This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A restaurant had 356.87 cash on hand in the morning. Total cash receipts were 873.45 from lunch and ... (Read 103 times)

lunatika

  • Hero Member
  • *****
  • Posts: 548
on: Jun 24, 2018
A restaurant had 356.87 cash on hand in the morning. Total cash receipts were 873.45 from lunch and 1,462.58 from dinner. The restaurant gave 2,200 cash to a security service at closing time. What was the amount of cash on hand?

Question 2

A bank made a 12,00 . short-term loan to a new book store and earned 187.40 interest in only 60 days. Compute the exact simple interest rate (365-day year) that the bank charged. (To nearest 1/10 of a percent.)


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fdliggud

  • Sr. Member
  • ****
  • Posts: 366
Reply #1 on: Jun 24, 2018
Answer to Question 1

356.87 + 873.45 + 1,462.58 = 2,692.90; 2,692.90 - 2,200.00 = 492.90

Answer to Question 2

R = I  (PT) = 187.40  (12,00 .  60/365) = 0.095 = 9.5


lunatika

  • Member
  • Posts: 548
Reply 2 on: Jun 24, 2018
Wow, this really help

Animal_Goddess

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

In 1835 it was discovered that a disease of silkworms known as muscardine could be transferred from one silkworm to another, and was caused by a fungus.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Hand Washing Using an Alcohol-Based Rub Hand Washing Using an Alcohol-Based Rub
The Movius line separates regions of the world where Acheulean hand axes were made from regions wher The Movius line separates regions of the world where Acheulean hand axes were made from regions wher
Different hand positions and working surfaces for massage applications on large muscles. A. Flat ... Different hand positions and working surfaces for massage applications on large muscles. A. Flat ...
Apply light effleurage around abdomen in a large circle with the palm of a flat hand. Apply light effleurage around abdomen in a large circle with the palm of a flat hand.
Increase in total spending in presidential campaigns, 1976-2020 Increase in total spending in presidential campaigns, 1976-2020
Video: Structures that affect circulation - venous return

For a complete list of videos, visit our video library