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aksik [14]
3 years ago
12

A family wishes to accumulate 50,000 i a college education fund by the end of 20 years. If they deposit 1,000 into the fund at t

he end of each of the first 10 years, and 1, 000+X at the end of each of the second 10 years, find X to the nearest unit if the fund earns 7% effective.
Business
1 answer:
Charra [1.4K]3 years ago
8 0

Answer:651.73

Explanation:

1,000s20|0.07+Xs10|0.07= 50,000. Therefore,X=50,000-1,000s20|s10|=50,000-40,995.4313.81643= 651.73

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Lacey Company prepared the tabulation below at December 31, 2022. Net Income $310,000
valentinak56 [21]

Answer:

Net cash provided by operating activities is $325,000.

Explanation:

Lacey Company

Cash Flow Statement (Operating Activities Only)

December 31, 2022.

<u>Details                                                                       Amount ($)</u>

Net Income                                                                   310,000

Depreciation expense                                                  45,000

Increase in accounts receivable                                 (55,000)

Decrease in inventory                                                   12,000

Increase in accounts payable                                        6,000

Increase in prepaid expenses                                      (4,000)

Decrease in income taxes payable                               3,500

Gain on disposal of land                                                <u> 7,500 </u>

Net cash provided (used) by operating activities  <u> 325,000 </u>

5 0
3 years ago
S&amp;L Computer services has separate divisions to focus on the needs of individual consumers, small businesses, and large busi
prisoha [69]

Answer:

Letter c is correct. <u>Customer.</u>

Explanation:

Departmentalization by customer is a type<u> of grouping that divides organizational activities so that they are effective in meeting and directing organizational strategies to a type of audience that has similar characteristics</u>, such as age, gender, preferences, and income. Each unit has customized characteristics and sales method so that the customer group has a positive perception about the organization and its requirements and needs are properly met.

3 0
2 years ago
Alice Copper has wages of $120,000 and dividend income from a mutual fund of $5,000. She has allowable itemized deductions of $9
Alexeev081 [22]

Answer:

$112,600

Explanation:

Calculation for What is the amount of Alice's Taxable Income

Wages $120,000

Add Dividend Income $5,000

Adjusted Gross Income $125,000

($120,000+$5,000)

Less Standard Deduction(Single and no dependents) ($12,400)

Taxable Income $112,600

($125,000-$12,400)

Therefore the amount of Alice's Taxable Income will be $112,600

4 0
2 years ago
Ralph is contemplating whether to purchase the new technologically advanced Toaster-matic 2000. The Toaster-matic 2000 has the a
Digiron [165]

Answer:

Complexity

Explanation:

As an innovation reduces the difficult of a certain activity or process it will have a better reception and therefore, a higher rate of diffusion.

The Toaster-matic 2000 has a knowledge barrier thus, while there is relative advantage(better benefit than any competition) in his use the diffusion is diminish <u>by his complexity. </u>

<u />

3 0
2 years ago
The financial statements of New World, Inc., provide the following information for the current year: Dec.31 Jan.1Accounts receiv
pashok25 [27]

Answer:

A $3066000

Explanation:

The formula for cash received from customers is: opening receivables+net sales-closing receivables.

The rationale behind the formula is that opening receivables would have turned cash by year end since current asset last one year maximum.

=$241500+$3097500-$273000

=$3066000

3 0
3 years ago
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