Based on the given information, Monroe Manufacturing has an inventory turnover ratio of 8.01x, which is lower than the industry average of 28.391x.
This indicates that Monroe Manufacturing is slower in selling and replacing its inventory compared to other companies in the manufacturing industry. They may need to improve their inventory management to increase efficiency and turnover.
1. Our Play has days of sales tied up in receivables, which is much higher than the industry average. It takes Our Play longer to collect cash from its customers compared to Like Games.
This indicates that Our Play may have less efficient credit and collection policies, leading to a higher average collection period (days sales outstanding ratio).
It's important for Our Play to improve its receivables management to reduce the time it takes to convert sales into cash, which would positively impact their cash flow and overall financial performance.
2. The acquisition cost of Our Play's fixed assets is recorded at historic values when the company bought its assets and has been depreciated since then.
Assuming that fixed asset prices (not book values) have risen over the past six years due to inflation, Our Play may have undervalued its fixed assets on the balance sheet.
This could result in a lower net asset value and potentially affect the company's ability to accurately reflect its true financial position.
To provide a more accurate representation, it would be beneficial for Our Play to consider revaluing its fixed assets periodically to reflect their current market values.
3. The average total assets turnover in the electronic toys industry is higher than the industry average. This implies that companies in the industry are generating more sales with a lower investment in total assets.
Both Like Games and Our Play should aim to improve their asset management efficiency to achieve a higher total asset turnover ratio.
This can be done by optimizing inventory levels, reducing accounts receivable collection periods, and effectively utilizing fixed assets.
By doing so, the companies can generate more revenue per dollar of assets employed, indicating better operational efficiency and financial performance.
Regarding the inventory turnover ratio for Monroe Manufacturing, the correct answer is not provided in the options. The inventory turnover ratio across companies in the manufacturing industry is stated as 28.391x.
However, the frequency of selling and replacing inventory for Monroe Manufacturing cannot be determined based on the information provided. The inventory turnover ratio requires the cost of goods sold figure, which is not given for Monroe Manufacturing.
Therefore, no conclusive statement can be made about the inventory turnover for Monroe Manufacturing.
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which broad economic goal is focused on increasing the country's total output and the standard of living? efficiency freedom growth security
Economic growth, which increases employment possibilities, earnings, and living standards, is the economic objective aimed at raising a nation's overall production and standard of living.
Economic growth is a broad economic objective that focuses on raising a nation's overall production and level of living. This entails raising a country's output of commodities and services to increase its productive capacity. Changes in a nation's gross domestic product (GDP), which represents the entire cost of goods and services produced inside its boundaries, may be used to gauge economic growth.
A nation may enhance its economic growth to expand employment possibilities, raise salaries, and raise the general standard of living for its people. Efficiency, freedom, and security are additional economic objectives that may support economic growth but are not targeted at it.
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1.the balance of an account is calculated as
A the total of the debit side
B the total of the credit side
C the difference between the totals of the debit and credit side
D.the sum of all entries
2.the total on the debit of an account is greater than the credit side.what does this mean?
A the account has a debit balance
B the account has a credit balance
C the account cannot be balanced
D the account has no balance
3.a credit balance occurs in a ledger account when
A the total on its debit side is greater than the credit side
B the total on its debit side is less than the total on its credit side
C the total on its debit side is equal to the total on its credit side
D the total is zero in the ledger account
Answer:
1.A
2.C
3.D
Explanation:
hope its help
how
has covid 19 affect sickle cell with hospital financial
strain
The financial strain caused by the COVID-19 pandemic has had an impact on the management and treatment of sickle cell disease in hospitals.
Hospitals have faced resource constraints, including limited staff, equipment, and funding, which can affect the quality and accessibility of care for individuals with sickle cell disease. This may lead to challenges in providing timely and comprehensive treatment, monitoring, and support services for patients with sickle cell disease, potentially impacting their overall health outcomes. The financial strain on hospitals has highlighted the need for continued investment and support in healthcare systems to ensure the provision of adequate care for individuals with chronic conditions like sickle cell disease.
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Corporate executives often object to the use of open-source software because it lacks formal technical support, even though information and solutions regarding the software are usually readily available online.
A. True
B. False
Answer:
A. True
Explanation:
When the open source software used by the corporate executives so it would be lead to the lacking of technical support i.e. formal also the information and its solutions would be available online
So the given statement is true as the open source software deals with the source code that should be released in a license where the copyright holder would granted the users to have the right to use the same
What are the factors of production questions answers?
The factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services.
What is goods and services?An economic system's output is goods and services. Services are tasks carried out for the benefit of the recipients, whereas goods are tangible items sold to customers. Automobiles, home goods, and clothing are a few examples of goods. Legal counsel, housekeeping, and consulting services are a few examples of services. A business's output can fall somewhere in the middle of these two ideas. A landscaping business might, for instance, sell a homeowner a tree (a good) and also mow the lawn (a service).Not just consumers, but also businesses, receive goods and services.Items that are typically tangible are referred to as goods. Examples include pens, real books, salt, apples, and hats. Services are tasks performed by others, such as contractors, suppliers, and architects.To learn more about consulting services refer to:
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An American worker can produce either 5 cars or 8 tons of grain a year. A Japanese worker can produce either 4 cars or 9 tons of grain a year. To keep things simple, assume that each country has 100 million workers.Complete the following table with the quantities of cars produced and consumed in each country if there is no trade.
In the above production economics problem, since there is no trade, each country consumes what it produces, hence the consumed quantity is the same as the produced quantity for both countries.
What is the explanation for the above response?Assuming no trade, the table for the quantities of cars produced and consumed in each country would be as follows:
Country Cars Produced Cars Consumed
USA 500 million 500 million
Japan 400 million 400 million
Since each country has 100 million workers and each American worker can produce 5 cars, the total production of cars in the USA is 5 x 100 million = 500 million. Similarly, each Japanese worker can produce 4 cars, so the total production of cars in Japan is 4 x 100 million = 400 million.
Thus, since there is no trade, each country consumes what it produces, hence the consumed quantity is the same as the produced quantity for both countries.
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Which level of regional economic integration best describes the new free trade agreement in North America currently referred to as USMCA? Multiple Choice
trade union
common market
free trade area
economic union
customs union
c) Free trade area is a level of regional economic integration best describes the new free trade agreement in North America currently referred to as USMCA.
About Regional economicsRegional economics analyzes a region as a whole or looks at various regions based on various potentials and how to regulate a policy that can accelerate the region's economic growth.
The central government gives authority to regional governments to regulate their own territory with several applicable provisions. It aims to maximize the potential of the existing area so as to create a new job field and can improve the region's economy.
However, the reality shows that the conditions in each of these areas are not the same, the availability of different infrastructure, the skills of the workforce or HR (Human Resources) are not the same, the population density is different, and so on. Thus, various economic activities that are suitable in one region are not necessarily suitable to be implemented in other areas
Therefore, for this question the correct answer is c) free trade area.
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how might the various reasons affect the company in the long term?
The various reasons can have significant long-term effects on a company, impacting its growth, profitability, reputation, and overall sustainability. These factors include market dynamics, competition, technological advancements, customer preferences, regulatory changes, and internal factors such as leadership, strategy, and operational efficiency.
The long-term impact of various reasons on a company can be substantial. Firstly, market dynamics play a crucial role. Changes in market demand, industry trends, and economic conditions can significantly influence a company's success. Failure to adapt to evolving market needs can lead to decreased sales, market share loss, and ultimately, business decline.
Secondly, competition poses a constant challenge. Competitors' actions, pricing strategies, and product innovations can affect a company's market position and profitability. Fierce competition may require continuous investment in research and development, marketing efforts, and operational improvements to stay ahead and maintain a competitive advantage.
Technological advancements also play a significant role. Companies that fail to embrace emerging technologies or adapt their business models to leverage digital transformation may find themselves at a disadvantage. They risk losing efficiency, missing out on cost-saving opportunities, or being left behind by competitors who leverage technological advancements to offer better products or services.
Moreover, customer preferences can change over time. Companies need to anticipate and respond to these shifts to stay relevant. Neglecting customer needs can result in reduced customer loyalty, decreased sales, and a damaged reputation.
Furthermore, regulatory changes can have a profound impact. New laws, regulations, or industry standards can impose additional compliance costs, operational restrictions, or require substantial changes to a company's practices. Failure to comply may result in legal penalties, reputation damage, or loss of business opportunities.
