The ending accounts receivable balance that would be reported on the pro forma balance sheet prepared as of June 30 is $253,300.
To find the ending accounts receivable balance that would be reported on the pro forma balance sheet prepared as of June 30 for Bright Minds Toy Company, we need to follow these steps:
1. Calculate the sales on account for each month that remain uncollected at the end of June.
2. Add up the uncollected sales on account to find the ending accounts receivable balance.
Step 1 : Calculate the sales on account that remain uncollected at the end of June.
> For April sales on account : 10% of $385,000 = $38,500
> For May sales on account : 20% of $444,000 = $88,800
> For June sales on account : 30% of $420,000 = $126,000
Step 2 : Add up the uncollected sales on account to find the ending accounts receivable balance.
> $38,500 (April) + $88,800 (May) + $126,000 (June) = $253,300
Therefore, the ending accounts receivable balance that would be reported on the pro forma balance sheet prepared as of June 30 is $253,300.
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A letter of intent summarizes progress made during business negotiations, but moreimportantly, it creates a binding contract.a. True b. False
b. False. A letter of intent (LOI) typically serves as a preliminary agreement or expression of intent between parties involved in business negotiations.
A letter of intent (LOI) typically serves as a preliminary agreement or expression of intent between parties involved in business negotiations. While it outlines the key terms and conditions of a potential agreement, a letter of intent is generally considered non-binding. Its purpose is to establish a framework for further discussions and negotiations, outlining the intentions and understanding of the parties involved. However, a letter of intent itself does not create a legally enforceable contract. The final agreement is typically formalized in a separate contract or agreement that is mutually agreed upon and legally binding. Therefore, it is important for parties to carefully review and finalize the terms in a formal contract to ensure the creation of a binding agreement.
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earlier purchasers tend to be innovators, who like to take risks. true false
Answer:
true
Explanation:
Risks are compulsory for human but most people tend to run away from it.for you to be successful in anything you do you have to take risk
What is the main difference between a market and a command economy?
Answer:
Market economies utilize private ownership as the means of production and voluntary exchanges/contracts. In a command economy, governments own the factors of production such as land, capital, and resources. Most nations operate largely as a command or market economy but all include aspects of the other.
what are the services that are rendered to the wholesalers by the retailers?
Inventory shrinkage can be determined by comparing the?
Inventory shrinkage can be determined by comparing the information from perpetual inventory system to the physical count. Beginning Inventory plus purchases minus cost of goods sold to the actual inventory balance from a physical count.
A perpetual inventory system, as opposed to a physical inventory, is a program that continuously assesses your inventory based on your electronic records. This approach starts with a physical count as a baseline and updates based on receipt of purchases and shipment of goods.
Perpetual inventory, also known as continuous inventory, in business and accounting/accountancy refers to systems of inventory where data on inventory quantity and availability is updated continuously as a function of conducting business.
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Michael works as a financial advisor in a doctors office. The two organizations that Michael most likely belongs to are the..
A. AFP and AMA
B. AFP and ACS
C. AMA and AIA
D. AIA and ACS
Michael works as a financial advisor in a health practitioner's office. the 2 agencies that Michael maximum possibly belongs to are the: A. AFP and AMA
A monetary adviser or financial advisor is a professional who offers economic services to clients based totally on their monetary state of affairs. In many nations, financial advisors should whole precise education and are registered with a regulatory body in an effort to provide advice.
A financial advisor is a professional who's paid to offer financial recommendations to customers. simply as you would hire an architect to create a plan for your house, you hire a financial marketing consultant to create a plan for your budget. it is all about paying a person for the know-how you need to reach unique goals.
A monetary guide will now not simplest set you up financially. they could help make choices on the most important existence adjustments like how tons maternity go away can you have the funds to take while having a child. They also can help maintain you on target financially while lifestyles throw you curve balls which include redundancy.
