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Airida [17]
3 years ago
6

Connie made deposits of $2000 at the beginning of each year for four years. The rate she earned is 5% annually. What is the valu

e of Connie's account in four years? A. $9,051.20 B. $11,051.00 C. $8,260.20 D. $8,260.00
Business
1 answer:
Alex Ar [27]3 years ago
5 0
The answer should be about $9000.00 so I'd go with A $9,051.20
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Cash equivalents are securities that a.have maturity dates of 3 months or less. b.have maturity dates of at least 6 months. c.ma
Ahat [919]

Answer:

a. have maturity dates of 3 months or less

Explanation:

Cash equivalents refer to those short term highly liquid security investments such as marketable securities like commercial papers which can be converted into cash within 90 days or 3 months.

Cash equivalents are characterized by their maturity period being 3 months or lesser.

Commercial papers and certificate of deposits maturing in less than 3 months constitute cash equivalents.

Two major characteristics of cash equivalents being, their maturity period being 3 months or lesser and their maturity value is not subject to fluctuations i.e it is known in advance.

3 0
3 years ago
A company had the following purchases and sales during its first month of operations: January 1 Purchased 10 units at $4.00 per
iragen [17]

Answer:

$59.00.

Explanation:

Because it is perpetual method we will check the inventory available at the moment of each sale.

<u />

<u>First sale:</u>

Inventory Available Jan 1st 10 units at $4

sales 6 units COGS $4 = 24

<u>Second Sale:</u>

Inventory Available Jan 1st   4 units at $4         $16

                               Jan 17th  8 units at  $5.5     $44

Total 12 untis at $60 = 60/12 = $5 per unit

sales 7 units COGS $5 = 35

Total COGS 35 + 24 = 59

4 0
3 years ago
What is an example of a problem in the world today, not mentioned in the chapter, that has an economic dimension?
mr_godi [17]

Answer:

There are many of those problems. One of them is immigration. Naturally, there is a cost to receive thousands of people. The demographic figures are altered and as a consequence the labor fan grows, but the data shows that, although in the medium term the clearest results are seen, in a single year progress is also observed.

7 0
3 years ago
Suppose that real GDP per capita in Italy is $32,000. If real GDP per capita is growing at a rate of 2.5% per year, how many yea
Sliva [168]

Answer:

boi  all I know is that im broke

Explanation:

bc

5 0
2 years ago
Some of the following future cash flows have been expressed in then-current (future) dollars and others in CV dollars. Use an in
Cloud [144]

Answer:

$62,267.91

Explanation:

first we must calculate the interest rate = 10% + 6% + (10% x 6%) = 16.6%

now we can use the present value formula:

present value = future value / (1 + rate)ⁿ

present values for:

  • cash flow year 0 = $17,100
  • cash flow year 3 = $46,500/1.166³ = $29,333.06
  • cash flow year 4 = $12,300/1.166⁴ = $6,654.43
  • cash flow year 7 = $26,900/1.166⁷ = $9,180.42

total present value = $62,267.91

6 0
3 years ago
Read 2 more answers
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