Lastly, internal factors also influence a company's long-term trajectory. Effective leadership, sound strategy, and operational efficiency are vital for sustained success. Strong leadership fosters innovation, strategic decision-making, and the ability to navigate challenges. Additionally, efficient operations, streamlined processes, and a focus on cost control contribute to long-term profitability and competitiveness.
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the constraint on deposit creation related to the idea that if banks are holding sufficient reserves they must also be willing to make new loans is related to ______.
The constraint on deposit creation related to the idea that if banks are holding sufficient reserves, they must also be willing to make new loans is related to the concept of the money multiplier.
The money multiplier is a concept in banking that explains the relationship between reserves held by banks and the potential creation of new deposits through lending. The constraint mentioned in the question is directly linked to the money multiplier principle. Banks are required to hold a certain percentage of their deposits as reserves, known as the reserve requirement. This reserve requirement ensures that banks have a certain level of liquidity to meet customer demands for withdrawals. However, if banks hold more reserves than required, it limits their ability to create new loans and generate additional deposits.
When banks have excess reserves, they have the potential to make new loans and create additional deposits in the economy through the process of deposit multiplication. This process works by banks using a fraction of their excess reserves to extend new loans, which in turn become new deposits in other accounts. Therefore, the constraint on deposit creation related to banks holding sufficient reserves but also needing to make new loans is directly tied to the concept of the money multiplier. Banks must strike a balance between maintaining adequate reserves and being willing to extend new loans to support economic activity and deposit creation.
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item 5 productivity is defined as: multiple choice A. output sold per hour. B. output produced per worker.C. workers employed per hour.D workers per unit of output.
Productivity is a measure of how efficiently resources are being utilized to produce goods or services. It can be calculated in various ways, but one commonly used definition is output per unit of input. The correct answer is option D.
Option A, output sold per hour, measures the quantity of goods or services that are sold within a certain timeframe. This can be useful for businesses that rely heavily on sales, such as retail stores or restaurants. However, it doesn't take into account the amount of resources that were used to produce those goods or services.
Option B, output produced per worker, measures the efficiency of each worker in the production process. This can be useful for businesses that have a large workforce, but it doesn't provide a comprehensive view of the overall productivity of the organization.
Option C, workers employed per hour, measures the number of workers who are employed during a given timeframe. This can be useful for businesses that are trying to manage labor costs, but it doesn't provide any information about the amount of output that is being produced.
Option D, workers per unit of output, measures the amount of labor that is required to produce a certain quantity of goods or services. This can be useful for businesses that are trying to optimize their production processes, as it provides insight into how efficiently resources are being used. The correct answer is option D.
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All of the following were consequences of Eli Whitney's invention of the cotton gin, except: A. the urbanization of the southern economy. B. the strengthening of slavery in the southern states. C. the development of an American textile industry. D. the spread of cotton as a cash crop in the southern states.
The consequences of Eli Whitney's invention of the cotton gin did not include The Urbanization of the southern economy.
What is Urbanization?Urbanization refers to the shift of population from the rural area to the urban area. It looks at the development of big cities and sometimes can lead to population explosion.
The invention of the cotton gin by Eli Whitney strengthens the amount of slavery in the south. It also led to the development of the American Textile industry but it didn't lead to the urbanization of the southern economy.
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How would your life be affected by having to buy products manufactured by a monopoly?
Answer:
no industry competition
Explanation:, a monopoly's price is the market price and demand is market demand. Even at high prices, customers will not be able to substitute the good or service with a more affordable alternative. As the sole supplier, a monopoly can also refuse to serve customers.
Question 7 of 10
Both term life and whole life insurance policies:
A. Cover the policyholder's long-term health and disability expenses.
B. Pay money to beneficiaries upon the policyholder's death.
C. Earn interest on the amount of the policy.
O D. Have a maximum term of 40 years.
SUBMIT
The insurance policies of term life and whole life insurance policies only pay money to beneficiaries upon the policyholder's death.
What is a term life and whole life insurance policies?A term life assurance is a life policy for a limited period while the whole life assurance is a life policy for life.
The correct statement is that insurance policies of term life and whole life insurance policies only pay money to beneficiaries upon the policyholder's death.
Therefore, the Option B is correct.
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What must be established in an agency of necessity?
a，A real emergency.
b，inconvenience to obtain instructions of the principal.
c，agent acted as a matter of convenience.
d，failure of the agent to obtain instructions of the principal.
