1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
babunello [35]
3 years ago
9

Melissa invests $37,000 today in a savings account that pays 4 percent interest compounded annually. She wants to know the total

balance in her account seven years from today. Identify the correct keystrokes to be used in a financial calculator to determine the total balance.a. N = 7, I/Y = 4, PV = -37,000b. N = 7, I/Y = 4%, PV = -37,000c. N = 7, I/Y = 4, PV = 37,000d. N = 7, I/Y = 4%, PV = 37,000
Business
1 answer:
MissTica3 years ago
7 0

Answer:

a. N = 7, I/Y = 4, PV = -37,000

Explanation:

In financial calculator % is already written in the calculator so we have to write only number in calculator.

Option b incorrect because it has included a number with % ( 4% ) sign that we dint do usually in calculator.

Option c is incorrect because it has taken pv as positive

Option d is incorrect because it has written 4% that we don't put in calculator as well as it has inserted positive pv which is also wrong.

You might be interested in
How do u win from the stocks.
dimaraw [331]
You can buy at a low price for a stock and sell it for a higher price.
4 0
3 years ago
When Zappos focused on aligning and maximizing customer service, distribution, product selection, and other key areas, they were
marissa [1.9K]

Answer:

awdadeadaewdaw

Explanation:

8 0
3 years ago
The Cash account in the ledger of Clear Windows shows a balance of $12,596 at September 30. The bank statement, however, shows a
Norma-Jean [14]

Answer:

1. $3,067

2. B) $129,127.

Explanation:

a. The computation of amount deposit in transit is shown below:

The amount of deposit in Transit =  Balance as per Cash Book as on 30th Sept - Cheque outstanding realized - Bank charges -  Balance as per Bank Book

= $12,596 + $6740 - $16 - $16,253

= $3,067

Deposit in Transit inflates the general ledger initially till it is credited in the bank book.

b. The computation of balance should Cardinal's Cash account show

Cash Account should show a balance =  Bank Statement Balance as on May 31 - Outstanding Cheque on May 31

= $180,974 - $51,847

= $129,127  

As we can see that the cash account balance is less because there is an outstanding

5 0
3 years ago
Money invested in a business by either the owner or investors is called:
yanalaym [24]
1)D, i think...
2)B, i think... not sure
3 0
3 years ago
Nike, Inc.reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): other plant a
vodka [1.7K]

Answer:

Explanation:

The total assets comprises of current assets, fixed assets ,and the intangible assets

The current assets includes cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

The preparation of the classified balance sheet for Nike, Inc on  May 31, 2022 is presented in the spreadsheet. Kindly find the attachment below:

3 0
3 years ago
Other questions:
  • Tayler Company reported the following data.
    10·1 answer
  • The given treasury bill was sold in april of this year. find (i) the price of the t-bill, and (ii) the actual interest rate paid
    13·1 answer
  • Mrs. Simpson buys loaves of bread and quarts of milk each week at prices of $1 and 80 cents, respectively. At present she is buy
    9·1 answer
  • State University sold all of its basketball tickets to its students for 15 home games on September 30 for​ $1,200,000 (basketbal
    7·1 answer
  • Y3K, Inc., has sales of $7,475, total assets of $3,525, and a debt−equity ratio of .34. Assume the return on equity is 20 percen
    13·1 answer
  • Teenage workers are assumed to have ________ labor supply, therefore a 5% increase in wage would result in ________ percentage c
    11·1 answer
  • 3. Describe three new weapons used in World War I and explain how each of these w<br>​
    15·1 answer
  • The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If Burkett Corporation is a
    5·1 answer
  • Whenever price is ______ average variable costs but is ______ average total costs, the firm can pay part, but not all, its fixed
    13·1 answer
  • Genuineness, or reality, of agreement is said to be present in a contract when there is?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!