Determine the interest on the following notes: (Round answers to 2 decimal places, eg. 52.75. Use 360 days for calculation) (a) (b) (c) (d) $1,920 at 6% for 90 days. $1,040 at 9% for 5 months. $2,880 at 8% for 60 days. $1,600 at 7% for 6 months. $ $ $ $
Answers
The interest on the given notes is as follows: (a) $28.80, (b) $38.50, (c) $38.40, and (d) $56.00
To determine the interest in the given notes, we can use the simple interest formula:
Interest = Principal x Rate x Time
Where:
The principal is the initial amount borrowed or invested,
Rate is the annual interest rate, and
Time is the duration in days or months.
(a) $1,920 at 6% for 90 days:
Principal = $1,920
Rate = 6% per annum = 0.06
Time = 90 days / 360 days (assuming a 360-day year)
Interest = $1,920 x 0.06 x (90/360) = $28.80
(b) $1,040 at 9% for 5 months:
Principal = $1,040
Rate = 9% per annum = 0.09
Time = 5 months
Interest = $1,040 x 0.09 x (5/12) = $38.50
(c) $2,880 at 8% for 60 days:
Principal = $2,880
Rate = 8% per annum = 0.08
Time = 60 days / 360 days
Interest = $2,880 x 0.08 x (60/360) = $38.40
(d) $1,600 at 7% for 6 months:
Principal = $1,600
Rate = 7% per annum = 0.07
Time = 6 months
Interest = $1,600 x 0.07 x (6/12) = $56.00
To learn more about interest
https://brainly.com/question/25720319
#SPJ11
Related Questions
Which is an example of a small business showing social responsibility to individuals within the company?
A. starting an office recycling program
B. developing sustainable business practice
C. donating money to local organizations
D. allowing employees to work from home
Answers
Starting an office recycling program, developing sustainable business practice and donating money to local organizations are examples of a small business showing social responsibility to individuals within the company.
Company have a social responsibility to the communities in which they operate. This includes ensuring that they are good corporate citizens, providing support for local causes and charities, and protecting the environment.
Sustainable business is a term that is often used to describe businesses that are environmentally friendly or that have a positive social impact.
Hence, the correct options are "A, B & C".
To know more about social responsibility, click here.
https://brainly.com/question/24176816
#SPJ1
Match the correct economic terms to their description
Answers
Answer:
monetary policy -- Federal government's way of influencing the economy through taxes.
factor market -- A market where firms buy services related to production.
product market -- A market where finished goods and services are traded.
fiscal policy -- Federal reserve's tool to influence the money supply in the economy.
Answer:
monetary policy - Federal reserve's tool to influence the money supply in the economy
factor market - A market where firms buy services related to production
product market - A market where finished goods and services are traded
fiscal policy - Federal government's way to influence the economy through taxes
Intraspecific competition occurs when the same type of species competes with one another for resources. Interspecific competition exists between two or more different species. Which type of competition would be the most disruptive to an ecosystem?
A ) Intraspecific competition and interspecific competition have an equal amount of impact on the ecosystem
B) Intraspecific competition and interspecific competition are very productive and healthy for every type of ecosystem
C) Interspecific competition can be the most disruptive to an ecosystem. The diferent species have the same specific needs or resources. They do not any other options than to compete with one another.
D) intraspecific competition can be intense and adversely affects fitness at high population densities. High population density leads to reduced Survival rates. If this particular species ceases to exist there is not a species that has the same niche
Answers
The most damaging competition between species can be to an ecosystem. The unique requirements or resources are the same for all species. They have no choice but to engage in competition with one another.
The configuration of biotic and abiotic components determines how an ecosystem is structured. This section discusses the distribution of energy in our environment. It also considers the climate that exists in that particular environment. The species and their environment are often in good balance in an ecosystem. An ecosystem may be man-made or natural, based on the land or the sea. The ecosystem is seriously threatened whenever a "foreign" component is added because every living thing in it is essential to its proper operation. This happens because the alien component has a tendency to upset the ecosystem's natural equilibrium.