These include a real emergency, the inconvenience of obtaining instructions of the principal, the agent acting as a matter of convenience, and the failure of the agent to obtain instructions of the principal.
In a situation where a real emergency arises, an agent can act on behalf of the principal without obtaining prior instructions. An emergency situation is any situation that demands immediate action and may include life-threatening circumstances or property damage that is about to occur. Inconvenience is another factor that may necessitate the agent to act in the interest of the principal without prior instructions.
The fact that the agent acted as a matter of convenience must also be established in an agency of necessity. Sometimes, the agent may act for the principal without explicit instructions, especially in situations where the principal is inaccessible.
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what are the outputs of the production process with regards to goods and services
Answer: they will go faster
Explanation: it does a thing.
To be effective, a leader must understand the ________ aspects of the organization such as values, attitudes, and personalities.
Answer:
informal
Explanation:
The informal aspects are the focus of the interdisciplinary field known as organizational behavior (OB), which is dedicated to better understanding and managing people at work.
The basic aspect of an organization such as values, attitudes and personalities must be understood to become an effective leader.
The basics values also known as core values are what serves as base to an organization structure since inception.
it is important that a leader understand the basics value of the organization such as values, attitudes and personalities to allow him to be effective because they are silent features that are abide to.
Therefore, to be effective as a leader, the basic aspect of an organization such as values, attitudes and personalities must be understood.
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you borrowed $500,000 at 7% annual interest rate that you must repay over 5 years. the loan is amortized into five-equal end-of-year payments. (1) calculate annual payment amount.
The annual payment amount for a $500,000 loan at a 7% annual interest rate to be repaid over 5 years with five-equal end-of-year payments is $143,265.32.
To calculate the annual payment amount, we can use the formula for the present value of an annuity:
PV = PMT x [1 - (1 + r)⁻ⁿ] / r
where PV is the present value of the loan, PMT is the annual payment amount, r is the annual interest rate, and n is the number of years.
We know that PV is $500,000, r is 7%, and n is 5. We can solve for PMT:
PMT = PV x r / [1 - (1 + r)⁻ⁿ]
= $500,000 x 7% / [1 - (1 + 7%)⁻⁵]
= $143,265.32 (rounded to two decimal places)
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The General Ledger shows or
contains which of the following?
A. All of the Above
B. Liabilities
C. Assets
D. Shareholder's Equity
Answer:
A. All of the above
Explanation:
The General Ledger is the primary accounting record that shows a company's financial transactions. It contains all of the accounts that are used to record transactions, including assets, liabilities, shareholder's equity, revenue, expenses, gains, and losses.
The General Ledger provides a comprehensive view of a company's financial position and is used to produce financial statements such as the balance sheet, income statement, and cash flow statement. The information in the General Ledger is used by management, auditors, and other stakeholders to make informed decisions about the company's financial health and performance.
A US based company is attempting to merge with a French National conglomerate. With IFRS and GAAP being so different, what would be some of the challenges the two sides may face with the merger from an accounting standpoint?
The merger between a US-based company and a French National conglomerate can pose several challenges from an accounting standpoint due to the differences between International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). Some of the challenges they may face include:
Accounting Principles: IFRS and GAAP have different underlying principles and concepts. IFRS is principles-based, emphasizing substance over form, while GAAP is rules-based, providing specific guidelines for various transactions. The differences in accounting principles can lead to variations in the recognition, measurement, and presentation of financial information.
Financial Statement Presentation: IFRS and GAAP have different requirements for financial statement presentation. The formats and classifications of items on the balance sheet, income statement, and cash flow statement may vary between the two sets of standards. This can make the comparison and consolidation of financial statements challenging.
Revenue Recognition: IFRS and GAAP have differing guidance on revenue recognition, particularly in areas such as the timing of revenue recognition, multiple-element arrangements, and percentage-of-completion method for long-term contracts. Aligning the revenue recognition policies of the merging entities can be a complex task.
Valuation of Assets and Liabilities: IFRS and GAAP may have different rules for the valuation of assets and liabilities, such as inventory, property, plant, and equipment, intangible assets, and financial instruments. Differences in valuation methodologies can impact the reported values of assets and liabilities, which can have implications for financial ratios, financial performance, and tax implications.
