The accountant have upon retirement $336,509.63
What is the future value of an annuity?
The accumulated balance in the accountant's retirement account upon retirement is the future value of $6,000 invested for 3 years earning 4% annual rate of return using the future value formula of an ordinary annuity as shown below:
FV=PMT*(1+t)^N-1/r
FV=accumulated balance after 30 years=unknown
PMT=annual investment=$6,000
r=rate of return=4%
N=number of annual investments in 30 years=30
FV=$6000*(1+4%)^30-1/4%
FV=$336,509.63
Find out more about future value on:brainly.com/question/20910838
#SPJ1
An extended warranty, known as a service contract, is a type of insurance contract for the product you buy. It's usually provided by the merchant at the time of purchase.
<h3>What is the idea of an extended warranty?</h3>
Extended warranties are plans that extend the manufacturer's warranty duration on consumer durable items beyond the manufacturer's offer. It pays for the cost of replacing or repairing the product if it is damaged as a result of a manufacturing flaw or shoddy workmanship.
- The explicit warranty,
- implicit warranty,
- extended warranty, and
special warranty deeds are the four most frequent forms of warranties.
As a result, in the preceding scenario, the vendor is attempting to add value to the product by insuring it under an extended warranty coverage.
Learn more about extended warranty:
brainly.com/question/27241092
#SPJ1
Answer:
the one share value at today is $6.63
Explanation:
The computation of the one share value at today is shown below:
Price is
= (Dividend at the year 1) ÷ (1 + required rate of return)^1 + (Dividend at the year 2) ÷ (1 + required rate of return)^2
= ($0.75) ÷ (1 + 0.17)^1 + ($8.20) ÷ (1 + 0.17)^2
= 0.641025641 + 5.990211118
= $6.631236759
hence, the one share value at today is $6.63
Answer:
1. T
2. T
3. F
4. T
5. T
Explanation:
Cost of equipment usually contains the cost in acquiring the equipment and the cost accumulated in putting the equipment into work( such include installation and an repairs done during that).
Sale tax is a part of acquisition cost.
item are usually capitalized when it is recorded as an asset, instead of an expense. What this shows is that expenditure would be in the balance sheet, instead on the income statement.
