If Rita receives $38.84 interest for a deposit earning 4% simple interest for 150 days, what is

Fantastic news! We've Found the answer you've been seeking!

Question:

If Rita receives $38.84 interest for a deposit earning 4% simple interest for 150 days, what is the amount of her deposit?

Related Book For answer-question

Intermediate Accounting IFRS

ISBN: 9781119607519

4th Edition

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

See More Books

Posted Date: May 19, 2023 03:21 AM

See More Questions

The first payroll in October covered the two workweeks that ended on September 26 and October 3. This payroll transaction has been entered for you in the payroll register, the employees' earnings...
Start of Payroll Project 7-3a October 9, 20-- No. 1 The first payroll in October covered the two workweeks that ended on September 26 and October 3. This payroll transaction has been entered for you...
The simple interest rate on a $5000 loan is 7%. The loan is to be repaid by four equal payments on dates 100, 150, 200, and 250 days from the date on which the loan was advanced. What is the amount...
In the proposal, the contractor estimated that 50 units of a specialty part are required. Each unit costs $300. There is a minimum buy requirement of 100 units. You contact the vendor and confirm the...
Effect of EOG ordering on supplier costs (continuation of Problem 20-29). IMBest Computers supplies computers to Computers 4 U. Terry Moore, the president of IMBest, is pleased to hear that Computers...
Iguana, Incorporated, manufactures bamboo picture frames that sell for $25 each. Each frame requires 4 linear feet of bamboo, which costs $2.00 per foot. Each frame takes approximately 30 minutes to...
What can Johnny Tan do to revitalise his demoralised salesforce?
Refer to Problem 6-61. Develop a net material requirements plan assuming that there are currently 150 units of Part A, 40 units of Part B, 50 units of Subassembly C, and 100 units of Part F currently...
CU Corporation has a fixed-for-fixed currency swap signed at an exchange rate of JPY/USD 111 with a "notional" principal of USD 100 million. The term of this contract is to swap the JPY payments into...
Given the increasing importance of sustainability and ethical consumption, how can companies authentically integrate these values into their marketing messaging and practices?
An automobile manufacturer can produce up to 600 cars per day. The profit FLEVATE made from the sale of these vehicles can be modeled by the function P(x) = -10x2 + 1900x - 34,000, where P(x) is the...
The sign below is often seen on steep descents (Figure 1). It requires the driver to use the engine to retard the descent. Let's see why. A truck with a mass of 39 tonnes is travelling at the top of...
Propose ONE option combination strategy that involves more than one option contract for the A$ commercial paper for the currency risk faced by this exposure. ADM's management has expressed a desire...
You have a bond that pays a $3 coupon in 1 year and a $3 coupon in two years and a $3 coupon in three years. It matures in three years with principal repayment of $100 (paid at the same time as the...
You are thinking about opening a restaurant in you. neighborhood but before you do so, you decide to do a little research to figure out what your potential market looks like You randomly select 10...
File: The file Corruption.xls contains country-level data on two variables. One of these is a measure of perceptions of political corruption. (This data is assembled by the organization...
Solve: dx (x+2)x+4x+3
a) Show that (a, b) := {{a}, {b}} does not satisfy the ordered pair axiom. b) Determine whether each of the following statements is true or false. (Give a reason in each case): (i) {a, b} C (a, b)....
Side Kicks has year-end account balances of Sales Revenue 808,900, Interest Revenue 13,500, Cost of Goods Sold 556,200, Operating Expenses 189,000, Income Tax Expense 35,100, and Dividends 18,900....
On December 31, 2021, Burke Corporation signed a 5-year, non-cancelable lease for a machine. The terms of the lease called for Burke to make annual payments of $8,668 at the beginning of each year,...
Complete the following statements by filling in the blanks. a. In a period in which a taxable temporary difference reverses, the reversal will cause taxable income to be _______ (less than, greater...
You have just been telephoned by the chief accountant of a listed company client, Randerston plc, to tell you that there has been a computer breakdown and that some parts of the data concerning...
You have been asked by your audit partner to be senior in charge of the audit of a small public limited company. Unbeknown to the partner, you hold 1000 of the 100 000 shares in the company. Do you...
In Table 3.3 we suggested pressures against independence in respect of small audit firms and small auditees. To what extent do you believe that the IFAC Code and FRC Ethical Standard have been...

If Rita receives $38.84 interest for a deposit earning 4% simple interest for 150 days, what is

Question:

Expert Answer:

To calculate the amount of Ritas deposit we can use the simple interest formula Interest Pr... View the full answer

Intermediate Accounting IFRS

Students also viewed these finance questions