Ask question

Ask question

All categories

3 years ago

6

If the future value of an ordinary, six-year annuity is $8,500 and interest rates are 9.5 percent, what’s the future value of th

e same annuity due?

1 answer:

vfiekz [6]3 years ago

3 0

Answer:

The future value of the same annuity due is $9307.50

Explanation:

FVA6 = 8500*(1 + 9.5%)

= $9307.50

Therefore, The future value of the same annuity due is $9307.50

You might be interested in

Huprey Co. is the defendant in the following legal claims. For each of the following separate claims, indicate whether Huprey sh

Triss [41]

1. (a) Record a liability

2. (a) Record a liability

3. (b) Disclose in notes

<h3>What happens if you fail to record a liability?</h3>

Frequently, failing to register a responsibility entails also neglecting to record an expense. Income is decreased by expenses; but, in this case, this wasn't documented so that net income wouldn't be impacted when it should have been. The net income will be overstated as a result.

<h3>On a balance sheet, how do you record liabilities?</h3>

Unearned income or a "payables" account is normally where liabilities are recorded. In most cases, unless they are regarded as contra liabilities, they have a credit balance. As a result of discounting or lowering the amount owed, this kind of liability has a negative balance.

To know more about record a liability visit:

brainly.com/question/14266222

#SPJ4

4 0

8 months ago

Studies indicate that the price elasticity of demand for cigarettes is about 0.4. A government policy aimed at reducing smoking

IrinaVladis [17]

Answer:

(B) 40%

Explanation:

↓Q / ΔPrice = Price-elasicity

The price elasticity is the relationship between a change in price with the quantity demanded of a certain good assuming, other factor remains constant.

ΔPrice = (P0 - P1)/((P0 + P1)/2) = (2 - 6)/((2+6)/2) = 4/4 = 1

We know that price elasticity is 0.4

Now we can solve for the change in the quantity demanded:

↓Q/ 1 = 0.4

↓Q = 0.4 x 1 = 0.40 = 40%

7 0

3 years ago

If your business is not efficient, where will your numbers fall on the Production Possibility Frontier?

Sergeeva-Olga [200]

Answer:

Inside the Production Possibility Frontier.

Explanation:

PPF is a curve that shows the various combination of 2 goods that an economy produces when resources are fixed. Thus, any point or bundle inside the production possibility frontier shows inefficiency in the production while the point on the production possibility frontier shows the efficient production from the available resources. But, the point outside the PPF exhibits a non-achievable point.

8 0

2 years ago

Overton Corporation, a manufacturer of household paints, is preparing annual financial statements at December 31, 2019. Because

Andre45 [30]

Answer:

The answer is "Operating expense of $800,000 and liability of $800,000".

Explanation:

It's obvious from its government that the company must recall any paint cans which have proved health hazardous. Its organization must remember its $800,000 in canned cans. The cost of recall would also be referred to as administration fees since these costs aren't linked to its production of the paints. All operations of the company were performed. It must be held responsible for the calculation of the recalling costs.

5 0

2 years ago

Jamie is about to go to work for Potpourri, a store that sells various bed and bath accessories. Though technically a chain, Pot

Leokris [45]

Answer: A. get along well and share many of the same views, including admiration for the company founder.

Explanation:

The options to the question are:

A. get along well and share many of the same views, including admiration for the company founder.

B. enjoy friendly relations, but differ on many things, including work-related matters.

C. have very little connection to one another.

D. tend to share a lot of opinions, including a dislike for each other.

E. are free spirits, each of them his or her own little island.

From the question, we are informed that Jamie is about to go to work for Potpourri, a store that sells various bed and bath accessories.

We are further told that although technically it's a chain, Potpourri currently has just three stores, all within an hour of each other in the Midwestern United States.

The type of organizational culture Jamie is likely to encounter at Potpourri is one in which employees get along well and share many of the same views, including admiration for the company founder. This is because the stores are few and close to each other.

5 0

3 years ago