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olasank [31]
4 years ago
14

Your coin collection contains fifty-four 1941 silver dollars. Your grandparents purchased them for their face value when they we

re new. These coins have appreciated at a 10 percent annual rate. How much will your collection be worth when you retire in 2060?
A. $3,611,008
B. $4,421,008
C. $3,987,456
D. $4,122,394
E. $4,551,172
Business
1 answer:
s344n2d4d5 [400]4 years ago
6 0

Answer:

The correct answer is 3.

Explanation:

Giving the following information:

Your coin collection contains fifty-four 1941 silver dollars. These coins have appreciated at a 10 percent annual rate.

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

i= 0.10

PV= 54

n= 2060 - 1942= 119

FV= 54*1.10^119= 4,551,172.47

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Stuart Company

<h3>Statement of Cash Flows</h3>

For the year ended December 31, 2021,        $'000

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Depreciation                                                      1,900

Other Adjustments                                            (800)

Increase in Accounts Payable                           600

Decrease in Accounts Receivable                    900

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Net Cash Flow from Operating Activities $8,000

2. The Net Cash Flow from Operating Activities for Stuart Company for 2021 is <u>$8 million</u>.

<h3>What are operating activities' cash flows?</h3>

The cash flows from the operating activities section affect revenues and expenses.

They indicate the cash flows that originate from the regular business activities of the entity.

To prepare the statement of cash flows, the first items to adjust the net income are the non-cash expenses and losses and revenues and gains.

Learn more about the operating activities section at brainly.com/question/25530656

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8 0
2 years ago
Budgeted sales in Acer Corporation over the next four months are given below: Budgeted sales September October November December
AlekseyPX

Answer:

$161,400

Explanation:

<u>Cash collection calculation</u>

December cash sales ($160,000*30%) = $48,000  

<u>Credit sales</u>

December: (160000*70%*50%) =              $56,000

November: (180000*70%*30%) =              $37,800

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Total cash collections                                <u>$161,400</u>

7 0
3 years ago
John invested $12,000 in the stock of Hyper Cyber. Eight years later, Hyper Cyber's shares reached $125,000, but John held onto
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Answer:

B. $12,000 is a sunk cost

Explanation:

By considering the given information, the cost that is correct is a sunk cost for $12,000

The sunk cost is the cost already incurred and will not be retrieved in the future. Plus, it's also termed a past cost.  

It is a useless cost and it can be avoided also.  

It is that cost that is not considered at the time of decisions making.

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5 0
3 years ago
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Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 5 bars and the price is Rs.600 per ba
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4 0
3 years ago
Use your knowledge of the common wind types to complete the blanks in the sentences below.
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Answer:

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c). A <u>sea breeze</u> is the result of the air over land heating, expanding, and rising, thereby creating a low-pressure area into which cooler air from over the ocean can move.

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Explanation:

The given blanks have correctly been filled with terms matching the definitions provided. 'Chinook' is described as the descending warm, dry wind on the eastern side of the Rocky Mountains that generally blow from the southwest and can rapidly increase the temperature due to the much warmer air it brings. While country winds are the light winds that blow towards the city from surrounding countries. Sea breezes are defined as the air blowing off the sea on the nearby land and make the area cooler. Valley breeze is the warm air that blows up towards the slopes.

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