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5. Understanding the IRR and NPVThe net present value (NPV) and internal rate of return (IRR) methods of investment analysis are interrelated and are sometimes used together to make capital budgeting decisions. Consider the case of Cold Goose Metal Works Inc. :Last Tuesday, Cold Goose Metal Works Inc. Lost a portion of its planning and financial data when both its main and its backup servers crashed. The company’s CFO remembers that the internal rate of return (IRR) of Project Lambda is 11. 3%, but he can’t recall how much Cold Goose originally invested in the project nor the project’s net present value (NPV). However, he found a note that detailed the annual net cash flows expected to be generated by Project Lambda. They are:YearCash FlowYear 1 $2,400,000Year 2 $4,500,000Year 3 $4,500,000Year 4 $4,500,000The CFO has asked you to compute Project Lambda’s initial investment using the information currently available to you. He has offered the following suggestions and observations:• A project’s IRR represents the return the project would generate when its NPV is zero or the discounted value of its cash inflows equals the discounted value of its cash outflows—when the cash flows are discounted using the project’s IRR. • The level of risk exhibited by Project Lambda is the same as that exhibited by the company’s average project, which means that Project Lambda’s net cash flows can be discounted using Cold Goose’s 7% WACC. Given the data and hints, Project Lambda’s initial investment is __________ , and its NPV is ____________ (rounded to the nearest whole dollar). A project’s IRR will ______ if the project’s cash inflows increase, and everything else is unaffected
The initial investment of Project Lambda was $9,325,350.56.
The NPV of Project Lambda is $1,514,304.22,
How to solve for initial investmentPV = A / (r * (1 + r)^n - 1)
where PV is the present value, A is the annual cash flow, r is the discount rate (which is the project's IRR), and n is the number of years.
Using the given annual cash flows and the project's IRR of 11.3%, we can calculate the present value of the annuity as follows:
PV = $2,400,000 / (0.113 * (1 + 0.113)^1 - 1) + $4,500,000 / (0.113 * (1 + 0.113)^2 - 1) + $4,500,000 / (0.113 * (1 + 0.113)^3 - 1) + $4,500,000 / (0.113 * (1 + 0.113)^4 - 1)
PV = $9,325,350.56
Therefore, the initial investment of Project Lambda was $9,325,350.56.
To calculate the NPV of the project, we can use the formula:
NPV = PV of cash inflows - Initial investment
Using the present value of the annuity calculated above as the PV of cash inflows, we can calculate the NPV as follows:
NPV = $2,400,000 / (1 + 0.07)^1 + $4,500,000 / (1 + 0.07)^2 + $4,500,000 / (1 + 0.07)^3 + $4,500,000 / (1 + 0.07)^4 - $9,325,350.56
NPV = $1,514,304.22
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Which of the following is an accurate statement about proposals? A) Proposals tend to be more objective than reports. B) Proposals can be given as oral presentations. C) Solicited proposals are submitted without an official invitation to do so. D) Proposals should use a content marketing approach E) Unsolicited proposals avoid the techniques common to sales messages.
The accurate statement about proposals is option B: Proposals can be given as oral presentations.
A proposal is a document that presents a solution to a problem or a plan for meeting a need or an opportunity. Proposals are typically written in response to a request for proposal (RFP) or as an unsolicited proposal. The purpose of a proposal is to persuade the recipient to take a particular course of action or to accept a proposal.
The reasoning for wrong statements:
Option A, "Proposals tend to be more objective than reports," is not accurate because both proposals and reports can be objective or subjective, depending on the writer's approach and tone. Both types of documents can use data, evidence, and research to support their claims and recommendations.
Option C, "Solicited proposals are submitted without an official invitation to do so," is not accurate because solicited proposals are submitted in response to an RFP, which is an official invitation to submit a proposal.
Option D, "Proposals should use a content marketing approach," is not accurate because proposals are not marketing documents. Proposals are persuasive documents that present a solution to a problem or a plan for meeting a need, and they should use a professional, factual, and persuasive tone.
Option E, "Unsolicited proposals avoid the techniques common to sales messages," is not accurate because unsolicited proposals may use sales techniques to persuade the recipient to accept the proposal. However, unsolicited proposals should avoid using pushy or aggressive sales tactics and focus on presenting a solution that meets the recipient's needs.