To learn more about ecosystem refer here:
https://brainly.com/question/13979184
#SPJ4
if the interest rate is higher in the united states than in the united kingdom, and if the forward rate of the british pound (in u.s. dollars) is the same as the pound's spot rate, then
Answers
If the interest rate is higher in the united states than in the united kingdom, and if the forward rate of the british pound interest arbitrage for British investors, covered interest arbitrage might be advantageous.
A method of earning money that entails buying money in one place and selling it in another while using the disparities in interest rates between the two places.
A tax on international transactions was implemented in order to restrict the gains that could be derived from interest arbitrage and exchange-rate fluctuations. By taking advantage of the differential in interest rates between spot and forward contract markets, covered interest arbitrage is a technique for hedging interest rate risk in currency markets. This kind of arbitrage is challenging, but the profits for each trade are small.
Complete question:
if the interest rate is higher in the united states than in the united kingdom, and if the forward rate of the british pound (in u.s. dollars) is the same as the pound's spot rate, then?
To know more about Interest arbitrage visit:
https://brainly.com/question/29052989
#SPJ4
policy implications - a weak dollar is normally expected to cause: group of answer choices high unemployment and high inflation in the u.s. low unemployment and low inflation in the u.s. high unemployment and low inflation in the u.s. low unemployment and high inflation in the u.s. a contemporaneous increase in u.s. imports and exports.
Answers
A weak dollar is expected to cause high unemployment and low inflation.
Unemployment may fluctuate as a result of foreign exchange rate changes. As exports lose some of their competitiveness due to currency appreciation, domestic demand declines. Local businesses may try to minimize expenses by laying off employees, which will raise the unemployment rate.Historically, there has been an inverse correlation between inflation and unemployment. This implies that unemployment decreases as inflation increases. Conversely, higher unemployment results in reduced inflation.Lower aggregate demand results from higher prices, which in turn lowers aggregate supply and lessens the need for labor. In a stagflation, both unemployment and inflation are high because the cause of inflation is a decrease in the overall supply rather than an increase in the overall demand.Thus the correct answer is c.
Refer here to learn more about inflation: https://brainly.com/question/777738
#SPJ4
How does 90 benefit payers?
Answers
Employers have options with 90 Degree Benefits, including reference-based pricing, direct facility contracts, concierge medicine, and standard network design.
We provide health plans built on specially developed benefits tailored to the needs of our clients across the nation through 24 offices servicing 560,000 members.
In our opinion at 90 Degree Benefits, a good health plan offers more than simply coverage. You can effortlessly align patients, providers, and payors with our assistance.
Learn more about the 90 Degree Benefits here:
https://brainly.com/question/29437981
#SPJ4
Police are investigating the site of a convenience store robbery. The glass door was
broken, and it looks as if several packages of cigarettes are missing from behind the
counter. One police officer notices a man walking past the store and gets an odd
feeling about him. He stops the man and insists on searching his pockets. Inside the
man's pockets, police find several packs of cigarettes. They arrest the man and
charge him with the crime. Unfortunately, the judge throws out the charges. What is
MOST likely the judge's reason for dismissal?
A-The man is under 18 years old.
B-The man did not have money to post bail.
C-The policeman did not have probable cause to search the man.
D-The policeman did not have enough evidence that the man was the robber.
Answers
The MOST likely judge's reason for dismissal is the policeman did not have enough evidence that the man was the robber. Thus the correct option is D.
What is Robbery?Theft or robbery is defined as the stealing of someone else's property without their permission and using force or a threat of force that exhibits fear in them to perform any action against them.
To prove a crime against someone requires one to submit enough evidence which helps to establish the claim as the justice system is based on evidence not on arguments.
In the given case, police found the activity of the men suspicious as they found cigarette packets from him. There is no evidence that he has stolen the cigarette packets might be possible he has purchased them.
So due to a lack of evidence against the person the Judge dismissal the case. Therefore, option D is appropriate.
Learn more about Robbery, here:
https://brainly.com/question/19151712
#SPJ2
I don't have moey. What is the best job to get when you're in middle school?
Answers
Answer:
You can work at publix as a cashier. They acept 14 year olds. And ur in 8th grade as 14 which is in middle school.
