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dimulka [17.4K]
3 years ago
15

A sum of $6,500 deposited in an account grows to $8,000 in 9 years. Assuming annual compounding, what interest rate is being pai

d
Business
1 answer:
earnstyle [38]3 years ago
8 0

Answer:

The interest rate would be 2.33%, bringing the total after 9 years to $8,000.06

Explanation:

The final balance would be $8,000.06 and a total compound interest of $1,500.06

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Saar Associates sells two licenses to Kim & Company on September 1, 2021. First, in exchange for $100,000, Saar provides Kim
Vladimir79 [104]

$110,000 revenue will Saar recognise in 2021 under this arrangement

Solution:

First, in exchange for $100,000

Second, in exchange for $90,000

Saar provides Kim with a three-year right to market Kim's financial advisory services under the name of Saar Associates , Whereas to calculate the revenue :  \frac{4}{36} = \frac{1}{9} ( 90,000)

So , 100,000 + 10,000 = 110,000

6 0
3 years ago
Morris owns a bicycle store. he often leaves daniel in charge of the store. one saturday evening, after daniel leaves the store,
White raven [17]
If Daniel took the cash, he could be found guilty of the crime of embezzlement. Embezzlement is a specific type of theft. It is when someone was entrusted with someone else's property (like an employer) and they steal some/all for their personal benefit.

Hope this helps! :)
3 0
4 years ago
Read 2 more answers
Robert Necco and Nelson Packard are economists at Economic Research Associates. ERA asks Necco and Packard for their opinions ab
Lorico [155]

Answer: B) Correct Incorrect

Explanation:

Whilst it was generally believed at some point that raising taxes and Government Spending by the same amount would have no effect, research has disproven this thought.

This is because it was shown that an increase in Government Spending leads to a larger increase in GDP than an increase in taxes reduces it.

This is because when the Government spends money, the Multiplier effect of Government Spending is always 1 more than that of the Taxes therefore raising taxes and spending by the same amounts still increases the Real GDP because Government Spending will create more income than taxes will take.

Necco is right, Packard is wrong.

8 0
4 years ago
If it is approved by legislators in member countries, the United States-Mexico-Canada Agreement (USMCA) will replace the existin
Ann [662]

If the United States-Mexico-Canada Agreement eventually get approved by the legislators in member countries, it will replace the existing North American Free Trade Agreement.

<h3>What is the United States-Mexico-Canada Agreement?</h3>

The agreement is expected to bring a support of beneficial trade amont members which will lead to free markets, fairer trade, and robust economic growth in the continent.

Hence, the approval of the agreement will lead to replacement of the North American Free Trade Agreement that served almost the same purpose.

Read more about USMCA

<em>brainly.com/question/3700351</em>

4 0
2 years ago
The three fitness apps that Under Armour acquired are industry leading apps, with large user bases, in the fast-growing market o
Jobisdone [24]

The apps stated above will be marked as <u>Stars </u>on Under Armours Market Growth/Market Share matrix.

<h3>What do <u>STARS </u>mean on the Market Share/Market Growth/BCG Growth-Share Matrix?</h3>

The two keywords which define stars on the matrix are:

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Any product that is projected as fast-growing and which comprises a huge portion of the market is referred to as "Stars" on the growth matrix.

Other categories of the growth matrix are:

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Please see the link below for more about Market Growth Matrix:
brainly.com/question/24515909

5 0
3 years ago
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