Answer:
You would have $1,251 more money in second city bank than the first city bank.
Explanation:
First city bank pays 7% simple interest.
Interest = (PRT)/100
Interest = (6000 * 7 * 9)/100 = 378000/100 = $3,780
Amount in first city bank after 9 years = 6000 + 3780 = $9,780
The second city bank pays 7% interest compounded annually, so we would find the amount after 9 years.
P = $6,000
R = 7% = 7/100 = 0.07
T = 9
A = P(1 + R) ^ {t}\\
A = 6000(1 + 0.07)^ {9}\\
A = 6000(1.07)^{9}\\
A = 6000 * 1.838459212420\\
A = 11030.75527452\\
A = 11031
Amount after 9 years in second city bank = $11,031
Difference between first city bank and second city bank: 11031 - 9780 = 1251.
Answer:
Correct answer is B that is <u>Indirect Organizational Pattern</u>
Answer:
B. - 5.71%
Explanation:
Given that
Purchase price = 1000 × 35 = 35000
Selling price = 1100 × 30 = 33000
Recall that
ROI = Net profit/total investment × 100
And that
Net profit = selling price - purchase price
= 33000 - 35000
= -2000
Therefore,
ROI = -2000/35000 × 100
= - 0.05714 × 100
= - 5.71 %
Thus, total return on investment is -5.71%
Answer:
No, he should <u>not</u> pick up the $100 bill
Explanation:
If his salary were those $20 billion (20,000,000,000) by a year. Let's find out how much this is by a second.
First let's find out how much is that salary by <em>a day</em>, then by <em>an hour</em>, then by <em>a minute</em> and finally by <em>a second</em>.
So he would be losing money if he picks up the $100 bill, because he would be missing 634 dollars per second.
Identify
each account as Asset (A), Liability (L), or Equity (E)
A. Accounts
Payable - liability
B. Cash -
asset
C. Owners
Capital- Equity
D. Accounts
Receivable- asset
E. Rent
Expenses - equity
F. Service
Revenue - equity
G. Office
Supplies - asset
H. Owners
Withdrawal - equity
I. Land -asset
J. Salaries
Expenses -equity
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