Choose the One Alternative That Best Completes the Statement or Answers

question 21

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-Aliyah earned an $6,000 bonus from her sales job for exceeding her sales goals. After paying taxes at a 30% rate, she invested the remaining money in two stocks. One stock returned the equivalent of
10% simple interest after 1 yr, and the other returned 4% at the end of 1 yr. If her investments
Returned $240.00 (excluding commissions) how much did she invest in each stock

• A) $2,750 at 4% and $1,450 at 10%
• B) $3,000 at 4% and $1,200 at 10%
• C) $1,200 at 4% and $3,000 at 10%
• D) $1,450 at 4% and $2,750 at 10%

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Definitions:

Breach of the Contract

An occurrence when one or more parties involved in a contract fail to fulfill their legal obligations as stipulated within the contract.

Financing

The process of providing funds for business activities, making purchases, or investing.

Agreements of Purchase

Legal documents formalizing the terms and conditions under which goods, services, or property are bought and sold.

Terminated

Brought to an end or concluded, often referring to the conclusion of employment or the cessation of a contract or agreement.