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Brian invests $11,500, at 6% interest, compounded semiannually for 2 years. Manually calculate the compound amount (in $) for hi

Katena32 [7]

Answer:

The important thing to remember here is that the interest is compounded semi annually, which means twice a year. When the 1st interest is compounded, the second interest is calculated on that new amount.

(11,500 + (11,500×6%)) = $ 12,190

(12,190 + (12190×6%)) = $ 12921.40

Explanation:

4 0

3 years ago

Supply-side policies have proven that smaller government makes the economy more efficient. Select one: True False

scoundrel [369]

Answer:

The given statement is "False".

Explanation:

Supply-side policies include those strategies that increase the economic ability of an enterprise as well as the ability to manufacture. To increase supply-side efficiency, there are also many specific steps that somehow an authority may undertake.
Any strategy that increases the economic capacity of a nation's infrastructure and therefore its ability to transfer should be under the supply-side legal framework.

3 0

3 years ago

Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,100 of dir

Zina [86]

Answer:

Total work in process = $12,900

Explanation:

Provided information,

Cost incurred during the month on this order

Direct Materials = $2,100

Direct Labor = $3,600

Provided overheads are 200% of the direct labor cost = $3,600 $\times$ 200% = $7,200

Thus month end balance of work in process = $2,100 + $3,600 + $7,200

Total work in process = $12,900

Note: additional information regarding expenses to be incurred is to be ignored, and the above value is the value of work in process.

Total work in process = $12,900

7 0

3 years ago

Daphne bought a dishwasher and paid for it with her credit card. The company delivered the dishwasher to her the very same day.

MAVERICK [17]

B. the day the company delivered the dishwasher to Daphne.

When Daphne receives the product, which is the same day as the purchase, Daphne should record the sale. You record expenses in conjunction with the time in which you receive the good or benefit of the cost.

8 0

3 years ago

A company's income statement showed the following: net income, $115,000; depreciation expense, $30,500; and gain on sale of plan

olya-2409 [2.1K]

Answer:

$129,200

Explanation:

Cash flow from Operating activities

net income, $115,000

adjust for non cash items :

depreciation expense, $30,500

gain on sale of plant assets, ($4,500)

adjust for changes in working capital :

decrease in accounts receivable $9,500

increase in merchandise inventory ($18,500)

increase in prepaid expenses ($6,300)

increase in accounts payable $3,500

Cash flow from Operating Activities $129,200

7 0

3 years ago