1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GaryK [48]
3 years ago
7

Suppose you borrow $26000 at an annual interest rate of 5%. For 3 years, you do not make any payments. Find the interest accrued

over this time period if the interest is compounded as follows. Round your answers to the nearest cent.
Business
1 answer:
zvonat [6]3 years ago
5 0

Answer:

Find the interest accrued over this time period

$4098,25

Explanation:

Borrow I% interest  

Year 1 26000 5% 1300 27300

Year 2 27300 5% 1365 28665

Year 3 28665 5% 1433,25 30098,25

                                        4098,25

You might be interested in
Automation of a process activity consists of moving work from the ________ of the symmetrical five-component framework.
horsena [70]

Answer:

human side to computer side

Explanation:

Automation of a process activity consists of moving work from the human side to computer side of the symmetrical five-component framework.

4 0
3 years ago
1. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect. 2. Prep
Nat2105 [25]

Answer:

Cost of goods manufactured= $3,120

COGS= $2,750

Explanation:

<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

Cost of goods manufactured:

beginning WIP= 0

direct materials= 2,200

Direct labor= 1,000

Factory overhead= 520

Ending work in process= 600

Cost of goods manufactured= $3,120

<u>Now, we can determine the cost of goods manufactured:</u>

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 0 + 3,120 - 370

COGS= $2,750

4 0
3 years ago
Q#1. How would you describe the word “CAREER” Explain in 5-7 sentences.
DochEvi [55]
A career is a job that you go to for most of your life. Most careers require you to go to school for them. A career is a specialized activity that you are trained to do. Not something that you learn in a couple of minutes. For example working at McDonald’s is not a career but a doctor is. (I gave you some so you can fill in based on what I said :) )
5 0
2 years ago
Read 2 more answers
You have been asked to set up a network for a nationwide retailer with stores in all 50 states. The retailer would like to be ab
hram777 [196]

A centrally administered WAN network

8 0
3 years ago
Read 2 more answers
The most effective audit procedure for determining the collectibility of an account receivable is the
Schach [20]

The utmost effective audit procedure for determining the collectability of an account receivable is the, review of the subsequent cash collections. Reviewing the subsequent cash collections speeds up the audit procedure to determine the collectability of an account receivable.

<span> </span>

4 0
3 years ago
Other questions:
  • resented below is information from Perez Computers Incorporated. July 1 Sold $20,000 of computers to Robertson Company with term
    8·1 answer
  • Maria and Jon Sanchez have just completed their third annual set of financial statements. They met in a personal finance class a
    12·1 answer
  • A variable cost
    6·1 answer
  • American airlines found that for some jobs it was unwise to train workers on equipment used at the work site. therefore, a speci
    5·1 answer
  • In forward transactions A. currency is bought and sold for delivery later that same day. B. currencies may only be exchanged at
    14·1 answer
  • For the majority of companies, the most common increase in the cost of production results from rising ____.
    5·2 answers
  • A cell phone business, in which the franchisor manufacturer a product and licenses a dealer to sell it in an exclusive territory
    13·1 answer
  • Preble Company manufactures one product. Its variable manufacturing overhead is applied to production based on direct labor-hour
    14·1 answer
  • The main goals of an engineering ethics class if to memorize the professional codes of ethics as formulated by professional orga
    8·1 answer
  • Need help pleaseeee nowwwwwwwwwwwwwwwwwwwwwww
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!