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Fittoniya [83]
3 years ago
5

- Interest: A sum fetched a total simple interest of $ 4016.25 at the rate of 9 %.p.a. in 5 years. What is the sum?

Business
1 answer:
Oduvanchick [21]3 years ago
3 0

Answer:

$8,925

Explanation:

Calculation of simple Interest is by the formula

I= P x r x t

Where I = Interest

p= principal

r= interest rate

t= time in years

In this case

I=$4016.25

p=???

r= 9% or 0.09

t=5 year

Therefore;

$4016.25= P x 0.09 x 5

$4016.25 = P0.45

P=$4016.25/0.45

P=$8,925

The principal is $8,925

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intext:"A corporation issued 6,000 shares of its $2 par value common stock in exchange for land that has a market value of $84,0
guajiro [1.7K]

Answer:

Date     Account Titles and Explanation              Debit       Credit

              Land                                                         $84,000

                 Common stock                                                     $12,000

                  Paid in capital in excess of par value                 $72,000

Workings:

Amount of Common stock = Number of shares * Paid in capital per share

= 6,000 shares * $2

= $12,000

Amount of excess of paid in capital = Market value of land - Amount of common stock

= $84,000 - $12,000

= $72,000

8 0
3 years ago
How does the dynamic model of aggregate supply and aggregate demand explain​ inflation? A. by showing that if total spending in
boyakko [2]

Answer:

The correct answer is option A.

Explanation:

The dynamic model of aggregate supply and aggregate demand shows that if an economy the total spending in the economy increases faster than total production, there will be a shortage. This shortage will cause the price level to increase and will ultimately lead to inflation.  

When the increase in aggregate demand is greater than the increase in aggregate supply, it will create a shortage in the economy. The demand for goods and services will be more than the supply of goods and services. This will cause the price level to increase.

4 0
3 years ago
2. A welder and a carpenter decided to get out of the construction industry and build farm trailers instead. From building a few
Firlakuza [10]

Answer:

Answer is explained in the explanation section below.

Explanation:

Data Given:

Material Cost Per Trailer = $500

Material Cost plus Profit Per Trailer (15%)  = $500 + 75 = $575

Selling Price = $1000

Labor Cost Remaining Per Trailer = $425

Formula to Calculate the number of Trailers:

X = X1 (N^{S})

Where,

N = number of Trailers

S = Slope Parameter

X = $425

X1 = $700

So, First we need to find the slope parameter, in order to calculate the number of trailers to be built.

S = \frac{log \alpha }{log 2}

where, α = 0.85 rate of improvement.

Plugging in the values into the formula, we get:

S = \frac{log (0.85) }{log 2}

S = -0.234

Now, we can easily find the number of trailers.

X = X1 (N^{S})

Plugging in the values,

425 = 700 x (N^{-0.234})

Solving For N, we get:

N = 8.4 Trailers

N = 9 Trailers.

Hence, 9 Trailers must be built in order to realize this rate of profit.

8 0
3 years ago
An IAR has opened an account for a new customer. The customer is "on the road" for 3-4 weeks per month and has given the IAR ver
kobusy [5.1K]

Answer:

The investment advisory firm which employs the investment adviser representative (IAR).

Explanation:

FINRA's rules specifically state that before any transaction, the IAR must have a signed power of attorney. The IAR cannot start trading or operating with the client's money until he/she has received a signed written power of attorney from the client. Only after the signed power of attorney has been given tot eh IAR, can he/she act on discretionary basis.

If the IAR is not a registered broker-dealer, then NASAA rules state that oral agreements are valid for up to 10 business days, but the IAR must have a written authorization after that time expires. I.e. the IAR could buy the stocks, but he/she was not authorized to sell them. So any loss is responsibility of the firm that employs the IAR.

6 0
3 years ago
today, boyd crowder signed loan papers agreeing to borrow $4,523.31 at 9 percent compounded monthly. the first monthly loan paym
MrRissso [65]

Loan payments must be made before the loan is paid in full $5178.24.

Loan Payment means the amount payable by the Borrower to repay a Loan under the terms of the Loan Agreement, Debenture, and Bond Mortgage.

There are three payment methods for a mortgage: equal installments, equal installments, and fixed equal installments. The repayment method depends on a variety of conditions, such as whether you want to pay the same amount each month or whether you want to pay it back within a certain period of time.

Using EMI formula:-

P×R × (1 + r )^n ÷ (1 + r )^n -1

we find number = 36 month.

Hence, total Loan paymeny

36x 143.84 =

$5178.24

Learn more about payments here:-brainly.com/question/2151013

#SPJ4

3 0
2 years ago
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