Explanation:
This is the best job u can get as a kid
also brainlist me pls
Choose a good you are familiar with, and analyze its economic utility, using the questions below. NOTE: Choose a good for this exercise, not a service. a. What type of good did you choose? (1 sentence. 1.0 points)
Answers
The correct answer to this open question is the following.
Unfortunately, you did not attach the "questions below." So we do not know what they are or what they say.
However, trying to help, we can comment on the following.
The good I am most familiar with is oil because my father works in the oil industry.
Oil has an enormous economic utility because it literally "moves the world." Oil is used in almost every industry. We use it on a daily basis. First of all, we use gasoline in our cars. We use gas in our homes. Hotels, corporations, public service buildings use gas or gasoline in different forms.
Oil companies are one the most powerful industries in the world. Companies such as British Petroleum, Exxon, Mobile, Shell, and many others, are dominant industries in most of the countries. Some economies are based on oil and its fluctuant price.
Although governments are trying to move on and use alternative forms of energy that protect the environment, oil is still the most important form of energy on planet Earth.
Customer service levels can be improved by better:
A.
mission statements.
B.
control charting.
C.
short-term forecast accuracy.
D.
exponential smoothing.
E.
customer selection.
Answers
Customer service levels can be improved by better C) short-term forecast accuracy.
Short-term forecasting is the practise of making predictions about what will happen soon (we generally think of it as hour-by-hour) and then using that information to develop a strategy to fulfil those demands. Long-term projections are less reliable than short-term ones.
A longer forecasting horizon considerably raises the likelihood that future demand will be impacted by developments we are not now aware of. Any present or recent past conditions that serve as a foundation for or an improvement to the forecast may be included in the short term forecast. The level of detail in the short-term forecast will be determined by the availability of radar, satellite images, and other remote sensing tools.
To learn more about short-term forecast: https://brainly.com/question/11664289
#SPJ4
.....................................hi
Answers
Answer:
Hi!! I hope you are great. Thanks for the pts...
on to wait an option often can have more than one source of value . consider a logging company . the comp y or wait another year ( or more) to log the timber . what advantages would waiting one year potentially have?
Answers
Waiting one year before logging the timber can potentially have several advantages for a logging company:
1. Increased timber value: By waiting, the timber has more time to grow and mature, resulting in larger, higher-quality logs. This can increase the overall value of the timber and potentially lead to higher profits for the company.
2. Improved forest health: Allowing the timber to grow for another year gives the forest ecosystem more time to regenerate and replenish. It allows for natural processes like seed dispersal and forest succession to take place, promoting a healthier and more sustainable forest environment.
3. Enhanced sustainability: By practicing sustainable forestry, the logging company can ensure the long-term health and productivity of the forest. Waiting one year can be part of this strategy, allowing for proper forest management and minimizing the negative impacts of logging.
4. Regulatory compliance: Depending on local regulations, there may be restrictions or requirements regarding logging operations. Waiting one year can help the company adhere to these regulations and avoid any potential legal issues.
In summary, waiting one year before logging the timber can lead to increased timber value, improved forest health, enhanced sustainability, and compliance with regulations.
To know more about potentially visit:
https://brainly.com/question/33319220
#SPJ11
Waiting one year in the logging industry can potentially have advantages such as increased timber value, improved timber quality, and better market conditions.
When a logging company chooses to wait another year or more to log the timber, it can lead to several potential advantages.
1. Increased Timber Value: By allowing the trees to grow for an additional year, the timber may become larger and more valuable. The additional growth can result in higher quality wood, which can be sold at a higher price.
2. Improved Timber Quality: Waiting one year allows the trees to mature further, resulting in stronger and more durable timber. This can be beneficial for various industries that require high-quality wood for construction, furniture, or other purposes.
3. Better Market Conditions: Waiting can also allow the logging company to take advantage of favorable market conditions. By postponing logging activities, the company can monitor market trends and choose the best time to sell the timber, maximizing profits.
In summary, waiting one year in the logging industry can potentially increase timber value, improve timber quality, and allow for better market conditions.
To know more about such advantages, visit:
https://brainly.com/question/11453024
#SPJ11
a sum of Rs.5,000 written off as depreciation on furniture has not been debited to depreciation account.
Required : Rectifying entries.
