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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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A company's balance sheet shows: cash $28,000, accounts receivable $19,000, office equipment $53,000, and accounts payable $20,0
qaws [65]

Answer:

The answer is $80,000

Explanation:

Shareholders' equity is the residual interest the owner has in the business. It is calculated by deducting its liabilities from its assets. i.e

Total assets - Total liabilities.

Total assets is summation of current and non-current asset. So we add Curren asset(cash, accounts receivable) and non-current asset (office equipment) together.

So we have, $28,000 + $19,000 $53,000 = $100,000

Therefore, stockholders’ equity is:

$100,000 - $20,000

=$80,000

8 0
3 years ago
An increase in the time between when an order to trade a security is placed and when the order is executed most likely indicates
valina [46]

Answer:

decreased.

Explanation:

An increase in the time between when an order to trade a security is placed and when the order is executed most likely indicates that market efficiency has: decreased.

The fact about Market efficiency is that it does not require that the market price be equal to true value at every point in time. All it requires is that errors in the market price be unbiased, i.e., that prices can be greater than or less than true value, as long as these deviations are random.

8 0
3 years ago
The following data from the just completed year are taken from the accounting records of Mason Company:
Nuetrik [128]

Answer:

Mason Company

a) Schedule of Cost of Goods Manufactured:

Direct labor cost                        $80,000

Raw material purchases          $135,000

Manufacturing overhead

applied to work in process     $201,000

Cost of goods manufactured $416,000

b) Schedule of Cost of Goods Sold:

Cost of goods manufactured $416,000

Under-applied overhead            21,000

Cost of goods sold                $437,000

c) Income Statement:

Sales                                $656,000

Cost of goods sold          $437,000

Gross profit                      $219,000

Selling expenses            $105,000

Administrative expenses  $41,000

Total expenses               $146,000

Net income                       $73,000

Explanation:

a) Data and Calculations:

Sales                                $656,000

Direct labor cost                $80,000

Raw material purchases $135,000

Selling expenses            $105,000

Administrative expenses $41,000

Manufacturing overhead

applied to work in process $201,000

Actual manufacturing

overhead costs                  $222,000

Under-applied overhead    $21,000 ($222,000 - $201,000)

5 0
2 years ago
In the adjourning phase of small group development, the members of the group have met their goals and completed their tasks and,
lana66690 [7]

Answer:

The answer is adjourning.

Explanation:

This answer is part of the five stages of group development conceptualized by Bruce Tuckman. These stages are forming, storming, norming, performing, and adjourning. Adjourning is the last stage of group development, which occurs when the team has managed to reach the common goal that is the purpose of the group’s formation in the first place.

4 0
3 years ago
Where is the company most vulnerable, from a communication stand point?
VARVARA [1.3K]

The company is most vulnerable from a communications standpoint, in  public and government relationships.

The company cannot withhold their own business information while giving millions of people access to every other business. Company with strong positive reputations attract better people. They are perceived as providing more value, which often leads them in allowing to charge a premium.

When a company has no real structure it can be vulnerable from a communications stand point because individuals outside that company tend to think that no one within the company is ever on the same page. In return, the company becomes more vulnerable.

Also, a company becomes most vulnerable from a communications standpoint, in public and government relationships. Here the task is to maintain the trust of the public and the government.

Hence, the answer was given and explained above.

To learn more about the public and government relationships here:

brainly.com/question/28101247

#SPJ4

3 0
2 years ago
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