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3 years ago

If you were paid $952 today, and you invested it at a 5% interest rate, how much would you have a year from now?

Business

1 answer:

myrzilka [38]3 years ago

3 0

Answer:

Depends on if its simple or compund bu since your investing to earn, ill estimate they want the compound answer which is 999.60 which can be rounded to $1000. If they want it rounded, its $1000 if they dont, it's none of the above

Explanation:

A=P(1+r)t

A=952(1+0.05)1

A=952(1.05)1

A=952(1.05)

A=952x1.05

A=999.60 which can be rounded to 1000

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4 years ago

ang Co. manufacturers its products in a continuous process involving two departments, Machining and Assembly. Journalize the ent

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Answer:

Raw Materials $180,000 (debit)

Accounts Payable $180,000 (credit)

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Work In Process Machining : Indirect Materials $9,000 (debit)

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3 years ago

Mrs. Smith operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of pro

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Answer:

Mrs Smith either shut down the business or invest in efficient equipements that lowers the total cost to below $7

Explanation:

The reason is that the you can not make profit if you product is sold in the market at a higher price than the competitor who offers the same product with the same features. So here, Smith can not make profits by selling the product at $8 because here total cost is $8.25 per unit.

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3 years ago

A customer has purchased 1,000 shares of ABC stock at $44 per share, paying a commission of $1.00 per share for the transaction.

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Answer:

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6 0

3 years ago