Answer:
- 1. <em>For the amount to double</em>: <u>9.37 years</u>
- 2. <em>For the amount to triple</em>: <u>14.85 years</u>
Explanation:
The equation for continuosly compounded interest is:
Where:
- P is the amount that you invest today: $1,300
- F is the value after t years: the double or triple of $1,300
- r is the annual interest rate: 0.074
<u>1. For the amount to double:</u>
Substitute the values and solve for t:
<u>2. For the amount to triple:</u>
<u />
Answer:
Premium = $5.76 -$5.51 = 0.25
Percentage of premium = 0.25/5.76 x 100
= 4.34% premium
The correct answer is A
Explanation:
This is an indirect quote in which dollar is fixed and shekels is variable. In order to obtain the 180-day forward rate, premium of $0.25 has been deducted. In indirect quote, premium is deducted from the spot rate in order to determine the forward rate ie $5.76 - $0.25 = $5.51. The percentage of premium is calculated as premium divided by spot rate multiplied by 100.
Answer:
violates the matching principle
Explanation:
The direct write-off method is an accounting method for recognizing bad debts expense arising from credit sales when individual invoices has been identified as uncollectible.
In Accounting, one of the weaknesses of the direct write-off method is that it violates the matching principle.
The direct write-off method is a method of accounting for uncollectible receivables.
<span>IP-PBX Internet Protocol Private Branch Exchange is a system used to allow switching between Voip and local landlines while maintaining open lines on each phone. An IP-BPX system can switch between VoIP and landline calls or between 2 landline calls. </span>
Answer:
Net income= $98,200
Explanation:
Giving the following information:
Division A:
The contribution margin of $79,300
Division B:
Contribution margin of $126,200.
The total traceable fixed costs are $72,400 and total common fixed costs are $34,900.
<u>To calculate the net operating income, we need to deduct from the combined contribution margin the fixed costs.</u>
<u></u>
Net income= (79,300 + 126,200) - 72,400 - 34,900
Net income= $98,200