Answers
Answer:
Dr Depreciation Account 5,000
Cr suspense Account 5,000
Explanation:
Based on the information given if the amount of Rs.5,000 which was written off as depreciation on furniture has not yet been debited to depreciation account the appropriate Journal entry to rectify the transaction is :
Dr Depreciation Account 5,000
Cr suspense Account 5,000
(Being to rectify the amount of Depreciation not debited in depreciation account now recorded)
Websites like Poshmark, where people can buy or sell new or used clothing to other consumers, is an example of ________ marketing.
Answers
There are ways to market a product. Websites like Poshmark uses C2C marketing.
What does C2C means?This is known as Customer to customer. The Customer to customer (C2C) is known to be a type of business model or marketing type where a potential customers can trade with one another.
It is regarded as a form of online environment. C2C marketing is often used daily and also very popular with the use of the Internet and firms such as Poshmark
Learn more about Marketing from
https://brainly.com/question/14286452
Which is an example of a marketing function for a business? 1.Preparing income statements for the business 2. Obtaining new products to replace sold stock 3.Interviewing potential sales employees 4. Creating a banner ad for the company website
Answers
Answer:
4. Creating a banner ad for the company website
Answer:
4
Explanation:
on a test and got correct answer
what type of competencies are required from hr managers? select all that apply. question 2 options: business mastery. global mastery. personal credibility. hr mastery.
Answers
The competencies of Hr managers are business mastery, personal credibility and HR mastery.
HR mastery is the knowledge and ability that HR manager possesses in areas including hiring, developing, and retaining employees; managing performance and employee relations; and adhering to applicable labor regulations. Strong HR mastery enables HR managers to assist and manage organization's HR responsibilities efficiently while also fostering a productive workplace. The capacity of an HR manager to comprehend and contribute to an organization's overarching goals is known as business mastery.
This entails being aware of organization's business model, financial performance, and the sector in which it works. HR managers who possess a deep understanding of business can match HR practices with business requirements and contribute to the organisation's overall success. The degree of respect and trust an HR manager may earn from their coworkers and stakeholders is called personal credibility. Effective communication, listening to others' needs and responding to them, and the capacity to forge good relationships, are all examples. Strong personal credibility enables HR managers to become known within the company as resources and valued consultants.
Read more about Human resources on:
https://brainly.com/question/25443563
#SPJ4
Which of the possible answers below is the correct ending to the following statement?
In a perfectly competitive market, the process of entry and exit will end when firms in the market …:
(a) are making zero economic profit.
(b) are operating with excess capacity.
(c) capture market power.
(d) experience decreasing marginal revenue.
additionally, use a diagram or diagrams to explain your answer.
Answers
In a perfectly competitive market, the process of entry and exit will end when firms are making zero economic profit.
The market price is determined by the interaction of supply and demand. If firms are making positive economic profit, then there is an incentive for new firms to enter the market.
[Diagram of a perfectly competitive market with zero economic profit]
The diagram shows a perfectly competitive market with zero economic profit. The market price is P*, and the quantity produced is Q*. The average cost curve (AC) is tangent to the demand curve at P*, so firms are making zero economic profit.
If firms were making positive economic profit, then the average cost curve would be above the demand curve. In this case, there would be an incentive for new firms to enter the market, which would drive down the market price and reduce the economic profit of existing firms.
If firms were making negative economic profit, then the average cost curve would be below the demand curve. In this case, there would be an incentive for firms to exit the market, which would drive up the market price and reduce the economic loss of existing firms.
To learn more about cost curve: https://brainly.com/question/29422851
#SPJ11
Flyer Corp. purchases a copyright for $40,000 in cash. The journal entry to record the purchase will include: O A. a credit to Notes Payable for $40,000. O B. a credit to Copyright for $40,000. OC. a debit to Cash for $40,000. OD. a debit to Copyright for $40,000.
Answers
The journal entry to record the purchase of a copyright for $40,000 in cash by Flyer Corp. will include a debit to Copyright for $40,000.
When an asset is acquired for cash, the journal entry follows the basic accounting equation, which states that assets increase with a debit entry and decrease with a credit entry. In this case, Flyer Corp. is purchasing a copyright, which is an intangible asset. To record the purchase, the company would debit the Copyright account to increase the asset by $40,000. The credit entry would represent the decrease in cash due to the cash payment made for the acquisition.
