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xeze [42]
3 years ago
5

Suppose you decide to deposit $25,000 into a savings account that pays a nominal rate of 15.60%, but interest is compounded dail

y. Based on a 365-day year, how much would you have in your account after three months?
Business
1 answer:
leonid [27]3 years ago
4 0

Answer:

the amount after three months is $25,994

Explanation:

The computation of the amount after three months is as follows:

As we know that

A = P × (1 + rate of interest ÷ number of compounding period)^number of compounding period × time period

Where,

A = Accrued amount

P = Principal = $25,000

r = 15.60%

t = 3 ÷ 12 = 0.25

So,

A = $25,000 × (1 + 0.156 ÷ 365)^365 × 0.25

= $25,994

Hence, the amount after three months is $25,994

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If an international firm has a multi domestic strategy and a relatively high level of product diversity, the best choice for its organizational structure is a(n) worldwide matrix structure.

Despite having their headquarters abroad and having profit centres in other locations, international companies nonetheless keep sizable interests there. US laws often govern parent company operations and governance, and GAAP is typically followed in parent company accounting.

Apple. In the 1970s, Steve Jobs, Steve Wozniak, and Ronald Wayne formed Apple Inc., which is now regarded as one of the most significant International corporations. Apple is a global manufacturer, developer, and retailer of software, streaming, and online services with headquarters in the US.

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2 years ago
The following information is available for Baker Industries: Cost of goods manufactured $ 320,000 Beginning finished goods inven
schepotkina [342]

Answer:

Baker Industries

The Cost of goods sold for the period is:

= $330,000

Explanation:

a) Data and Calculations:

Cost of goods manufactured       $ 320,000

Beginning finished goods inventory 45,000

Ending finished goods inventory      35,000

Cost of goods sold:

Beginning finished goods inventory $45,000

Cost of goods manufactured            320,000

Ending finished goods inventory       (35,000)

Cost of goods sold =                       $330,000

4 0
3 years ago
policy economics is the application of the principles of economics to decision making (choices) by the various arms of the
saveliy_v [14]

Policy economics is the application of the principles of economics to decision making (choices) by the various arms of the government sector.

<h3>What is Policy economics?</h3>
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  • And many other areas of government interventions in the economy, are all included in the concept of the economy of governments.
  • The federal government works to achieve three policy objectives in order to maintain a robust economy: stable pricing, full employment, and economic growth.
  • The federal government has additional objectives to ensure sound economic policy in addition to these three policy goals.
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2 years ago
Yo Mamma Shops, Inc. can open a new store that will do an annual sales volume of $837,900. It will turn over its assets 1.9 time
solong [7]

Answer:

Net Income = $67,032

Return on assets = 0.152 = 15.2%

Explanation:

Profit Margin = Net Income / Net sales

Net Income =Profit Margin x Net sales

Net Income = 8% x $837,900

Net Income = $67,032

Asset Turnover = Net Sales / Average total assets

1.9 = $837,900 / Average total assets

Average total assets = $837,900 / 1.9

Average total assets = $441,000

Return on Assets = Net Income / Average total Assets

Return on Assets = $67,032 / $441,000

Return on Assets = 0.152 = 15.2%

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4 years ago
Propose a theory or model that could be used to support implementation of the strategic plan for this organization. Explain why
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