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Reil [10]
3 years ago
9

Boretti has $400,000 in a stock fund. The fund pays a 10% return, compounded annually. If he does not make another deposit into

the account, how long will it take for the account to increase to $2 million?
Business
1 answer:
LenKa [72]3 years ago
6 0

Answer:

it will take 16.89 years for the account to increase to $2 million.

Explanation:

PV = $400,000

FV = $2,000,000

I/Y = 10%

Solving for N in:

FV = PV * (1 + I/Y)N

$2,000,000 = $400,000 * (1.10)N

5 = (1.10)N

N = 16.89 years

Therefore, it will take 16.89 years for the account to increase to $2 million.

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Credit memos are created when a product is returned. Credit memos reduce A/R (accounts receivable) by crediting the account, and
sergeinik [125]

Answer:

Consider the following analysis.

Explanation:

Sales/Deals Returns and Allowances :

Deals returns and remittances is a detail showing up in the wage explanation. At the point when this sum is huge in extent to add up to deals, it shows that a business is experiencing difficulty transporting amazing products to its clients.

The business returns and remittances line thing is displayed as a subtraction from the gross deals line thing, and is proposed to decrease deals by the measure of item comes back from clients and deals stipends allowed. It is followed in the pay proclamation by a net deals line thing, or, in other words that includes the gross deals line thing and the negative sum in the business returns and recompenses line thing.

This detail is the conglomeration of two general record accounts, which are the business returns account and the business recompenses account. Both of these records are contra accounts, which implies that they counterbalance net deals. The normal equalization in these records is a charge, or, in other words of the common credit balance in the gross deals account.

The two records may at times be joined into a solitary record in the general record. This commonly happens when the parities in these records are generally little, so there is no reason for following returns and stipends independently.

The extra stock raised from the business return and stipends must be added back to the stock by following advances and records:

1). On consistent schedule, all stock so raised by deals return and stipends must be reclaimed to the stock by issued stock got back note.

2). At the point when an item is physically returned, it builds stock and reductions related expense of products sold perceived at the season of offer. The accompanying diary passage is made :

Inventory A/c Dr

To Cost of goods sold A/c

(Debit the inventory and Credit the cost of goods sold)

7 0
3 years ago
From 1973 to 1986, growth in the United States economy was over 33 percent, while the percent growth in United States energy con
Ierofanga [76]

Answer: D

Explanation:

We are given a comparison between 'economic growth' and 'growth energy consumption' and told that the first increased and the second did not. We are also told that a certain amount of oil is being saved by energy improvements. As it is difficult to infer a likely answer in 'must or could be true' type questions, we'll go over all of the options, the Alternative approach.

A. We have no information on the relative ease of finding new sources of oil. No

B. We have no information on how to reduce oil imports. No

C. We have no information on what caused energy consumption to remain steady. No

D. This is exactly what happened so is true. This is almost certainly our answer, let's go over (Correct )

E. We have no information on the link between development of energy sources and growth. No

(D) is our answer; note that all other answers explicitly added information not in the original passage. This is what you need to watch out for in these types of questions.

7 0
2 years ago
The following information is available for Department X for the month of August: Work in process, August 1:
Brilliant_brown [7]

Answer:

a. $8.00

Explanation:

The approach we will use to calculate cost per equivalent unit for conversion using weighted average method consists of the following stages:

1st stage: Add beginning (i.e start of August) conversion cost  with conversion costs incurred during August to get total conversion cost

2nd stage: Then divide total conversion cost upon equivalent units of production (units of production for conversion =5300).

Now, lets compute.

Total conversion cost = $15900+$26500

TCC=$42400

Cost per equivalent unit for conversion= $42400÷5300

CPEUC= $8

7 0
2 years ago
The total consumer surplus for good X can be calculated in all ways EXCEPT as:
Oliga [24]

Answer:

B.  the area bounded by the demand curve for X and the two axes

Explanation:

5 0
3 years ago
True or false: apple computer, inc. collected information on the age of their customers. the youngest customer was 12 and the ol
vova2212 [387]
Yeah, a pie chart lets you see which color is larger/bigger. Like more young customers or more older customers.
3 0
3 years ago
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