General Foods buys wheat on the cash market for its many cereal
products. In January, the cash price is $2.50 per bushel. The April
futures contract is trading at $3.00 per bushel (answer all 5
parts)

Answers

Answer 1

The difference between the cash price and futures price is $0.50 per bushel, and hedging helps manage price risk.

To address each of the five pieces of the inquiry:

1) The contrast between the money cost and the fates cost is $3.00 - $2.50 = $0.50 per bushel.

2) Assuming that Overall Food sources chooses to support its situation, it can sell wheat prospects agreements to secure in the selling cost of wheat in April at $3.00 per bushel. Thusly, it safeguards itself against potential cost changes.

3) The addition or misfortune from the support will rely upon the genuine money cost of wheat in April.

On the off chance that the money value ascends to, for instance, $3.50 per bushel, General Food varieties will cause a deficiency of $0.50 per bushel on the fates contract yet will profit from the higher money cost, bringing about a net increase of $0.50 per bushel.

4) On the off chance that the money value diminishes to $2.00 per bushel in April, General Food sources will acquire $0.50 per bushel on the fates contract however will lose on the lower cash cost, bringing about an overal deficit of $0.50 per bushel.

5) By supporting, General Food sources can deal with its cost risk, guaranteeing a more unsurprising expense for buying wheat for its grain items, regardless of whether the genuine money cost in April strays from the first money cost in January.

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The complete question is:

General Foods buys wheat on the cash market for its many cereal products. In January, the cash price is $2.50 per bushel. The April futures contract is trading at $3.00 per bushel (answer all 5 parts).

a. To hedge against price risk does the firm go long or short in the futures market for wheat?

b. In April the cash price is $3.00 per bushel, while the April futures price is $3.50 as well. Did General Foods’ have a loss or gain per bushel in the cash market?

c. What was it?

d. Did General Foods’ have a loss or gain per bushel in the futures market?

e. What was it?


Related Questions

Which of the following CTSOs benefits students entering manufacturing?
A. DECA
B. SkillsUSA
C. FFA
D. FEA

Answers

the answer is b. skillsUSA

Answer:

Answer is b.

Explanation:

The professional qualifications standards provided by the __________ are a valuable tool for establishing positions, developing KSAs, advertising and hiring, and determining base salaries that are in line with jobs with comparable skill levels.

Answers

The NFPA - National Fire Protection Association is responsible for coming up with professional qualifications standards.

They are set up with the purpose of preventing and or reducing the occurrence of death, loss of lives, property and businesses arising from fire, electrical hazards, and similar risks.

It is the belief of the NFPA that employing rightly is critical to the attainment of these objectives.

Knowledge, Skills, and Abilities (KSA) must also be developed perperly if existing and incumbent staff are to remain efficient at their jobs.

As with every other job/organization that bears directly on life and property, the NFPA's processes are held to very high standards.

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the purchase price and all costs to bring an asset to its desired condition and location for use should be blank______.

Answers

The purchase price and all costs to bring an asset to its desired condition and location for use should be capitalized.

When an organization acquires a long-term asset, it is important to capitalize all costs associated with getting the asset ready for use. This process includes not only the purchase price but also any additional expenses that are necessary to bring the asset to its desired condition and location for its intended purpose.

Capitalization of costs ensures that the organization properly records and allocates the expenses over the useful life of the asset, rather than treating them as one-time expenses in the financial statements. This approach allows for a more accurate representation of the organization's financial position and performance. Costs that should be capitalized can include transportation, installation, testing, legal fees, and any necessary modifications or improvements.

By capitalizing these costs, the organization ensures that the financial statements reflect the true investment in the asset and provide a better understanding of its value over time. This information can be helpful for decision-making and assessing the organization's financial health.

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which of the following is not performed by the fed? group of answer choices holding member bank reserves on deposit making loans to member banks issuing bank notes serving as bankers to other banks holding deposits of households and firms

Answers

Five tasks are carried out by the Federal Reserve System to advance the efficient running of the American economy and, more generally, to satisfy the needs of the general public,the Board of Governors, the 12 Federal Reserve Banks, and the Federal Open Market Committee are its three main constituents.

Overview of the Federal Reserve System

In order to advance the soundness of the American economy and the stability of the American financial system, the Federal Reserve undertakes five essential tasks.

