Answer:
PV= $11,889.05
Explanation:
Giving the following information:
Future Value (FV)= $13,000
Number fo periods (n)= 3*2= 6 semesters
Interest rate (i)= 0.03/2= 0.015
<u>To calculate the initial deposit, we need to use the following formula:</u>
PV= FV/(1+i)^n
PV= 13,000 / (1.015^6)
PV= $11,889.05
The beginning period retained earnings, net profit/net loss made during the accounting period, and cash and stock dividends paid during the accounting period. (i may be wrong because there was no picture but i this is right)
Answer:
$8,542,000
Explanation:
Stockholder's equity is computed as seen below;
Common stock and paid in capital
$4,900,000
Retained earnings
$3,900,000
Treasury stock
($258,000)
Total stockholder's equity
$8,542,000
Therefore the shareholder equity basis as of Dec 31 2022 is $8,542,000
Tickets
car crash
n traffic violations
Answer:
It will take 3 years and 263 days to collect $5,700
Explanation:
Giving the following information:
The car cost $5700. You could invest your entire savings of $4000 at an annual interest of 10%.
Based on the Future Value formula we can calculate the required number of years to achieve the objective:
FV= PV*(1+i)^n
Isolating n:
n=[ln(FV/PV)]/ln(1+i)
n= [ln(5,700/4,000)/ln(1+0.10)]
n= 3.72
0.72*365= 263 days
It will take 3 years and 263 days to collect $5,700