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morpeh [17]
3 years ago
8

Treasure Mountain International School in Park City, Utah, is a public middle school interested in raising money for next year’s

Sundance Film Festival. If the school raises $15,000 and invests it for 1 year at 3% interest compounded annually, what is the APY earned (round to nearest whole percent)?
Business
1 answer:
Genrish500 [490]3 years ago
3 0

Answer:

3%

Explanation:

The annual percentage yield (APY) can be described as the real rate of return that earned on an investment or savings deposit while considering the compounding interest impact. The APY formula is as follows:

Annual Percentage Yield (APY) = (1 + Periodic rate)^n - 1

Where n denotes the number of period. Therefore, for this question, we have:

Annual Percentage Yield (APY) = (1 + 0.03)^1 - 1 = (1.03)^1 - 1 = 1.03 - 1 = 0.03, or 3%.

Therefore, the APY earned is 3%.

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During May, Carolan Corporation transferred $59,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of
dem82 [27]

Answer:

credit to Work in Process of $59,000.

Explanation:

Based on the information given the appropriate l journal entries to record these transactions would include a: CREDIT TO WORK IN PROCESS OF $59,000

Dr Finished goods $59,000

Cr Work in process $59,000

Dr Cost of goods sold $65,000

Cr Finished goods $65,000

6 0
2 years ago
What are the implications of using criteria, such as baldrige, in assessing organizational culture needs? explain
KIM [24]

The implications of using criteria, such as baldrige, in assessing organizational culture needs to:

-Identify successes and opportunities of organization for improvement.

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Baldrige self-assessment helps organizations to assess whether they are developing and deploying a good, balanced and systematic approach for running the organization.

No matter the organization is large or small, and no matter your industry or sector, you can use the Baldrige  Criteria to conduct a self-assessment of the organization.

It provides the best way to evaluate how well your organization is meeting its goals and objectives. Organizations use it to evaluate their processes and their impact on results.

To know more about Baldrige criteria here:

brainly.com/question/27960097

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7 0
2 years ago
Which one of the following would probably benefit the most from personal financial planning services?
BartSMP [9]
The answer is B)<span> Older persons nearing retirement and needing to know what their income will most likely be during retirement

Option D, would be wrong since without the means to have a financial planning assistant would not really be able to achieve much aside from probably saving some more money.

However, older people who are nearing retirement are probably at the top of their careers and have a lot of savings in cash, bongs, stocks and maybe even property.

It is these kinds of people who can get maximum benefit from proper financial planning.
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4 0
3 years ago
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As part of his overall stock portfolio, jason bought a few shares of facebook. in this context, he would best be described as __
larisa86 [58]
<span>As part of his overall stock portfolio, Jason bought a few shares of Facebook. in this context, he would best be described as shareholder of facebook.</span>
5 0
3 years ago
Your mom is thinking of retiring. her retirement plan will pay her either $250,000 immediately on retirement or $350,000 five ye
WITCHER [35]
I will go with choice b for answer
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3 years ago
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