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ser-zykov [4K]
3 years ago
6

investment is made at r percent compounded annually, at the end of n years it will have grown to A = P(1 + r)n . An investment m

ade at 16% compounded annually. It grows to $1,740 at the end of the year. How much was originally invested?
Business
1 answer:
bixtya [17]3 years ago
3 0

Answer:

$1,500

Explanation:

Given the compounding formula A = P(1+r)^{n}

And given an investment (P), made at 16% compounded annually (r), and an ending amount of $1,740 (A) at the end of the year (n = 1 year), the original amount invested (P) can be computed as follows.

1,740 = P(1+0.16)^{1}

1,740 = P * 1.16

= P = 1,740/1.16 = 1,500.

Therefore, the original investment was $1,500.

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​Martinville, Inc. earned revenues of $ 17,000 and incurred expenses of $ 7,000. The company declared and paid cash dividends of
vladimir1956 [14]

Answer:

$10,000

Explanation:

A company's income is either shared out as dividends or kept in as retained earnings. Therefore, the total of retained earnings and dividend paid out is the net income. This is the amount that will reflect in the income statement. In other words, income is calculated first before dividends or retained earnings are declared.

For ​Martinville, income will be calculated first before dividends are paid. Net income will be

=revenue - expenses

=$17,000 -$7,000

=$10,000

Balance in the Income Summary account was $10,000

4 0
3 years ago
Data related to the acquisition of timber rights and intangible assets during the current year ended December 31 are as follows:
stiv31 [10]

Answer:

a) Determination of the amount of the amortization, depletion, or impairment for the current year for each item:

   Item                 Impairment   Amortization    Depletion

                             Expense         Expense          Expense

a. Timber rights                                                  $304,000

b. Goodwill        $ 1,110,000

c. Patent                                     $456,000

b) Adjusting Journal Entries:

Date       Account Titles                                   Debit         Credit

Dec. 31   Depletion Expense -Timber rights  $304,000

              Accumulated Depreciation - Timber rights     $304,000

To record the depletion expense for Timber rights.

Dec. 31   Goodwill Impairment Loss             $1,110,000

              Accumulated Goodwill Impairment                $1,110,000

To record the impairment loss for Goodwill

Dec. 31   Amortization Expense - Patent     $456,000

              Accumulated Amortization - Patent                 $456,000

To record the amortization expense for Patent.

Explanation:

a) Data and Calculations:

February 22, Purchase of Timber rights $1,140,000

Estimated stand of timber = 6,000,000

Used board feet of timber = 1,600,000

Units of product Depletion

= $1,140,000/6,000,000 * 1,600,000

= $304,000

December 31, Goodwill impairment

= $1,110,000

April 3 Patent:

Cost incurred $9,120,000

Amortization per annum = $608,000 ($9,120,000/15)

Amortization for the current year = $456,000 ($608,000 * 3/4)

8 0
3 years ago
Gardening supplies are hot now but they haven’t always been why is this true of other businesses too
marusya05 [52]

Answer:

look i don't care...

Explanation:

just joking i don't know that question

3 0
2 years ago
When the federal reserve decreases the federal funds target rate, it means that
Alex
That it increases the money supply and the inflation is higher. More money can be loaned out by the bank.
5 0
3 years ago
A barometer of short-term interest rates and one that is therefore considered the most volatile interest rate in the u. s. econo
WARRIOR [948]

A barometer of short-term interest rates and one that is therefore considered the most volatile interest rate in the US economy is the federal funds rate.

An interest rate tells you ways excessive the price of borrowing is, or high the rewards are for saving. So, in case you're a borrower, the interest fee is the amount you are charged for borrowing cash, shown as a percent of the entire quantity of the loan.

As RBI hiked repo charge, FD quotes are anticipated to rise in 2022 and 2023. Banks and other NBFCs have already started steadily raising FD quotes after RBI made it clear that repo prices will exchange.

As interest rates circulate up, the cost of borrowing turns extra high-priced. because of this demand for decrease-yield bonds will drop, inflicting their fee to drop. As hobby prices fall, it becomes easier to borrow money, and lots of agencies will trouble new bonds to finance growth.

Learn more about interest rates here brainly.com/question/2151013

#SPJ4

6 0
1 year ago
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