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irakobra [83]
4 years ago
10

An inverstor invest $2,500 into a mutaul fund and earns 5.75% on the principle for each of three years. How much interest has ac

crued at the end of the period?
a. $413.25b. $4,132.50c. $431.25d. $571.00
Business
1 answer:
ad-work [718]4 years ago
6 0

Answer:

The correct answer is c) $431.25

Explanation:

  • Amount: An investor invests $2,500 into a mutual fund

  • Rate: earns 5.75% that is the same of 0.0575

               

  • Period: on the principle for each of three years.

$2,500 x 0.0575 x 3 = $431.25

At the end of the period, the investor has accrued $431.25 of interest

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Wimpy Inc. produces and sells a single product. The selling price of the product is $160.00 per unit and its variable cost is $4
Over [174]

Answer:

$570,600

Explanation:

The formula for calculating break-even is:

Fixed Cost / Contribution per unit

The contribution per unit is calculated as, Sales - Variable cost.

Hence the break-even is,

399420 / 112 = 3566.25,

To get this in monthly dollar sales:

3566.25 * 160 = $570600.

Hope this Helps,

Good Luck.

6 0
3 years ago
Fern invested $6400 into a continuously compounded account with an interest rate of 1.5%. After 10 years, how much is the accoun
777dan777 [17]

Answer:

FV= $7,435.74

Explanation:

Giving the following information:

Initial investment= $6,400

Interest rate= 1.5%

Number of periods= 10 years

<u>To calculate the value of the account in ten years, we need to use the following formula:</u>

FV= PV*e^(i*n)

FV= 6,400*e^(0.015*10)

FV= $7,435.74

6 0
3 years ago
FitWear Inc, a sporting goods footwear and apparel company, features photographs of celebrities wearing its brand of clothing an
Bess [88]

Answer:

B. opinion leaders

Explanation:

Opinion leadership is leadership via the user who used the active media in order to interpretation the meaning of the message related to media or for the lower end media users

It is to be done for high esteem in the case of acceptance of their opinions

As the individuals influence the common people so it is a opinion leaders

since they are individuals influencing common people

5 0
3 years ago
Altruon Inc., a manufacturing company, has production facilities in three different geographical locations. Production managers
iris [78.8K]

Answer: (D) Synchronous

Explanation:

 The synchronous communication is one of the type of real-time interaction such as phone and face-to-face communication between the two people.

The main benefit of the asynchronous communication is that it allow transmission of message and information between the sender and the receiver without any external type in the clock signal.

In the synchronous communication, the transmission of data or information are transmitted and received at the similar time.

Therefore, Option (D) is correct.

5 0
4 years ago
In previous years, Cox Transport reacquired 2 million treasury shares at $22 per share and, later, 1 million treasury shares at
Hoochie [10]

Answer:

24 million shares  ; $16 million

Explanation:

The computation of the weightage number of treasury shares are shown below:

             Number of shares       Price       Total

                   2                              $22         $44 million

                   1                               $28         $28 million

Total           3                                               $72 million

So, the weighted average number of shares would be

= $72 ÷ 3 = 24 million shares

Now the journal entry would be

Cash A/c Dr $64 million                  (2 million treasury shares × $32)

          To Paid in capital - share repurchase A/c $16 million

          To Treasury stock $48 million    (24 million treasury shares × $2)

(Being the treasury shares are sold)

4 0
4 years ago
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