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3 years ago

You have decided that you want to be a millionaire when you retire in 45 years.

Business

1 answer:

fiasKO [112]3 years ago

4 0

Answer and Explanation:

The computation is shown below:

We use the formula that is given below:

Invested amount = $1,000,000 present value

Present value = 1 ÷ (1 + rate of interest)^number of years

The amount invested is

= $1,000,000 ÷ (1.1104)^45

= $8,983.07

The amount invested is

= $1,000,000 ÷ (1.0552)^45

= $89,111.71

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Which of the following is not possible when recording a transaction?A. Liabilities increase and assets decrease.B. Stockholders'

Basile [38]

Answer:

Liabilities increase and assets decrease.

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3 years ago

Marlene has been living in her $120,000 home for 31 years. Because she has paid off the mortgage, she decides to save some money

Ksju [112]

Marlene will receive $5,000 in the insurance settlement.

<h3>What is an insurance settlement?</h3>

An insurance settlement is an indemnity or compensation that the insurance company pays to the insured to settle an insurance claim according to the insurance policy guidelines.

<h3>Data and Calculations:</h3>

Property value = $120,000

Homeowner's coverage = $40,000

Estimated damage = $12,000

Standard coinsurance requirement threshold = 80%

Expected insurance coverage = $96,000 (120,000 x 80%)

Co-insurance penalty = 41.67% ($40,000 / $96,000 x 100)

Indemnity = $5,000 ($12,000 x 41.67%)

Thus, Marlene will receive $5,000 in the insurance settlement.

Learn more about insurance indemnity at brainly.com/question/8025172

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1 year ago

The balance sheet identifies the productive resources (assets) that a firm uses to generate income, as well as the sources of fu

docker41 [41]

Answer:

A) True

Explanation:

The Balance Sheet is a snapshot of the financial situation of a company at the end of the accountable period. It shows which productive resources (assets) the company has for the development of its activities and how they are financed. Assets can be financed by external (Obligation with creditors – Liabilities) or internal sources (Issuing equity shares - Shareholders' equity). As every Asset must be financed either or both with Liabilities or Shareholders' equity, in the Balance Sheet, the accountable equation is represented.

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2 years ago

Use the following selected balance sheet and income statement information for Caroline Supply Co. (in millions) to compute asset

lidiya [134]

Answer:

3.15 times

Explanation:

Asset turnover = Sales revenue / Average total assets

Asset turnover = $1,135,420 / $360,600

Asset turnover = 3.15 times

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2 years ago

Question 4

denis23 [38]

Answer:

B. Accounts Receivable

7 0

3 years ago

Read 2 more answers