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4 years ago

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if the APY of the savings account is 1.8% and if the principal of the savings account was $2,200 for an entire year what will th

e balance of the savings account be after all the interest is paid for the year

1 answer:

zalisa [80]4 years ago

7 0

2596.balance for year

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As a long-term investment at the beginning of the 2018 fiscal year, Florists International purchased 30% of Nursery Supplies Inc

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3 years ago

Why do brands with a large market share spend proportionally less on advertising compared to brands with a small market share? D

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3 years ago

Miller Stores has an overall beta of 1.38 and a cost of equity of 12.7 percent for the company overall. The firm is all-equity f

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Answer:

MILLER STORES

Ke = Rf + β(Market risk premium)

12.7 = Rf + 1.38(7.4)

12.7 = Rf + 10.212

Rf = 12.7 - 10.212

Rf = 2.488%

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Ke = Rf + β(Risk premium)

Ke = 2.488 + 1.52(7.4)

Ke = 2.488 + 11.248

Ke = 13.74%

Explanation:

First and foremost, we need to calculate risk-free rate using the data relating to Miller Stores. In this case, the cost of equity, beta and market risk premium of Miller Stores were provided with the exception of risk-free rate. Then, we will make risk-free rate the subject of the formula.

We also need to calculate the cost of capital of division A, which is risk-free rate plus beta multiplied by the market risk-premium.

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4 years ago

Exercise 6-1A Calculate cost of goods sold (LO6-2) Russell Retail Group begins the year with inventory of $55,000 and ends the y

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Answer:

COGS= $920,000

Explanation:

Giving the following information:

Beginning inventory= $55,000

Ending inventory= $45,000

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<u>To calculate the cost of goods sold (COGS), we need to use the following formula:</u>

COGS= beginning finished inventory + cost of goods purchased - ending finished inventory

COGS= 55,000 + 910,000 - 45,000

COGS= $920,000

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3 years ago

Julian, the owner of a t-shirt shop, attended an entrepreneurship workshop that 6) discussed the triple bottom line, which measu

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Answer:

D) social, environmental, and financial

Explanation:

The triple bottom line is an accounting framework that recommends that companies should not only focus on maximising profit but they should focus on social and environment concerns.

I hope my answer helps you

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3 years ago