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
Vlad [161]
3 years ago
10

Find the following values for a lump sum assuming annual compounding. a. The future value of $800 invested at 7% for one year b.

The future value of $800 invested at 7% for five years c. The present value of $800 invested at 7% for one year d. The present value of $800 invested at 7% for five years
Business
1 answer:
Dmitrij [34]3 years ago
5 0

Answer:

For the first 2 we calculate the future value:

(A)856

(B)1,122.04

(C) and (D) thre present value will be 800

Explanation:

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

800* (1+ 0.07)^{1} = Ammount

856

800* (1+ 0.07)^{5} = Ammount

1,122.041358

\frac{856}{(1 + 0.07)^{1} } = 800

\frac{1,122.04}{(1 + 0.07)^{5} } = 800

You might be interested in
Type your summary here. Use the Internet to find an article that presents a forecast of the economy's performance in the next th
larisa [96]

Explanation:

an entrepreneur is always creative have ideas make best decision thinks before decision

7 0
3 years ago
Businesses that are organized in the United States are subject to its laws, but not to the laws of other countries in which they
lord [1]
True, every country has it's own laws which the company has to obey. For example McDonald's has a different menu in the US than the menu in India because of religious beliefs and laws. 
8 0
3 years ago
Overapplied manufacturing overhead would result if:
Ksivusya [100]
<span> Manufacturing overhead describes the difference between manufacturing overhead cost applied to work in process and manufacturing overhead cost actually incurred during a period.</span>
Over-applied manufacturing overhead would result if the manufacturing overhead cost applied to work in process is more than the manufacturing overhead cost actually incurred during a period. So, in over-applied overhead the applied overhead is bigger than the actual overhead. 
4 0
3 years ago
During 2021, its first year of operations, Ashbaugh Industries recorded sales of $21,000,000 and experienced returns of $1,400,0
juin [17]

Answer:

B) Credit to refund liability of $280,000

Explanation:

The total estimated returns are 85 of the total sales = 8% x $21,000,000 = $1,680,000.

Since the company had already accounted for $1,400,000 in returns, the adjusted necessary should be = total returns - accounted returns = $1,680,000 - $1,400,000 = $280,000

Since the refund liability account must increase, and it is a liability account, it should be credited.

3 0
3 years ago
The legal document identifying the rights and obligations of both the bondholders and the issuer is called the bond ______. This
V125BC [204]

Answer: indenture

Explanation:

The bond indenture is a legal contract that or covers a purchase obligation or a debt.

Therefore, the legal document identifying the rights and obligations of both the bondholders and the issuer is called the bond indenture. This document describes the number of bonds authorized, their par value, and the contract interest rate.

7 0
3 years ago
Other questions:
  • If the supplies on hand at the end of January totaled $500 and the Supplies on Hand account before adjustment is $900, what shou
    9·1 answer
  • What is a caterer what is his job
    7·1 answer
  • Last year mike bought 100 shares of dallas corporation common stock for $53 per share. during the year he received dividends of
    9·1 answer
  • For safety reasons, there should be no heating/cooling returns in _______.
    12·1 answer
  • Mike purchases a new heavy-duty truck (5 year class recovery property)I for his delivery service on March 30.2019. No other asse
    13·1 answer
  • ____ cards contain a chip that can store a large amount of information as well as on a magnetic stripe for backward compatibilit
    13·1 answer
  • Suppose on January 1 Aiden​'s Tavern prepaid rent of $ 13 comma 200 for the full year. At July 31​, how much rent expense should
    10·1 answer
  • The following details are provided by Western Wear Merchandisers. The company uses the periodic inventory system.
    10·1 answer
  • Through fraudulent means, Frank induces Ethel to sign a contract to invest with him the profits from her business. When Ethel le
    6·1 answer
  • 11. If you want to have a return for your Final Portfolio (that is invested between Optimal Risky portfolio and Risk Free Securi
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!