What is the role of a consumer in the economy nation

Bonnie invested $8,000 in two accounts paying 5% and 6% annual interest. Her money earned a total of $445 in interest in one yea

polet [3.4K]

Answer:

6% = 4500

5% = 3500

Explanation:

wo equations can be derived from the question

x + y = $8,000 equation 1

0.05x + 0.06y = $445. equation 2

x = amount invested in 5%

y = amount invested in 6%

multiply equation 1 by 0.05

0.05x + 0.05y = 400 equation 3

subtract equation 3 from 2

0.01y = 45

y = $4500

substitute for y in equation 1

8500 - 4500 = 3500

5 0

3 years ago

Sales at a fast-food restaurant average $6,000 per day. The restaurant decided to introduce an advertising campaign to increase

zimovet [89]

Answer: a. 2.8

Explanation:

Given : Population mean : $\mu=\$6,000\text{ per day}$

Sample size : n= 49> 30 , the sample is a large sample we use z-test.

Sample mean = $\overline{x}=\$6,400\text{ per day}$

Standard deviation : $\sigma= \$1,000$

The test statistic for population mean is given by :-

$z=\dfrac{\overline{x}-\mu}{\dfrac{\sigma}{\sqrt{n}}}\\\\\Rightarrow\ z=\dfrac{6400-6000}{\dfrac{1000}{\sqrt{49}}}=2.8$

Hence, the value of the test statistic is 2.8

8 0

3 years ago

Teagan wants to buy a new refrigerator. The refrigerator costs $1650. Teagan decides to finance the refrigerator for 24 months a

sukhopar [10]

Answer:

$78.06

Explanation:

For computing the monthly payment we need to apply the PMT formula i.e. to be shown in the attachment below:

Given that,

Present value = $1,650

Future value or Face value = $0

RATE = 12.5% ÷ 12 = 1.0416%

NPER = 24 months

The formula is shown below:

= PMT(RATE;NPER;-PV;FV;type)

The present value come in negative

So, after applying the above formula, the monthly payment is $78.06

7 0

3 years ago

A truck that cost $36,000 and on which $30,000 of accumulated depreciation has been recorded was disposed of for $5,000 cash. th

Zielflug [23.3K]

Hi there
First find the book value of the truck
Book value=
Cost-accumulated depreciation
36,000−30,000
=6,000

disposed of for $5,000 cash
Book value 6000
So the answer is
Loss of 1000 (5000-6000)

Good luck!

7 0

3 years ago

Which of the following accounts would not be included in the closing process at year-end?a) Rent expense.b) Additional paid-in c

hammer [34]

Answer:

b) Additional paid-in capital.

Explanation:

Closing process in accounting is a period end activities which involves

the movement or transfer of temporary accounts to permanent accounts.

Temporary accounts are all income statement accounts like sales account, rent account, depreciation expense account, telephone expense account e.t.c.

This exercise is to prepare temporary accounts for the next period. since temporary accounts are measured as at period end, the transaction of a period must not be allowed to mix with another, hence the need to always close or bring to zero all temporary accounts.

In the question, all are income accounts except additional paid-in capital

3 0

3 years ago