Answer:
C. In a diagram, it is easier to identify the parts inside the copier.
Explanation:
Based on the information given the reason why a DIAGRAM will be more effective than a photo is that a DIAGRAM is an illustration that will effectively help to show and explain in details and in a clear way the exact way all the parts inside a copier look like and how the copier work which will inturn enables the repairer to easily identify all the parts inside the copiers and the exact parts to fix the jams that occured while a PHOTO on the other hand cannot Effectively illustrate and identify each parts of the copier.
Therefore DIAGRAM is more effective than a photo because it is more easier to identify the parts inside the copier.
A firm acts as a rational decision maker when its leaders decide to do which of the following?
a) Solely using labor in a production process, rather than a combination of labor and capital
b) Cut hours and workers in order to minimize costs
c) Entice investors by promising lower than average returns on investment
d) Using all of its resources in order to maximize production, regardless of profit
Answer:
b) Cut hours and workers in order to minimize costs
Explanation:
Rational decision making is the process by which a business manager analyses different factors and outcomes before choosing a particular line of action.
The manager will have to choose between alternative options that are available.
In the given instances only the option to cut hours and workers in a bid to reduce cost shows the manager made a decision to achieve a goal (cost reduction).
The other options do not define a clear business goal and a strategy to achieve it
As the Chief Executive Officer (CEO) of Organic Foods International, Rebecca signs major contracts with various food suppliers as well as many legal documents. Rebecca is playing the role of a
Answer:
leader
Explanation:
According to Mintzberg, one of the most important roles of managers is to be a leader. The role of the leader requires that a manager exercise their authority and perform related tasks that are their responsibility. In this case, the CEO is responsible for signing contracts in the name of the company.
The role that Rebecca is playing in this case is a Liaison and leader..
A typical liaison responsibility is to act as liaises between two organizations.
A typical role of a leader is to exercise their authority and perform related tasks.
Therefore, Rebecca action in signing major contracts with various food suppliers as well as many legal documents falls under the role of a leader and liaison.
Therefore, the correct option is A and B.
The options to the question includes "a. leader, b. didseminator, c. spokesperson, d. figurehead, e. liasion"
Learn more about Liaison officer here
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Compute the amount of Coaches and Carriages' net income (or loss) for 2016 assuming that no dividends were paid and the owners made no additional contributions during the year.
Answer:
1. 2016 -$1,000
2017 $35,000
2.-$1,000
3. $45,000
Explanation:
1. Computation for the changes in Coaches and Carriages owners’ equity during 2016 and 2017
First step is to calculate owner equity for 2015, 2016 and 2017
Using this formula
Stockholders equity=Assets-Liabilities
Let plug in the formula
2015 Stockholders equity=$25,000-$12,000
2015 Stockholders equity=$13,000
2016 Stockholders equity=$79,000-$76,000
2016 Stockholders equity=$12,000
2017 Stockholders equity=$184,000-$137,000
2017 Stockholders equity=$47,000
Now let Compute for the changes in Coaches and Carriages owners’ equity during 2016 and 2017
Change in stockholders’ equity during 2016
Using this formula
Changes in stockholders’ equity during 2016 =2016 Stockholders equity-2015 Stockholders equity
Let plug in the formula
Changes in stockholders’ equity during 2016 =$12,000-$13,000
Changes in stockholders’ equity during 2016 =-$1,000
Change in stockholders’ equity during 2017
Using this formula
Changes in stockholders’ equity during 2017=2017 Stockholders equity-2016 Stockholders equity
Let plug in the formula
Changes in stockholders’ equity during 2017 =$47,000-$12,000
Changes in stockholders’ equity during 2017=$35,000
Therefore the changes in Coaches and Carriages owners’ equity during 2016 is -$1,000 and 2017 $35,000
2. Computation for the amount of Coaches and Carriages’ net income (or loss) for 2016 assuming that no dividends were paid and the owners made no additional contributions during the year.
