1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kicyunya [14]
3 years ago
7

A mother wants to invest ​$12 comma 000.00 for her​ son's future education. She invests a portion of the money in a bank certifi

cate of deposit​ (CD account) which earns​ 4% and the remainder in a savings bond that earns​ 7%. If the total interest earned after one year is $ 720.00 comma how much money was invested in the CD​ account?
Business
1 answer:
Dimas [21]3 years ago
8 0

Answer:

A = $4000

Explanation:

given data:

total investment $12000

interest on CD= 4%

Interest on bond =7%

the portion invested in the CD is A

total portion invested as a bond = $12,000 - A

total portion earned on the CD = 0.04A.

The total interest gain on the bond = 0.07(12000 - A).  

equation for  the total interest earned is:

0.04A + 0.07(12000 - A) = 720

0.04A + 840 - 0.07A = 720

-0.03A = -120

A = $4000

You might be interested in
Fervana Autos Inc., a large automobile company, made an initial small investment in a startup company that was developing a sola
eimsori [14]

Answer:

real options perspective

Explanation:

A real options perspective means that the investor has the right but not the obligation to invest in the other company, and/or has the right to buy it, but it is not required to do so. In this case, Fervana can invest if it considers it suitable or it can buy the start-up, buit it doesn't need to do anything if it doesn't want to.

5 0
2 years ago
The payroll register of Seaside Architecture Company indicates $820 of social security and $224 of Medicare tax withheld on tota
Sergio [31]

Answer:

The payroll tax expense is $1754.20

Explanation:

7 0
2 years ago
Mesia has come to you for help. For the third time this month, she has recorded a cash receipt twice. She wants you to record a
gayaneshka [121]

Answer:

Any adjustment section in the Accounts ought to be assessed and ought to be endorsed by the controller before posting it. The supporting clear archive to be delivered and held with the voucher for review reason.  

Here, the case is money receipt is recorded twice, and requirements to book revising passage. Necessities to examine about the section, and need to cross check with money equalization and deals balance, Cash receipt number etc.to ensure this is a real case and ensure no fraud is occurring.

4 0
3 years ago
State law of diminishing returns​
DedPeter [7]

Answer:

see below

Explanation:

The law of diminishing marginal returns indicates that in every production process, adding one more input while holding the others constant will result in the overall decrease in output.

According to this law,  adding one more production unit diminishes the marginal returns, and the average production cost increases. Marginal returns refer to the benefits associated with the production of an extra unit.  

The gain derived from the use of more input while keeping all other factor constant decreases as production increases. For example, employing more workers while all other variables remain constant will result in reduced labor productivity.

6 0
2 years ago
In a particular labor market, the demand for labor is given by W = 20 – (1 / 100)L, and the supply of labor is given by W = 4 +
djverab [1.8K]
The wage will create surplus of workers since it is above the equilibrium wage.
3 0
3 years ago
Other questions:
  • Anne Teek works full time as the manager of her used furniture store in which she has invested $40,000. Last year, her total rev
    10·1 answer
  • What factor led to the explosive growth of digital crime over the past few decades?
    15·1 answer
  • Ziegler Inc. has decided to use the high-low method to estimate the total cost and the fixed and variable cost components of the
    5·1 answer
  • Suppose that the central bank must follow a rule that requires it to increase the money supply when the price level falls and de
    8·2 answers
  • Bill and Fred bake cookies and pies. Bill's opportunity cost of baking 1 pie is 5 cookies. Fred's opportunity cost of baking 1 p
    9·1 answer
  • The following are true statements about distributive bargaining except:
    13·1 answer
  • Along a straight line downward sloping demand curve, elasticity is Constant but its value cannot be determined without measureme
    10·1 answer
  • IMG World’s products and services are geared toward colleges and students, the students of which may be considered young achieve
    15·1 answer
  • The number of days' sales in inventory is calculated as __________ divided by __________.
    14·2 answers
  • As stated in the audit report, or Report of Independent Accountants, the primary responsibility for a company's financial statem
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!