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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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Walker Telecommunications has a quick ratio of 2.00x, $35,550 in cash, $19,750 in accounts receivable, some inventory, total cur
laiz [17]

Answer:

c) 8.44x

Explanation:

Total current assets = cash + account receivable + inventory

⇔ $79,000 = $35,550 + $19,750 + Inventory

⇒ Inventory = $79,000 - $35,550 - $19,750 = $23,700

The inventory circles based on annual sales = Sales/ inventory = $200,000/ $23,700 = 8.44

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3 years ago
You have been hired as a consultant to Freedom Inc. a consumer-focused financial institution intending to enter the Ghanaian mar
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firstly; the area to start with. find out more about the place. Their income and the rate at which goods are sold there.

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2 years ago
Vanessa contributed $20,000 of cash and land with a fair market value of $100,000 and an adjusted basis of $40,000 to Cook, Inc.
IRISSAK [1]

Answer:

Vanessa's tax basis in cook inc.           $50,000

Explanation:

Given:

Cash = $20,000

Fair market value = $100,000

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Now,

For the tax basis

             cash                                          $30,000

add;      Land ( adjusted basis )             $40,000

less ;     Mortgage                                  $20,000

============================================

Vanessa's tax basis in cook inc.           $50,000

============================================

6 0
3 years ago
Which of the following statements is TRUE?
shusha [124]

Strategic partnerships are seen as one of the foundations of supply chain management.

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3 years ago
Help please!! Facilities managers and records and information managers are two categories of what type of job?
Elena-2011 [213]

Answer:

B.

Explanation:

This is the answer

Facility Manager= B.

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