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
matrenka [14]
4 years ago
7

One year ago, JK Mfg. deposited $12,000 in an investment account for the purpose of buying new equipment four years from today.

Today, it is adding another $15,000 to this account. The company plans on making a final deposit of $10,000 to the account one year from today. How much cash will be available when the company is ready to buy the equipment assuming an interest rate of 5.5 percent?
Business
1 answer:
DiKsa [7]4 years ago
5 0

Answer:

Cash available after the final deposit 41,463.52

Explanation:

Principal * (1+ r)^{time} = Ammount

12,000 * (1+ .055)^{5} = Ammount

The 12,000 capitalize for 5 years

15,638,52

15,000 * (1+ .055)^{1} = Ammount

Capialize for 1 year

15,825

10,000 this deposit doesn't capitalize is deposit to complete and purchase the equipment

15,638.52 + 15,825 + 10,000 = 41,463.52

You might be interested in
In 2021, due to a change in marketing forecasts, Barney Corporation reduced the projected life of its patent for producing round
Nikitich [7]

Answer: unaffected

Explanation:

We should note that a retrospective adjustment isn't necessarily needed when there's an alternation to a accounting estimate.

With regards to this Barney's retained earnings as of December 31, 2021, would neither be understated or overstated but would be unaffected.

8 0
3 years ago
Dividends Per Share Windborn Company has 25,000 shares of cumulative preferred 3% stock, $50 par and 50,000 shares of $15 par co
cluponka [151]

Answer:

                          Preferred Stock              Common Stock

                     (dividend per share)        (dividend per share)

Year 1                        $1.50                                    $0.75

Year 2                       $0.60                                   $0.00

Year 3                       $2.40                                    $1.05

Explanation:

For Year 1:

Total dividend distributed = $75,000

Preferred shareholders' dividend = $50 * 25,000 * 3% = $37,500

Preferred shareholders' dividend per share = $37,500 / 25,000 = $1.50

Common stockholders' dividend = Total dividend distributed - Preferred shareholders' dividend = $75,000 - $37,500 = $37,500

Common stockholders' dividend per share = $37,500 / 50,000 = $0.75

For Year 2:

Total dividend distributed = $15,000

Dividend payable to preferred shareholders = $50 * 25,000 * 3% = $37,500

Dividend paid to preferred shareholders = $15,000

Preferred shareholders' dividend per share = $15,000 / 25,000 = $0.60

Preferred shareholders' dividend carried forward = Dividend payable to preferred shareholders - Total dividend distributed = $37,500 - $15,000 = $22,500

Common stockholders' dividend = $0

Common stockholders' dividend per share = $0

For Year 3:

Total dividend distributed = $112,500

Total dividend paid to preferred shareholders = $37,500 + Preferred shareholders' dividend carried down from Year 2 = $37,500 + $22,500 = $60,000

Preferred shareholders' dividend per share = $60,000 / 25,000 = $2.40

Common stockholders' dividend = Total dividend distributed - Total dividend paid to preferred shareholders = $112,500 - $60,000 = $52,500

Common stockholders' dividend per share = $52,500 / 50,000 = $1.05

3 0
4 years ago
Listed below are the top 10 annual salaries​ (in millions of​ dollars) of TV personalities. Find the​ range, variance, and stand
Juli2301 [7.4K]

Answer:

$24.7million

$97.86million

$9.89million

Explanation:

 

From the sample , the lowest number is 16.3 and the highest number is 41, the range is

41-16.3

=$24.7 million

 

 

Σ \frac{(x-x_{mean} )^2}{n}

 

In the sample given the mean is . : (41 +40 +38+ 32+ 23+ 22+ 20+ 18+ 17.8 +16.3  )/10

mean=26.81

 

Using that, we can find the variance:

[(41-26.81)^2+(40-26.81)^2+(38-26.81)^2+(32-26.81)^2+(23-26.81)^2+(22-26.81)^2+(20-26.81)^2+(18-26.81)^2+(17.8-26.81)^2+(16.3-26.81)^2]/10=97.86million

 

The standard deviation is just the square root of the variance:

standard deviation=√(var)

 

, the standard deviation is the square root of 97.86, which equals ​$ 9.89 million

4 0
3 years ago
Two teams in a company have a conflict over which team will work on a lucrative project. Both teams want to work on the project.
Triss [41]

Answer:

<u>Compromise</u>

Explanation:

Two teams in a company have a conflict over which team will work on a lucrative project . Both teams want to work on the project. Eventually, they decide to work together on the project and share the credit for its completion . In the given scenario ,<em> compromise</em> method is used to resolve the conflict.

We know that compromise is a way by which we can settle any conflict it just depend upon the person. It helps in settling differences among the two person or group of individuals.  

While compromising we should always listen the words of both the parties and try to understand their saying. And try to come up with some ways , which can be used by both parties. It helps in making a balance between the parties.

5 0
4 years ago
One thirds of the checking accounts at the community bank earns interest. If 2,500 accounts are of this type, how many total acc
GuDViN [60]

the bank has 7500 accounts. 2500 multiplied by 3 is 7500, and 7500 divided by 3 is 2500.

8 0
3 years ago
Other questions:
  • According to a recent survey, insurance was cited as the biggest problem for small businesses. What is cited as the second most
    12·1 answer
  • 1. Marketing refers to: a) the production of products or services that will generate the highest return on investment. b) the st
    15·1 answer
  • Amy paid ​$54.6654.66 for a pair of running shoes during a 1515​%-off sale. what was the regular​ price?
    12·1 answer
  • Maureen has a net spendable income of $2,100 per month. She sets up the following transportation budget for herself.
    5·1 answer
  • 9. Each of the following is a business expense, except payment for *
    10·1 answer
  • 6-The founder and former CEO of Jones​ Soda, Peter van​ Stolk, claimed that sharing the core values of your loyal customer base
    7·1 answer
  • WellWheats, Inc. produces breakfast cereal and sells each box, or unit, for $7. The company is projecting sales of 1,000 units f
    13·1 answer
  • Definition of business by different authors​
    10·2 answers
  • When a company is using the direct write-off method, and an account is written off, the journal entry consists of a?
    6·1 answer
  • Sam owns a firm that produces tomatoes in a purely competitive market. the firm's demand curve is?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!