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BlackZzzverrR [31]
3 years ago
13

Ajax Company purchased a five-year certificate of deposit for its building fund in the amount of $220,000. How much should the c

ertificate of deposit be worth at the end of five years if interest is compounded at an annual rate of 9%?
Business
1 answer:
irina [24]3 years ago
8 0

Answer:

The certificate of deposit be worth $338496.8 at the end of five years if interest is compounded at an annual rate of 9%

Explanation:

Certificate of deposit of 220000 after 5 years @ 9% is calculated as below

As per the Present and future value tables of $1 at 9% presented

FVA of $ 1 after 5 years is 5.9847 and

PVA of $ 1 after 5 years is 3.88965  

PV of 220000 will become = 220000*5.9847/3.88965

                                              = $338496.8

Therefore, The certificate of deposit be worth $338496.8 at the end of five years if interest is compounded at an annual rate of 9%

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During December, Far West Services makes a $1,600 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
vredina [299]

Answer:

Account Receivables 1,736 debit

   Sales Revenue             1,600 credit

   sales tax payable            136 credit

Explanation:

The company will charge to the 1,600 sale the sales tax :

1,600 x (0.06 state + 0.025 local) = 136

the salestax is levied in the consumer not the firm thus it is not an expense the company is just an intermediary between the government and the consumer.

3 0
3 years ago
Next year Baldwin plans to include an additional performance bonus of 0.25% in its compensation plan. This incentive will be pro
katovenus [111]

Answer:

What Baldwin pays to its employees per hour is $29.63

Explanation:

Consider the following calculations to find the Baldwin pays to its employees.

Total raise = 5% + 0.25% = 5.25%

Present wages = $28.15

Baldwin will pay = $28.15* (1.0525) = $29.63

4 0
3 years ago
There is a positive association between the number of drownings and ice cream sales. this is an example of an association likely
Delicious77 [7]
The correct answer is not among all the choices. The answer is "common response." This<span> is an example of an association likely caused by common response. </span>Thank you for posting your question. I hope this answer helped you. Let me know if you need more help. 
7 0
3 years ago
Continuing the analysis of Ginnie's Gym Refreshment Bar:
IrinaVladis [17]

The bundle prices for Hydration Power Drink and Satisfying Smoothie are given below.

<h3>What is Contribution Margin?</h3>

The contribution margin (CM), also known as the dollar contribution per unit, is the difference between the selling price and the variable cost per unit.

Because 100% is the best contribution margin, the closer the contribution margin is to 100%, the better. The greater the figure, the better a company's ability to meet its overhead expenditures with cash on hand.

The contribution margin =

Unit Margin (Profit) = Unit Revenue - Unit Variable Cost (Marginal Cost)

<h3>What is the bundle prices and Net Profit?</h3>

For Hydration Power Drink:

High 7 -1 = 6

Low: 6 - 1 = 5

Total = 11

For Satisfying Smoothie:

High: 10 -4 = 6

Low: 5-4 = 1

Total  = 7

High Bundle Price for both products:
6 + 6 = 12

Low Bundle price for both products:
5 + 1 = 6

From the above information, it is clear that the Bundle Price that will maximize profit is the High Bundle Price.

The product that will yield the most profit is: The Hydration Power Drink.

Learn more about bundle price:
brainly.com/question/23175408
#SPJ1

7 0
2 years ago
Madison Foods Corp. is frustrated in its efforts to sell products in Europe because several countries are demanding that the com
mixer [17]

Answer: Trade obstacle

Explanation:

From the information given, we can infer that the demands are examples of trade obstacle.

Trade obstacles refers to the barriers which hinder a trade or the restrictions on an international trade. Trade obstacles can be tariffs or other non-tariff methods. Trade obstacles lead to difficulties in the sale of a product to other countries.

4 0
3 years ago
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