The balance of the account (rounded to the nearest dollar) after the fifth deposit is $634
What is the future value of initial deposit and 4 annual deposits thereafter?
The future value of the initial deposit of and 4 subsequent annual deposits can be determined using the future value formula of an annuity due since the initial deposit is made immediately
FV=PMT*(1+r)^N-1/r*(1+r)
PMT=annual deposit
r=interest rate=8%
N=number of annual deposits
FV=$100*(1+8%)^5-1/5%*(1+5%)
FV=$634
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Answer:
Please see explanation
Explanation:
The Net book value of the tractor after three years of the purchase is given as follow:
Net book value= Cost - Accumulated depreciation for three years
=27,000-((27,000-3,500)/5*3)
=27,00-14,100
=$12,900
1. The journal entry to be recorded in respect of sales of tractor is given below:
Debit Credit
Bank $14,400
Accumulated depreciation $14,100
((27,000-3,500)/5*3)
Tractor $27,000
Gain on sale of asset $1,500
2. If the asset was sold for $9,400 instead of $14,400, then the following journal entry shall be made:
Debit Credit
Bank $9,400
Accumulated depreciation $14,100
Loss on sale of asset $3,500
Tractor $27,000
The best answer is D) <span>Tell stories of how you worked with others to complete a project or solve problems.
Option D indirectly allows you to reveal your strengths as an employee and your focus on teamwork.
Option A brings the conversation to your firing and makes it sounds like you take no accountability for it. Option B is the opposite of what any employer wants to hear. Option C is a bad way to present yourself when the employer has not even established whether or not he/she wants to hire you. </span>
Answer:
b. Due to legal considerations related to ownership transfers and limited liability, which affect the ability to attract capital, most business (measured by dollar sales) is conducted by corporations in spite of large corporations' less favorable tax treatment.
Explanation:
Answer:
b. Call for $1,500
Explanation:
According to the scenario, computation of the given data are as follow:-
We can calculate the amount of margin call by using following formula:-
Loss of today = future contracts based total bushels × total contract × (settlement cost per bushels - future contract price per bushels)
= 5,000 cents × 6 × (390 cents - 385 cents)
= 5,000 cents × 6 × 5 cents
= 150,000 cents
And we know that
100 cents = 1 dollar
so,
150,000 cents ÷ 100 =$1,500
Initial margin $878 per future contract and maintenance margin $650 per contract, Margins of both are less than loss .So we have to pay $1,500 in initial margin.
According to the analysis, we will receive $1,500 margin call.
Therefore option (B) call for $1,500 is correct.
