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Blizzard [7]
4 years ago
9

brian earned $14,000 last spring giving swimming lessons. He invested part of the money at 5% simple interest & the rest at

3%. In one year, he earned a total of $570 interest. How much did he invest at each rate?
Business
1 answer:
brilliants [131]4 years ago
4 0

Answer:

A = 7500

B = 6500

Explanation:

we buid the equation:

A + B = 14,000

then: B = 14,000 - A

interest formula:

A x (0.05 x 1) + (14,000-A) x ( 0.03 x 1) =  570

(0.05A -0.03)A + 420 = 570

A = (570 - 420)/ 0.02

A = 7,500

B = 14,000 - A = 14,000 - 7,500 = 6,500

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The global recruiting manager for a multinational corporation is designing a new training program for recruiters prioritizing a
Tamiku [17]

Answer:

Ability to speak well

Explanation:

The global recruiting manager for the multinational company will prioritize ability to speak well as a soft skill in his recruiting managers' list. The ability to speak well is a very important feature as it aids in easy communication amongst employees and between employees and clients. The employees will be able to better Express themselves with good ability to speak. Good verbal and oral and written communication skills are always important tool for an employee to have. So, the recruiting manager of the multinational corporation will prioritize ability to speak as the soft skill.

5 0
3 years ago
Read 2 more answers
What strategic goal can an IS attain that does not involve wresting market share from competitors? Provide some business example
pishuonlain [190]

Provide some business examples. The strategic goal which an IS can attain without involving wresting market share from competitors by following certain measures like: By lowering the price of units to sell while maintaining the quality of the products. By offering new products and services.

6 0
3 years ago
Other things the same, a decrease in the price level causes real wealth to a. fall, interest rates to fall, and the dollar to ap
Law Incorporation [45]

Answer:

c. rise, interest rates to rise, and the dollar to appreciate

Explanation:

7 0
4 years ago
Suppose your friend’s employer will contribute to the account each year as part of the company’s profit sharing plan. In additio
Butoxors [25]

Answer:

$6618 annual payment

Explanation:

Employer's annual contribution = $1500 until trust fund distribution

trust fund distribution = $25000

years to trust fund distribution = 20 years

To calculate the amount she must deposit to make up the amount ( future required amount ) she will pay the difference between the required value and the contribution from her employer + trust fund distribution

future value = 1500 FVIFA(8%,30) + 2500 FVIFA( 8%,10)

                      = 169924( 1500*113.28) + 53973 = 223897

therefore the required total of what she should deposit = 973633 - 223897 = 749735

the amount she must deposit annually is calculated as

749735 ( total payment ) = annuity * FVIFA(8%,30 )

ANNUITY =  749735 / 113.28

                = $6618

NOTE : FVIFA (8%,30) and FVIFA( 8%,10) values are gotten from the FVIFA table

8 0
3 years ago
Branch Corporation issued $5 million of commercial paper on March 1 on a nine-month note. Interest was discounted at issuance at
defon

Answer:

Journal Entry

March 1

Dr. Cash                                     $4,550,000

Dr. Discount on Note Payable $450,000  

Cr. Note payable                      $5,000,000

December 1

Dr. Interest Expense                 $450,000

Cr. Discount on Note Payable $450,000  

Dr. Note payable                      $5,000,000

Cr. Cash                                     $5,000,000

Explanation:

Note payable is document which is payable after a specific period of time.

Note Payable is recorded at the present value of the note face value. We need to discount the face value of the note first.

Interest on the bond = $5,000,000 x 12% x 9/12 = $450,000

On December 31  Interest expense will be recorded and Payment of Note is made.

8 0
4 years ago
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