The Three Key System Entities

In order to advance the strength of the American economy and the stability of the American financial system, the Board of Governors, the Federal Reserve Banks, and the Federal Open Market Committee collaborate.

Conducting Monetary Policy

In order to encourage maximum employment and stable pricing in the American economy, the Federal Reserve determines the country's monetary policy.

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The top two targets for ransomware attacks are the __________. Group of answer choices Internal Revenue Service and the Social Security Administration petroleum industry and nuclear facilities aviation and aerospace industries healthcare industry and financial institutions

Answers

The top two targets for ransomware attacks are the **healthcare industry and financial institutions**.

Ransomware attacks involve malicious actors encrypting or blocking access to an organization's data and demanding a ransom in exchange for restoring access. While various sectors and organizations can be targeted, the healthcare industry and financial institutions are frequently singled out due to the potential for financial gain or disruption of critical services.

The healthcare industry is an attractive target because of the sensitive patient data it holds, including personal and medical information. This data is valuable on the black market, making healthcare organizations vulnerable to ransomware attacks.

Financial institutions are also prime targets due to the potential financial impact of an attack. Ransomware attacks on banks, for example, can disrupt financial transactions, compromise customer accounts, and lead to significant financial losses.

These sectors often possess valuable assets, interconnected systems, and a high degree of reliance on digital infrastructure, making them attractive targets for cybercriminals seeking financial gain or causing widespread disruption.

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The order fulfillment process involves which of the following functional areas of a​ business?
A. Manufacturing and​ production, human​ resources, and accounting.B.​ Sales, human​ resources, and manufacturing and production.C.​ Sales, human​ resources, and accounting.D. Human​ resources, accounting, and service.E.​ Sales, accounting, and manufacturing and production.

Answers

Answer:

E. Sales, accounting, and manufacturing and production.

Explanation:

Order fulfillment first takes place in the Sales department - where the Sales team makes known to the customer the products and services available. then the human resources selects talent to help with the production and manufacturing. Accounting function helps determine the cost.

all of the following are needed for the calculation of straight-line depreciation except

Answers

your answer should be units produced

a firm's "marketing mix" decision areas would not include:

Answers

A firm's "marketing mix" decision areas would not include the overall business strategy or financial management. The marketing mix refers to the 4Ps - product, price, promotion, and place - that a company uses to market and sell its products or services.

The marketing mix decision areas are specifically related to the marketing function of a firm and focus on the elements that directly impact the customer experience. The product element refers to the design, packaging, and features of the product or service being sold. The price element refers to the cost of the product and how it is priced relative to competitors. The promotion element refers to the advertising and communication strategy used to promote the product. The place element refers to the channels used to distribute the product to customers. These four elements collectively make up the marketing mix and are critical to a company's success in the market. However, other business functions such as overall business strategy or financial management would not fall under the marketing mix decision areas.

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When businesses buy products they may:

a.
Consume those products themselves

b.
Use those products in the production other products

c.
Resell those products to others

d.
All of the above

Answers

When businesses buy products, they have the option to consume them, use them in production, or resell them to others. Therefore, the correct answer is d. All of the above.


Businesses may consume the products themselves, meaning they use the products for their own internal operations or purposes. For example, a restaurant buying ingredients to prepare meals for their customers would be consuming the products.

Businesses may also use the products in the production of other products. This means they incorporate the purchased products as raw materials or components in the manufacturing process. An example of this is a car manufacturer buying steel to make car frames.

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What are wholesalers​

Answers

Answer:

Wholesaler is a company that earns money by buying large quantities of goods then selling in bulk to smaller businesses.

Hope this help :)

Answer:

Wholesalers are companies or businesses that buy large quantities of products from other companies, then resell the products in bulk or individually.

Explanation:

Examples; Costco Wholesale & Sam's Club

¿Un producto tiene una EPD de 0,73. Qué podemos decir acerca de la Elasticidad de este producto? Explique.

Answers

Answer:

En este caso, EPD tiene un valor de 0,73, siendo menor que 1. Por lo que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio.

Explanation:

La elasticidad precio de la demanda (EPD) indica en qué medida los cambios en el precio alteran la demanda de productos o servicios concretos. En otras palabras, la elasticidad precio de la demanda señala cuánto varía la cantidad demandada de un bien cuando varía su precio.

Se calcula comparando el valor porcentual del cambio en el precio con el del correspondiente cambio en la demanda. Es decir, se define como el cambio porcentual en la cantidad demandada dividido por el cambio porcentual en el precio.

