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Mumz [18]
3 years ago
9

You have three separate accounts with your bank that you can manipulate with online banking. Account "A" is a checking account w

ith a $5,245.50 balance, Account "B" is a personal savings account with a $12,850.25 balance, and account "C" is a joint college savings account with your 12-year-old son. You move $2,500 from account "B" to account "A" to cover an unexpected bill. You also move 1.5% of the remaining balance in account "B" to account "C". What is left in account "B" after these transfers? A) $10,195 B) $10,350 C) $15,550 D) $25,000
Business
1 answer:
miss Akunina [59]3 years ago
6 0

Answer:

A) $10,195

Explanation:

This can be calculated as follows:

Amount in Account "B" = $12,850.25

Remaining balance after moving $2,500 from Account "B" to account "A" = Amount in Account "B" - $2,500 = $12,850.25 - $2,500 = $10,350.25

Amount moved from account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" * 1.5% = $10,350.25 * 1.5% = $155.25

Balance after moving 1.5% of the remaining balance in account "B" to account "C" = Remaining balance after moving $2,500 from Account "B" to account "A" - Amount moved from account "B" to account "C" = $10,350.25 - $155.25 = $10,195

Therefore, the correct option is A) $10,195.

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A firm has a net profit/pretax profit ratio of .6, a leverage ratio of 1.5, a pretax profit/EBIT of .7, an asset turnover ratio
Alenkinab [10]

Answer:

The answer is A.15.12%.

Explanation:

Please find the below for explanation and calculations:

We have EBIT = Pretax profit /0.7 = Net profit / (0.6 x 0.7) = 0.42 x Net Profit

=> Net profit / Sales = Profit margin =  0.42 x EBIT/ Sales = 0.42 x Return-on-sales = 2.52%;

Leverage ratio = Asset/ Equity = 1.5;

Sales / Asset = asset turn over ratio = 4;

Apply the Dupont model we have:

Return on Equity = Leverage ratio x Profit Margin x Leverage ratio = 2.52% x 1.5 x 4 = 15.12%.

Thus, the answer is A. 15.12%.

6 0
3 years ago
There are six printers at "Today's news" newspaper, each printing at the same constant rate. Working together, the six printers
MrRissso [65]

Answer:

Explanation:

Given:

Today:

Number of printers = 6

Work duration = 12 hours

Tomorrow:

Work duration = 8 hours

At the same rate of printing,

If 6 printer were used to print newspapers for 12 hours.

Only 1 printer will work for 12 × 6 hours at the same rate

But is the printers were 8, (12 × 6)/8

= 9 printers.

Initial number of printers = 6 printers

Additional printers to be purchased = 9 - 6

= 3 printers

3 0
3 years ago
Read 2 more answers
what does business process reengineering involve? multiple choice integrating all departments and functions throughout an organi
8_murik_8 [283]

A business process reengineering involves the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times and quality.

<h3>What is a business process reengineering?</h3>

This refers to the act of recreating a core business process with the goal of improving product output, quality or reducing costs. In most process, the process involves the analysis of company workflows, finding the processes that are sub-par or inefficient and figuring out ways to get rid of them or change them.

<h3 />

Hence, the business process reengineering involves the radical redesign of core business processes to achieve dramatic improvements in productivity, cycle times and quality.

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4 0
10 months ago
FindFriend is an instant messaging application for smartphones. New smartphone users find it easier to connect with friends and
Anettt [7]

Answer:

Network Effects

Explanation:

Network Effects is an effect in which the higher number of people that use a product or service increases the value of it and this makes new users to want to use the product to get the benefits from the network. According to this, the answer is that FindFriend app's value has increased primarily due to its network effects because people uses FindFriend to connect easily with their friends and family and it has the largest user base which shows the network effect as the higher number of people generates more value as they are able to communicate with everyone.

6 0
3 years ago
A delivery truck has a depreciation basis of $50,000 and the depreciation schedule for the truck is as follows: Year 1 2 3 4 Dep
Andrew [12]

Answer:

$11,000

Explanation:

Depreciation expense in year 1 = 0.33 x $50,000 = $16,500

Depreciation expense in year 2 = 0.45 x $50,000 = $22,500

Book value in year 2 = cost of asset - accumulated depreciation

$50,000 - ( $16,500 + $22,500) = $11,000

8 0
3 years ago
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