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nikdorinn [45]
2 years ago
11

carl wants to invest in an account that earns 8% interest, compounded annually. he opens the account with an initial deposit of

$100, and deposits an additional $100 into the account each year thereafter. assuming no withdrawals or other deposits are made and that the interest rate is fixed, the balance of the account (rounded to the nearest dollar) after the fifth deposit is .
Business
1 answer:
Ainat [17]2 years ago
3 0

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

Find out more about future of an annuity due on:brainly.com/question/5303391

#SPJ1

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Bingo Corp. signed a promissory note of $1,000 for one of its vendors in exchange for supplies. $100 cash payment is due upon si
otez555 [7]

Answer:

The answer is: C) Debit supplies $1,000; credit cash $100 and credit notes payable $900

Explanation:

When assets increase, they are debited - so Supplies account should be debited.

  • Dr Supplies 1,000

When assets decrease, they are credited - so Cash account should be credited.

  • Cr Cash 100  

When liabilities increase, they are credited - so Notes Payable should be credited.

  • Cr Notes Payable 900
3 0
4 years ago
Beta Corp., a gaming software company, had recently launched a new game. The target audience identified by the company was the a
SashulF [63]

Answer:

Emergent strategy

Explanation:

Emergent strategy -

It is the process to determine the unexpected outcome due to the execution of the corporate strategy and then integrating the unpredictable outcomes into the future corporate plans , is knows as the Emergent strategy .

As , with the help of social media platform , it is used to magnify the marketing plan .

Hence , the same same case is given in the question , therefore the correct term for the given information is Emergent strategy .

5 0
3 years ago
If demand for product "A" were forecast at 1,000,000 units for the coming year and your factory has one machine capable of produ
hichkok12 [17]

Answer:

4

Explanation:

Data provided in the question

Annual demand of product A = 1,000,000 units

Per week production for one machine = 4,500 units

So for annual the production for one week is

= 4,500 weeks × 52 weeks

= 234,000 units

Now the gap left is

= 1,000,000 units - 234,000 units

= 766,000 units

So, the similar machines would be

= 766,000 units ÷ 234,000 units

= 3.27

= 4 round off

8 0
3 years ago
According to the network model proposed by collins and quillian, common characteristics that different breeds of dogs share (e.g
Nataly_w [17]
The answer is non-redundancy. In addition, redundancy is a system design in which a constituent is replicated so if it fails there will be a holdup. The redundancy has a negative implication when the repetition is pointless or is simply the outcome of poor preparation.
7 0
3 years ago
A photocopier cost $105,000 when new and has accumulated depreciation of $96,000. if the business discards this plant asset, the
Ahat [919]

A photocopier cost $105,000 when new and has accumulated depreciation of $96,000. if the business discards this plant asset, the result is a loss of 9,000.

During the asset's anticipated useful life, depreciation is allocated in order to charge a fair percentage of the depreciable amount in each accounting period. Amortization of assets with predetermined useful lives is included in depreciation. Depreciation enables businesses to recoup the cost of an item at the time of acquisition. Instead of collecting the full cost of an asset right away, the technique enables businesses to do so during the asset's lifecycle. This enables businesses to replace current assets with the necessary quantity of revenue in the future.

Subtract the asset's cost from its salvage value (what you anticipate it to be worth at the end of its useful life) to determine depreciation using the straight-line technique. The outcome is the amount or depreciable basis.

Depreciation = asset's cost - salvage value

Depreciation = $105,000 - $96,000

Depreciation = $9,000

To know more about Depreciation refer to:  brainly.com/question/15085226

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4 0
1 year ago
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