Si la EPD > 1, se dice que la demanda del bien es elástica y la cantidad demandada aumenta (disminuye) en mayor proporción en que baja (sube) el precio.  La cantidad demandada aumenta (disminuye) en mayor proporción en que baja (sube) el precio.

Si la EPD < 1, se dice que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio. La demanda de un bien es inelástica cuando la reacción de los consumidores ante un cambio en el precio no es significativa.

Si la EPD = 1, se dice que la demanda del bien tiene elasticidad unitaria y la cantidad demandada aumenta (disminuye) en la misma proporción en que baja (sube) el precio.

En este caso, EPD tiene un valor de 0,73, siendo menor que 1. Por lo que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio.

15. The word tourism first referred to which of the following? (1 point)
Oa theatrical voyage
Oa ship used by pirates in the Caribbean
O a traditional Austrian dance
O a gift given to a hostess

Answers

The word tourism was first referred to as a theatrical voyage. So, option (a) or (i): theatrical voyage is the correct answer.

Why is tourism referred to as a theatrical voyage?

Many tourist places in China have quickly established theatrical performances; yet, little research has been done in this crucial field.

The tour de France, a great tour, conducted by young nobility during the 16th and 18th centuries, was an early form and predecessor of modern tourism.

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Allen wants to know how much money he will have at the end of 5 years if he invests the money in a savings account which earns a 2% interest rate applied monthly. How much money will he have, if he invests the $200 at the beginning of every month

Answers

At the end of 5 years, Allen will have approximately $12,533.21 in his savings account.

Allen wants to know how much money he will have at the end of 5 years if he invests $200 at the beginning of every month in a savings account that earns a 2% interest rate applied monthly.

To calculate the future value of Allen's investment, we will use the future value of an ordinary annuity formula:
FV = P * ((1 + r)^nt - 1) / r

where:
FV = future value of the investment
P = monthly investment amount ($200)
r = monthly interest rate (2% annual interest rate divided by 12 months = 0.02/12)
n = number of times the interest is applied per year (12 times)
t = number of years (5 years)

Hence,

1: Calculate the monthly interest rate

r = 0.02/12 = 0.00166667

2: Calculate the total number of times the interest is applied

nt = 12 * 5 = 60

3: Calculate the future value

FV = $200 * ((1 + 0.00166667)^60 - 1) / 0.00166667

FV = $200 * ((1.00166667)^60 - 1) / 0.00166667

FV = $200 * (1.1043 - 1) / 0.00166667

FV = $200 * 0.1043 / 0.00166667

FV ≈ $12,533.21

At the end of 5 years, Allen will have approximately $12,533.21 in his savings account if he invests $200 at the beginning of every month with a 2% annual interest rate applied monthly.

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Feelings can be hurt by mutually respecting coworkers. Please select the best answer from the choices provided T F

Answers

Answer:

False

Explanation:

A team can be defined as a group of people or set of individuals with various skill set, knowledge and experience coming together to work on a project or task in order to successfully achieve a set goal and objective.

This ultimately implies that, a team comprises of individuals, workers or employees having complementary skills, knowledge and experience needed to execute a project or task successfully. Therefore, workers working as a team usually interact with the other team members and as a result, this enhances performance and strengthen the level of relationship they share.

Basically, when coworkers or employees working in an organization have mutual respect for one another, it would help to tighten or strengthen the bond that exists in the workplace and as such improving their feelings for each other.

This ultimately implies that, feelings cannot be hurt by mutually respecting coworkers.

Communities depend on local businesses to support local events.

A. True
B. False

Answers

Answer:

A. True

Explanation:

A proactive stance can be defined as voluntary business practices adopted by an organization or business firm beyond the standard regulatory practice, so as to actively enhance and facilitate growth and development in a society.

In Business management, social responsibility can be defined as an organization's obligation to act in a manner that benefits and adds significant value to the society, usually it has its business operations.

Hence, in addition to making profits and maximizing shareholders, organizations are required to lessen negative environmental impact or degradation and provide social amenities such as pipe-borne water, electricity, roads etc. It is also referred to as corporate social responsibility (CSR).

Hence, communities usually depend on local businesses operating within the community to support local events both financially, morally and other wise.

The statement, "Communities depend on local businesses to support local events." is true.

Local businesses are deeply connected to the community and have a vested interest in its success.

