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VashaNatasha [74]
2 years ago
15

You inherit $10,000 with the stipulation that for the first year the money must be invested in two stocks paying 6% and 11% annu

al interest, respectively. How much should be invested at each rate if the total interest earned for the year is to be $900
Business
1 answer:
drek231 [11]2 years ago
8 0

Answer:

5000 at 6%

6000 at 11%

Explanation:

Given that :

Total principal = 10000

Let :

Principal invested in business A = x

Principal invested in business B = y

Interest = Principal * rate * time

(x * 6% * 1) + (y * 11% * 1) = 900

0.06x + 0.11y = 900 - - - - (1)

x + y = 10000 - - - (2)

From (2)

x = 10000 - y

Put x = 10000 - y in (1)

0.06(10000 - y) + 0.11y = 900

600 - 0.06y + 0.11y = 900

600 + 0.05y = 900

0.05y = 900 - 600

0.05y = 300

y = 300 / 0.05

y = 6000

x = 10000 - y

x = 10000 - 6000

x = 5000

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Vinil7 [7]
<span>They are all examples of primary activities. They are a part of Michael Porter's value chain, and they provide an edge to the company that performs them. They aim to make a value that outvalues the cost of performing the activities, and make the company a profit as a result.</span>
7 0
3 years ago
Statutes of limitations Group of answer choices define how much money the injured party can sue for under a breach of contract c
AysviL [449]
<h3>limit the time in which an injured party may sue. only apply to the sale of goods. </h3><h3 />

The length of time allowed under a statute of limitations varies depending upon the severity of the offense as well as the jurisdiction it is being disputed.

<h3>What is Statue of Limitations ?</h3>

A statute of limitations is a law that sets the maximum amount of time that parties involved in a dispute have to initiate legal proceedings from the date of an alleged offense, whether civil or criminal.

  • Cases involving severe crimes, like murder, typically have no maximum period.

Learn more about Statue of Limitations here:

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5 0
2 years ago
Ginny Trueblood is considering an investment which will cost her $120,000. The investment produces no cash flows for the first y
velikii [3]

Answer:

The project should be rejected as the payback period of 3.97 years exceeds the required 3 years. So, the correct option is E

Explanation:

The table showing the discounted cash flows of each year:

Computing discounted payback as:

Discounted Payback = Number of years + (Initial Cost - Discounted Cash flow of year 1 + Discounted Cash flow of year 2 + Discounted Cash flow of year 3 / Discounted Cash flow of year 4)

= 3 + ($120,000 - $0 - $28,925.62  - $41,322.31  / $51,226.01)

= 3 + ($49,752.07 / $51,226.01)

= 3 + 0.97

= 3.97

Working Note:

Discounted Cash Flow is computed as:

Discounted cash flow = Cash Flow / (1 + r) ^ n

where

r is rate of return that is 10%

n is number of year

So,

For 1st year:

= $0 / (1 + 0.1) ^1

= $0

For 2nd year:

= $35,000 / (1 + 0.1) ^ 2

= $35,000 / 1.21

= $28,925.61

For 3rd year:

= $55,000 / (1 + 0.1) ^ 3

= $55,000 / 1.331

= $41,322.31

For 4th year:

= $75,000 / (1 + 0.1) ^ 4

= $75,000 / 1.4641

= $51,226.01

6 0
3 years ago
Manistee Corporation reported taxable income of $1,200,000 this year and paid federal income taxes of $408,000. Not included in
Nikitich [7]

Answer:

corporation current earning and profits = $737000

Explanation:

given data

taxable income = $1,200,000

paid federal income taxes = $408,000

entertainment expenses = $25,000

tax-exempt interest = $20,000

net capital loss = $50,000

solution

we get here corporation current earning and profits that will be as

corporation current earnings and profits = taxable income - paid federal income taxes - entertainment expenses + tax-exempt interest - net capital loss   ................1

put here value we get

corporation current earning and profits = $1,200,000 - $408,000 -$25,000

+ $20,000 - $50,000

corporation current earning and profits = $737000

4 0
3 years ago
On March 15, Summit Hawk declares a quarterly cash dividend of $0.085 per share payable on April 13 to all stockholders of recor
Sedaia [141]

The journal entries to  Summit Hawk's declaration and payment of cash dividends is: Debit Dividend  $18,530,000; Credit  Dividend payable   $18,530,000

<h3>Journal entries</h3>

March 15

Debit Dividend  $18,530,000

(218,000,000 shares × $0.085)

Credit  Dividend payable   $18,530,000

(To record cash dividend declaration)  

March 30

No entry

April 13

Debit Dividend payable     $18,530,000

(218,000,000 shares × $0.085)

Credit  Cash     $18,530,000

(To record payment of cash dividend)


Therefore the journal entries to  Summit Hawk's declaration and payment of cash dividends is: Debit Dividend  $18,530,000; Credit  Dividend payable   $18,530,000.

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6 0
2 years ago
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