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zhuklara [117]
3 years ago
15

Consider a $2,700 deposit earning 6 percent interest per year for 9 years. How much total interest is earned on the original dep

osit (excluding interest earned on interest)?
Business
1 answer:
kaheart [24]3 years ago
5 0

Answer:

Total interest earned on the original deposit=$403.593

Explanation:

Total Interest earned after 6 years using compound Interest:

FV=PV(1+i)^n

Where:

PV is the deposit amount

i is the interest Rate

FV=\$2,700(1+0.06)^9

FV=$4561.593

Total Interest earned after 6 years=FV-PV

Total Interest earned after 6 years=$4561.593-$2,700

Total Interest earned after 6 years=$1861.593

Total Interest earned after 6 years using single Interest:

Total Interest=$2,700*0.06*9

Total Interest =$1458

Total interest earned on the original deposit=Total Interest earned after 6 years-Total Interest

Total interest earned on the original deposit=$1861.593-$1458

Total interest earned on the original deposit=$403.593

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Palepu Company owns and operates a delivery van that originally cost $38,080. Straight-line depreciation on the van has been rec
Readme [11.4K]

Answer and Explanation:

The computation is shown below;

But before that the depreciation expense per year is

Depreciation per year = (Cost - Residual value) ÷ Useful life

= ($38,080 - $2,800) ÷ 6 years

= $5,880

1.Net book value as on disposal date is

= $38,080 - ($5,880  × 3)

= $20,440

2.

We know that

Gain on sales = (Sales - Book value)

Gain = $(20,400 - 20,400) = 0

a. Loss = $13,000 - $20,440 = -$7,440

b. Loss = $10,000 - $20,440 = -$10,440

4 0
2 years ago
In which of the following would cooperation be most likely to work in a repeated​ prisoners' dilemma​ game?
levacccp [35]

Answer:

Option C is correct.

<u> When the game will be repeated infinitely.</u>

Explanation:

The collaborations will undoubtedly work in a repeated​ prisoners' dilemma  game when the game will be rehashed infinitely.  

A rehashed detainees problem games alludes to a game technique wherein the game is either rehashed finitely or infinitely..  

The collaborations choose to work with boundlessly rehashed games by participating and embracing a socially ideal methodology.  

The principle point of cooperations is to expand their settlements in future and this is conceivable just through the selection of the interminably rehashed game system in which they need to co-work endlessly with different firms.  

As per this gaming procedure, if any of the Cooperation or firm digresses from the agreeable system, they will get decreased settlements in future.

8 0
3 years ago
Ricardo paid an annual premium of $1,200 in total liability coverage for his car, including up to $200,000 in bodily injury cove
Umnica [9.8K]

Answer:

No, the cost of the annual premium for 10 years was less than the accident claims

Explanation:

Since in the question it is mentioned that the annual premium is $1,200, $200,000 is the bodily injury coverage and $100,000 should be the property damage coverage

Also the $40,000 and $20,000 represent the medical cost and the car damage

So here the cost should not outweight the benefit of the transferring the risk as the annual premium cost for ten years should be lower than the accident claims

3 0
3 years ago
the maxim company purchased a building for $500,000. the building was appraised at $575,000. which accounting principle requires
love history [14]

Business entity assumption is required to maxim to record the building at $500,000.

<h3>What is Business entity assumption?</h3>

Business entity assumption, also known as separate entity assumption or the economic entity concept, is an accounting principle that argues that all businesses must maintain their financial records independently of their owners and other businesses. All revenue generated by the company's operations must be reported as revenue, and all expenses must be those directly related to the maxim. Any owner's personal expenses shouldn't be charged to the business. Due to the precise separation of the Business entity assumption, the firm may be examined for tax and profitability using accurate financial data rather than a maxim combination of personal and business money.

To learn more about Business entity from the given link

brainly.com/question/14117518

#SPJ4

8 0
1 year ago
Andrew is a 16-year-old who doesn't participate in any sports or clubs in school, and does not attend social events or have a gi
strojnjashka [21]
Andrew would considered rejected.
He is rejected by everyone in his society in school - he has no friends, no girlfriend, and it is all because of his really bad qualities. I don't think he would be considered outcast because outcasts don't have such bad qualities - it is just that someone decided to cast them out for no apparent reason.
8 0
3 years ago
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