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Viefleur [7K]
3 years ago
11

What is the future value if the payments are invested with the first national bank which offers semiannual compounding?

Business
1 answer:
Alex73 [517]3 years ago
6 0
The problem is missing some details. But here is the complete solution. Now consider the second alternative-5 annual payments of $2,000 each. Assume that the payments are made at the starting of each year.

N = 5
I = 10.25
---> this is computed by: [(1+i/n)^n] -1I = <span>[(1+10/2)^2] -1 = 10.25
</span>PV = O
PMT = -2,000
Using a financial calculator...
Future Value = 13, 528.90
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2 years ago
Determine the effect upon equilibrium price and quantity sold if the following changes occur in a particular market:a. Consumers
gtnhenbr [62]

Answer:

Explanation:

a. Consumer’s income increases and the good is normal. Equilibrium price stays same and quantity will rise

b. The price of a substitute good (in consumption) increases. Equilibrium price stays same and quantity sold will rise

c. The price of a substitute good (in production) increases. Equilibrium price stays same and quantity sold will rise

d. The price of a complement good (in consumption) increases. Equilibrium price rises and quantity sold will decline.

e. The price of inputs used to produce the good increases. Equilibrium price rises and quantity sold will decline.

f. Consumers expect that the price of the good will increase in the near future. Equilibrium price rises and quantity sold will also rise.

g. It is widely publicized that consumption of the good is hazardous to health. Equilibrium price declines and quantity sold will also decline.

h. Cost reducing technological change takes place in the industry. Equilibrium price declines and quantity sold will rise.

For each of the pair of events indicated below, perform qualitative analysis to predict the direction of change in either the equilibrium price or equilibrium quantity. Explain why the change is indeterminate.

a. Both a and h conditions occur simultaneously. This will raise the equilibrium since good is now cheaper to produce and consumer has more income to purchase it however effect on price will be dubious.

b. Both d and e conditions occur simultaneously. Equilibrium price rises and quantity will decline.

c. Both d and h conditions occur simultaneously. Dubious effect increase in price of complementary good and reduction in cost due to latest technology will offset each other’s effect and equilibrium will not change if the magnitude of both effects is the same

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3 0
3 years ago
Plumlee Corporation has the following account balances at December 31, 2017.
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Answer and Explanation:

Please find answer and explanation attached

6 0
2 years ago
On June 30, 2011, Weslaco Company’s total current assets were $500,000 and its total current liabilities were $275,000. On July
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Answer: the correct answer is a. working capital 225000.00 before issuing the note and 185000.00 after issuing the note. b current ratio 1.82 before the note and 1.59 after the note.

Explanation:  Working capital = Current assets - Current liabilities

500000.00 - 275000.00 = 225000.00 before issuing a short term note

the short term note is a current liability.

500000.00 - 315000.00 = 185000.00  after issuing a short term note

Using the Balance Sheet, the current ratio is calculated by dividing current assets by current liabilities: For example, if a company's current assets are $ 5,000 and its current liabilities are $ 2,000, then its current ratio is 2.5.

500000.00 / 275000.00 = 1.82 before issuing the note

500000 / (275000 plus 40000) =

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