Therefore, option D, a debit to Copyright for $40,000, is the correct answer. This entry reflects the increase in the Copyright asset account as a result of the purchase transaction.
Learn more about credit entry here:
https://brainly.com/question/30215000
#SPJ11
True or False
---------4The beginning inventory of the current month is equal to the ending inventory of the prior month
_______5. Conversion cost is the sum of direct materials and direct labor in the CPR
_______6. The manufacturing of chicken soup requires process cost accounting techniques
Answers
Process cost accounting is used for large-scale production of identical products. Beginning inventory equals previous month's ending inventory. Conversion cost includes direct labor and manufacturing overhead, not direct materials. The statement that is True are 4 and 6, and the statement that False is 5.
4. True. The beginning inventory of the current month is the same as the ending inventory of the previous month in process cost accounting. Because of this, in process cost accounting, the inventory is accounted for as a single unit that is costed by adding all of the direct material, labor, and overhead costs.5. False. Conversion cost refers to the cost of converting raw materials into finished goods. It is the sum of direct labor and manufacturing overhead, not direct materials and direct labor. The cost of the material is not included in conversion costs.6. True. Process cost accounting techniques are commonly used to manufacture goods that are produced in large quantities and involve identical procedures and steps. Chicken soup is a product that requires process cost accounting techniques. Because chicken soup is produced in large quantities and requires similar processing steps, this is the case. In addition, there are many products that can be manufactured using process cost accounting techniques, such as flour and paper.In summary, process cost accounting is a form of accounting that is used in manufacturing processes that involve the production of a large quantity of identical products, such as chicken soup. The beginning inventory of the current month is the same as the ending inventory of the previous month in process cost accounting, and conversion cost refers to the cost of converting raw materials into finished goods.For more questions on cost accounting
https://brainly.com/question/30165334
#SPJ8
Added value can be increased by ________ selling price.
Answers
Answer:
increasing
Explanation:
When an economy is operating inside its production possibilities frontier, we know that?
Answers
We refer to an economy as producing efficiently when it is on its production potential curve.
Which type of production are you referring to?Production is the process of combining several inputs, both physical and intangible (such plans or information) (such as metal, wood, glass, or polymers). In an ideal scenario, this product would be a good or valuable product or service.
What three sorts of production are there?The marketplace into parts, the continuous scheme, and the project system are the three most prevalent forms of basic production systems. In the batch system, tiny amounts of production (goods or services) with significantly different specifications are produced using general-purpose tools and techniques.
To know more about production visit:
https://brainly.com/question/22852400
#SPJ4
iff 11 machines are needed to meet the production requirement, how should they be assigned to the operator in order to minimize cost per unit produced
Answers
To minimize cost per unit produced, the machines should be assigned to the operator in a way that maximizes efficiency and productivity.
This can be achieved by considering the following factors:
1. Skill level of the operator: The operator should be assigned to machines that they have the most experience and skill with in order to maximize productivity and minimize the likelihood of errors or mistakes.
2. Efficiency of the machines: The machines should be assigned to the operator in a way that maximizes their efficiency and minimizes downtime. This can be achieved by considering the capacity and speed of the machines, as well as their maintenance requirements.
3. Production schedule: The machines should be assigned to the operator in a way that aligns with the production schedule and minimizes delays or disruptions. This can be achieved by considering the demand for the product, the availability of raw materials, and the availability of the operator.
By considering these factors and assigning the machines to the operator in a way that maximizes efficiency and productivity, it is possible to minimize the cost per unit produced and meet the production requirement with 11 machines.
To know more about Cost per unit click here:
https://brainly.com/question/29355214#
#SPJ11
Click this link to view the OOH educational information for Roofers. According to the OOH, what are some educational, training, certification, or licensing options required or helpful for Roofers? Check all that apply. bachelor’s degrees on-the-job training apprenticeships high-school biology, chemistry, and physics classes high-school math, shop, mechanical drawing, and blueprint-reading classes an associate degree specializing in writing
Answers
Answer:
2,3,5
Explanation:
I had the same thing and got it right (one wrong)
Answer:
2 3 5
Explanation:
did u know gieco can save you 15% or more on car insurance :D
Answers
Answer:
really
Explanation:
The total mass of a skier is 60.0 Kg. He starts from rest and slides down a slope without exerting any effort. After he has descended through a total vertical displacement of 50.0 m
he is travelling at a velocity of 30.0 m/s. How much work has been done against resistive forces experienced by the skier as his
velocity increases from 0 to 30.0 m/5?
