Answer:
The final value is $106,607.35.
Explanation:
Giving the following information:
n= 10 years
i= 16%
Annual deposit= $5,000
To calculate the final value we need to use the following version of the final value formula:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
FV= {5,000*{(1.16^10)-1]}/0.16= $106,607.35
The process to identify potential events that may affect the entity, and manage risk to be within its risk appetite, to provide reasonable assurance regarding the achievement of entity objectives is called risk assessment.
An entity refers to someone or enterprise owning separate and wonderful prison rights, inclusive of an individual, partnership, or organization. An entity can, amongst different things, personal assets, engage in enterprise, enter into contracts, pay taxes, sue, and be sued.
The entity name is the call used by an enterprise to enter into contracts and make other criminal or administrative commitments. alternatively, the business name is the name your commercial enterprise operates under and shares with its clients, customers, and employees.
That which has a wonderful life as an individual unit. often used for businesses that have no physical shape. An existent something that has the houses of being actual, and having an actual lifestyle.
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Answer:
Trout Lumber Yard
a. The receivables turnover = Net Credit Sales/Average Receivables
= $8,105,305/$447,516
= 18 times per year
b. The Days' Sales in Receivables = Average Receivables/Credit Sales * 365
= $447,516/$8,105,305 * 365
= 20.15 days
c. On the average, it took 20.15 days (365/18.11) for credit customers to pay off their accounts during the past year.
Explanation:
a) Data and Calculations:
Accounts receivable balance = $447,516
Credit sales for the year just ended = $8,105,305
The receivables turnover = Net Credit Sales/Average Receivables
= $8,105,305/$447,516
= 18.11 times
The Days' Sales in Receivables = Average Receivables/Credit Sales * 365
= $447,516/$8,105,305 * 365
= 20.15 days
Answer:
1. the prices of existing bonds would rise
Explanation:
General Interest rates and price of a bond are inversely related. The market interest rate also reflects an investors expected rate of return also referred to as yield to maturity i.e YTM.
Mathematically, price of a bond is the present value of it's future stream of coupon payments as well as principal repayments discounted at investors expected rate of return i.e YTM.
So, when market interest rates fall in general, this would lead to a rise in the price of bonds as general interest rates represent yield to maturity.
