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
AysviL [449]
2 years ago
13

New shoes are on SALE. You find a pair you like for $85 dollars. But you only have $45 with you. So, you pay $40 and

Business
1 answer:
nexus9112 [7]2 years ago
6 0

Answer:

Explanation:Answer:

The balance amount owned in six months is $ 46.8

Explanation:

Given as :

The price of new shoes = $85

The amount paid for the shoes  = $ 40

The balance amount for the shoes = $85 - $40 = $ 45

The rate of interest = 8%  

the time period = 6 months = 0.5 years

From simple method

Simple interest =  

or, Simple interest =  

Or, Simple interest =  = $1.8

So, Amount = Principal + Interest

or, Amount = $45 + $1.8 = $ 46.8

You might be interested in
Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of
tatuchka [14]

Answer:

$898.54

Explanation:

The Price of the Bonds is equal to the Present Value or Fair Value of the Bonds.

Using the Financial Calculator, Input elements will be as follows :

N = 15

pmt = $1,000 × 5.7% = $57

YTM / i = 6.8%

Fv = $1,000

Pv = ?

Pv = $898.54

The Coupon rate is lower than the market rate thus the Bonds will fetch a lower price.

5 0
3 years ago
If a county government decided to build parks, then the money and resources would not be available for additional fire fighters.
Keith_Richards [23]

Answer:

a. Misallocation of resources

Explanation:

Misallocation of resources implies that assets are not put to their best, best, or proficient use. The utilization of the term misallocation in financial matters is that market analysts recognize two kinds of efficiencies: productive and allocative. The productive alludes to the (effective) utilization of assets to deliver given merchandise and ventures. The allocative alludes to which merchandise and enterprises ought to be created, and who ought to get the opportunity to devour them. Financial matters are generally worried about allocative thought of productivity.

3 0
3 years ago
The process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods
Setler79 [48]

Answer:

A) true

Explanation:

Compound interest can be regarded as

adding of interest gotten to the principal sum of a deposit or the principal sum of a loan. It's one that is gotten after reinvesting of ones interest instead of paying it out, as a result of this the interest that comes in

next period will be earned on the principal sum along with those interests accumulated before. It should be noted the process of earning compound interest allows a depositor or investor to earn interest on any interest earned in prior periods.

6 0
3 years ago
According to the chart below, which sets of IQ scores fall in the bottom 50th percent of frequency?
lubasha [3.4K]
The green one
Because 65-69 is close to 50%
And the answer should be A
I
Think
Hope this helps
6 0
3 years ago
Read 2 more answers
Why is it important for organizations to accurately estimate the demand for a good or​ service? A. To decrease the fixed costs o
Yuki888 [10]

Answer:

B. To plan​ production, marketing, and budgets

Explanation:

A company needs to know accurately the demand for a good or service because it has to determine what kind of customer it is and plan the marketing accordingly. Additionally, that information will be valuable in planning plan its production volume. And afterward, with that information in hands, knowing fixed and varied costs, marketing costs and others, plan the budget accordingly. Pricing, fixed costs, demand slope, and potential sales will be determined by other factors that can include but are not limited to demand estimation.  

4 0
3 years ago
Other questions:
  • When reactions to a small scale marketing effort are used to predict reactions in a larger​ area, the testing method​ is:The alt
    12·1 answer
  • The assembly department had beginning work in process of 18,000 units, ending work in process of 22,000 units, and units transfe
    10·1 answer
  • In the late 1990s, the United States experienced very high GDP growth, record low unemployment rates, and virtually nonexistent
    13·1 answer
  • An investment of cash by stockholders into the business will
    9·1 answer
  • __________ is a growing tool for managers to enhance communication and collaboration in support of empowered or bossless work en
    6·1 answer
  • Carl sonntag wanted to compare what proceeds he would receive with a simple interest note versus a simple discount note. both ha
    7·1 answer
  • To pay for her college education, Gina is saving $2,000 at the beginning of each year for the next eight years in a bank account
    14·1 answer
  • Your financial investments consist of U.S. government bonds maturing in twenty years and shares in a start-up internet company.
    5·1 answer
  • Who is responsible for providing the equipment employees need to stay safe on the job?
    9·1 answer
  • Public relations has more power to influence consumers than other forms of corporate communication because
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!