The simple interest given the principal, time and interest rate is $1012.50.
The maturity value is $21,012.50.
<h3>What is the simple interest?</h3>
An amount earns simple interest only if the principal increases in value when interest is paid and not both the principal and the interest already accrued.
Simple interest = principal x time x interest rate
$20,000 x 9/12 x 0.0675 = $1012.50
Maturity value = $1012.50 + $20,000 = $21,012.50
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Answer:
Big data
Explanation:
Big data is defined as the methods of analysing and extracting meaningful insights from data that is so large that traditional data processing methods cannot be used to analyse.
Challenges encountered when analysing big data include data capture, data storage, data analysis, sharing, transfer, visualisation, querying, and updating.
ABC Medical Technology has accumulated so much client information that conventional database management systems cannot handle its customers' needs. It uses big data analysis to extract relevant information.
The way that the market supply curve is derived from the supply curves of individual producers is by horizontally adding the individual supply curves.
<h3>How is the market supply curve estimated?</h3>
The market supply curve is estimated by adding up all the individual supply curves in the market. This therefore shows the total amount os supply for a good or service in the market.
The way that this addition is done is by horizontally adding the supply curves. What this means is that the quantities that are being offered by each individual suppliers at the various prices in the market, are added up to come up with the market supply curve.
Options for this question are:
- a. finding the average price at which sellers are willing and able to sell a particular quantity of the good.
- b. vertically summing individual supply curves.
- c. finding the average quantity supplied by sellers at each possible price.
- d. horizontally summing individual supply curves.
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Answer:
Statement of Cost per equivalent unit
Particulars Materials Conversion
Cost of beginning work in process $8,130 $9,128
Add: Costs added during the month <u>$226,500</u> <u>$284,232</u>
Total cost A $234,630 $293,360
Number of equivalent units B <u> 9,900 </u> <u> 9,400 </u>
Cost per equivalent unit (A/B) <u>$23.70 </u> <u>$31.21 </u>
Answer:
E) Trading company
Explanation:
In international trade, trading companies are basically wholesalers that work at an international level. They usually purchase products from different businesses and then resell them to local retail businesses or sometimes final consumers (less common). Trading companies generally enter a exclusive distribution agreement with the manufacturer per region or country that they operate in.