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3 years ago

Ordinary simple interest brings increased revenue to the lender. The general practice

Business

1 answer:

densk [106]3 years ago

6 0

Answer:

Exact = $34.5

Ordinary = $35

Explanation:

Given that :

Principal, P = $1500

Interest rate = 14% = 0.14

Number of days = 60

For exact :

Exact simple interest uses 365 days :

Simple interest = principal * rate * time

Simple interest = $1500 * 0.14 * 60 / 365 = 34.520547 = $34.5

For ordinary simple interest :

Simple interest = principal * rate * time

Simple interest = $1500 * 0.14 * 60 / 360 = $35

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If the required reserve ratio

Radda [10]

Answer:

Explanation:

Formula: 1 / Reserve money ratio -> 1 / 0.25 = 4

5 0

3 years ago

Roselawn Company reported net sales of $90,000 and net income of $18,000 for the previous year ended December 31. The company re

gregori [183]

Answer:

The company’s profit margin for the current year ended December 31 (rounded to the nearest decimal point) is 20%

Explanation:

Use the following formula to calculate the Profit Margin

Profit Margin = $\frac{Net Income}{Net Sales} X 100$

Where

Net Income = $20,000

Net Sales = $100,000

Placing values in the formula

Profit Margin = $\frac{20000}{100000} X 100$

Profit Margin = 0.2 x 100

Profit Margin = 20%

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3 years ago

Calamata Corporation processes a single material into three separate products A, B, and C. During September, the joint costs of

Elena-2011 [213]

Answer:

20%

Explanation:

Gross profit is the net of sales and cost of sales. Gross Profit percentage is the ratio of gross profit to sales expressed as percentage.

Product Units Produced Final Sales Value per Unit Separate Costs

A 10,000 $25 $125,000

B 15,000 $30 $250,000

C 12,500 $24 $125,000

Total 37,500 $500,000

Sales Value

A (10,000 x $25) $250,000

B (15,000 x $30) $450,000

C (12,500 x $24) $300,000

Total Sales Value $1,000,000

Less

Joint Cost ($300,000)

Separable cost ($500,000)

Gross Profit $200,000

Gross Profit Percentage = ( $200,000 / $1,000,000 ) x 100 = 20%

8 0

3 years ago

EuroRail and Swiss Rail are hypothetical railways that have a duopoly on the route that connects the cities of Zurich and Munich

Wittaler [7]

Answer:

Select the answer that best describes the strategies in this game.

Both companies dominant strategy is to add the train.

Does a Nash equilibrium exist in this game?

A Nash equilibrium exists where both companies add a train. (Since I'm not sure how your matrix is set up I do not know the specific location).

Explanation:

we can prepare a matrix to determine the best strategy:

Swiss Rails

add train do not add train

$1,500 / $2,000 /

add train $4,000 $7,500

EuroRail

do not add train $4,000 / $3,000 /

$2,000 $3,000

Swiss Rails' dominant strategy is to add the train = $1,500 + $4,000 = $5,500. The additional revenue generated by not adding = $5,000.

EuroRail's dominant strategy is to add the train = $4,000 + $7,500 = $11,500. The additional revenue generated by not adding = $5,000.

A Nash equilibrium exists because both companies' dominant strategy is to add a train.

7 0

4 years ago

PLEASE HELP

Scilla [17]

D. Nowzer is an internal customer as a sales distributor.

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4 years ago

Read 2 more answers