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Step2247 [10]
3 years ago
14

David Spear invested $14,000 today in a fund that earns 10% compounded annually. Click here to view factor tables To what amount

will the investment grow in 4 years? To what amount would the investment grow in 4 years if the fund earns 10% annual interest compounded semiannually? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) Investment at 10% annual interest $enter a dollar amount rounded to 0 decimal places Investment at 10% annual interest, compounded semiannually $enter a dollar amount rounded to 0 decimal places eTextbook and Media
Business
1 answer:
docker41 [41]3 years ago
8 0

Answer:

The investment will grow to $20,497 in four years if interest is compounded annually.

On other hand, the investment will grow to $20,684 if interest is compounded at 10% semi-annually

Explanation:

Using compound interest formula below the,the total investment after four years:

A=P(1+r/n)^nt

A=Future value

P=Principal amount invested

n=number of time interest is paid per time period

t=number of time period

First question:

P=$14000

r=10%

n=4 years

t=1 period

A=$14000*(1+0.1)^4

A=$20497.4

Second question

P=$14000

r=10%

n=4years

t=2 times

A=$14000*(1+0.1/2)^4*2

A=$20684.38

In short , the investment grows better if the interest is compounded at 10% semi-annually.

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Answer:

$266.42

Explanation:

$318.59-$52.17=$266.42

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3 years ago
An adaptation of roasting that allows foods to take on a rich, smoky flavor is called
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c. smoke-roasting

Explanation:

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3 years ago
Askew Company uses a periodic inventory system. The June 30, 2018, year-end trial balance for the company contained the followin
Taya2010 [7]

Answer:

Askew Company

1. Cost of goods sold                     $243,000

2. Adjusting Journal Entries:

Debit Cost of Goods Sold $243,000

Debit Purchases discounts $7,000

Credit Freight-in $19,000

Credit Inventory $231,000

To record the cost of goods sold.

Explanation:

a) Data and Calculations:

Account                                       Debit    Credit

Merchandise inventory, 7/1/17 33,000

Sales                                                     390,000

Sales returns                            13,000

Purchases                             250,000

Purchase discounts                                7,000

Purchase returns                                   11,000

Freight-in                                19,000

Merchandise inventory, 7/1/17        $33,000

Purchases                                       250,000

Purchase discounts                           (7,000)

Purchase returns                              (11,000)

Freight-in                                           19,000

Cost of goods available for sale $284,000

June 30, 2018, inventory balance $41,000

Cost of goods sold                     $243,000

Adjusting Entry:

Debit Cost of Goods Sold $243,000

Debit Purchases discounts $7,000

Credit Freight-in $19,000

Credit Inventory $231,000

To record the cost of goods sold.

3 0
3 years ago
The process of identifying and documenting specific and provable flaws in the organization’s information asset environment is ca
True [87]

Answer:

True

Explanation:

VULNERABILITY ASSESSMENT can be said to mean the process or ways in which an organisation information system is been assess and evaluate for any risks, threat or anything that may cause harm and vulnerabilities in the organization’s information system or information asset environment in order to help improve the safeguards , review the security weaknesses thereby making it less harmful and less vulnerable when needed.

7 0
3 years ago
Kitware Corp. produces and sells kitchen wares. Last year, it produced 7,000 can openers and sold each one for $6. To produce th
lana [24]

Answer:

Average variable cost = $4 per can opener

Explanation:

The total cost is a function of the total fixed cost plus the total variable cost. If the total cost to produce 7000 can openers was $45000 and the total fixed cost was $17000, we can calculate the total variable cost to be,

Total variable cost = Total Cost - Total Fixed Cost

Total Variable cost = 45000  -  17000

Total Variable cost = $28000

The average variable cost per unit can be calculated by dividing the total variable cost incurred divided by the total number of units produced.

Average variable cost = 28000 / 7000

Average variable cost = $4 per can opener

7 0
3 years ago
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