Business Combinations and Goodwill: IFRS and GAAP have different requirements for accounting for business combinations and the subsequent treatment of goodwill. For example, IFRS allows for the option of measuring goodwill at cost or using the impairment model, while GAAP follows a more strict impairment-only model. This can result in differences in the recognition and measurement of goodwill and the related impact on financial statements.
Disclosures: IFRS and GAAP have varying disclosure requirements, with differences in the level of detail and specific disclosures mandated for certain transactions and events. Harmonizing the disclosure requirements can be a complex task to ensure compliance with both sets of standards.
These are just a few examples of the challenges that may arise during the merger process from an accounting standpoint. It is crucial for the merging entities to have a thorough understanding of the differences between IFRS and GAAP and work closely with accounting professionals and advisors to address these challenges effectively and ensure accurate financial reporting and compliance with relevant regulations.
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Two synchronous machines operate in parallel and supply a total load of 300 MW. The capacities of the machines are 150 MW and 300 MW and have generator droop characteristics of 4% and 3% from no load to full load respectively. (i) Calculate the load taken by each machine assuming free governor action. What is the new load taken by machine 300 MW if the droop characteristic of this machine is changed to 4%?
Machine 1 takes a 43 MW load and Machine 2 takes a 129 MW load assuming free governor action and the new load taken by machine 300 MW is 150 MW.
In a parallel operation of synchronous machines, the load is shared based on the capacity and droop characteristics of each machine. Machine 1 has a capacity of 150 MW and a droop characteristic of 4%, while Machine 2 has a capacity of 300 MW and a droop characteristic of 3%. The load taken by each machine can be calculated by considering their capacities and droop characteristics.
Machine 1:
Load taken by Machine 1 = (Droop of Machine 1 / Sum of Droops) * Total Load
Load taken by Machine 1 = (4% / (4% + 3%)) * 300 MW
Load taken by Machine 1 = (4% / 7%) * 300 MW
Load taken by Machine 1 ≈ 42.86 MW ≈ 43 MW
Machine 2:
Load taken by Machine 2 = (Droop of Machine 2 / Sum of Droops) * Total Load
Load taken by Machine 2 = (3% / (4% + 3%)) * 300 MW
Load taken by Machine 2 = (3% / 7%) * 300 MW
Load taken by Machine 2 ≈ 128.57 MW ≈ 129 MW
If the droop characteristic of Machine 2 is changed to 4% (similar to Machine 1), the new load taken by Machine 2 can be calculated as:
New Load taken by Machine 2 = (4% / (4% + 4%)) * 300 MW
New Load taken by Machine 2 = (4% / 8%) * 300 MW
New Load taken by Machine 2 ≈ 150 MW
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Some examples of ________ are companies selling products, operating factories, and collaborating with partners in other countries.
Some examples of Globalization are companies selling products, operating factories, and collaborating with partners in other countries.
What is GlobalizationThis refers to the process via which businesses, organizations, or individuals are able to acquire international influence and operate across nations without the restriction of borders.
It can also be referred to the interdependence of cultures, economies, populations, and national entities due to the decreased ease with which cross-border relations and trade are made possible by technology.
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Which best describes how an investor makes money from an equity investment?
by earning interest
by selling the asset for a profit
by raising capital
by growing the asset
Answer:
b
Explanation:
got it right on test
Selling the asset for a profit is the method in which investor makes money from an equity investment.
Who is an Investor?This is an individual which puts in money into a organization or program in order to get profit.
In an equity investment which involves the purchase of shares oif the company from the stock market, the investor makes money through selling the asset for a profit.
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When people get satisfaction from charitable giving, they are ______.
When people give because they get satisfaction from doing so, they are said to be acting out of rational self-interest.
What does it mean to act out of rational self-interest?It means that your decisions are based on catering for what gives you satisfaction. Explains why people engage in certain behaviors.Certain behaviors give people satisfaction and this theory explains that this prompts them to engage in such behavior. Those who gain satisfaction from being charitable are abiding by this theory as they only give because it makes them satisfied.
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All of the following factors affect the amount a customer is willing to pay for a product, exceptGroup of answer choicesA. the selling company's costs.B. the product's uniqueness.C. the competition's price.D. general economic conditions.
Except for the selling company's costs, all of the following factors influence how much a buyer is willing to pay for a product. Here option A is the correct answer.
A customer's perception of value and willingness to pay for a product is primarily influenced by factors such as the product's uniqueness (B), the competition's price (C), and general economic conditions (D).
