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HACTEHA [7]
3 years ago
7

Felipe deposited 4000 into an account with 2.2% interest, compounded quarterly. Assuming that no withdrawals are made, how much

will he have in the account after 3years? Do not round any intermediate computations, and round your answer to the nearest cent.
Business
1 answer:
mixas84 [53]3 years ago
6 0

Answer:

Final Value= $4,272.13

Explanation:

Giving the following information:

Felipe deposited 4000 into an account with 2.2% interest, compounded quarterly.

First, we need to calculate the quarterly interest rate:

Interest rate= 0.022/4= 0.0055

Now, we can calculate the final value:

FV= PV*(1+i)^n

FV= 4,000*(1.0055^12)= $4,272.13

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Lisa changes her filing status on last years tax return, and her standard deduction went up. Which of these could have been the change she made? "Single" to "head of household". Due to Lisa becoming head of household, she is able to claim her family as a deduction.

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Primare Corporation has provided the following data concerning last month’s manufacturing operations.
musickatia [10]

Explanation:

                                       Primare Corporation

                                 Cost of Goods Manufactured

Beginning work-in-process inventory                                  $56,000

Manufacturing costs:

Direct materials:                                                  

Beginning inventory                                   $12,000

Purchases                                                    $30,000

Materials available                                      $42,000

Less:  Ending inventory                              -$18,000

Direct materials used                                                             $24,000

Less:Indirect materials included in manufacturing overhead -$5,000

Other manufacturing costs                                                  

Direct labor                                                                     $58,0000

Manufacturing overhead applied to work in process $87,000

Less:  Ending work-in-process                                                  $65,000

Cost of goods manufactured                                                    $155,000

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Beginning finished goods inventory                                        $35,000

Add: Cost of goods manufactured                                           $155,000

Finished goods available for sale                                             $190,000

Less:  Ending finished goods inventory                                   -$42,000

Unadjusted cost of goods sold                                                  $148,000

Add: Under applied overhead                                                    $4,000

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Answer:

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