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3 years ago

Given an interest of $11,900 at 6% for 50 days (ordinary interest) calculate the principal

1 answer:

5 0

I = Prt
I = (11900)(0.06)(0.14) = 99.96

50 days needs to be converted to years, so do 50/365 to get 0.14. That's your amount in years.

So, your interest is $99.96

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When thieves use your name and good credit rating to get cash or buy things, they are engaging in Multiple Choice credit mishand

liq [111]

When thieves use your name and good credit rating to get cash or buy things, they are engaging in identity theft.

Identity theft can be define as impersonating another person by making use of that person personal information as their own.

A person using Identity theft can use some else identity to steal from innocent people after stealing the personal details of the person such as the person name so as to obtain cash or to defraud.

Identity theft is bad as it can damage someone image or reputation as the identity thieve can use to commit various crime by pretending to be you.

Inconclusion when thieves use your name and good credit rating to get cash or buy things, they are engaging in identity theft.

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2 years ago

The table below lists the insurance options offered by AA Auto Insurance. Calculate the monthly payment for an insurance plan in

Gala2k [10]

The selection of the best answer from the choices provided for an insurance premium offered by the AA Auto Insurance is a. $50. 04.

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Thus, based on the options given, the best insurance premium is a. $50.04.

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8 0

2 years ago

Read 2 more answers

A legal firm would be considered a

Serjik [45]

A legal firm would be considered a service company because they provide legal services to clients and persons.

4 0

3 years ago

Read 2 more answers

The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Co

ale4655 [162]

Answer:

(a) the earnings per share = $3

(b) the price-earnings ratio = 8x

(d) the dividend yield = 1.04%

Explanation:

Common Stock Outstanding = 5,250,000/25 = 210,000 shares

Preferred Stock Outstanding = 6,000,000/200 = 30,000 shares

Preferred Stock Dividend per share = $4

(a) Earnings Per Share

EPS = Net Income - Preferred Dividend

Common Stock Outstanding

EPS = 750,000 - (30,000 * 4)

210,000

EPS = 630,000

210,000

EPS = $3

(b) Price-Earnings Ratio

Market Price = $24

EPS = $3

P/E ratio = Market Price

EPS

P/E ratio = 24/3

P/E ratio = 8x

(c) Dividends Per Share

DPS = Total Dividends

Common Stock Outstanding

DPS = 52,500/210,000

DPS = $0.25

(d) Dividend Yield

DY = Dividend Per Share

Price

DY = 0.25/24

DY = 1.04%

6 0

3 years ago

Assume US GAAP to answer this question. In 2017, $2 million in wages were earned and no cash wages were paid. In 2018, $8 millio

kari74 [83]

Answer: a. Liabilities increased by $1.0 million in 2018

Explanation:

In 2018, $9 million was used to settle the wage debt of 2017 and the remainder was used to settle the wages in 2018.

The money remaining in cash after the wage settlement was:

= 9,000,000 - 2,000,000 - 8,000,000

= -$1,000,000

This means that $1,000,000 of wages was not settled in 2018 which means that this would have to go to the Wages Payable account to signify that the company owes wages.

This account is a liability account so liabilities in 2018 would increase by $1,000,000.

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3 years ago