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777dan777 [17]
3 years ago
10

our individuals form a business and create a contract to divide the profits equally among the four. Gary invests $11,000, Neil i

nvests $4,000, Jill invests $5,000, and Steve invests $8,000. The profits at the end of the year are $5,600. How much less does Gary receive than if the profits were divided in relation to the amount invested by each owner?
Business
1 answer:
Sedbober [7]3 years ago
6 0

Answer:

$800

Explanation:

The computation is shown below:

First we have to determine the total amount invested that is shown below:

= $11,000 + $4,000 + $5,000 + $8,000

= $28,000

And, the profit is $5,600

So, the percentage is

= $5,600 ÷ $28,000

= 0.2

Now the Gary share is

= $11,000 × 0.2

= $2,200

And, each share in profit

= $5,600 ÷ 4

= $1,400

Now the final amount is

= $2,200 - $1,400

= $800

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<h3>What is aided recall?</h3>

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2 years ago
If the required reserve ratio is 10%, actual reserves are $10 million, and currency in circulation is equal to $20 million, M1 w
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Answer:

The correct answer is E

Explanation:

M1, M2 and M3 are the terms which measure the money supply of United States, referred to as money aggregates.

The formula for computing the M1 is as:

M1 = coins as well as currency in circulation + checkable or demand deposit + traveler checks

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8 0
3 years ago
A banker's acceptance A. is a draft drawn on a bank and paid by that bank when presented to it. B. may be accepted by the bank f
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Answer: Option (D) is correct.

Explanation:

A banker's acceptance is an instrument that represents the promised payment by the bank in the future. This payment is accepted as a time draft by the bank and is to be drawn on a particular deposit. This draft is having all the information that is related to the future payment amount, date of the payment and the party to which the payment to be made. This acceptance can also be traded until the date of maturity.

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A local school administrator observes an increase in the number of flu cases in the public schools over the last two years. She
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Mariott Condominium, located near San Diego, California, plans to renovate its main building. The project will begin April 1, an
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Answer:

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because

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