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kompoz [17]
2 years ago
6

Suppose you have $1,325 and plan to purchase a 5-year certificate of deposit (CD) that pays 3.5% interest, compounded annually.

How much will you have when the CD matures
Business
1 answer:
aev [14]2 years ago
5 0

The amount I would have when the CD matures is  $1573.68.

<h3>What is the amount I would have when the CD matures?</h3>

When an amount is compounded annually, it means that both the amount invested and the interest already accrued increases in value once in a year.

FV = P (1 + r)^n

  • FV = Future value
  • P = Present value
  • R = interest rate
  • N = number of years

1325 ( 1.035)^5 = $1573.68

To learn more about future value, please check: brainly.com/question/18760477

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At August 31, 2022, Carla Vista Company has this bank information: cash balance per bank $10,690; outstanding checks $840; depos
Igoryamba

Answer:

$11,650

Explanation:

The adjusted cash balance per bank at August 31 2022 is calculated as;

= Cash balance per bank - Outstanding checks + Deposits in transits

Given that;

Cash balance per bank = $10,690

Outstanding checks = $840

Deposits in transits = $1,800

= $10,690 - $840 + $1,800

= $11,650

Therefore the adjusted cash balance per bank is $11,650. It means that the cash balance per bank statement has to be adjusted to accommodate outstanding checks and deposits in transit. For outstanding checks , they are checks that have not yet been found on the bank statement , while deposits in transit are those deposits, that have not yet been found or appear on the bank statement.

8 0
3 years ago
An increase in government spending initially and primarily shifts
Ira Lisetskai [31]

Answer:

The correct answer is option a.

Explanation:

The aggregate demand in an economy comprises of consumer spending, government spending, investment expenditure, and net exports.

An increase in any of these components will cause the aggregate demand to increase or decrease.

So when the government spending increases the aggregate demand will increase. This increase in the aggregate demand will cause the aggregate demand curve to shift to the right.

This rightward shift in the aggregate demand curve will cause the price level and equilibrium quantity to increase.

8 0
3 years ago
The Lorenz Curve is:______.a) A curve that shows the percentage of total household incomes received successively larger fraction
Aneli [31]

Answer:

The correct answer is A. The Lorenz Curve is a curve that shows the percentage of total household incomes received successively larger fractions of the population, starting with the poorest group.

Explanation:

The Lorenz curve represents the relationship between the cumulative percentage of the population size and the cumulative percentage of the income of the same population.  

A Lorenz curve is a graph in which income is cumulatively plotted against the population. A given point on the vertical axis represents the sum of all incomes up to a certain level. The point on the curve to the right of it corresponds to the number of people who have an income up to that level.

The curve always runs lower, which means that at any given point on the curve, the percentage of total national income is lower than the percentage of people who have an income up to that level. On such a curve we can read, for example, that 25% of the income collectors together own 8% of the total income.

6 0
3 years ago
Allen Lumber Company had earnings after taxes of $630,000 in the year 2009 with 370,000 shares outstanding on December 31, 2009.
Firdavs [7]

Answer:

$2.00

Explanation:

Since there was an increase of 30% from 2009, Allen Lumber Company's earnings after taxes for 2010 were:

E= 1.30*\$630,000\\E=\$819,000

The total number of shares in 2010 was:

n=370,000+39,000\\n=409,000

Earnings per share for 2010 are determined by dividing total earnings by the number of shares:

E_S=\frac{\$819,000}{409,000}\\E_S=\$2.00

Earnings per share for the year 2010 were $2.00.

3 0
3 years ago
Harmony Company sells hand-knit scarves. Each scarf sells for $40. The company pays $60 to rent vending space for one day. The v
Nataly_w [17]

Answer:

B) 3 scarves

Explanation:

total fixed costs per day = $60 (rent)

selling price per scarf = $40

variable cost per scarf = $15

contribution margin = selling price per unit - variable cost per unit = $40 - $15 = $25

break even formula in units = total fixed costs / contribution margin = $60 / $25 = 2.4 units, since you can only sell complete units, the break even amount is 3 scarves.

8 0
3 years ago
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