First, convert interest to the effective annual interest rate using this formula:
(1 + i/m)^m - 1, where m = 2 for semiannual and m = 12 for monthly. Then, use this formula to find the future worth:
F = P(1+i)^n, where P is $726.19 and <span>$855.20, respectively, for Card P and Q. n is equal to 4.
Card P: F = 1080.704
Card Q: F = 1206.284
Then, find the amount decrease by subtracting F - P.
Card P: F - P = $354.514
Card Q: F - P = $351.084
The difference between the two is $3.43. Thus, the answer is C.</span>
Answer:
.4792 or 47.92%
Explanation:
The computation of the weight of C is shown below:
But before that first determine the following things
For A is
= 100 × $22
= $2200
For B
= 600 × $17
= $10200
For C
= 400 × $46
= $18400
For D
= 200 × $38
= $7600
So,
Total = 38400
And, finally
weight of C is
= $18,400 ÷ $38,400
= .4792 or 47.92%
If you are in a car accident cause by someone else who also has insurance, the type of insurance plan that will not require you to pay out of pocket costs is liability insurance. If the car accident was not your fault and the person who caused the accident is also insured the claim should be paid by him under his coverage and your pocket will be safe as well as your insurance will not be affected.
Answer:
The company's cash conversion cycle is 75 days
Explanation:
The conversion cycle is the number of days that a business takes to convert its investment in inventory into cash flowing from the purchase and sales of the business.
Conversion cycle = Payable days + Inventory in Stock days + Receivable days
where
Payable days = Purchases term = 30 days
Inventory in stock = Number of days until inventory remains unsold = 60 - 30 days = 30 days ( As payable days are already included in inventory conversion days )
Receivable days = Sales term = 15 days
Placing values in the formula
Conversion cycle = 30 days + 30 days + 15 days
Conversion Cycle = 75 days