Using this formula
2016 Coaches and Carriages’ net income (or loss) = Carriages owners’ equity during 2016-Dividend
Let plug in the formula
2016 Coaches and Carriages’ net income (or loss) = -$1,000-$0
2016 Coaches and Carriages’ net loss= -$1,000
Therefore the amount of Coaches and Carriages’ net income (or loss) for 2016 assuming that no dividends were paid and the owners made no additional contributions during the year will be -$1,000
3. Computation for the amount of Coaches and Carriages’ net income (or loss) for 2017 assuming that dividends paid during the year amounted to $10,000 and no additional contributions were made by the owner
Using this formula
2017 Coaches and Carriages’ net income =Ending Stockholders equity- Beginning Stockholders equity +Dividend
Let plug in the formula
2017 Coaches and Carriages’ net income = $47,000-$12,000+$10,000
2017 Coaches and Carriages’ net income=45,000
Therefore the amount of Coaches and Carriages’ net income (or loss) for 2017 assuming that dividends paid during the year amounted to $10,000 and no additional contributions were made by the owner will be $45,000
A company purchased inventory for $2,000 from a vendor on account, FOB shipping point, with terms of 2/10, n/30. The company paid the shipper $100 cash for freight in. The company then returned damaged goods worth $200. The invoice has been paid 8 days after the sale. Assuming that there was no beginning inventory balance, the cost of inventory would be: (Assume a perpetual inventory system)
Answer:
$1,864
Explanation:
Calculation for Assuming that there was no beginning inventory balance, the cost of inventory would be:
Cost of Purchase$2,000
Less Purchase Returns($200)
Less Purchase Discount ($36)
[(2%*$2,000)-(2%*$200)]
($40-$4=$36)
Add Freight In $100
Net Cost of Inventory Purchased $1,864
($2,000-$200-$36+$100)
Therefore Assuming that there was no beginning inventory balance, the cost of inventory would be: $1,864
"home is the best place for a sewing machine" what does it mean?
If the $65 application fee poses a financial hardship, we are happy to waive it for you. Williams actively seeks the most exceptional candidates regardless of financial need; therefore, applying for a fee waiver will NOT disadvantage your application in any way. Would you like to request a fee waiver
Answer:
I would like to request the application fee waiver of $65 if it poses a financial hardship for me.
Explanation:
Requesting a fee waiver depends on one's financial situation. If the fee can be paid without experiencing any financial hardship, then it is not necessary to accept or request the waiver. However, if the waiver will ease one's financial burden, then it would be in the applicant's best interest to request the waiver as provided by Williams College.
Nigel and Sylvia are married and live in California. On August 31 of 2019, they split up and filed for divorce with no intentions of reconciling. Nigel earned $4,000 each month of 2019 and Sylvia earned $2,000 a month from June through the end of the year. A joint bank account paid them interest of $200 each month. They will file MFS. How much will Sylvia report on her tax return?
a. $7,000
b. $8,200
c. $28,200
d. $32,200
Answer:
Sylvia will report $28,200 on her tax return.
Option C) $28,200 is the correct Answer
Explanation:
Given the data in the question;
Combined Income = ( 4,000 × 8 ) + ( 2000 × 3) = 32,000 + 6,000 = 38,000
Sylvia Separate Income = ( 2000 × 4 ) + ( 200 × 12/2) = 8000 + 1200 = 9,200
Now, the Income that Sylvia will report is;
⇒ (38,000 / 2) + 9200
= 19,000 + 9,200
= 28,200
Therefore Sylvia will report $28,200 on her tax return.
Option C) $28,200 is the correct Answer
In the current business environment, companies cannot survive without a long-term strategy. What exactly should an effective strategy include
Answer:
A set of plans for using resources to achieve sustainable
Explanation:
Long-term strategies
Long-term business strategies can be regarded as strategies that are utilized to get ones business through a pre-defined direction in coming years. It is a results-based strategy and usually fall between some time frame. It should be noted that In the current business environment, companies cannot survive without a long-term strategy. Companies should include
an effective strategy of A set of plans for using resources to achieve sustainable
In 2014, short-term interest rates were near zero, and yet the economy was still sluggish with low rates of economic growth and relatively high unemployment. What slow should be pursued in such an environment
How would you pay taxes on a unearned income?
In the long run, did the mining of silver and gold stimulate the economic growth of Latin America or hold it back?
Answer:
In the long run, the mining of silver and gold held back the economic growth of Latin America.
Explanation:
Wealth was created in the short run. However, this initial wealth creation was not extended to the whole economy. Few people were enriched by the mining activities. They became lords and bourgeoises and dissipated the resources on frivolities, thereby entrenching a circle of poverty mentality among the populace. Instead of reinvesting the resources acquired from mining into productive ventures, much of the resources were used to live ostentatious lives that did not benefit the people in the long run. This picture has been the bane of all resource-rich nations.
