How many times will interest be added to the principal in 1 year if the interest is compounded quarterly?

Universal Sports Supply began the year with an accounts receivable balance of $200,000 and a year-end balance of $220,000. Credi

Dovator [93]

Answer:

3.6

Explanation:

The receivables turnover for the year is calculated as;

= Net sales(credit sales) ÷ Average accounts receivables

Average account receivables

= ($200,000 + $220,000) ÷ 2

= $210,000

Therefore, Receivables turnover

= $750,000 ÷ $210,000

= 3.6

6 0

3 years ago

You are planning to save for retirement over the next 25 years. To do this, you will invest $820 per month in a stock account an

alina1380 [7]

Answer:

The withdraw amount is "11,227.42".

Explanation:

The given values are:

In stock account,

PMT = $820

Interest rate = $\frac{10.2 \ percent}{12}$

N = 300

PV = 0

In Bond account,

PMT = $420

Interest rate = $\frac{6.2 \ percent}{12}$

N = 300

PV = 0

Now,

By using the FV (Future value) function, the value in Stock account will be:

= $FV(rate,nper,pmt,[pv],[type])$

= $1,125,795.30$

By using the FV (Future value) function, the value in Stock account will be:

= $FV(rate,nper,pmt,[pv],[type])$

= $300,181.3321$

After 25 years,

The value throughout the account, will be:

= $300,181.3321 + 1,125,795.30$

= $1,425,976.63$

By using the PMT function, we can find the with drawling amount. The amount will be:

= $PMT(rate, nper, pv, [fv], [type])$

= $11,227.42$

4 0

2 years ago

Which of the following is not a question addressed by macroeconomists? a. Why is average income high in some nations but low in

maria [59]

Answer:

c. What is the impact of foreign competition on the U.S. auto industry?

Explanation:

Economic theory is divided into two broad areas: macroeconomics and microeconomics.

Macroeconomics discusses large economic aggregates, such as income, inflation, and employment variations. It is an approach that aims to discuss these factors and bring about improvements through economic policies.

In turn, microeconomics deals with micro factors, such as the behavior of consumers and companies, including in relation to competitive structures. Therefore, item (D) deals with microeconomics and not macroeconomics.

4 0

3 years ago

The management of Creative World notices the staff using horizontal communication for sharing information. This type of communic

Komok [63]

Answer: The answer is co workers at the same level.

Explanation:

Horizontal communication is a system of communication which operates through internal communication channels such as the internal telephone, memoranda or face -to face communication. It takes place between staff of about the same level in different department in an organization. For example horizontal communication can take place between the factory manager and cost accountant in an organization. In horizontal communication there is no authority flowing along the lines of horizontal communication

4 0

3 years ago

A corporation issued 200 shares of its $5 par value common stock in payment of a $2,800 charge from its accountant for assistanc

murzikaleks [220]

The journal entry records the transaction by debiting the corporate expense by $2,800 and crediting the common stock by $1,000 with the remaining amount transferred to additional capital as $1,800.

<h3>What is a journal entry?</h3>

Journal entry is passed in the accounting books to record the financial transactions made by a company. It shows a dual effect on every transaction where one account is debited and another account is credited.

The charge from the accountant is an expense for the company, that is, $2,800, the issue of common stock for payment is the equity of the company, that is, $1,000 and the excess amount left should be treated as additional capital in excess of par, that is, $1,800.

The journal entry is as follows:

Particulars Debit Amount Credit Amount

Corporate expenses $2,800

Common stock (200 shares X $5 ) $1,000

Additional capital ($2,800-$1,000) $1,800

Therefore, the journal entry is passed by making a debit of $2,800 to corporate expenses and a credit of $1,000 in common stock as well as $1,000 in additional capital.

Learn more about the journal entry in the related link:

brainly.com/question/15088439

#SPJ1

7 0

2 years ago