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products created for household or family use and intended for daily living are called:
Products created for household or family use and intended for daily living are commonly referred to as "consumer goods."
Consumer goods are tangible items that are purchased and used by individuals or households for personal use or consumption. They are typically designed to satisfy the needs and wants of consumers in their day-to-day lives. Examples of consumer goods include food and beverages, clothing, furniture, appliances, personal care products, and various household items. Consumer goods can be further categorized into different types, such as durable goods (e.g., appliances, electronics) that are expected to last for an extended period, nondurable goods (e.g., food, toiletries) that are consumed relatively quickly, and services (e.g., haircuts, home cleaning) that provide intangible benefits. Consumer goods play a significant role in the economy, as they contribute to personal consumption expenditures and drive demand in various industries.
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Critically analyse the evolving idea of Corporate Social
Responsibility."
Corporate Social Responsibility (CSR) is the idea that a corporation's responsibility goes beyond earning a profit. The concept of CSR has evolved significantly over time.
Initially, CSR was only focused on philanthropic activities, but now it has grown to encompass a broader range of practices and responsibilities.In recent years, CSR has been a growing concern for organizations as they recognize the importance of sustainability and social responsibility. More than 100 companies worldwide have joined together to create the United Nations Global Compact, which promotes corporate sustainability and responsible business practices.
The evolving idea of CSR is that corporations need to integrate social, environmental, and economic factors into their decision-making processes. Companies need to balance their profit-seeking activities with a responsibility to society and the environment. This means that organizations need to consider the impact of their activities on stakeholders, including employees, customers, suppliers, communities, and the environment. CSR can help businesses create a more positive reputation, build customer loyalty, and attract employees.
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A farmer has 300 hectares of land available for growing wheat and corn. The average cost of growing wheat is $90 per hectare, and each hectare requires 25 hours of labour. The average cost of growing corn is $60 per hectare, and each hectare requires 10 hours of labour. The farmer has a maximum of $21,300 available to spend growing the crops and a maximum of 5350 hours of labour available. The farmer expects to make a profit of $200 per hectare of wheat and $140 per hectare of corn. Determine the number of hectares of each crop that the farmer should plant to maximize the profit. What is the maximum profit?
The farmer should plant 180 hectares of wheat and 120 hectares of corn to maximize his profit, and the maximum profit is $52,800.
We can solve this problem using Linear Programming. In Linear Programming, we try to maximize or minimize a linear function subject to constraints. Let us assume that x1 hectares of wheat is grown, and x2 hectares of corn is grown. To maximize the profit, we need to maximize the expression: $200x_1 + $140x_2.
Subject to the following constraints:
x1 + x2 ≤ 300 (Land Constraint) - Equation 1
90x1 + 60x2 ≤ 21300 (Cost Constraint) - Equation 2
25x1 + 10x2 ≤ 5350 (Labour Constraint) - Equation 3
x1 ≥ 0 (Wheat is grown in hectares) - Equation 4
x2 ≥ 0 (Corn is grown in hectares) - Equation 5
Using the Simplex Method, we can solve the above linear equations. Below is the optimal solution for the above equations: x1 = 180 hectares of wheat, x2 = 120 hectares of corn.
The maximum profit is obtained by substituting the above values of x1 and x2 in the expression for profit. The maximum profit is calculated as follows: $200 x 180 + $140 x 120 = $36,000 + $16,800 = $52,800.
Hence, the farmer should plant 180 hectares of wheat and 120 hectares of corn to maximize his profit, and the maximum profit is $52,800.
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If the target rate of interest is higher than the equilibrium interest rate, the Federal Reserve will _____ Treasury bills in the open market, _____ the supply of money, and _____ the interest rate to the target rate
sell; decrease; increase if the target rate of interest is higher than the equilibrium interest rate, the Federal Reserve will sell Treasury bills in the open market.
