Answer:
$11,046
Explanation:
Present value = $10,000
Interest rate = 1%
Years = 11 years annually
Future value = A(1 + i/)^n
Future value = $10,000*(1 + 0.01)^10
Future value = $10,000*(1.01)^10
Future value = $10,000*1.10462212541
Future value = $11046.2212541
Future value = $11,046
So, the future value FV of the investment after 11 years is $11,046
Answer:
The correct answer is D
Explanation:
Worth is the word which is described as the value of the business or the net worth which is assets minus liabilities.
In accordance with the Veblen, the concept or the idea of the conspicuous consumption is developed or created. It is believing that the rich person or people are very concerned in showing off their wealth in order to prove their success in from of others.
So, Veblen would likely demonstrate their worth by purchasing the expensive jewels for his wife and then showing off the jewels at the parties.
Answer:
Book value= $33,008
Explanation:
Giving the following information:
On January 1, 2016:
Purchase cost= $50,710.
Residual value= $4,700
Wasson uses the units-of-production depreciation method.
The vehicle will be driven 107,000 miles.
2016= 10,700 miles
2017= 18,700
First, we need to calculate the depreciation of 2016 and 2017, using the following formula:
Annual depreciation= [(original cost - salvage value)/useful life of miles]*miles
2016= [(50,710 - 4,700)/107,000]*10,700= $4,601
207= 0.43*18,700= $8,401
Book value= depreciable value - accumulated depreciation
Book value= 46,010 - (4,601 + 8,401)= $33,008
Answer:
D) 6.55%
Explanation:
Please see attachment . The correct answer is D) 6.55%
