answer.
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
RideAnS [48]
2 years ago
5

Diana can either invest $20,\!000$ dollars for $4$ years with a simple interest rate of $6\%$ or an interest rate of $7\%$ which

compounds quarterly. How many more dollars, rounded to the nearest dollar, would she get with the better interest rate than with the worse one?
Business
2 answers:
Verizon [17]2 years ago
6 0

Answer:

$34,243.28

Explanation:

Simple interest = P x r x t

where:

P = Principal

r = rate

T = time

Therefore simple interest = 20,000 x 6% x 4 = $4,800

Compound Interest = ((P*(1+r)^n) - P),

where P is the principal,

r is the annual interest rate = 7%, and

n is the number of periods = 4 years x 4 quarters a year.

Therefore compound interest = ((20000 (1+0.07)^16)-20000) = $39,043.28

Difference in interest = $39,043.28 - $4,800 = $34,243.28

olganol [36]2 years ago
6 0

Answer:

$1,599

Explanation:

Maria has two alternative investment opportunities:

investment A:

interest earned = present value x r x n = $20,000 x 6% x 4 years = $4,800

investment B:

future value = present value x (1 + r)ⁿ

  • r = 7% / 4 = 1.75%
  • n = 4 years x 4 = 16 quarters

future value = $20,000 x (1 + 1.75%)¹⁶ = $20,000 x 1.0175¹⁶ = $26,398.59 ≈ $26,399

interest earned = future value - present value = $26,399 - $20,000 = $6,399

the difference between the amount of interest earned = $6,399 - $4,800 = $1,599

You might be interested in
Crafty Cookbooks Inc. is a large publisher that focuses on developing cookbooks with recipes from around the world. Recently, si
Gekata [30.6K]

Answer:

Job enlargement strategies increase job satisfaction more than job rotation strategies

Explanation:

The job enlargement refer to do multiple task at the same time. It includes more responsibilities and duties at the same level in the organization so that the employee cant bore from their day to day work. It reduces the boredom of the employees at the time time it also focuses on the employee satisfaction level.

Whereas the job rotation means the switching of job from one job to another so that they grow in near by future.

In the given situation, the Crafty cookbooks change its working way due to which many employees are frustrated which results into the quitting of job, firing of employees, etc that represents the job enlargement with job satisfaction and more than job rotation  

8 0
2 years ago
Suppose Hoosiers, a specialty clothing store, rents space at a local mall for one year, paying $22,800 ($1,900/month) in advance
Tems11 [23]

Answer:

1.

                                                        Debit                       Credit

Prepaid Rent                                   $22,800

Cash                                                                                 $22,800              

2.

                                                                  Debit             Credit

Rent expense(22,800*3/12)                    $5,700

Prepaid Rent                                                                   $5,700            

3.

Prepaid rent=22,800-5,700=$17,100

Rent expense=$5,700

Explanation:

1.

On October 1, , the following journal entry will be recorded in respect of the advance rent paid by the Hoosiers for one year of rent space at local mall:

                                                        Debit                       Credit

Prepaid Rent                                   $22,800

Cash                                                                                 $22,800              

2.

The year end given in this question is December 31 and the prepaid rent is  paid for one year and since the rent is paid on October 1,  therefore, only expense in respect of 3 months i.e. from October to the December  will be recognised in this year in respect of rent expense. Remaining expense of nine months will be recognised in the next year.

The following adjusting Journal entry will be recorded in respect of rent expense in accounts on December 31.

                                                                  Debit             Credit

Rent expense(22,800*3/12)                    $5,700

Prepaid Rent                                                                   $5,700            

3. The year end adjusting balance of prepaid rent and rent expense will be calculated as

Prepaid rent=22,800-5,700=$17,100

Rent expense=$5,700

4 0
2 years ago
what is usually at the end of a business email? a. signature b. greeting c. addresses d. subject line
kolbaska11 [484]
At the end of a business email there is usually a signature or closing line or statement.
8 0
2 years ago
Read 2 more answers
The number at the bottom right of each supplier’s box shows the portion of Boeing’s costs in thelast year that went to that supp
vaieri [72.5K]

Answer:

both

  • United Continental with a capital expenditure of 60.68%
  • Southwest Airlines with a capital expenditure of 51.38%

Explanation:

Since United Continental's purchases of Boeing planes represent over 60% of their capital expenditures, this means that Boeing had to be the primary plane supplier. Even if the company purchased planes form other manufacturer, their purchases would not even be 40% of the company's purchases.

The same applies to Southwest Airlines, even though the purchases from Boeing are a little lower, they are still over 51%. This means the company could not have spent more money on purchasing planes from another company. The maximum purchase from another airplane manufacturer would have been less than 49% at most.

Besides the previous analysis, you must also consider that the company spends money on things besides airplanes, e.g. new training facilities, equipment, computer software, other vehicles, etc.

5 0
2 years ago
If the quote for a Treasury bond is listed in the newspaper as 98.2812 bid, 98.4062 ask, the actual price at which you can purch
azamat

<u>Solution and explanation:</u>

<u>Given data: </u>

Ask price: 98.4062, bid price: 98.2812, par value of the bond: $10,000

<u>The following formula is used in order to calculate the actual value of the bond </u>

The ask price will be used while calculating the actual value of the bond and the par value of the bond will be used

Ask price will be multiplied with par value of the bond and divided by 100

98.4062(10000) / 100= $9840.62

Therefore, the par value as per the above calculation is $9840.62

3 0
2 years ago
Read 2 more answers
Other questions:
  • Percy’s GPA is 2.75, so he should list it on his résumé. T/F
    15·2 answers
  • ______________ may backfire if employees become aware but is a tactic that can overcome resistance to change in a rather inexpen
    12·1 answer
  • Unter Components manufactures low-cost navigation systems for installation in ride-sharing cars. It sells these systems to vario
    7·1 answer
  • Nathan works as an accountant for a mid-sized retail store. He has just completed a trial balance that resulted in no unexpected
    14·1 answer
  • The ways in which organizations use the system to provide information for day-to-day decisions about salary, benefits, and recog
    9·1 answer
  • An organization contracts with software developers to produce apps for clients. The organization is paid in part by how well the
    14·1 answer
  • eCompeteUSA is a competitive video gaming tournament company headquartered in Palo Alto, California. Video game tournaments are
    11·1 answer
  • Windswept, Inc. 2011 Income Statement ($ in milions)
    15·1 answer
  • The following data concerns a proposed equipment purchase: Cost$144,000 Salvage value$4,000 Estimated useful life 4years Annual
    15·1 answer
  • Sarah notices a sign in the window of a clothing store advertising a major sale on coats. realizing that she needs a new coat, s
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!