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2 years ago

6

You want to have $1 million to use for retirement in 35 years. If you can earn 1% per month, how much do you need to deposit on

a monthly basis if the first payment is made in one month

1 answer:

Phoenix [80]2 years ago

6 0

Answer:

0.35

Explanation:

that's the answer thank you and stay safe and take care!!!

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Karen doesn’t like driving to the local bank branch, but doesn’t think that it is secure to do financial transactions on her pho

timofeeve [1]

It would probably be best to choose online banking and only use her local bank when necessary.

8 0

3 years ago

Read 2 more answers

Resource similarity and ____ are factors that determine the extent to which firms will be in direct competition with each other.

trapecia [35]

<span>Resource similarity and market commonality are factors that determine the extent to which firms will be in direct competition with each other. A market commonality refers to how many markets where a firm and a competitor are involved together. This will show the importance of the different markets and how they are related and important to one another. </span>

7 0

4 years ago

Sanchez Company engaged in the following transactions during Year 1: Started the business by issuing $42,000 of common stock for

sladkih [1.3K]

Answer:

The gross margin is $24,200

Explanation:

The computation of the gross margin is shown below:

As we know that

Gross margin is

= Sales - cost of goods sold

= $57,000 - $32,800

= $24,200

We simply deduct the cost of goods sold from the sales so that the gross margin could come

hence, the gross margin is $24,200

We simply applied the above formula

5 0

3 years ago

Burns Industries currently manufactures and sells 11,000 power saws per month, although it has the capacity to produce 26,000 un

marusya05 [52]

Answer:

Selling price= $30

Explanation:

Giving the following information:

Unitary cost:

Variable= $30

Fixed= $16

Number of units= 4,100

<u>Normally, when there is unused capacity and a new customer asks for a reduced price, the fixed cost should not be taken into account when calculating the selling price. </u>The company benefits from increasing its sales, acquiring a new customer, and perhaps getting some discounts from suppliers in the variable components.

<u>The lower price that the company accepts is the one that equals the unitary variable cost. In this case:</u>

Selling price= $30

8 0

3 years ago

On May 1, 2015, Herron Corp. issued $600,000, 9%, 5-year bonds at face value. The bonds were dated May 1, 2015, and pay interest

vivado [14]

Herron Corp

A. Journal entry

Dr Cash 600,000

Cr Bonds Payable 600,000

B. Adjusting entries as at Dec 31, 2015

Dr Interest Expense 9,000

Cr Interest Payable ($600,000 x 9% x 2/12) 9,000

C. Balance sheet as at December 31, 2015

Current liabilities

Interest Payable 9,000

Long term Liabilities

Bonds Payable 600,000

D. Journal entry as at May 1, 2016

Dr Interest Expense ($600,000 x 9% x 4/12) 18,000

Dr Interest Payable 9,000

Cr Cash 27,000

(e) Journal entry Nov 1, 2016

Dr Interest Expense 27,000

Cr Cash ($600,000 x 9% x 1/12) 27,000

F. Bonds at 102 on Nov 1,2016

Dr Bonds Payable 600,000

Dr Loss on Bond Redemption 12,000

Cr Cash ($600,000 x 1.02) 612,000

4 0

4 years ago