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
Marta_Voda [28]
3 years ago
15

Ron and Amie invested $5,000 in an educational savings account for their daughter when she was born. They were unable to ever ad

d anything else to the account. What was the rate of return if they had $10,000 in the account after 12 years?
Business
1 answer:
galina1969 [7]3 years ago
4 0

Answer:

R=8.333%%

Explanation:

Given,Invested amount =   Principal=P=\$ 5000

Return amount =Amount=A=\$ 10000

Rate=R%%

Time=T=12years

Solution,

Simple interest=S.I=P\times R\times T/100

S.I=\$ 10000-\$ 5000

S.I=\$ 5000

5000=P\times R\times T/100

5000=5000\times R\times 12/100

5000\times 100/5000=R\times 12

R=100/12

R=8.333%%

You might be interested in
What is one thing the government does as it enforces consumer protection regulations
Papessa [141]
<span>tests products such as drugs and automobiles for safety</span>
4 0
3 years ago
Read 2 more answers
Advancements in medical technology often lead to new careers.<br><br> True<br> False
algol [13]
The answer should be A) True.
8 0
3 years ago
Read 2 more answers
Stiller Company, an 80% owned subsidiary of Leo Company, purchased land from Leo on March 1, 2017 for $75,000. The land original
Ierofanga [76]

Answer:

$15,000

Explanation:

In leo company books, the gain recognized would be $75,000 - $60,000 = $15,000 as they are selling the land $15,000 more than it initially cost them

7 0
3 years ago
Byron Corporation forecasts that its income will be $21,000 next year. The firm pays out 30 percent of earnings as dividends to
noname [10]

Answer:

RE break point = $24500

Explanation:

21,000 net income

30% OF Earnings as dividends

21,000 x 30% = 6,300 dividends

Retained Earnings (assuming no previous beginning value)

21,000 - 6,300 = 14,700

RE break point = 14,700/0.6 = 24500

What does the $24,500 mean?

This mean that the company can raise financing for this ammount without changing their capital structure (60% equity 40% debt)

If the company wants to finance for more, it will need to raise new shares or chance their capital structure, and therefore the WACC will change

8 0
3 years ago
A sole proprietor has ______ personal liability for all business debts and obligations.
andreev551 [17]

A sole proprietor has unlimited personal liability for all business debts and obligations.

<h3>Who is a sole proprietor?</h3>

A sole proprietor is the owner of a sole proprietorship. A sole proprietorship is a type of business that is owned by one person.

A sole proprietor and the business are regarded as a single person under the law. Thus, a sole proprietor has an unlimited liability. An unlimited liability means that in event of default, both the e property of the business and the sole proprietor can be seized.

To learn more about  sole proprietorship , please check: brainly.com/question/1428023

#SPJ1

4 0
1 year ago
Other questions:
  • It is appropriate to use the fixed assets turnover ratio to appraise firms' effectiveness in managing their fixed assets if and
    11·1 answer
  • You have been asked to calculate the break-even point for a new line of souvenir T-shirts. The selling price will be $25 per shi
    7·1 answer
  • International Toys (IT) manufactures toys in South Carolina and sells them to stores around the world. A customer in Europe is i
    15·1 answer
  • Debt that is callable by the creditor in the upcoming year, but is not expected to be called, is reported as
    13·1 answer
  • One car rental agency rents a mid dash size car at a daily rate of ​$36.95 plus 36 cents per mile. Another company rents a mid d
    12·1 answer
  • True or False<br><br> To start a corporation, you need to have a partnership agreement.
    8·1 answer
  • Without trade, the farmer produced and consumed 2 pounds of pork and 4 pounds of tomatoes and the rancher produced and consumed
    11·1 answer
  • What would the net value of a long straddle position be if the stock price at expiration is $35?
    6·1 answer
  • 5. Refer to the original data. By automating, the company could reduce variable expenses by $3 per unit. However, fixed expenses
    7·1 answer
  • How can manage my budget?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!