The nominal interest rate is 7% and the expected inflation rate is 2%. Based on the Fisher effect, the real rate of interest is: (Hint: keep up to four decimal points in calculation) Group of answer choices 6.86% 5.1% 5.0% 9%
Answer:
Real interest rate= 0.05 = 5%
Explanation:
Giving the following information:
Nominal interest rate= 7%
Expected inflation rate= 2%
The inflation rate decreases the purchasing power of nominal money. It has the opposite effect of the nominal interest rate.
To calculate the real interest rate, we need to use the following formula:
Real interest rate= nominal interest rate - inflation rate
Real interest rate= 0.07 - 0.02
Real interest rate= 0.05 = 5%
Multiple Choice
In 1950, the cost to go to a movie was 25 cents. In 2014, the cost to go to a movie is $15. This can be attributed to
- exchange value
- supply and demand
- inflation
- deflation
Answer:
inflation
Explanation:
You have $100 to invest. If you put the money into an account earning 5% interest compoundedannually, how much money will you have in 10 years
Answer:
$162.89
Explanation:
Given that :
Principal (p) = $100
Interest rate (r) = 5% = 0.05 (compounded annually)
Time or period = 10 years
Compound interest formula :
A = P(1 + r/n)^nt
A = final amount ; n = number of compounding times per period
A = 100(1 + 0.05/1)^1*10
A = 100(1 + 0.05)^10
A = 100(1.05)^10
A = 100(1.62889462677744140625)
A = 162.8894626
A = $162.89
Drawing on material in the chapter and your own research, prepare a paper describing your views on the major social and legal issues facing online retailers.
Answer: Online Sales Taxes
Explanation:
Taxes has grown much bigger for most online retailers, when the like of Amazon started selling products online they were not billed to pay tax, those taxed then where companies who had a building(structure) but now online stores are now subject to taxes.
Some of the tax are much that it affects sellers who are not able to break even and make profit, especially when they don't meet targets they've set for themselves.
A candy bar manufacturer is interested in trying to estimate how sales are influenced by the price of their product. To do this, the company randomly chooses 6 small cities and offers the candy bar at different prices. Using candy bar sales as the dependent variable, the company will conduct a simple linear regression on the data below:
City Price ($) Sales
River Falls 1.30 100
Hudson 1.60 90
Ellsworth 1.80 90
Prescott 2.00 40
Rock Elm 2.40 38
Stillwater 2.90 32
Referring to the above listed table, what is the estimated slope parameter for the candy bar price and sales data?
A) 161.386
B) 0.784
C) -3.810
D) -48.193
Referring to the table, what is the estimated average change in the sales of the candy bar if price goes up by $1.00?
A) 161.386
B) 0.784
C) -3.810
D) -48.193
Referring to the table, what is the coefficient of correlation for these data?
A) -0.8854
B) -0.7839
C) 0.7839
D) 0.8854
Answer:
-48.193
-48.193
-0.8854
Explanation:
Given the data:
Price (X) : 1.30, 1.60, 1.80, 2.00, 2.40, 2.90
Sales (Y) : 100, 90, 90, 40, 38, 32
To answer the questions, we create a linear regression equation, using an online regression calculator :
The regression model obtained is :
ŷ = -48.1928X + 161.3855
The general form of a regression equation is :
y = mx + c
Where ;
y = dependent variable ; x = independent variable ; m = slope ; c = intercept
From the model, slope, m = - 48.1928
2.) Estimated average change if price goes up by $1.00
This is the value of the slope which is the average rate of Change in the dependent variable if the independent variable charges by 1 unit.
= - 48.193
C.)
Coefficient of correlation : - 0.8854 (using the correlation Coefficient calculator) ; This implies a strong negative correlation between the variables.
Your grandparents deposit $2,000 each year on your birthday, starting the day you are born, in an account that pays 7% interest compounded annually. How much will you have in the account on your 21st birthday, just after your grandparents make their deposit
Answer:
The money you will have is $98020.
Explanation:
It is given that grandparents deposit $2,000 each year on birthday and the account pays 7% interest compounded annually also the time is 21 years.
we will use the compound interest formula [tex]A=P (1 + \frac{r}{100})^{t}[/tex].