They understand that by actively participating in local events, they can foster positive relationships with community members and potential customers.

Local businesses often have a better understanding of the unique needs and preferences of the community they serve.

This knowledge allows them to tailor their support to specific events and make a more significant impact.

The success of local events often translates into increased foot traffic and sales for local businesses.

Thus, local businesses play a vital role in enhancing the vibrancy and economic growth of communities.

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The young men below are in colloquial language, “getting their hustle on!” Explain how their business is a sole proprietorship. Secondly, explain why the government will have a difficult time taxing this type of business.

The young men below are in colloquial language, getting their hustle on! Explain how their business is

Answers

These businesses are typically not registered with the government, and they do not have an official structure.

The government may be unwilling or unable to regulate these types of businesses because they are frequently viewed as necessary for economic growth and development.

In colloquial language, the young men below are "getting their hustle on." A sole proprietorship is a type of business that is owned and operated by a single individual. The young men's business can be referred to as a sole proprietorship since they are the sole owners of the business.

They are the ones who started the business, are responsible for all of its operations, and are accountable for all of the profits or losses.The government will have a tough time taxing this type of business for a variety of reasons.

Firstly, these businesses are typically not registered with the government, and they do not have an official structure. As a result, it's difficult for the government to track their activities and evaluate their taxes.

Secondly, many of these businesses operate in the informal sector, and they do not have formal accounting procedures or systems in place. As a result, it's difficult for the government to determine their exact revenue and taxable income.

Thirdly, these businesses are frequently involved in cash transactions, and it's difficult for the government to monitor their cash flow and revenue. As a result, they may not accurately report their earnings or pay the required taxes.

Finally, the government may be unwilling or unable to regulate these types of businesses because they are frequently viewed as necessary for economic growth and development. As a result, they may not be heavily taxed, if at all, since the government may be hesitant to discourage their operations.

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When given one variable value, the value of other variables can be easily estimated. This applies to which type of graph? a. Line c. Scale b. Bar d. Both A and B Please select the best answer from the choices provided A B C D

Answers

Answer: A. Line!

Explanation: On Edge!!

Question 6 (1 point) Import Quotas do not O raise prices O limit supply O decrease consumer surplus O generate tax revenues

Answers

Import Quotas do limit supply and decrease consumer surplus, but they do not raise prices or generate tax revenues.

What do you mean by Import Quotas ?


1. Import quotas are imposed to limit the supply of goods from foreign countries.


2. By limiting supply, the demand for domestic goods increases, leading to higher prices for those goods.


3. The increase in prices decreases consumer surplus, as consumers now have to pay more for the same goods.


4. Import quotas do not generate tax revenues, as they are not a tax on imported goods but rather a restriction on the quantity of goods imported.

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Exhibit 13-03 On January 1, 2017, Train, Inc., accepted an $80.000 non-interest bearing 3 year note in exchange for equipment it sold to Steam Company. Train originally purchased the equipment for $125,000, and it had a book value of $75,000 on the date of the sale. The note was non-interest-bearing. An assumed 11% interest rate is implicit in the agreement. Actual information for 11%, three periods, follows: Present value of 1 Present value of annuity of 1 0.73119 2.44371 Refer to Exhibit 13-03. What amount would Train show as the balance for Discount on Notes Receivable on December 31, 2018? Select one a 564,929 D$7.928 c. $15,071 d. 57,142

Answers

Based on the details provided, the amount Train would show as the balance for Discount on Notes Receivable on December 31, 2018 is $15,071.

The formula to determine the present value of a non-interest bearing note is:Present Value of Note = Face Value / (1 + r)nWhere:r = Interest rate (in decimal format)n = Number of periods

Using the values given in the question:Face Value = $80,000n = 3r = 11%The present value of the note can be calculated as follows:Present Value of Note = $80,000 / (1 + 0.11)3= $55,077.58The discount on the note can be calculated as follows:Discount on Note = Face Value of Note - Present Value of Note= $80,000 - $55,077.58= $24,922.42Since the note has a 3-year term, the discount on the note must be amortized over the life of the note.

