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AnnZ [28]
2 years ago
14

Question 7 of 10

Business
2 answers:
Nutka1998 [239]2 years ago
6 0

Answer: C. By Using deposited money to make loans without reducing the value of the deposits

Explanation:

A.P.E.X

Dimas [21]2 years ago
3 0

Answer:

c

Explanation:

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A concept that can be used to describe (how will government's money be spent)
jonny [76]
Governments money is usually spent for weapons or vaccines for sicknesses.
6 0
3 years ago
Julie Martin is investing $26,600 in the Invesco Charter mutual fund. The fund charges a 4.50 percent commission when shares are
Sergeeva-Olga [200]

Answer:

$1,264.50

Explanation:

Calculation for the amount of commission Julie must pay.

Using this formula

Commission=Investment amount× Fund charges percentage

Let plug in the formula

Commission= $28,100 × 0.045

Commission= $1,264.50

Therefore the amount of commission Julie must pay is $1,264.50

6 0
2 years ago
Q 9.37: when should the gross profit method of inventory valuation not be used because it is invalid?
rusak2 [61]
At  the  end  of  given  period the  gross  profit  method  is  required  to  estimate  inventory.The  valuation  become  invalid  when the  following  are  not  available.the  value   for   the  beginning of inventory,records  of  purchase  made, the  total  sale  during  the  period   and  the  gross  profit  margin.
5 0
3 years ago
A worker wants to set aside some money for retirement, hoping to live off the interest income. If the interest rate is 10% and t
Shkiper50 [21]

Answer:

d) 500,000

Explanation:

The amount that the worker is expected to save before retirement is the present value of the expected annual withdrawal using the interest rate of 10% as the discount rate:

savings balance at retirement=yearly cash withdrawal/interest rate

yearly cash withdrawal=$50,000

interest rate=10%

savings balance at retirement=$50,000/10%

savings balance at retirement$500,000  

5 0
2 years ago
A company has net income of $187,000, a profit margin of 8.6 percent, and an accounts receivable balance of $126,370. Assuming 6
NARA [144]

Answer:

35.35  days

Explanation:

For the computation of company’s days’ sales in receivable first we do the following calculations

As we know that

Profit margin = Net income ÷ Sales

0.086 = 187,000 ÷ Sales

Sales = 2,174,418.605

So,

Credit sales = Sales × Sales percentage

= 2,174,418.605 × 0.6

= 1,304,651.163

Receivables turnover ratio = Credit sales ÷ Receivables

= 1,304,651.163 ÷ 126,370

= 10.3241

Now

Days sales in receivables = 365 ÷ Receivables turnover

= 365 ÷ 10.3241

= 35.35 days

4 0
2 years ago
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