By selling Treasury bills, the Fed decreases the supply of money in the economy. When the money supply decreases, it becomes scarcer, leading to an increase in the interest rate. This adjustment in the interest rate aims to align it with the target rate set by the Federal Reserve.
In summary, when the target rate is higher than the equilibrium rate, the Fed sells Treasury bills to reduce the money supply. This reduction in the money supply increases the interest rate, bringing it closer to the desired target rate.
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How should you dress for a phone interview? (Site 1)
online content
Answer:
You should at least have a nice top on because only the camera will see that. If you are a girl you could just wear a dress, probably a black one because that is what I wore to my interview yesterday because there is no pattern or anything it's just a plain black one, but that was in person. if you're a guy you need to wear a suit and tie,but you could probably just wear shorts because they won't see the bottom half of you
Explanation:
I hope this helps out a little bit :-)
An interview is a formal process by which an employee is assessed for his/her performance by the employer.
For a phone interview, one should be dressed properly as the interviewer can see you through the camera.
For a girl, you should be dressed nicely and no revealing or extra shiny clothes should be wore.
In the case of a man, one should be properly dressed in suits or formal shirts.
Try to wear dark black or blue coloured clothes and sit in a properly lighted area.
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Consider a company that markets and repairs small computers. To study the relationship between the length of a service call and the number of electronic components in the computer that must be repaired or replaced, a sample of 14 records on service calls was taken. The data consists of the length of service calls in minutes (the response variable) and the number of components repaired (the predictor variable). A simple linear regression analysis was conducted between the two variables. The regression output of this analysis is printed out below. Using the regression output above, conduct a test at α=0.05 to check if the linear relationship is significant or not.
Linear relationship between length of service call and number of components repaired Regression output: The output below is a regression output for a simple linear regression analysis that was conducted between the length of service calls and the number of components repaired
For a significance level of \(α = 0.05\), the null and alternative hypotheses for testing whether the linear relationship is significant or not are:\(H0: β1 = 0\) (The slope of the population regression line is zero.)\(H1: β1 ≠ 0\) (The slope of the population regression line is not zero.)
The p-value for the slope coefficient is 0.0047. This is less than the significance level of 0.05. Hence, we can reject the null hypothesis. That is, there is sufficient evidence to suggest that the slope of the population regression line is not zero.
we can conclude that there is a significant linear relationship between the length of service calls and the number of components repaired or replaced by the company that markets and repairs small computers in question.
the length of service calls varies depending on the number of electronic components that are repaired or replaced.
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What does the prefix re mean in the word reunited?
a.
both
c.
always
b.
again
d.
none of the above
Answer:
b. Again
Explanation:
Answer:
b.
again
Explanation:
Both reunion and reunite come from the Latin root unus, or "one," and the "again" prefix re-, so reunite means "make as one again."
Equiano tells his own story. he writes an eye-witness account of his experiences on board a slave ship from first-person point of view. question 1 options: true false
The statement that Equiano tells his own story from first-person point of view is TRUE.
What did Equiano do?Equiano was a man who was kidnapped as a boy and taken into slavery where he was able to purchase his own freedom.
Equiano recounted his experience when he was on the ship that took him to the West Indies and because it was an eye-witness account, it was from a first-person point of view.
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what do we call the process when governments tax carbon dioxide to reduce fossil fuel energy consumption?
The term that is used to call the process when governments tax carbon dioxide to reduce fossil fuel energy consumption is carbon pricing.
What is carbon pricing?Carbon pricing can be described as the instrument that captures the external costs of greenhouse gas emissions.
It should be noted that this can covers the the costs of emissions which the public pays for, which could be the damage to crops as well as the health care costs from heat waves .
In conclusion this can also covers the loss of property from flooding hence carbon pricing is process involving governments tax carbon dioxide so as to bring reduction to fossil fuel energy consumption.
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whats a business name (Cant be a business already)
Answer:
imagination ink.
Explanation:
we produce imaginations, your in need of one
how important is it for top managers to pay a visit to a market or site before making a final decision?
