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Determine the simple interest rate at which $1,500 will grow to $1,550 in the 8 months. Round your answers to the nearest tenth of percent.
A) The interest rate is 5%/year.
B) The interest rate is 4.33%/year.
C) The interest rate is 4.76%/year.
D) The interest rate is 66.67%/year.
E) The interest rate is 3.06%/year.
Suppose a stock had an initial price of $83 per share, paid a dividend of $1.40 per share during the year, and had an ending share price of $96.
Palermo Wholesalers is preparing its merchandise purchases budget. Budgeted sales are $408,000 for April and $485,000 for May. Cost of goods sold is expected to be 64% of sales.
In 2008, the company sold 675,000 boxes of Frosted Flakes and customers redeemed 330,000 box tops receiving 110,000 bowls. If the bowls cost Milner Company $2.50 each, how much liability for outstanding premiums should be recorded at the end of 20..
The company expects to incur $56,400 of total inspecting costs this year. How much of the inspecting costs should be allocated to the Beginner model using ABC costing?
During the year, Katie received the following: What amount must Cathy include in gross income?
At what amount should the equipment (net of depreciation) be included on the consolidated balance sheet dated December 31, 2009?
Aquafloat Corporation manufactures raft for us in swimming pools. The standard cost for material and labor is $89.20 per raft. Compute the following amounts. Indicate whether each variance is favorable or unfavorable.
The machine would reduce labor and other operating costs by $76,000 per year. The internal rate of return on the investment in the new machine is closest to:
On January 10, Klugman purchased 6 units at $660 each.The company sold 2 units on January 8 and 4 units on January 15. Compute the ending inventory under (1) FIFO, (2) LIFO, and (3) average-cost.
Compute the amount of financial revenue that will be earned over the lease term and the manufacturer's profit that will be earned immediately by Aquarius
Alliance software began 2009 with accounts receivable of $115,000, All sales are made on credit. Sales and cash collections from customers for the year were $780,00 and $700,000 respectively. Cost of goods sold for the year was $450,000. what was ..
Your rich godfather has offered you a choice of one of the three following alternatives: $10,000 now; $2,000 a year for eight years; of $24,000 at the end of eight years. Assuming you could earn 11 percent annually, which alternative should you ch..
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