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kotegsom [21]
2 years ago
3

Travis invested $8,000 in an account that pays 4 percent simple interest. How much more could he have earned over a 7-year perio

d if the interest had compounded annually?
Business
1 answer:
Pie2 years ago
5 0

Answer:

extra income = $287.45

Explanation:

given data

invested = $8,000

interest rate = 4 %

time period = 7 year

solution

we get here first Interest that is as simple interest

interest = Principal × rate × time   ...........1

interest = $8000 ×  7 ×  0.04

interest = $2240

so total amount will be

total amount = $2240 + $8000

total amount = 10240

when compounded annually

amount will be

Amount = Principal × (1+r)^{t}    ........................2

Amount = $8000 × (1+0.04)^{7}  

Amount = $10527.45

so extra income earn will be

extra income = $10527.45  - $10240

extra income = $287.45

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A nursing facility has a gross income of $486,000, fixed expenses of $300,000, and variable expenses of $150,000. what is the ap
Tcecarenko [31]

Based on the information provided:

Gross income is $486,000

Fixed expenses: $300,000

Variable expenses: $150,000

To find the percentage of gross profit first figure out the difference between the gross income and expenses which is: $486,000 - $300,000 - $150,000 = $36,000 then divide the gross income by the profit 486,000/36,000 and the answer is 13.5%.

7 0
2 years ago
Identify an element of a successful persuasive tweet.
Sever21 [200]

Many companies use blogs and tweets to help develop a positive online presence.

Option B : To fit in all the AIDA elements, break a longer message into a multi-part tweet.

Explanation:

Websites and Twitter accounts of businesses are strong marketing resources which can help to portray an optimistic and knowledgeable presence online.

The concepts underneath AIDA even now relate to micro-names, even though you likely won't use the complete, four-part plan. Using catching and interesting interest recipients, and seek to always have a call for action. Do not spread endless retweets, numerous tweets, or other things that are more distressing to your viewers than they receive.

7 0
2 years ago
Before prorating the manufacturing overhead costs at the end of 2020, the Cost of Goods Sold and Finished Goods Inventory accoun
AnnZ [28]

Answer:

$2069

Explanation:

Given

Applied overhead costs of Goods sold = $59,300

Applied overhead cost of finished goods = $38,000

Overhead Balance = $97,300

Overhead Cost = $92,000

Overapplied Overhead = Overhead Balance - Overhead Cost

Overapplied Overhead = $97,300 - $92,000

Overapplied Overhead = $5,300

Allocated Amount = (Applied Overhead * Finished Goods /(Overapplied Overhead)

Allocated Amount = ($5,300 * $38,000) ($59,300 + $38,000)

Allocated Amount = ($5,300 * 38,000) (97,300)

Allocated Amount = $2069

5 0
2 years ago
Read 2 more answers
There are two aspects of efficiency that the equilibrium of market for loanable funds exhibits. Select the TWO statements that c
Mashutka [201]

Answer:

a. Savers who lend money are willing to accept a lower minimum interest rate than potential savers who do not lend money.  

b. Investment projects that are financed by savers have larger rates of return than projects that do not receive financing.  

Explanation:

Loanable funds refer to the aggregate amount of money that all sectors, entities and individuals within an economy have decided to keep as an investment, instead of spending on personal consumption, by saving and giving them out as loans to borrowers.  

The market for loanable funds is in equilibrium when the supply of loanable funds by the saver is equal to demand for loanable funds by the borrowers at a given interest rate.

When the market for loanable funds is in equilibrium, efficiency is maximized because projects that have higher rates of return are given priority to be funded first before the projects with lower rates of return are funded. The reason is that savers that have lowest costs of lending provides funds for the projects that have highest return rates in equilibrium. However, potential saver who do not lend money will prefer a higher interest rates.

Therefore, the correct options related to the two aspects of efficiency that the equilibrium of market for loanable funds exhibits are as follows:

a. Savers who lend money are willing to accept a lower minimum interest rate than potential savers who do not lend money.  

b. Investment projects that are financed by savers have larger rates of return than projects that do not receive financing.  

5 0
2 years ago
Trickle Corporation's 12 percent coupon rate, semiannual payment, $1,000 par value bonds mature in 25 years. The bonds currently
kap26 [50]

Answer:

The correct answer is 9.56%

Explanation:

Before tax cost of Debt = rate(nper,pmt,pv,fv) * 2

nper = 25*2 = 50

pmt = 1000*12%*1/2 = 60

pv = 1230.51

fv = 1000

Before tax cost of Debt = rate(50,60,-1230.51,1000)*2

Before tax cost of Debt = 9.56%

7 0
2 years ago
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