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Rzqust [24]
3 years ago
12

Compute the future value of $2,000 compounded annually for 20 years at 6 percent. (Do not round intermediate calculations and ro

und your answer to 2 decimal places, e.g., 32.16.) b. Compute the future value of $2,000 compounded annually for 15 years at 9 percent. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Business
1 answer:
Vinvika [58]3 years ago
7 0

Answer:

A) FV= 6414.27

B) FV=2000*(1.09^15)= 7284.97

Explanation:

Giving the following information:

A) Present value=  $2,000

Compounded annually for 20 years at 6 percent.

n= 20

i=0.06

B) Present value= $2,000

Compounded annually for 15 years at 9 percent.

n=15

i= 0.09

To calculate the Final Value we need to use the following formula:

FV= Present value*(1+interest rate)^n

A) FV= 2000*(1.06^20)

FV= 6414.27

B) FV=2000*(1.09^15)= 7284.97

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Answer:

D)

Explanation:

This is the case unless the registered representative contributes capital proportionate to his sharing percentage and receives written approval of the principal. This is because the MSRB clearly prohibits this, but if the registered representative opens a joint account with the customer (granted the customer approves), and shares in both the gains and losses of the account with a proportionate capital contribution, then both are entering into the same risk and are allowed to share in the gains and losses. This is as long as the principal provides written approval.

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Norred Corporation has provided the following information: Cost per Unit Cost per Period $ 121,500 $ 44,500 Direct materials Dir
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Answer:

$134,300

Explanation:

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= $12,800 + $121,500

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So, for computing the total manufacturing overhead we simply applied the above formula.

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3 years ago
A customer owns a convertible subordinated debenture, convertible into common at $25 per share. The bond is currently trading at
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Answer:

c:40:1 OR B:32:1

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3 years ago
It might be a good idea to expand or upgrade a firm's human capital base during a ______, because unemployment is high and there
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It might be a good idea to expand or upgrade a firm's human capital base during a downturn, because unemployment is high and therefore human capital is abundant and wages usually fall.

Social scientists refer to personal qualities seen to be helpful in the manufacturing process as "human capital." It includes the education, health, and knowledge of the workforce.

The information, skills, and health that people invest in and amass throughout the course of their life give them the opportunity to realize their potential as contributing members of society.

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Basic activities in every accounting department, including sales order processing, accounts receivable, inventory and purchasing
Lelu [443]

Answer:

General ledger

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