For the first birthday the amount after 21 yr will be:
[tex]A=2000(1+\frac{7}{100})^{21}[/tex]
Similarly for the second birthday amount after 20yr will be:
[tex]A=2000(1+\frac{7}{100})^{20}[/tex]
likewise, the last compound will be:
[tex]A=2000(1+\frac{7}{100})^1[/tex]
The total value of such compounding would be :
[tex]\text {Total amount}=2000(1+\frac{7}{100})^{21}+2000(1+\frac{7}{100})^{20}...2000(1+\frac{7}{100})^{1}[/tex]
[tex]\text {Total amount}=2000[(1+\frac{7}{100})^{21}+(1+\frac{7}{100})^{20}...(1+\frac{7}{100})^{1}][/tex]
[tex]\text{Total amount} \approx 2000(48.01)[/tex]
[tex]\text{Total amount} \approx 96020[/tex]
The total amount just after your grandparents make their deposit is:
≈($96020+2000)
≈$98020
Hence, the money you will have is $98020.
Kramer Corporation recently announced that its net income (EAT) was lower than last year. However, analysts estimate that the company's net cash flow (NCF) increased. What factors could explain this discrepancy
Answer:
When you are preparing the cash flow statement, some adjustments are made that actually increase the cash flow even if the net income has decreased, for e.g.:
lower accounts receivableslower inventorieshigher depreciation and amortization expenseshigher accounts payables and accrualssale of investmentsnew long term debtless dividends distributednew capital raisedA policy of permitting the people of a country to buy and sell where they please, without restrictions, is called:
Answer: free trade
Explanation:
A policy of permitting the people of a country to buy and sell where they please, without restrictions, is referred to as the free trade.
Free trade allows countries interact with one another and trade the foods and services that they've.
Culture is a system of values and norms shared among a group of people and that when taken together constitute a design for living. Any culture is based on values that provide the context within which a society's norms are established and justified. Norms of a culture can be further subdivided into folkways and mores, which govern the social rules of people's actions toward one another Roll over the items to view examples related to values, folkways, and mores. Then match them with the correct category.
Theft Freedom Values Folkways Mores
Time orientation Role of women
Use of alcohol Japanese business etiquette
Answer:
Note: We can see the organized table as attached as picture below
The following shows the matching of the given examples with their respective categories:
Values Folkways Mores
Freedom Japanese business etiquette Theft
Role of women Time orientation Use of alcohol
Assume the appropriate discount rate is 2% per period. The discount factor for a cash flow 10 periods from today is closest to:
Answer:
0.8203
Explanation:
Given that :
Using the discount factor formula :
1 / (1 + r)^n
r = discount rate = 2% = 0.02
n = number of periods = 10
1 / (1 + 0.02)^10
1 / (1.02)^10
1 / 1.21899441999475713024
= 0.8203482
= 0.8203
An organization expresses its reason for being, what it aspires to be, and the values it wants to emphasize in its mission, vision, and values statements, respectively. This activity is important because these three statements are the necessary foundation for a successful organizational planning process.
The goal of this exercise is to challenge your knowledge of important components of organizational mission, vision, and values statements.
Read the descriptions and select whether the description pertains to a mission, vision, or value statement.
1. Describes the image the organization wants to project
A. Values Statement
B. Vision Statement
C. Mission Statement
2. Inspires enthusiasm and encourages commitment
A. Vision Statement
B. Values Statement
C. Mission Statement
3. Illuminates the organization’s attitude toward its employees
A. Values Statement
B. Vision Statement
C. Mission Statement
4. Is intended to guide all of the actions in the organization
A. Vision Statement
B. Mission Statement
C. Values Statement
5. Is easily understood and well-articulated
A. Vision Statement
B. Mission Statement
C. Values Statement
6. Outlines the organization’s customer base
A. Values Statement
B. Vision Statement
C. Mission Statement
7. Expresses the company’s worldview
A. Vision Statement
B. Mission Statement
C. Values Statement
8. Is appropriate for the times and for the organization
A. Mission Statement
B. Values Statement
C. Vision Statement
9. Limits itself to a small number that employees can recall when making decisions
A. Mission Statement
B. Vision Statement
C. Values Statement
10. Articulates the geographical locations where the company competes
A. Vision Statement
B. Mission Statement
C. Values Statement
11. Unchanging; As applicable in 100 years as it is today
A. Vision Statement
B. Mission Statement
C. Values Statement
12. Reflects high ideals
A. Mission Statement
B. Vision Statement
C. Values Statement
Solution :
Vision statement : A vision statement is defined as an inspirational statement of the economic future of any organization. It is what the organization is going to be in the future.
Mission statement : A mission statement supports the vision statement and says the ways to achieve and meet the vision.
Value statement : A value statement describes and defines in what any organization believes and how its employees should behave in the organization.
