Homemade leverage is:

Fatuma invests a total of $22,000 in two accounts. The first account earned a rate of return of 15% (after a year). However, the

Lesechka [4]

Answer:

$7,500 was invested in the account that gained 15%, while $14,500 was invested in the account that lost 7%.

Explanation:

Given that Fatuma invests a total of $ 22,000 in two accounts, and the first account earned a rate of return of 15% after a year while the second account suffered a 7% loss in the same time period, and at the end of one year the total amount of money gained was $ 110.00, to determine how much was invested into each account, the following calculation must be performed:

11,000 x 0.15 - 11,000 x 0.07 = 880

5,000 x 0.15 - 17,000 x 0.07 = -440

8,000 x 0.15 - 14,000 x 0.07 = 220

7,000 x 0.15 - 15,000 x 0.07 = 0

7,500 x 0.15 - 14,500 x 0.07 = 110

Therefore, $ 7,500 was invested in the account that gained 15%, while $ 14,500 was invested in the account that lost 7%.

8 0

3 years ago

________ are a means for consumers to share text, images, audio and video information with each other and with companies, and vi

Arte-miy333 [17]

Answer:

Social Media.

Explanation:

Social media are increasingly being used by people and companies around the world. Through it it is possible to share information, photos, videos, social interactions, etc.

For companies, these platforms are more than just an interaction tool, they can act as a marketing channel that will strengthen the relationship with the consumer, in addition to attracting new customers, strengthening the brand image, engaging consumers, creating shopping desires, providing data on consumer trends, etc.

5 0

3 years ago

Read 2 more answers

A woman earned wages of $32 comma 000, received $2600 in interest from a savings account, and contributed $3500 to a tax-d

PilotLPTM [1.2K]

Answer:

1. Gross income = $34,600

2. Adjusted gross income = $31,100

3. Taxable income = $19,960

Explanation:

Given data;

Earned wages = $32,000

Interest received = $2600

Tax contribution = $3500

Personal exemption = $4050

Deductions = $7090

1. Gross income; All earnings before any tax payment or deductions

Gross income = $32,000 + $2600

=$34,600

2. Adjusted gross income:

The adjusted amount from the question is $3500,

Therefore,

Adjusted gross income = Gross income - adjusted amount

= $34,600 - $3500

= $31,100

3. Taxable income: It's calculated using the formula;

Taxable income = adjusted gross income - exemption + deductions

Substituting, we have;

Taxable income = $31,100 - ($4050+ $7090)

= $31,100 - $11,140

=$19,960

4 0

3 years ago

Today, you invest a lump sum amount in an equity fund that provides an 8% annual return. You would like to have $11,700 in 6 yea

V125BC [204]

Answer:

$7,372.99

Explanation:

Discounting is the method used to determine the present worth of a future amount which compounding is used to determine the future worth of a present amount. The relationship between both is such that;

Fv = Pv(1 + r)^n

where

Fv = future amount

Pv = present amount

r = interest rate and

n = time

The future amount = $11,700

time = 6 years

rate = 8%

$11,700 = Pv(1 + 0.08)^6

Pv = $11,700(1 + 0.08)^-6

Pv = $7,372.99

You need to deposit $7,372.99 today to reach your $11,700 goal in 6 years.

8 0

3 years ago

Blue Company uses special strapping equipment in its packaging business. The equipment was purchased in January 2019 for $12,200

PtichkaEL [24]

Answer:

Journal Entry - Impairment

Debit : Impairment Loss, $854,000

Credit: Accumulated Impairment Loss, $854,000

Journal entry - Depreciation

Debit : Depreciation expense, $2,135,000

Credit : Accumulated Depreciation, $2,135,000

Explanation:

Impairment loss is the excess of the Carrying Amount of an Asset over its Recoverable Amount.

Carrying Amount

Carrying Amount = Cost - Accumulated Depreciation

Depreciation Calculation (Straight line) : (Cost - Salvage Value) / Number of Useful life

2019 = ($12,200,000 - $0) / 8

= $1,525,000

2020 = $12,200,000 - $1,525,000 / 5

= $2,135,000

Note the change in useful life is applied from beginning of the year hence (4+1) years.Also the adjustment is only made in 2019 not retrospectively.

Carrying Amount = $12,200,000 - $1,525,000 - $2,135,000

= $ 8,540,000

Recoverable Amount

Is the higher of :

Fair Value less Cost to sell : $6,832,000 or,
Value in use : $7,686,000

Therefore Recoverable amount is $7,686,000

Impairment test

Carrying Amount : $ 8,540,000 > Recoverable amount : $7,686,000

The equipment is impaired.

Impairment loss is $ 8,540,000 - $7,686,000 = $854,000

Journal Entry - Impairment

Debit : Impairment Loss, $854,000

Credit: Accumulated Impairment Loss, $854,000

Journal entry - Depreciation

Debit : Depreciation expense, $2,135,000

Credit : Accumulated Depreciation, $2,135,000

4 0

2 years ago