If Sam invested $3,000 and he earned $300 over six months, the principal is _____.six months
$300
$3,000
$3,300

Answers

Answer 1

Answer: when we say the principal amount, we are talking about the amount that was initially invested. So if we say that Sam invested 3000 in an investment opportunity and earned 300 in six months, the 3000 is the principal amount and 300 is the profit.

Answer 2

Answer:

answer

3000

explanation

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LaGrange Corp. has forecasted that over the next four years the average annual after-tax income will be $45,731. The average book value of the manufacturing equipment that is used is $167,095. What is the accounting rate of return

Answers

Answer:

Accounting rate of return is = 27.37%

Explanation:

Accounting rate of return = (Average annual after-tax income ) / Average Book value of Equipment )

Accounting Rate of return = ($45731 / $167095) = 27.37%

Final answer:

The Accounting Rate of Return (ARR) of LaGrange Corp, calculated using the average after-tax income and the average book value of the manufacturing equipment, would be approximately 27.35%.

Explanation:

The Accounting Rate of Return (ARR) is a financial metric used mainly for decision-making purposes. It is calculated by dividing the average annual after-tax profit by the average investment in an asset, project, or business. In this case, the question requires us to find the ARR using an average after-tax income of $45,731 and an average book value for the manufacturing equipment of $167,095.

The formula for ARR is: ARR = (Average annual after-tax income / Average investment) x 100

Thus, for LaGrange Corp. the calculation would be:

ARR = ($45,731 / $167,095) x 100

Therefore, the Accounting Rate of Return for LaGrange Corp. based on the given information would be approximately 27.35%.

Learn more about Accounting Rate of Return here:

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If a disabled worker is eligible for a Social Security disability benefits, his or her spouse and children may each also be eligible for a benefit in the amount of ____% of the disabled worker's benefit.

Answers

Answer:

The correct answer is 50%.

Explanation:

Social security benefits are aid provided by the government to the old, retirees and disabled people and their spouses and children.

Social Security disability benefits are provided to those who can't work because of some disability or medical condition that will last for a minimum of 1 year.

Spouse and children of disabled people get a 50% benefit.

For a car loan using simple interest at a given rate, the amount of interest charged varies jointly with the loan amount (also known as the principal) and the time of the loan (in years). if a $ 15 comma 000 car loan earns $2610 in simple interest over 6 years, how much interest will a $32 comma 000 car loan earn over 8 years?

Answers

Okay, we start with the formula for simple interest, A = P(1 + rt). However, we are really interested in the p*rt part of the formula. Why? r is the interest rate, p is the principal and t is the time.

Let's solve for r using the first loan info.

We have r*6*15000=2610 ------> r=2.9%. From our calculation the interest is 2.9% per year.

For the $32,000 loan in 8 yrs, the interest amount is 8*2.9%*32000=$7424

How are consumer buying decisions related to successful financial management?

Answers

Answer:

The correct answer is " If the consumer spends their money according to their financial plan it would be successful".

Explanation:

If the consumer decides to spend their money according to the financial plan that was developed to achieve the objectives that the company has, then we can say that the financial management that was previously planned is successful.

Have a nice day!

Answer: Consumer buying decisions are related to successful financial management because of spending habits, do you tend to overspend or under-spend? If the consumer is spending their money according to their financial plan then their financial management would be successful.

Net worth is the amount you owe creditors.
a. True
b. False

Answers

Answer:

False

Explanation:

Net worth is the amount money from the assets you own minus your debts.

If your company increases its market penetration, what is happening

Answers

That means more people in the market are purchasing the company's product. This tends to happen due to the fact that there are lots of people purchasing the products. That's where the word 'penetration' come from since people are starting to see it as totally in demand.

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