The uniqueness of a product plays a significant role in determining its value. If a product offers distinct features, superior quality, or exclusive benefits, customers may be willing to pay a higher price compared to similar products in the market.
The competition's price also impacts a customer's perception of value. Customers often compare prices across different brands and products. If competitors offer similar products at lower prices, customers may be less willing to pay a higher price for the same or similar product.
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Ipo and Man, partners in the Karate Company have capital balances of P300, 000 and P120,000 respectively. Lee is to be admitted into the partnership with 20% interest in the business.
Required:
Record the admission of Lee for each of the following independent situations:
a. Lee invests P180, 000, and recognized the undervaluation of inventory.
b. Lee invest P180, 000, Total capital is to be P600, 000.
c. Lee purchases 20% of Ip and Man by paying P100, 000.
d. Lee invests P96, 000 and total capital is to be P 516,000.
e. Lee invests P96, 000 and recognized overvaluation of land.
f. Ip and Man assign 20% of their interest to Lee.
Show the solution
In the simple deposit expansion model, if the banking system has excess reserves of $75, and the required reserve ratio is 20%, the potential expansion of checkable deposits is
In the simple deposit expansion model, based on the given information, the potential expansion of checkable deposits is $375.
In the simple deposit expansion model, if the banking system has excess reserves of $75, and the required reserve ratio is 20%, the potential expansion of checkable deposits can be calculated using the formula:
Potential expansion of checkable deposits = Excess reserves x (1 / Required reserve ratio)
1: Convert the required reserve ratio to a decimal (20% = 0.20).
2: Calculate the reciprocal of the required reserve ratio (1 / 0.20 = 5).
3: Multiply the excess reserves by the reciprocal of the required reserve ratio ($75 x 5).
The potential expansion of checkable deposits = $75 x 5 = $375.
Therefore, the potential expansion of checkable deposits is $375.
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Your business has conducted four market research surveys in the past year . The cost per survey is as follows : survey 1: $900 survey survey 2 : 1,200 survey 3: 1,500 survey 4: 1,700. What is the average cost of the market research surveys?
Answer:
$1325
Explanation:
\((900 + 1200 + 1500 + 1700) \div 4\)
\( = 5300 \div 4\)
\( = 1325\)
The assumption of asymmetric information means that:.
Principal Rate Time Interest Amount $ 720.00 6.00% 5 years a. $216.00 b. $936.00 720.00 6.00 5 months a. $18.00 b. $738.00 720.00 6.00 5 days b. 5,892.15 6.875 15 months b. 26,968.44 3.459 91 days b.
Answer:
1- $216
2- $18
3- $0.59
4- $54
5- $10.77
Explanation:
1- If the investment lasts 5 years, with an interest of 6% and a principal of $ 720,00, the interest generated at the end of said investment arises from the following calculation:
(720 x 0.06) x 5 = X
43,20 x 5 = X
216 = X
Therefore, after 5 years of investment, they will have earned $ 216 in interest.
2- If the investment lasts 5 months, with an interest of 6% and a principal of $ 720, the interest generated at the end of said investment arises from the following calculation:
(720 x 0.06) / 12) x 5 = X
43.20 / 12 x 5 = X
3.6 x 5 = X
18 = X
Therefore, after 5 months of investment, they will have earned $ 18 in interest.
3- If the investment lasts 5 days, with an interest of 6% and a principal of $ 720, the interest generated at the end of said investment arises from the following calculation:
(720 x 0.06) / 365) x 5 = X
43.20 / 365 x 5 = X
0.118 x 5 = X
0.59 = X
Therefore, after 5 days of investment, $ 0.59 in interest will have been earned.
4- If the investment lasts 15 months, with an interest of 6% and a principal of $ 720, the interest generated at the end of said investment arises from the following calculation:
(720 x 0.06) / 12) x 15 = X
43.20 / 12 x 15 = X
3.6 x 15 = X
54 = X
Therefore, after 15 months of investment, they will have earned $ 54 in interest.
5- If the investment lasts 91 days, with an interest of 6% and a principal of $ 720, the interest generated at the end of said investment arises from the following calculation:
(720 x 0.06) / 365) x 91 = X
43.20 / 365 x 91 = X
0.118 x 91 = X
10.77 = X
Therefore, after 91 days of investment, you will have earned $ 10.77 in interest.
¿Que es una fuente luminosa?