Since the note was accepted on January 1, 2017, it is assumed that the end of each year is the period for the note. The interest expense for 2017 is therefore:Interest Expense = Discount on Note / n= $24,922.42 / 3= $8,307.47The discount on the note is allocated to each year using the effective interest rate method. The amortization table for the note can be calculated as follows:Year Beginning Balance Interest Expense Amortization Ending Balance1 $24,922.42 $8,307.47 $16,614.95 $8,307.472 $16,614.95 $5,515.73 $11,099.22 $5,515.733 $11,099.22 $3,699.74 $7,399.48 $3,699.74The balance for Discount on Notes Receivable on December 31, 2018, will be the unamortized balance on the beginning of the year less the amortization expense for that year.Balance on January 1, 2018: $7,399.48Amortization Expense for 2018: $3,699.74Balance on December 31, 2018: $3,699.74Balance on December 31, 2018, for Discount on Notes Receivable: $3,699.74Therefore, option c is the correct answer: $15,071.

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Pronghorn Company acquires a delivery truck at a cost of $57,000 on January 1,2022 . The truck is expected to have a salvage value of $6,000 at the end of its 10 -year useful life. Compute annual depreciation expense for the first and second years using the straight-line method,

Answers

he annual depreciation expense for the first and second years using the straight-line method for the delivery truck would be $5,100 each year.

To calculate the annual depreciation expense using the straight-line method, we need to determine the depreciable cost of the truck, which is the cost minus the salvage value. In this case, the depreciable cost is $57,000 - $6,000 = $51,000.

Next, we divide the depreciable cost by the useful life of the truck. The useful life is given as 10 years. Therefore, the annual depreciation expense would be $51,000 / 10 = $5,100 per year.

For the first and second years, the annual depreciation expense using the straight-line method would be $5,100 each year. This means that Pronghorn Company would record depreciation expenses of $5,100 in both the first and second years of the truck's useful life. The straight-line method evenly allocates the depreciable cost over the useful life, resulting in a consistent depreciation expense each year.

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Communication response time must be faster than in the past to succeed in the modern workplace. please select the best answer from the choices provided t f

Answers

Based on current workplace trends, a faster communication time is needed to succeed so this is True.

What does the modern workplace require?

The modern workplace is characterized by faster processes and the need to stay ahead of competitors.

As a result, it is required that communication response times should be faster in order to be successful.

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the present value of an expected future payment ________ as the interest rate increases.

Answers

The present value of an expected future payment "falls" as the interest rate increases.

This is based on the idea that the bond is paid at a fixed interest rate. Thus as the interest rate increases, the value of the bond decreases or falls because investors would certainly stay away from such bonds, therefore, making its value reduce or fall.

Similarly, if the interest falls, a bond with a fixed interest rate becomes more attractive to investors.

Hence, in this case, it is concluded that the interest rates determine the value of the bond.

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What is used to direct the attention of a society to specific components of the world and structures how people perceive them

Answers

Media is used to direct the attention of a society to specific components of the world and structures how people perceive them.

The media plays a significant role in shaping public perception and influencing what people focus on in the world around them. Through various forms such as television, newspapers, radio, and the internet, the media has the power to highlight certain issues, events, or narratives while downplaying or omitting others. This process is often guided by editorial decisions, agenda setting, and framing techniques.

Media outlets decide which stories to cover, the prominence given to them, and the way they are presented. This selection and presentation can influence public opinion, shape attitudes, and direct attention toward specific components of the world. By emphasizing certain topics or perspectives, the media can frame public discourse and guide societal perceptions.

It is important to critically engage with media and consider multiple sources to gain a well-rounded understanding of the world, as the media's selective focus and framing can impact how people perceive and interpret information.

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the fundamental attribution error refers to our tendency to our tendency to underestimate the impact of what and to overstimate the impact of what in explaining the behavior of others?

Answers

The fundamental attribution error refers to our tendency to underestimate the impact of situational factors and to overestimate the impact of personal characteristics in explaining the behavior of others.

The fundamental attribution error is a cognitive bias that occurs when individuals attribute the behavior of others more to their personal traits or dispositions rather than considering the influence of situational factors. It involves underestimating the impact of external circumstances, such as environmental conditions, social pressures, or constraints, on people's actions or behaviors.

At the same time, it involves overemphasizing the role of internal factors, such as personality traits, attitudes, or intentions, when explaining the behavior of others. This bias can lead to unfair judgments or attributions, as it overlooks the significance of situational influences that may contribute to someone's behavior.

The fundamental attribution error can be seen in various contexts, such as assuming someone is rude based on a single interaction without considering their potential stress or fatigue, or attributing someone's success solely to their personal abilities while disregarding the advantages they may have had.

