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
Andreas93 [3]
3 years ago
14

JG Asset Services is recommending that you invest $1,275 in a 5-year certificate of deposit (CD) that pays 3.5% interest, compou

nded annually. How much will you have when the CD matures
Business
1 answer:
ArbitrLikvidat [17]3 years ago
5 0

Answer:

The amount that will be received when CD matures is $1514.30

Explanation:

To calculate the amount that will be received at the maturity of the CD, we simply need to calculate the future value of the invested amount using annual compounding. The formula for the future value that we will use is,

Future value = Present value * (1+r)^t

Where,

  • r is the rate of interest
  • t is the time in years

Future value = 1275 * (1+0.035)^5

Future value = $1514.30

You might be interested in
Pooler Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.15 direct labor
AleksandrR [38]

Answer:

$13,335

Explanation:

Required production in units for April and May are 6,500 units and 6,200 units respectively.

Direct labor hours needed is 0.15 for both months.

Total direct labor hours needed for each month would be;

April

= 6,500 units × 0.15

= 975

May

=6,200 units × 0.15

= 930

Direct labor rate per hour for each months is $7

Total direct labor cost for April would be;

= $7 × 975

= $6,825

Total direct labor cost for May would be;

= $7 × 930

= $6,510

Therefore, total direct labor cost for both months April and May would be;

= $6,825 + $6,510

= $13,335

4 0
3 years ago
In its income statement for the year ended December 31, 2019, Sheridan Company reported the following condensed data. Operating
olga55 [171]

Answer&Explanation:

Net Income Statment for the Year Ended December 31,2019

Net sales 2,416,300

Cost of goods sold (1,334,200)

<em>Gross Profit 1,082,100 Sales - COGS</em>

Operating expenses  (759,720)

<em>Operating Income     292,380 Gross Profit - Operating Expenses</em>

Interest revenue  29,970

Interest expense (71,270)

Loss on disposal of plant assets (15,910)

<em>Other Income (57210)</em>

<em />

<em>Net income 235,170 Operating Income + Other income</em>

Other comprehensive income 6,920.

<em>Comprehensive Income 242,090 Net Income - OCI</em>

6 0
3 years ago
Which three activities are part of the function of accounting?
IgorC [24]

The 3 activities which are part of the function of accounting includes:

  • Classifying financial transactions
  • interpreting financial transactions
  • Recording financial transactions

Accounting (<em>including bookkeeping</em>) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.

As regards the options, 3 activities which are part of the function of accounting includes:

  • Classifying financial transactions
  • interpreting financial transactions
  • Recording financial transactions

In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.

Missing word includes <em>"1. prioritizing financial transactions 2. classifying financial transactions 3. planning financial transactions 4. interpreting financial transactions 5. recording financial transactions"</em>

<em />

Read more about this here

<em>brainly.com/question/15393400</em>

4 0
2 years ago
Process capability evaluation allows us to: Select one: a. check customer requirements against what a process is able to achieve
Levart [38]

Answer:

Process capability evaluation allows us to:

a. check customer requirements against what a process is able to achieve.

Explanation:

Process capability evaluation involves the set of tools used to analyze the performance of a given process against desired specifications.  This means that it measures how well a process performs against targets.  There are different measures of process capability.  For example, Sigma Six is used as a process capability evaluation.  Process capability index is also used to evaluate a process' capability, where the upper and lower limits are measured.

4 0
3 years ago
Mentor Graphics Corporation, a supplier of electronic design automation systems, just announced its second quarter results. Acco
saveliy_v [14]

Answer:

1. Which of the excluded items represent ongoing costs of running the business and which are one-time "special" costs?

it depends on the company and the actual transactions, e.g. equity based compensation might be a one time special cost because it occurred only once and is doubtful that it happens again. But if the company regularly rewards its top managers with this type of compensation, then it is an ongoing cost. E.g. Tesla awarded a HHHHUUUUUUGGGGGGGEEEEEEE bonus to Elon Musk (worth hundreds of millions) but it was a one time event. While many companies use equity compensation on a regular basis.

Severance and related employee "rebalancing" costs generally take place when a company fires a lot of people because it is cutting down some division or product line. Hopefully, they should never happen, and if they do, it should be only a one time event.

Fees paid to consultants and interest expenses are ongoing costs that will probably occur in the future.

Losses related to the abandonment of excess facility space and a facility fire should be one time events. It would be really bad for them to keep happening (same as severance and rebalancing costs)

8 0
2 years ago
Other questions:
  • You are a foreign exchange student studying in Switzerland. You are from Australia and currently have Australian dollars and som
    12·1 answer
  • One way of shooting a bow is the instinctive aiming method. what is true about this method? you look at the target with the righ
    6·1 answer
  • John and Shirley have one child eligible for the Child Tax Credit, file their tax return as married filing jointly and, at a $41
    13·1 answer
  • "If a company has the optimal amount of debt, then the:
    10·1 answer
  • What can be a cost of opening a basic checking account?
    11·2 answers
  • Leon Georges works in the warehouse for a manufacturer of air-purification systems. He is responsible for the transportation of
    15·1 answer
  • Marcy has an 85% average in the class going into the final exam that is worth 30% of the grade. If Marcy makes a 100% on the fin
    7·1 answer
  • Sarah and stephanie are determined to make their business plan look as professional as possible. in order to make sure it's orga
    8·1 answer
  • Which of the following is one way that technology can improve productivity?
    8·1 answer
  • Since it‘s where most young adults spend their time, 50% of retailers spend at least half of their marketing money on.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!