What is another name for intermediaries? Name two types of intermediaries. Name five non-store retailing methods.

Jarvis wants to invest equal semiannual payments in order to have $10,000 at the end of 20 years. Assuming that Jarvis will earn

SSSSS [86.1K]

Answer:

$10,000 divided by the future amount of an ordinary annuity of 40 payments of $1 each at an interest rate of 3% per period.

Explanation:

given data

semiannual payments = $10,000

time period = 20 year

annual rate = 6%

solution

The question has future value because it calculates the periodic amount of the annual amount that must be invested to produce the given amount in the future.

Accordingly, the appropriate factor showing the effect of compound interest is derived from the formula for the future value of the common annuity of $1

This factor multiplied by the periodic payment is equal to the future amount. If the payment is unknown, the future amount of the regular annuity formula can be calculated by dividing the future amount ($ 10,000) by the appropriate factor obtained.

when payment is made semiannually for 20 years,

then 40 compounding period is involved.

If the interest rate is 6% the semiannual interest rate is 3%.

3 0

4 years ago

Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to

Vlada [557]

Answer:

See explanation Section

Explanation:

Adjusting Entries

Req. A, B

A. Since the partial amount of insurance policy has been expired-

Debit Insurance Expense $3,203

Credit Prepaid Insurance $3,203

An expense will be appeared and the current assets will be decreased.

B. Debit Teaching supplies Expense $7,528

Credit Teaching supplies $7,528

As the company has $2,776 supplies available from $10,304, teaching supplies expense will appear as $7,528 = (10,304 - 2,776)

Req. C, D, and E

C. Debit Depreciation expense-equipment $12,814

Credit Accumulated depreciation-equipment $12,814

D. Debit Depreciation expense-professional library $6,407

Credit Accumulated depreciation-professional library $6,407

E. Debit Unearned revenue $5,600

Credit Service revenue $5,600

Note: Monthly fee of $2,800 from November to December. Therefore, 2 months fee = $2,800*2 = $5,600 has been earned.

Req. F, G and H

F. Debit Accounts receivable $8,750

Credit Service revenue $8,750

Note: As WTI has not yet received any payment from October 15 to December 31, there will be 2 and a half months bill due. Each month = 3,500. Therefore, 2 months = $7,000, and a half-month = $(3,500 ÷ 2) = $1,750. Total receivable = $7,000 + $1,750 = $8,750.

G. Debit Salaries expense $400

Credit Salaries payable $400

Note: As there are two employees and two days salary have been accured, total salaries payable = $100 per day × 2 employees × 2 days = $400

H. Debit Rent Expense $2,062

Credit Prepaid rent $2,062

7 0

4 years ago

assume bell computer company operates in a perfectly competitive market producing 5,000 computers per day. at this output level,

Agata [3.3K]

In a perfectly competitive market bell computers will cause profits to increase by producing one more.

A hypothetical market system is referred to as perfect competition. Perfect competition offers a valuable model for illustrating how supply and demand influence pricing and behaviour in a market economy, despite perfect competition seldom occurring in actual markets.

One of the most efficiently operating markets is one with perfect competition, when a large number of buyers and suppliers cooperate perfectly. Sadly, it is a hypothetical event that does not occur in the real world. But in order to guarantee a fair price for all goods and services, markets should strive to be as similar to this type of market as feasible.

Learn more about perfectly competitive market here:

brainly.com/question/13961518

#SPJ4

6 0

1 year ago

Organized activities by consumers, businesses, and government agencies working together to achieve common goals is called _[blan

Dovator [93]

It's called consumerism

8 0

4 years ago

Fill in the gaps using second conditional. /2

zavuch27 [327]

Answer:

knew

were

had

understood

6 0

3 years ago