Take the gravitational field strength g as 10 N/kg.)
Answers
The work done against resistive forces experienced by the skier as his velocity increases is 27,000 joules.
To determine the work done against resistive forces experienced by the skier as his velocity increases, we need to calculate the change in the skier's kinetic energy.
the work-energy theorem states that the work done on an object is equal to the change in its kinetic energy. mathematically, it can be expressed as:
work = δke
the initial kinetic energy (keinitial of the skier is 0 because he starts from rest. the final kinetic energy (kefinal is given by:
kefinal= (1/2) * m * v²
where m is the mass of the skier and v is the final velocity.
given:m = 60.0 kg
v = 30.0 m/s
kefinal= (1/2) * 60.0 kg * (30.0 m/s)² = 27,000 j
since the initial kinetic energy is 0, the change in kinetic energy is simply the final kinetic energy:
δke = kefinal- keinitial = 27,000 j - 0 j = 27,000 j
Learn more about resistive forces here:
https://brainly.com/question/30543939
#SPJ11
failure to record an accrued liability causes a company to
Answers
Failure to record an accrued liability causes a company to c. understate net income.
Accrued liabilities are expenses that a company has incurred but has not yet paid or recorded in its books. These expenses are recognized and recorded as liabilities because they represent obligations that the company must settle in the future.
Examples of accrued liabilities include salaries payable, interest payable, or taxes payable.
If the accrued liability is not recorded, the associated expense is not recognized in the financial statements. As a result, expenses are understated, not overstated.
Accrued liabilities are recorded as liabilities on the balance sheet. Failure to record an accrued liability means that the liability is not included in the company's financial statements. This omission does not lead to an overstatement of assets.
Stockholders' equity is affected by various factors, including revenues, expenses, and gains or losses. Failure to record an accrued liability does not directly impact stockholders' equity. It primarily affects net income, which subsequently affects retained earnings, a component of stockholders' equity.
So, the failure to record an accrued liability causes a company to understate net income.
Learn more about assets here:
https://brainly.com/question/28390331
#SPJ11
The complete question is:
Failure to record an accrued liability causes a company to:
a. overstate expenses
b. overstate assets
c. understate net income
d. overstate stockholders' equity
What will happen to the market for video games if consumer income drops?
A. Graph 1
B. Graph 2
C. Graph 3
D. Graph 4
Answers
Answer:
a
Explanation:
For an investor seeking a tax sheltered investment, the primary advantage of a real estate direct participation program is the: A high level of liquidity provided by the investment B ability of the program to generate losses for tax purposes but provide positive cash flow C ability to offset passive losses generated by the program against the investor's earned income D ability of the program to generate increasing losses until liquidation Review
Answers
ANSWER ASAP PLEASE Which statement describes a way to use credit responsibly?
paying attention to the APR
and not the
APY
paying only the minimum payment each month
opening several different credit accounts
o understanding the account's interest rate
Answers
Answer:
understanding the interest rate
Explanation:
i took the test
Which of the following best describes ethics?
Answers
Correct/Complete Question:
Which of the following best describes ethics?
A. An academic discipline which originated in the early 1900s.
B. A descriptive approach that provides an account of how and why people do act the way they do.
C. The study of how human beings should properly live their lives.
D. A normative approach such as psychology and sociology.
Answer:
C
Explanation:
Ethics can be defined as a branch of knowledge that is concerned with morals or moral principles. These moral principles are the principles by which people should live their lives. Moral principles tells us right from wrong.
Ethics is a sub-course under philosophy as it involves the provision, systematizing as well as defense of the concept of what should be right or what should be wrong.
Ethics can also be called moral philosophy. It can be divided into metaethics, normal ethics and applied ethics.
Cheers.