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emmasim [6.3K]
3 years ago
9

A judge requires Harry to make a payment to Sally. The judge says that Harry can pay her either $10,000 today or $12,000 two yea

rs from today. Of the following interest rates, which is the highest one at which Harry would be better off paying the money today?
a. 11 percent
b. 6 percent
c. 4 percent
d. 9 percent
Business
1 answer:
Stells [14]3 years ago
7 0

Answer:

d. 9 percent

Explanation:

After 2 years the value of $10,000 at present time =

$10,000 * (1 + x / 100)^2 = $12,000

(1 + x / 100)^2 = 12,00 / 10,000

(1 + x / 100)^2 = 1.2

The square root of 1.2 is 1.0954

(1 + x / 100) = 1.0954

x = 9.54

9%( Approximately.)

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RJ Miller Manufacturing Company produces a product that sells for $120. A selling commission of 10% of the selling price is paid
djverab [1.8K]

Answer:

$48

Explanation:

Contribution = Sales - Variable Costs

where,

Sales = $120

Variable Costs = $120 x 10% + $60 = $72

therefore,

Contribution = $120 - $72 = $48

The contribution margin per unit is: $48

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Explanation:

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kakasveta [241]

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Explanation:

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3 years ago
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gregori [183]

Answer:

Explanation:

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Oct 1

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Cr Common stock 41,000

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3 years ago
Read 2 more answers
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