The following statements describes :
1. Describes the image the organization wants to project
---- it is a Mission Statement
2. Inspires enthusiasm and encourages commitment
------it is a Vision Statement
3. Illuminates the organization’s attitude toward its employees
----- it is a Mission Statement
4. Is intended to guide all of the actions in the organization
----- it is a Value Statement
5. Is easily understood and well-articulated
------ it is a Vision Statement
6. Outlines the organization’s customer base
------ it is a Mission Statement
7. Expresses the company’s worldview
------ it is a Value Statement
8. Is appropriate for the times and for the organization
------ it is a Vision Statement
9. Limits itself to a small number that employees can recall when making decisions
------ it is a Value Statement
10. Articulates the geographical locations where the company competes
------ it is a Mission Statement
11. Unchanging; As applicable in 100 years as it is today
------- it is a Value Statement
12. Reflects high ideals
------ it is a Vision Statement
application sick live
Enhance Reinsurance Company was reported to have offered $4.2 million. Find the return that the company was looking for.
Question:
Several years ago The Wall Street Journal reported that the winner of the Massachusetts State Lottery prize had the misfortune to be both bankrupt and in prison for fraud. The prize was $9,420,713 to be paid in 19 equal annual installments. (There were 20 installments, but the winner had already received the first payment.) The bankruptcy court judge ruled that the prize should be sold off to the highest bidder and the proceeds used to pay off the creditors.
a. If the interest rate was 8%, how much would you have been prepared to bid for the prize?
b. Enhance Reinsurance Company was reported to have offered $4.2 million. Use Excel to find the return that the company was looking for.
Answer:
a. The amount I would have been prepared to bid for the prize is $4,761,724
b. The rate of return (r) they (that is Enhance Reinsurance Company) was looking for is r = 9.81%.
Explanation (a):
I would be willing to pay approximately USD 4.76 Million for the lottery because my Present Value calculations show me that the total value of the money now is worth less than it will be by the time I have collected the last installment 19 years later.
Present Value in finance refers to the incumbent value of cash or money or stream of cash flows to be received at a future date and or time subject to a rate of return. Its formula is given as follows
PV = [tex]FV\frac{1}{(1+r)^{2} }[/tex]
Step 1:
If there were 20 installments and the winner had already received the first installment, then the remaining monthly installments (that is the Future Values) are given as follows:
Balance divided by 19 years
$9,420,713 / 19 = $495,827
Step 2:
PV=$495,827 [tex][\frac{1}{0.08} - \frac{1}{0.08 X (1.08^{19} )} ][/tex]
PV = $4,761,724
Explanation (b):
Given that Enhance Reinsurance Company (ERC) was willing to pay $4.2 Million, the rate of return they were looking at can be calculated as follows:
$4,200,000 = $495,827 x [tex][\frac{1}{r} - \frac{1}{r X (1+r)^{19} } ][/tex]
Computing the above with excel, we arrive at 9.81%.
Cheers!
According to CAPM, a security with:
A) an alpha of zero is able to generate a return which is greater than the market return
B) a positive alpha is considered overpriced, since the security
outperforms the market
C) an alpha of zero is able to generate a return which is inferior to the market return
D) a positive alpha is considered underpriced, since the security outperforms the market
Answer:c
Explanation:
Which of the following actions would be the best way to identify one's areas of stregth? a) visit a career fair
b) write a resume
c) consult the occupational outlook handbook
d) take a self-assessment test
Answer:
d) Take a self-assessment test.
Explanation:
To determine what one's strengths are, there is no one better than oneself to know them. This is because, an individual knows himself best, more than anyone else.
So, in order to identify the areas of interest of a person, that person can take a self-assessment test that will help him/ her see what are the strengths, the qualities that he possesses, etc. This self-assessment test will help figure out the pros and cons of that person and help determine the strengths he possesses.
Thus, the correct answer is option d.
