1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Anon25 [30]
2 years ago
11

If a person has $1,000 in a savings account and earns $20 a year in interest on that account, the rate of return on the money is

close to
Business
1 answer:
Lubov Fominskaja [6]2 years ago
7 0

Answer:

2%

Explanation:

You might be interested in
The concept of materiality:
KonstantinChe [14]

Answer:

The answer is b Justifies ignoring the matching principle in certain circumstances.

Explanation:

6 0
3 years ago
Read 2 more answers
A metallurgist has one alloy containing 26%26% copper and another containing 69%69% copper. How many pounds of each alloy must h
Brilliant_brown [7]

Answer:

Ans. He must use 2,987.76 pounds of alloy X (Cu=69%) and 2,365.24 pounds of alloy Y (26%=Cu)

Explanation:

Hi, let´s call alloy X the alloy that contains 69% of Cu and alloy Y the one containing 26% of Cu. Since he needs to produce 5,353 pounds of alloy, the first equation that we need to use is the following.

X+Y=5,353

Now, we need this 5,353 pounds of the new alloy to be 50% Cu, therefore, we have to use a portion of alloy X and alloy Y. This is as follows.

0.69X+0.26Y=0.5(X+Y)

And we have already established that X+Y is equal to 5,353, therefore this equation should look like this.

0.69X+0.26Y=5,353*0.5

0.69X+0.26Y=2,676.5

And we solve for X this equation, this as follows.

0.69X=2,676.5-0.26Y

X=\frac{2,676.5-0.26Y}{0.69}

X=3,878.98-0.3768Y

Now, we use this result and substitute this for X in the first equation like this.

3,878.98-0.3768Y+Y=5,353

and then, we solve for Y

0.6232Y=5,353-3,878.98

Y=\frac{1,474.02}{0.6232} =2,365.24

So, he needs to use 2,365.24 pounds of alloy that contains 26% of Cu, this means that the rest (2,987.76 pounds) must come from the alloy that contains 69% of Cu.

We can check this result by finding the overall Cu obtained by this amounts of alloy, that is

Coppper FromX=2,987.76*0.69=2,061.55

Coppper FromY=2,365.24*0.26=614.96

That adds up to 2,676.51 pounds of pure Cu, and since the total weight of the new alloy is 5,353, this amount of copper makes up for:

PercentCu=\frac{2,676.51}{5,353} =0.5

50% of the total weight.

Best of luck.

7 0
3 years ago
Joe and Rich are both considering investing in a project that costs $25,500 and is expected to produce cash inflows of $15,800 i
miv72 [106K]

Both Joe and Rich should accept this project.

D) Both Joe and Rich

<u>Explanation:</u>

NPVJoe= $25,500 + $15,800 / 1.085 + $15,300 / 1.085^2

NPVJoe= $2,058.88

NPVRich= –$25,500 + $15,800 / 1.125 + $15,300 / 1.125^2

NPVRich= $633.33

Here Joe and Rich both invested a total amount of $25,500 and they are expected to get cash inflows of $15,800 and $15,300 in the year 1 and year 2 respectively they both has their own different rates of return i.e. 8.5% and 12.5% so we can calculate the net principle value of Joe is $2,058.88 and that of Rich is $633.33.

8 0
3 years ago
Escalation bias refers to the situation in which:_______. a. investors put more money into a failure rather than into a success.
olchik [2.2K]

Answer:

a. investors put more money into a failure rather than into a success.

Explanation:

The escalation bias is a part of behavioral finance. In this the investor is not accepting their mistake if they had done any kind of mistake. Rather accepting it they put more money in the asset that performed poorly also at the same time the bad news is ignored by them, they only focused to invest more and more in the stocks

hence, the correct option is a

4 0
2 years ago
All of the following are valid ways to purchase open-end mutual funds except: Multiple Choice A reinvestment plan. A regular acc
amid [387]

An open-end mutual fund cannot be bought from the securities market via a contractual savings plan, as investment is made for a predetermined period during this.

<h3>What are open-end mutual funds?</h3>

Mutual funds, which are open-end, are easily available to be bought by any person who wishes to invest a part of his capital into such asset classes are called open-end mutual funds.

They can be bought voluntarily and have no lock-in periods, and thus are readily available to be bought and sold in the secondary market.

The reason a contractual savings plan cannot be used to buy open-end mutual funds is because such saving plans have lock-ins and are subject to be invested for a fixed period.

Hence, option D; a contractual savings plan cannot be utilized for the purpose of purchasing an open-end mutual fund.

Learn more about open-end mutual funds here:

brainly.com/question/6867027

#SPJ1

7 0
1 year ago
Other questions:
  • Salah’s net income for the year ended December 31, Year 2 was $191,000. Information from Salah’s comparative balance sheets is g
    11·1 answer
  • Which of the following best describes the amount of money you'll have if you put $1,000 into a savings account earning 1% annual
    8·1 answer
  • John's car is hit by ben's truck. a doctor tells john that he will be disabled only temporarily. ben's insurance company offers
    7·1 answer
  • Often an employer will open an interview with, "tell me about yourself." what question is the employer really asking?
    15·1 answer
  • Aaron has designed innovative accessories for hard-core bicycling enthusiasts.He knows where and how he will make them,and he ne
    8·1 answer
  • arn​ Basket, Ltd., sells​ hand-knit scarves. Each scarf sells for​ $40. The company pays​ $150 to rent a vending space for one d
    11·1 answer
  • Marshall benefits by receiving income so that he can continue to – goods and services while searching for a new job, which benef
    11·1 answer
  • In skill-based pay systems, performance measures are primarily based on _____.A. supervisor's appraisalB. individual productivit
    11·1 answer
  • Broomhilda manufactures broomsticks for her fellow witch (and wizard) friends. Broomhilda uses a job order cost system and appli
    14·1 answer
  • Why is it important that the whole organization works toward the strategic plan? How do the departments affect each other in rea
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!