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lawyer [7]
2 years ago
7

If Gerry makes a deposit of $1,500 at the end of each quarter for five years, how much will he have at the end of the five years

assuming a 12% annual return and quarterly compounding?
Business
1 answer:
Basile [38]2 years ago
7 0

Answer:

The Final Value is $40,305.56

Explanation:

Giving the following information:

Gerry deposits $1,500 at the end of each quarter for five years.

Interest rate= 12% quarterly compounding

To calculate the final value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= quarterly deposit= 1,500

i= 0.12/4= 0.03

n= 5*4= 20

FV= {1,500*[(1.03^20)-1]} / 0.03

FV= $40,305.56

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Vision Co. manufactures and sells tea, coffee, desserts, shoes, and sporting goods. All of these products are its
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All of these products are its sold under his family brand

Explanation:

In the given question, the Vision co. deals in a variety of products which include tea, coffee, desserts, shoes, and sporting goods.

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And, he promotes his family brand together.

Here, brand means to promote the company goods having a trademark so that the customers attract towards company goods and services by giving them great deals. It is an advertising strategy through which the company can capture its maximum market share.

Hence, All of these products are its sold under his family brand

6 0
2 years ago
Frito-lay's sunchips line of snack foods uses solar power at one of its eight production facilities to harness the sun's energy
Leno4ka [110]

The answer to the blank space is green-oriented.

Green-oriented products are also known as environmental-friendly products, which means either the product is created from raw materials that will not cause harm upon use or disposal to the environment, or that the product is created through a process that does not impact the environment in a harmful manner.

In the Frito-Lay’s case of snack food manufacturing, it is clear that this is the second type of environmental-friendly product, since the product is partially produced using solar power which leads to less harmful pollution for the environment.

6 0
3 years ago
Bloom Company management predicts that it will incur fixed costs of $160,000 and earn pretax income of $164,000 in the next peri
Lena [83]

Answer:

  1. SALES IN DOLLAR $1,296,000
  2. VARIABLE COST IN DOLLAR $972,000

Explanation:

The process would be to use formulas of the variable costing method to solve for each term:

We are going to use the operating income formula

<em>contribution margin - fixed cost = operating income</em>

<u>Replace </u>with the know values:

<em>contribution margin</em> - 160,000 =  164,000

now <u>solve </u>for the unknow value

contribution = 164,000 + 160,000 = 324,000

Next step we use the contribution margin ratio formula to get the sales:

<em>contribution margin/sales = contribution ratio</em>

<u>Replace </u>with the know values:

324,000/<em>sales </em>= 0.25

now <u>solve </u>for the unknow value:

sales = 324,000/0.25 = 1,296,000

Lastly we use the contribution margin formula to solve for variable cost:

sales - variable cost = contribution margin

<u>Replace </u>with the know values:

1,296,000 -<em> variable cost </em>= 324,000

now <u>solve </u>for the unknow value:

variable cost= 1,296,000 - 324,000 = 972,000

5 0
3 years ago
Issued 30,000 shares of common stock in exchange for $300,000 in cash. Purchased equipment at a cost of $40,000. $10,000 cash wa
hichkok12 [17]

Answer:

T-accounts:

Cash

Accounts Titles             Debit       Credit

Common Stock         $300,000

Equipment                                       $10,000

Rent Expense                                     5,000

Prepaid Insurance                              6,000

Accounts Payable                            70,000

Accounts Receivable  55,000

Equipment

Accounts Titles             Debit       Credit

Cash                           $10,000

Notes Payable             30,000

Notes Payable

Accounts Titles             Debit       Credit

Equipment                                  $30,000

Inventory

Accounts Titles             Debit       Credit

Accounts Payable      $90,000

Cost of Goods Sold                      $70,000

Accounts Payable

Accounts Titles             Debit       Credit

Inventory                                     $90,000

Cash                           $70,000

Accounts Receivable

Accounts Titles             Debit       Credit

Sales Revenue           $120,000

Sales Revenue

Accounts Titles             Debit       Credit

Accounts Receivable                  $120,000

Cost of Goods Sold

Accounts Titles             Debit       Credit

Inventory                   $70,000

Rent Expense

Accounts Titles             Debit       Credit

Cash                           $5,000

Prepaid Insurance

Accounts Titles             Debit       Credit

Cash                          $6,000

Common Stock

Accounts Titles             Debit       Credit

Cash                                             $300,000

Depreciation Expense

Accounts Titles              Debit       Credit

Acc Depreciation         $1,000

Accumulated Depreciation - Equipment

Accounts Titles             Debit       Credit

Depreciation Expense                   $1,000

Explanation:

T-account consists of the following.  An account title to record the corresponding account where the double-entry transaction is completed. A debit side on the left to enter the dollar value of the transaction, if the concerned account receives the value.  A credit side on the right, also, to enter the dollar value of the transaction, if the concerned account gives out the value.

5 0
3 years ago
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