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Strike441 [17]
3 years ago
9

can purchase a service contract for all of her major appliances for $180 a year. If the appliances are expected to last for 10 y

ears and she earns 5 percent on her savings, what would be the future value of the amount Krista will pay for the service contract? Use
Business
1 answer:
Ghella [55]3 years ago
3 0

Answer:

$2,264.04

Explanation:

To find future value we use the formula:

Future Value = Annual payment × Future value annuity factor

Therefore,

FV = P * [((1+r)^n - 1) / r]

Where P = Principal amount = $180

r = rate = 5% == 0.05

n = 10 years

= 180 *[((1+0.05)^1^0) / 0.05]

= $180 * 12.578

= $2,264.04

Therefore the Future Value is $2,264.04

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Which of the following statements is NOT true? America's economy is becoming much less American. Markets are shifting slowly and
valentinak56 [21]

Answer:

<h2>The first statement in the answer choices or options given in the question is NOT true in this case or America's economy is becoming much less American.</h2>

Explanation:

  • In this instance, the first statement given in the answer choices or America's economy is becoming much less American seems untrue or rather meaningless or baseless statement.
  • First,saying that American economy is becoming less American doesn't apparently make any logical sense as American economy refers to a particular country's economy which is America. Furthermore, American economy is not any official theoretical classification or a type of economy such as a market economy,capitalist economy,mixed economy,socialist economy and so on.
  • Even if some people might refer to American economy as a predominantly capitalistic economic structure,the given statement appears to be untrue as there is no logical or practical evidence to suggest that the American economy is indeed becoming less capitalistic or market oriented.
4 0
3 years ago
At the beginning of the recent period, there were 1,050 units of product in a department, 35% completed. These units were finish
White raven [17]

Answer:

Answer for the question:

At the beginning of the recent period, there were 1,050 units of product in a department, 35% completed. These units were finished and an additional 5,500 units were started and completed during the period. 1,000 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were__________.

Is given in the attachment.

Explanation:

3 0
4 years ago
What is the normal balance for the Accounts in questions 4-6?
andre [41]

Answer:

4. Debit

5.Credit

6.Credit

Explanation:

The rule is simple. If the account is Asset, its normal balance is Debit. If the account is Liability or Owner Equity, their normal balance are Credit.

The things are you have to recognize which of them are Asset, Liability or Owner Equity.

The only way is to practice, to get yourself as much exposure to financial accounting ( e.g: their are plenty of Financial Reports of Big Firms available online for you to read) as possible so you may recognize what side of the Balance Sheet these items would be categorized into as soon as you heard its name.

7 0
3 years ago
If a firm is selling a search good it is more likely to
Hitman42 [59]
<span>If a firm is selling a search good, you will no doubt find them using informational advertising to promote their product because it has proven to be the most effective for this type of good. On the other hand, if they are selling an experience good, the advertising they will probably employ is persuasive advertising. Many companies have spent millions of dollars researching the best form of advertising for each product they offer for sale.</span>
3 0
3 years ago
Rebel Technology maintains its records using cash-basis accounting. During the year, the company received cash from customers, $
Elden [556K]

Answer:

The cash-basis net income and accrual-basis net income for the year is $19,500 and $22,800 respectively.

Explanation:

The computation is shown below:

1. Net income under cash basis:

= Received cash from customers - paid cash for salaries

= $43,000 - $23,500

= $19,500

2. Net income under accrual basis:

= Cash received - salary paid

where,

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= $6,600 + $43,000 - $1,000

= $48,600

And, the salary paid = salary owed at the end of the year + salary paid - salary owed at the beginning of the year

= $5,600 + $23,500 - $3,300

= $25,800

Now put these values to the above formula  

So, the value would equal to

= $48,600 - $25,800

= $22,800

3 0
4 years ago
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