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4 years ago

Please assist with the answer

Business

1 answer:

otez555 [7]4 years ago

5 0

Answer: $1203.83

Explanation: Continuous compounding is a great thing if you are earning on an investment. It says that the principal is constantly earning interest and the interest on interest is also compounding continuously. The formula for the continuous compounding is:

$A = P*e^(r*t)$

where, A = $2600

e = the mathematical constant e (2.7128)

r = 11%

n = 7 years

By inputting the above variables in the formula,

$$2600 = P * e^(0.11*7)$

$$2600 = P * e^(0.77)$

$2600 = P * 2.159766

P = $1203.834

Therefore, the amount to be invested today will be $1203.834

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Assume your home is assessed at $200,000. You have a $165,000 loan for 15 years at 8 percent. Your property tax rate is 1.3 perc

zzz [600]

Answer:

$4,424

Explanation:

Calculation to determine what amount would you have lowered your federal income tax

Using this formula

Reduction in Federal income tax amount = (Mortgage interest + Real estate taxes) x Tax rate

Let plug in the formula

Reduction in Federal income tax amount= ($13,200 + 2,600) x 0.28

Reduction in Federal income tax amount=$15,800×0.28

Reduction in Federal income tax amount = $4,424

Therefore The amount that you would have lowered your federal income tax is $4,424

3 0

3 years ago

Describe why cash flow management is important to a business and its financial health. Use a recent financial news story as an e

densk [106]

The cash flow statement plays a vital role for each type of company as it shows the cash positions with respect to the liquidity because the cash should be the most liquid asset and the same would be presented in the organization's hands.

Moreover, they always try to have a sufficient cash amount so that the risk attached to the unfavorable economic situation could be eliminated. So the business wants to store a high value of cash amount and have sufficient liquidity and the same would be presented in the cash flow statement.

Learn more about cash flow here:brainly.com/question/24179665

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6 0

2 years ago

Plz help me with these two idk if its right plz plz help

Lady_Fox [76]

Answer:

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5 0

3 years ago

Packard Corporation reported pretax book income of $500,000. Included in the computation were favorable temporary differences of

melomori [17]

Answer:

The corporation's current income tax expense or benefit would be $170100.

Explanation:

income tax expense or benefit = $500,000 + $100,000 - $10,000 -$80,000)*21%

= $107,100

Therefore, the corporation's current income tax expense or benefit would be $170100.

3 0

3 years ago

GreenLawn Co. provides landscaping services to clients. On May 1, a customer paid GreenLawn $60,000 for 6-months services in adv

devlian [24]

Answer:

See answer below

Explanation:

Journal entry will be as follows.

Debit Cash Account $60,000

Credit Payables/Service Prepayment Account $60,000.

As service is being rendered on a monthly basis (monthly income = $\frac{60,000}{6} = 10,000$ ), the company will make the following journal entry.

Debit Payables/Service Prepayment Account $10,000

Credit Revenue $10,000.

3 0

3 years ago