1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Julli [10]
3 years ago
5

Justin deposits $4,000 into an IRA account that earns an annual interest rate of 6.5%. If he makes no additional deposits, how m

uch money will he have in the account one year later?
Business
1 answer:
Liula [17]3 years ago
8 0

Answer:

The Future value at year time is $4,260

Explanation:

The future value at the end of the year one can be found by using the compounding formula which is as under:

Future Value = Present Value * (1 +r)^n

Future Value  = $4,000 * (1.065)^ 1 = $4,260

You might be interested in
True or false: When you receive a savings bond worth $100, you can cash it for $100 right away.
Ivenika [448]
True because you save your bond it's 100 right so recive 100
8 0
3 years ago
Read 2 more answers
Which of the following is not a characteristic of advances in order pick technology
professor190 [17]

Answer:

I don't see an attachment

Explanation:

You should make another question with the picture

6 0
3 years ago
Economic activities whose location does not rely on factors such as the location of raw materials, transportation costs, and lar
algol13

Answer:

The correct answer is: Footloose Activities.

Explanation:

Footloose Activities are those that do not change in costs regardless of the location where they are performed. In the corporate world, Footloose Industries are usually those that have almost fixed manufacturing costs anywhere around the world and include computer chips production, for instance.

6 0
3 years ago
For each separate case, record the necessary adjusting entry. On July 1, Lopez Company paid $1,200 for six months of insurance c
kenny6666 [7]

Answer:

Explanation:

The adjusting entries are shown below:

1. Insurance expense A/c Dr $1,200

         To Prepaid insurance A/c             $1,200

(Being prepaid insurance is adjusted)

2. Supplies expense A/c Dr $6,200

        To supplies A/c                             $6,200

(Being supplies adjusted)

The supplies at the end of the year is computed below:

= Supplies account balance + purchase of supplies - available  supplies

= $5,000 + $2,000 - $800

= $6,200

5 0
3 years ago
Some companies use automated payment processing technology in which paper checks that may arrive at a lockbox are converted into
Otrada [13]

<span>The answer in the given statement above is the accounts receivable conversion. This type of process allows an individual to receive the amount that he or she converts from paper check into a real amount when scanned under an electronic machine in which is being described above.</span>

5 0
3 years ago
Other questions:
  • HELP PLSSS
    14·1 answer
  • For financial reporting purposes, an advance payment for services is NOT recorded as a revenue, but rather recorded as a(n) . It
    6·1 answer
  • Analyzing income distribution would include all of the following EXCEPTa. the purchasing power of various age groups.b. the disc
    11·1 answer
  • During 2016, Handy Appliances made and sold coffee makers. At the beginning of the year the company had 37 units, 14,382 units w
    8·1 answer
  • The accounts receivable turnover is computed as __________ divided by __________.sales; accounts receivablesales; average accoun
    14·1 answer
  • Fixed costs that do not differ between two alternatives are A. irrelevant to the decision. B. relevant to the decision. C. consi
    13·1 answer
  • The term average means ___.
    14·1 answer
  • Design Math Quiz
    11·1 answer
  • Treating people within an organization fairly and taking actions that do not discriminate against people in protected classes on
    8·1 answer
  • Suppose that a particular artillery piece has a range r = 4000 yards . find its range in miles. use the facts that 1mile=5280ft
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!