Very important. Field tours are typically used to completely analyze any difficulties that remain so that, in the event that a certain market or site is chosen, the conditions of any agreement are clearly understood.
Top management is made up of those who control an organization's resources, authority, and ability to make decisions. They also have control over how the organization changes.
Those in top management are those who "direct and oversee an organization at its highest level." Furthermore, it says that "top management has the ability to provide authority and allocate funds throughout the business."
A top-level manager is an executive-level professional who is in charge of developing and carrying out organizational plans and policies. They serve as the middleman in negotiations between upper- and lower-level managers. These experts could assist in directing an organization's overall course.
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true or false: in general, the best way to allocate costs in a large organization is to assign all overhead expenses to a single cost pool with one cost driver.
The given statement is false because assigning all overhead expenses to a single cost pool with one cost driver can lead to inaccurate cost allocation and poor decision-making.
This method assumes that all overhead costs are driven by a single factor, which may not be the case. For example, assigning all overhead costs to a single cost pool based on direct labor hours may not accurately reflect the true cost drivers of the organization.
Activity-based costing (ABC) is a more accurate method of cost allocation for large organizations. ABC uses multiple cost pools with appropriate cost drivers that accurately reflect the activities that drive the costs. By using multiple cost pools and appropriate cost drivers, organizations can make better decisions regarding pricing, product mix, and process improvements.
ABC provides a more accurate picture of the cost structure of a large organization and allows costs to be assigned to specific activities, providing a more accurate understanding of the true cost of producing a product or service.
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Question 17 of 20
Trey's bank raises the interest rate on his line of credit without providing an
explanation. Which consumer protection law has his bank violated?
Trey's bank raises the interest rate on his line of credit without providing an
explanation. The consumer protection law that his bank violated is: "The Truth in Lending Act of 1968".
What are consumer protection laws?The Truth in Lending Act of 1968 is a federal law in the United States aiming to encourage the informed use of consumer credit by requiring disclosures about its terms and prices to standardize the method in which borrowing expenses are computed and communicated.
Consumer protection laws protect consumers from faulty products and deceptive or fraudulent company activities.
It is to be noted that in the United States, a range of federal and state laws govern consumer affairs. The Federal Food, Drug, and Cosmetic Act, the Fair Debt Collection Practices Act, the Fair Credit Reporting Act, the Truth in Lending Act, the Fair Credit Billing Act, and the Gramm-Leach-Bliley Act are a few examples.
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Answer:
Credit Card Accountability, Responsability, and Disclosure Act
Explanation:
This table can be used to organize Gigi’s credit card balances and payments over 6 months. The annual percentage rate on the credit card is 14%. Gigi’s Credit Card Payments Month Balance Payment Interest Rate Interest Charged 1 $650 $300 0.01167 $4.08 2 $354.08 $50 0.01167 3 $307.63 $50 0.01167 4 $260.64 $50 0.01167 5 $213.10 $50 0.01167 6 $165 $50 0.01167 What is the amount of interest charged for the first 6 months? $
Answer:
-16.34
Explanation:
Disclaimer: I am not sure, sorry. It might be -16.34, 16.34, or 15.75. Once again, sorry.Answer:
$16.34
Explanation:
HAVE A GOOD DAY!!!!
Charlotte, a manager for Everyday Beauty Company, has just been given a report showing sales in her region are lower than anticipated for the third quarter. Her next task is to determine the reason for the disappointing results and find a way to get sales up to their desired level. Charlotte's efforts are part of the __________ function of management.
Considering the situation described above, Charlotte's efforts are part of the Planning function of management.
This is because the Planning function of management involves various processes, including planning or making the mission and vision of the firm.
It also includes determining the systems and means by which a desired goal or results of the company or business is achieved.
Thus, in this case, as Charlotte's next task is to determine the reason for the disappointing results and find a way to get sales up to their desired level, this is an example of the Planning function of management.
Hence, in this case, it is concluded that the correct answer is "Planning."
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A company using public relations sends information to media outlets such as newspapers and ratio stations. Who decides what Information about the company the outlets will publish?
