Select all that apply.

The amounts of money you can make on a college savings plan investment is dependent on

Oliga [24]

That would be the market performance of an investment.

4 0

3 years ago

Angelo invested $4,000 into two accounts. One account paid 4% interest and the other paid 9% interest. He earns 6% interest on t

inn [45]

Answer:

$2,400 was placed in the account earning 4%, and $1,600 was placed in the account earning 9%

Explanation:

In this case, we have two unknowns, so in order to be solved, we need to find two equations.

We know that amount 1, that we call x, plus amount 2, we call y, is 4000.

Also we know, when we add the interest earned on amount 1 to the interest earned on amount 2, the total interest is 6% of 4000, it means: 240

So, we have two equations with two unknowns

That we can solve for any method we know. We will use substitution. Lets clear from first equation the unknown x.

x=4000-y

Then, we substitute in second equation

0.04(4000-y)+0.09y=240

And we solve:

160-0.04y+0.09y=240

0.05y=240-160

y=80/0.05=1600

Now we simply plug this into our first equation and solve for x

x+y=4000

x+1600=4000

x=4000-1600

x=2400

So, $2,400 was placed in the account earning 4%, and $1,600 was placed in the account earning 9%

4 0

3 years ago

While entrepreneur is a type of _______ role, leader is a(n) ______ role.

sp2606 [1]

While entrepreneur is a type of decisional role, leader is a(n) interpersonal role.

<h3>Who is an entrepreneur?</h3>

An entrepreneur is an individual who is responsible for making decisions regarding the control, financing and organization of a business.

<h3>Who is a leader?</h3>

A leader is an individual who is either elected or appointed to oversee the activities of a particular group of people at a particular time. He must be able to interact effectively with his followers in order to ensure unity and progress.

Learn more about entrepreneur:

brainly.com/question/353543

#SPJ9

4 0

1 year ago

Explain the role audit committee plays in the company

jeka94

Answer:

The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.

Hope this helps.☝

7 0

2 years ago

Sage Hill Inc. Issues $254,000, 10-year, 10% bonds at 97. Prepare the journal entry to record the sale of these bonds on March 1

Mamont248 [21]

To record final annual interest and bond repayment:

2017

Mar 1

Bonds interest expense $25,400

Bonds payable $254,000

Cash $279,000

On March 1, 1997, the date of issuance, the entry is:

1997

Mar 1

Cash $254,000

Bonds payable $254,000

On each March 1 for 10 years, beginning March 1, 1997 (ending March 1, 2017), the entry would be (Remember, calculate interest as Principal x Interest Rate x Time)

Mar 1

Bond Interest Expense ($100,000 x 12% x 1) $25,400

Cash $25,400

8 0

3 years ago