A couple with three children are peacefully living in a barangay near the City proper. The husband is a government employee while the wife is a rug sewer. They always remind their children about this: "Bilhin and kailangan at huwag kailanganin ang hindi kayang bilhin". Because of this teaching, the children open a joint account to a certain cooperative to have a better investment. The total amount they earned in selling rugs, was put in their account in the cooperative to help their parents. Their total earnings amounting to P5,000.00 will earn an interest rate of 7.5% per year. Help them to compute for the simple interest earned and maturity value, if their money will be invested in 3 years? Solve the following problems.1. A couple with three children are peacefully living in a barangay near the Cityproper. The husband is a government employee while the wife is a rug sewer. Theyalways remind their children about this: "Bilhin and kailangan at huwag kailanganinang hindi kayang bilhin". Because of this teaching, the children open a joint accountto a certain cooperative to have a better investment. The total amount they earnedin selling rugs, was put in their account in the cooperative to help their parents.Their total earnings amounting to P5,000.00 will earn an interest rate of 7.5% peryear. Help them to compute for the simple interest earned and maturity value, if theirmoney will be invested in 3 years.

Interest can be defined as an amount of money a lender receives for lending money. There ar two…

Answered: ompute for the simple interest earned…

Business

Finance

ompute for the simple interest earned and maturity value, if their money will be invested in 3 years?

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter5: Introduction To Business Expenses

Section: Chapter Questions

Problem 41P

See similar textbooks

Similar questions

While studying, Miriam worked as student-assistant in their department. She graduated with honor and directly hired by the school. Two years after she lent to Juana and developed their rice farm in the province. The capital she used for improving the rice production is ______. a. private b. social c. debt d. equity e. all of the above
Read the case and analyze. Identify which part of the case refers to the 5C’s of credit. Mr. Cruz is a scholar in one of the charitable organizations in the town. He is in 2nd year college and took up Bachelor of Science in Management. Even though he is receiving P10,000.00 per semester, Mr. Cruz realize that the money from his scholarship is not enough to provide his needs that is why he work as a part time worker in a computer shop as an encoder and earns P4,000.00 a month. During pandemic, Mr. Cruz was not able to earn from his sideline and was informed that his scholarship allowance will be delayed for one month. Mr. Cruz is really dedicated in enrolling; what do you think should Mr. Cruz do?
Based on the findings, give recommendations to Child Care so that the firm could be financially independent and contribute to the society.
Community Assist for Refugees (CAR) is a not-for-profit organization that assistsrefugees with various services including language and cultural training, transportation,a food bank, and translation services. Some selected transactions for CAR arepresented below.a.CAR received a $20,000 cheque from a local radio station. The letter that came withthe donation says that it can be used by CAR on whatever needs are most urgent.b.CAR received a $25,000 donation from the Literacy Fund for a new homeworkambiance piglet the project serpested o star /in a ew moning,.(C.CAR received a $55,000 endowment contribution from Dr. Koe for a scholarshipd. CAR received a donation of 50 student desks for its homework assistance projectfrom City Office Supplies Ltd. The student desks are valued at $40,000 and areexpected to last 10 years. e. The city donated a tract of land,valued at $50,000 to CAR which plans to raise funds to constract a new center on the land. f.Assume that the homework as istance…
Which of the following is a fringe benefit excluded from income? a.Quickchat Inc. gives each employee a $10 gift card to the local coffee shop on National Coffee Day. b.A mechanic at Denise's employer, a car rental company, provides $1,000 of repair services to Denise's personal car for free. c.Hedaya, a doctoral student at Ivy University, receives a full tuition waiver while serving as research assistant. d.Alfa-Bet, a high-tech corporation, pays for each employee's membership at the 24 Hour Biceps Gym closest to each Alfa-Bet office.
Review the following scenario: Scenario: Hart Nance and Jason Symington operate gift boutiques in shopping malls. The partners split profits and losses equally, and each takes an annual drawing of $80,000. To even out the workload, Nance travels around the country inspecting their properties. Symington manages the business and serves as the accountant. From time to time, they use small amounts of store merchandise for personal use. In preparing for his daughter's wedding, Symington took inventory that cost $10,000. He recorded the transactions as follows: Debit Credit Cost of Goods Sold $10,000 Inventory $10,000 Respond to the following questions and, if appropriate, include personal experience as part of your answers. How do you feel Symington should have recorded these transactions? Why? What are the ethical implications of Symington's actions?
You have been invited by a church in your neighborhood to do presentation as part of their financial literacy programme on the microfinance services in the Ghanaian financial sector.Discuss the four (4) main microfinance services available to clients in Ghana.
Case Study 1: A Not for profit Organization (NPO) wants to create a sample of financially backward girl students who are unable to continue their higher education, from the AL Dakhliya governorate. The organization wishes to sponsor the students' higher education expenses. For this purpose in the first stage, the NGO randomly selects some wilayats from the 8 wilayats in the Al Dakhliya governorate to form a sample and then selects all girl students from the selected wilayats to extend help to them by providing sponsorship for their higher education. Based on the above case answer the following THREE questions: What is the method of sampling used here? Stratified sampling Oa. b. Cluster Sampling C. Convenience Sampling O d. Systematic sampling
Assume you wrote up a proposal requesting $5000 for charity. The money would be used to buy food that volunteers (employees from the company) would distribute to the homeless on Saturday. The proposal is approved and you receive the money. However, the CEO comes to you and asks, "What will be the return on the investment?" How would you reply?
Anna and Andrew open a joint account to a certain cooperative to have a better investment. The total amount they earned in selling rugs was put in their accounts in the cooperative to help their parents. Their total earnings amounting to 5,000.00 will earn an interest rate of 7.5% per year. Help them to compute for the simple interest earned and maturity value, if their money will be invested in 3 years.
Anna and Bob are the only residents of a small town. The town currently funds its fire department solely from the individual contributions of these two residents. Each of the two residents has a utility function over private goods x and total number of firemen M, of the form: u(x, M) = 2 ln x + In M. The total provision of firemen hired, M, is the sum of the number hired by each of the two persons: M = M4 + M². Ann and Bob both have income of 200 each, and the price of both the private good and a fireman is 1. They are limited to providing between 0 and 200 firemen. For the purposes of this problem, you can treat the number of firemen as a continuous variable (it could be man-years).
I'm not understanding this. Can someone please help and explain? THANK YOU! An inter vivos trust was created by Isaac Posney. Isaac owned a large department store in Juggins, Utah. Adjacent to the store, Isaac also owned a tract of land that was used as an extra parking lot when the store was having a sale or during the Christmas season. Isaac expected the land to appreciate in value and eventually be sold for an office complex or additional stores. Isaac placed the land into a charitable lead trust, which would hold the land for ten years until Isaac's son would turn 21. At that time, title would be transferred to the son. The store will pay rent to use the land during the interim. The income generated each year from this usage will be given to a local church. The land was currently valued at $416,000. During the first year of this arrangement, the trustee recorded the following cash transactions: Cash inflow: Rental income $78,000 Cash outflows:…