To appropriately analyze and interpret data, you should: Select one: a. compare a data point (e.g. sales in September) to its previous value (e.g. sales in August) b. compare a data point (e.g. sales in September 2013) to its value in the previous year (e.g. sales in September 2012) c. only compare year-to-date data d. avoid paired comparisons and only present data in its proper historical context
Answer:
c. only compare year-to-date data
Explanation:
The year to date data refer to the time period that starts from the first day of the present calender year or fiscal year to the present date. It is useful to analyze and interpret the data in order to see the trends of the business over the time also at the same time it compared the performance with that of competitors or the peers who deals in same industry
Therefore the option c is correct
Sam owns and operates Floating Away, a beach concession business. She has five rental wagons located along a seven-mile stretch of a vacation beach. Each wagon rents floats, boogie boards, umbrellas, and lounge chairs by the hour or by the day. Customers walk to the wagon to inquire about rates and usually rent the items immediately. Sam prides herself on the way her employees interact with her customers in order to help make their vacation experience the most enjoyable and convenient it can be. For example, if someone rents an umbrella for the day, the wagon worker follows the customer to his or her desired location and sets it up. And at the end of the day, the worker retrieves the umbrella. Customers have appeared to be very satisfied with this arrangement, as evidenced by the profitability enjoyed by Sam�s business for the past several years. This year, however, a new competitor, J J�s Floats, has opened up close to one of her wagons and has seriously impacted the profitability of that wagon. Sam realized that she needed to find a way to innovate and improve her offerings or run the risk of losing even more business to her competitor. Sam decided to survey her current customers to learn what her employees could do to make their rental experience even better. Using the comments they received, Sam and her employees worked together to develop a plan of action. They came up with several improvements based on customer responses. One change they made was in the length of time customers could rent the products. Customers indicated they wanted to have the rentals for their entire vacation period without having to come back each morning. Sam decided to add weekly rental prices and allow customers to keep the items in their hotel rooms, returning them at the end of the rental period. She also began setting up umbrellas and chairs along the beach each morning ahead of the crowd with signs hanging on them saying, �Have a seat, the rental attendant will be right along to help you� with rental prices attached. This made her rentals much more convenient for the customers. With these adjustments, her profits returned to record-high levels, and Sam appears to have thwarted the threat of her new competitor�at least for the time being.
Put the steps of the process in the correct sequence
Customers approach the rental wagon to inquire about rates and rent the items.
Asking current customers what would make their rental experience better.
Floats, boogey boards, umbrellas, and lounge chairs.
Satisfied customers.
Customers' great vacation experience.
Employee brings umbrella to the customer's location and sets it up.
Sam's profitability returns to record-high levels.
Employees' helpful and friendly attitude.
Transformational Processes Feedback Input Output
Answer:
Sam's Floating Away
Correct Sequence of Process Improvement:
1. Floats, boogie boards, umbrellas, and lounge chairs.
2. Customers approach the rental wagon to inquire about rates and rent the items.
3. Employees' helpful and friendly attitude.
4. Employee brings umbrella to the customer's location and sets it up.
5. Customers' great vacation experience.
6. Satisfied customers.
7. Asking current customers what would make their rental experience better.
8. Transformational Processes Feedback Input Output
9. Sam's profitability returns to record-high levels.
Explanation:
Service improvement steps
Sam followed the great improvement steps to align her services with the needs of her Floating Away business. They include:
1. Identifying the best approach for improvement.
2. Stating what to measure.
3. Collecting the correct data.
4. Processing the gathered data.
5. Analyzing the data and information.
6. Presenting and using the information for service improvement.
7. Implementing corrective, improvement, or remedial activities.
If Kaci finds $1,000 under her bed and deposits in a bank, what is the immediate change in checkable bank deposits (demand deposits)
Answer: Increase by $1,000
Explanation:
Kaci took the $1,000 and deposited it in a bank account. This will increase checkable bank deposits by the same amount because this is what the money will be classified as.
It will form part of M1 money supply which consists of the most liquid currency like physical cash and demand deposits.
The immediate change in checkable bank deposits (demand deposits) is increased by $1,000.
Given that,
If Kaci finds $1,000 under her bed and deposits in a bank.The change should be explained below.Based on the above information, the following information should be considered:
In the case when kaci took $1,000 and the same should be deposited in the bank account.It increased the checkable bank depositsTherefore, we can conclude that the immediate change in checkable bank deposits (demand deposits) is increased by $1,000.
Learn more: brainly.com/question/2977909
Wang, Inc. borrowed $10,000 from Second National Bank on January 1, 2010. The loan is to be repaid on July 1, 2010, along with interest at 6% per year. How much interest should be paid on July 1?
Answer:
$300
Explanation:
Given that:
Amount borrowed = $10000
Date borrowed = Jan 1, 2010
Repayment date = July 1, 2010
Interest rate = 6% ; time = 6 months = 0.5 year
Using the relation :
A = P(1 + rt)
A = final amount to be paid
A = 10000(1 + 0.06*0.5)
A = 10000(1 + 0.03)
A = 10000(1.03)
A = $10,300
Interest paid = $10300 - $10000 = $300