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3 years ago

The function f(x) = 2,000(1 + )12t models the balance in a savings account.

Business

2 answers:

Naddika [18.5K]3 years ago

8 0

? wat class this for

tresset_1 [31]3 years ago

4 0

Answer:

In the exponential function f(x) = P(1 + )nt :

P = principal value

r = the annual interest rate

n = number of compounding periods in a year

t = time in years

For the given function, P = 2,000, r = 0.0225, or 2.25%, and n = 12. So, the interest compounds 12 times a year, or monthly.

Therefore, the savings account had an initial balance of $2,000 and compounds monthly at an interest rate of 2.25%.

Explanation:

Explanation from PLATO

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Rose has a $20,000 basis in the 60% of the Parent Corporation stock that she owns. Parent Corporation owns a 70% interest in Chi

Degger [83]

Answer:

The answer is: Rose will be taxed as receiving a $15,000 dividend distribution.

Explanation:

Since Parent Corporation owns 70% of Child Corporation, for tax purposes they are considered as one single firm. Rose is the main stockholder of Parent Co. so for tax purposes she is also a stockholder in Child Co. When Child Co. gives her $15,000 in exchange for Parent Co. stock, this would be considered as a dividend distribution rather a stock sale.

7 0

3 years ago

January 1, 2016, Karev Corporation granted options to purchase 5,300 of its common shares at $6 each. The market price of common

sergey [27]

Answer:

$1.64 per share

Explanation:

The computation of Number of Shares for computing Diluted Earning per share is shown below:-

Proceeds expected = 5,300 × $6

= $31,800

No. of Shares re-purchased = $31,800 ÷ $11

= $2,891 (rounded)

Net Effect of Stock Option = 5,300 - $2,891

= 2,409 shares

Number of Shares for computing Diluted Earning per share = Outstanding shares + Net Effect of Stock Option

= 71,105 + 2,409

= 73,514

Diluted earnings per share for the quarter = Net income for the quarter ÷ Number of Shares for computing Diluted Earning per share

= $120,805 ÷ 73,514

= $1.64 per share

So, for computing the Number of Shares for computing Diluted Earning per share we simply applied the above formula.

8 0

3 years ago

Which of the following sentences uses colons correctly? Check all that apply. The first four mechanical errors were compounded b

ivanzaharov [21]

Answer:

C. Participants in the seminar will hear lectures on a variety of topics: building professional networks, managing retirement portfolios, and maximizing career opportunities.

Explanation:

In English language, colons introduce clauses/sentences which illustrates, explains, expands, or throws more light on the information/sentence that preceded the colon.

They may be used between independent clauses when the second sentence explains the first sentence.

The answer above informed us what participants will hear at the seminar with the help of a colon.

6 0

3 years ago

Tyler has two savings accounts that his grandparents opened for him. one of the accounts pay 6 % 6% annual interest, whereas the

cluponka [151]

Let x = amount invested in 6% account

300 + x = amount invested in 8% account

6%x + 8%(300 + x) = 94

0.06x +0.08(300 + x) = 94

0.06x + 24 + 0.08x = 94

0.14x + 24 = 94

0.14x = 94 – 24

0.14x = 70

x = 70/0.14

x = 500

Amount invested in 6% account = $500

<span>Amount invested in 8% account = $300 + x = $300 + $500 = $800</span>

4 0

3 years ago

When Frank's income was $100 per week, 10 units of good A were demanded. Now his income is $150 per week and 12 units of goo

Darya [45]

Answer:

a. 0.40

Explanation:

e = % change in demand/% change in income

= (12 - 10)/10/(150 - 100)/100

= 0.40

Therefore, The income elasticity of demand for good A equals 0.04

7 0

3 years ago