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Which of the following is NOT a question economists use?
a.For whom?
b. How productive?
c. How to produce
d. What to produce

Answers

Answer:

A. For whom?

Explanation:

Production is all they care about

The account holder of a checking account is referred to as the _________ on a written check.
a. Payee
b. Drawee
c. Drawer
d. Authorized user

Answers

It would be A. Payee
Explanation:
“A payee is a person to whom money is paid or is to be paid, especially the person to whom a check is made payable” - Oxford

Shirley Lach and Lynwood wiseman formed Man O’ war Limited Partnership

Answers

In 1986, Shirley Lach and her then husb-and, Lynwood Wise-man, formed Man O’War Limited Partner-ship for the purpose of leasing real property and devel-oping and operating shop-ping centers.

Robert Miller be-came a general partner along with Wiseman. Lach was one of 8 limited partners. The partners’ owner-ship percentages were Miller, 1%, Wiseman, 32%, Lach, 27%, Jonathan Miller, 9%, Harry B. Miller, 12%, Harvey Morgan, 1 percent, Penny Mill-er, 3 percent, Jeffery Mullens, 1%, Jennifer Miller, 9%, and Sophie Wiseman, 5%. Wiseman, Lach, and Robert Miller also form-ed M.O.W. Place, Ltd., to lease a shop-ping center from the joint venture. In 1988, Wise-man and Lach were divorced, but cont-inued in business together.

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According to this image :
1- What is the age range of the generation with the highest amount of household debt?

2-Which is the only generation to decrease its average debt from 2019 to 2020?


3-Compare the rate at which Gen Z’s debt increased from 2019 to 2020 compared to other generations.
With an increase of 67.2%, Gen Z’s debt increased at a much higher rate than other generations.


4-Calculate how long it would take for Gen Z’s average debt ($16,000) to reach Gen X’s level of average debt ($140,000) if it continued to increase at its current rate (67.2% per year).

5-Develop a logical argument why Gen Z’s debt is rising at such a high rate when the Silent Generation’s debt is decreasing.

I have to turn this worksheet today, So please ANYONE help me out please ASAP..

According to this image :1- What is the age range of the generation with the highest amount of household

Answers

Answer:

1. Gen X 41-56years

2. Silent Gen reduced debt by 4.6%

3.Baby boomers increased by 0.3% from 2019 to 2020, they had the least increase in debt

Gen X followed with 3.5% increase from 2019 to 2020 while Millenials had 11.5% increase in debt between 2019 and 2022. Even though Gen Z debt increased by 67.2%, they still have the lowest debt overall into two years.

4.Gen Z average debt $16,000

Gen X average debt $ 140,000

In 5years, it will meet up with Gen Xs level of debt

5. The silent Gen are the elderly, mostly retired and no longer taking new loans while Gen Z is the younger generating, newly exploring the world, teenagers and students, young school leavers and new work force taking loans at the slightest offer. The silent age are no longer active, they are most been taken care of and won't be taking loan facilities for any purpose. Student loan, technology etc is available and most suitable for the age range of Gen Z, hence the difference in the loan dimension.

When an entrepreneur takes some of his profits and replaces old machinery, he is investing in
A. Natural Resources
B. Human Capital
C. Land
D. Capital Goods

Answers

Answer:

D. Capital Goods

Explanation:

Capital goods are physical assets that a business uses to generate revenues. Usually, capital goods have a useful life beyond one year. It implies that they are not meant for sale in the current financial year.

Capital goods include machinery, plants, and equipment, and other long term tangible assets. Some capital goods require a considerable sum of funds to acquire. Costs incurred in acquiring capital goods are spread over the number of their useful life.

Answer:

ok

Explanation:

ok

A sum of $46875 was lent out at simple interest and at the end of 1 year 8 months, the total amount was $50000. Find the rate of interest per year

Answers

Answer:

4%

Explanation:

Simple interest is calculated using the formula

I = p x r x t

in this case, the interest I is the total amount-principal amount

I = $50,000- $46,875

=$3,125

$3,125 = 46,875 x r x 1 year 8 months

$3,125 =46,875 x r/100 x 1.67

3125=78,281.25 x r/100

$3125 x 100 = 78,281.25 x r

$312500= 78,281.25

r=312500/78,281.25

r=3.992

r=4%

Other Questions
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