Answer:
The media outlets should be correct
Explanation:
A P E X
Consumers tend to purchase a good at a lower than at a higher price. Why (state any assumptions made)? Do consumers always behave this way? Explain your response.
According to the law of demand, the price of a good is negatively related to the quantity demanded all other things remaining equal.
Consumers do not always buy good at a lower price than at a higher price.
What is the law of demand?According to the law of demand, the higher the price, the lower the quantity demanded and the lower the price, the higher the quantity demanded. there is an inverse relationship between price and quantity demanded.
Consumers do not always buy goods at a lower price than a higher price. For example, for luxury goods, consumers would prefer to buy it at a higher price than at a lower price. This is because luxury goods are used to show wealth. If the price of a good that is considered to be used solely be wealthy people declines, some rich people would not want to purchase the goods again because it is now affordable by the masses.
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Which one of the following is an opportunity cost?
answer choices
You stay out late and your parents ground you.
You run a red light and you get a ticket.
You choose to give up math to study for history.
In a softball game, you miss the ball and strike out.
The value of giving up the next best option is the correct response. It is defined as the price of forgoing the best alternative. It symbolizes the sacrifices that people are forced to make because of a lack of resources.
What does opportunity cost look like?The night before an exam, a student goes to the movies for three hours and spends $20. Time spent studying and money used for other purposes are the opportunity costs. Wheat is planted by a farmer; Planting a different crop or making a different use of the resources (land and farm equipment) is an example of the opportunity cost.
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janice has $5,000 invested in a bank that pays 6.2% annually. how long will it take for her funds to triple?
janice has $5,000 invested in a bank that pays 6.2% annually. It would take a total of 18.26 yrs for her funds to triple.
A fund is a grouping of dollars set aside for a particular objective. A fund can be created for a variety of purposes, such as the development of a new civic centre by the municipal, the awarding of prizes at a college, or indeed the payment of customer claim by an insurance carrier. To produce returns for its investors, funds usually invest and use competent management. Individuals and their families may also employ funds for other purposes such as crisis and education preservation. Pension funds, actions that benefit, foundations, and endowments are a few samples of prominent sorts of funds.
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Low-income countries tend to have lower levels of human capital and physical capital, so an investment in capital deepening should have a larger _________ in these countries than in high-income countries, where levels of human and physical capital are already relatively high.
Low-income countries tend to have lower levels of human capital and physical capital, so an investment in capital deepening should have a larger marginal effect in these countries than in high-income countries, where levels of human and physical capital are already relatively high.
Because declining returns (especially to capital) are less pronounced than in capital-rich countries, developing countries have the ability to grow more quickly than industrialized ones. Furthermore, developing nations' institutions, technologies, and manufacturing processes can be adopted by less developed nations.The term "capital deepening" describes a rise in the amount of capital per worker, whether that be physical capital per worker or human capital per worker, such as increased education or skill levels.What causes capital deepening?
An increase in the capital-labor ratio is referred to as capital deepening. Either a rise in capital stock or a decline in the labor force might result in a higher capital-labor ratio.Learn more about capital deepening
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C. George Delivery Co.'s adjusted trial balance shows two expense accounts: Wages Expense with a debit balance of $12,000 and Advertising Expense with a debit balance of $3,000. The journal entry to close these accounts will include a debit to which account(s):____________
Answer: income summary
Explanation:
Samantha deposits $1,500 into the Park Street Bank. The account pays 1.12% annual interest, compounded daily. To the nearest cent, how much is in the account at the end of three non-leap years?
Answer:
=$1,551.255
Explanation:
The amount can be calculates using the formula
A = p x ( 1 + r) ^n
Where A = Amount
P= principal: $1500
r=1.12% or 0.0112 per year. Dairy interest rate = 0.0112/365
n = 365 days x 3 = 1095
A= 1500 x( 1 + 0.0112/365)^1095
A =$1500 x ( 1.00003068493)^1095
A =$1500 x 1.034170
A =$1,551.255