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VashaNatasha [74]
3 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]3 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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6 0
3 years ago
What sort of questions would a Turing test ask and what are some responses to each
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<h2>The following are some turing questions and the responses to them: </h2><h2> </h2>
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Response: I found this on the web for your query.

  • The following sentence is true. The previous sentence is false. Is the previous sentence true

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7 0
3 years ago
Jessica's manager believes that Tres Tortillas can gain an advantage over competing Mexican restaurants in the area by capitaliz
Reil [10]

Answer:

What type of competitive growth strategy is Jessica's manager discussing?

c. product development

Explanation:

Most companies in business usually compete over the number of customers that they can gain over time, at times called the market share. The amount of market share a business has directly affects the sales and profit margins. The market share is a limited resource, therefor companies in business have to use various strategies to ensure that they have a proportional share of the market. A business that is just starting or that is relatively young, needs a growth strategy especially if there is an existing competition with a huge market share. Growth strategies are methods that small businesses can use to expand and develop thus increasing there market share. There are different strategies that could be used. Some examples are; market penetration, market expansion, product development and acquisition of other companies.

Let as consider product development as a competitive growth strategy. Product development involves all the steps towards developing a new product or re-branding the product to attract customers. The decision by Jessica's manager to utilize the firm's top-secret salsa recipe and packaging them into 16-ounce jars to sell at the restaurant to expand their market share is a form of product development strategy.

4 0
3 years ago
An agency problem can occur when A. it is difficult or expensive for the owners to verify what the agent is actually doing. B. t
GaryK [48]

Answer:

The answer is E.

Explanation:

In a public company, the directors are the agents of the company while the shareholders are the principals(owners) of the company. Because most times, shareholders doesn't have the needed skills and experience to run businesses, they employ director/management (agent) to run their businesses. Most times there is conflict of interest, for example, the managers might prefer a risky business while the shareholders might prefer less risky, this type of scenario creates agency problem.

Agency problem (principal-agent problem) is a conflict of interest that happens when the directors (agent) don't fully represent the best interest of the shareholders (principal)

So all the options in the question represents agency problem.

4 0
3 years ago
A summary of selected ledger accounts appears below for Alberto's Plumbing Services for the current calendar year-end.
TiliK225 [7]

Answer:

a. $15,000

Explanation:

common stock:

12/31 = $8,500                    1/1 = $5,500

                                           12/31 = $15,000

retained earnings:

6/30 = $3,500                   12/31 = $15,000

11/30 = $5,000

Income Summary

12/31 = $18,500                 12/31 = $33,500

12/31 = $15,000

income summary closing accounts:

Dr Revenue 33,500

    Cr Income summary 33,500

Dr Income summary 18,500

    Cr Expenses 18,500

Dr Retained earnings 15,000

    Cr Income summary 15,000

net income = amount of income summary closed against retained earnings = $15,000

7 0
3 years ago
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