, physical movement and being in tune with nature.

Explanation:

4 0
3 years ago
What would be the cost basis of a new machine with a purchase price of $109,000, with transportation costs of $12,000, installat
Feliz [49]

Answer:

$132,000

Explanation:

The purchase price of the new machine is $109,000

Transportstion cost is $12,000

Installation cost is $5000

Special acquisition fee is $6000

Therefore the cost basis can be calculated as follows

= $109,000 + 12,000 $5,000+ $6000

= $132,000

Hence the cost basis is $132,000

8 0
3 years ago
3M Co. reports beginning raw materials inventory of $902 million and ending raw materials inventory of $855 million. 3M purchase
Greeley [361]

Answer:

$3693 million

Explanation: The materials used in the primary stage of production is called

raw materials. These are the basic materials used for production.

.

Raw material used is the amount of raw materials consumed by the entity

in a specific period , generally a year .

.

Raw materials used = begining invetory + purchased inventory - ending invetory

therefore,

Raw materials used = $902 million + $3646 million - $855 million

                                  = $3693 million

5 0
3 years ago
The funds dispensed at the ATM machine located near the checkout line at the Kroger's in Union Kentucky, follows a normal probab
Neporo4naja [7]

Answer:

0.00914 ; 0.0062 ; 0.9847

Explanation:

Given the following :

Normal distribution :

Mean(m) = $4200

Standard deviation (sd) = 720

Amount VERY low = < 2500

Amount very high = > 6000

a. What percent of the days will the bank be notified because the amount dispensed is very low?

x < 2500

Finding the z-score :

Z = (x - mean) / standard deviation

Z = (2500 - 4200) / 720

Z = - 1700 / 720 = −2.361111

P(z < −2.361111)

Locating −2.361111 on the z- distribution table

-2.3 under 0.06 = 0.00914

P(z < −2.361111) = 0.00914

B) What percent of the time will the bank be notified because the amount is very high?

x > 6000

Finding the z-score :

Z = (x - mean) / standard deviation

Z = (6000 - 4200) / 720

Z = 1800 / 720 = 2.5

P(z > 2.5)

Locating 2.5 on the z- distribution table = 0.9938

P(z > 2.5) = 1 - 0.9938 = 0.0062

c. What percent of the time will the bank not be notified regarding the amount of funds being dispensed?

P(2500 < X < 6000)

P(2500 < X < 6000)

P(-2.36 < z < 0) + P(0 < z < 2.5)

= 0.4909 + 0.4938

= 0.9847

7 0
3 years ago
If cash is borrowed on a $57,600, 11-month, 10% note on August 1, how much interest expense would be incurred by December 31? $e
MatroZZZ [7]

Answer:

1. $2,400

2. $2,120

3. $17,808

Explanation:

1. The computation of the interest expense is shown below:

= Total amount borrowed × interest rate × number of months ÷ total months in a year

= $57,600 × 10% × 5 months ÷ 12 months

= $2,400

The five months is calculated from August 1 to December 31

2. The computation of the sales taxes payable is shown below":

= Sales tax × sale tax rate ÷ 100 +  sale tax rate

= $44,520 × 5% ÷ 105%

= $2,120

3. The computation of the amount of subscription revenue recognized is shown below:

= Total advance collected × number of months ÷ given months

= $44,520 × 2 months ÷ 5 months

= $17,808

The two months is calculated from November 1 to December 31

8 0
3 years ago
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