an investment of $54000 was made by a business club. The investment was split into three...

an investment of $54000 was made by a business club. The investment was split into three parts and lasted for one year. the first part of the investment earned 8% interest, the second 6% and the third 9%. total interest for the investment was $4260. the interest was 6 times the interest was 6 times the interest from thr second. find the amounts of the three parts.

Expert Solution

Colby Messinger answered 2 years ago

An investment of $62,000 was made by a business club. The investment was split into three...

An investment of $62,000 was made by a business club. The investment was split into three parts and lasted for one year. The first part of the investment earning 8% interest, the second 6%, and the third 9%. Total interest from the investment was $4740. The interest from the first investment was three times the interest from the second. Find the amounts of the three parts of the investment. The first part is Thr second part is The third part...

An investment of $71,000 was made by a business club. The investment was split into three...

An investment of $71,000 was made by a business club. The investment was split into three parts and lasted for one year. The first part of the investment earned 8% interest, the second 6%, and the third 9%. Total interest from the investments was $5490. The interest from the first investment was 6 times the interest from the second. Find the amounts of the three parts of the investment.

The Business Club at Elk College Our VP of Marketing just learned the Business Club at...

The Business Club at Elk College Our VP of Marketing just learned the Business Club at Elk College (BCEB) is hosting the State Conference of Business Clubs on April 9 – 11, 2018 at the Central Downtown Campus in Dallas, Texas. Jack Morton director of the club has requested an Information System to register, monitor and house participants for the conference. BCEB has requested through the Director of Computer Systems Support that (You), one of our Marketing officers, investigate and...

Anne Wilson, starting her own business, made an investment of a building to the company. The...

Anne Wilson, starting her own business, made an investment of a building to the company. The building is valued at $400,000 with a $360,000 outstanding mortgage payable. The effect of this transaction on the accounting equation of the business would be to:

Business Decision Case The Reserve Club is a traditional private golf and country club that has...

Business Decision Case The Reserve Club is a traditional private golf and country club that has three different categories of memberships: golf, tennis & swimming, and social. Golf members have access to all amenities and programs in the Club, Tennis & Swimming members have access to all amenities and programs except use of the golf course, and Social members have access to only the social activities of the club, excluding golf, tennis, and swimming. All members have clubhouse privileges, including...

A claim is made where 15% of all people will join a club if handed a...

A claim is made where 15% of all people will join a club if handed a brochure about it. Of 300 people in a sample who were handed a brochure, 40 joined the club. with .05 level of significance, is there ample proof the claim is true? Explain.

Sprockets, Inc. made an investment into three different long term assets. The first was purchased for...

Sprockets, Inc. made an investment into three different long term assets. The first was purchased for 750,000 and will be depreciated at a straight line for five years. The second was an investment of $1,000,000 and will be depreciated using the 5-year MACRS method. The third cost $1,500,000 and will be depreciated utilizing 7-years MACRS. The company’s required rate of return is 10% and the tax rate is 21%. What is the depreciation schedule for the first asset? What is...

Investment Decisions What types of decisions would need to be made before the investment is made?...

Investment Decisions What types of decisions would need to be made before the investment is made? Indicate the main kinds of information/data needed to evaluate this capital investment project.

Assume you are a member of a campus business club, such as the Society for the...

Assume you are a member of a campus business club, such as the Society for the Advancement of Management (SAM), the Finance Association (FA), or the Association of Information Technology Professionals (AITP). Your organization has managed its finances well, and therefore, it is able to fund monthly activities. However, membership dues are insufficient to cover extras. Question: Identify a need such as hardware or software purchase, a special one-time event that would benefit a great number of students, or officer...

You are a member of an investment club that owns shares in a firm that manufactures...

You are a member of an investment club that owns shares in a firm that manufactures men’s clothing. Explain the arguments for an against buying 1. shares in a company that manufactures women’s clothing 2. shares in a chemical manufacturing concern

Question