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bagirrra123 [75]
2 years ago
10

Effie plans to save $100 every six months for the next 5 years. If her account earns 14 percent, compounded semi-annually, how m

uch will be in her account in 5 years?

Business
1 answer:
lina2011 [118]2 years ago
6 0

Answer:

$1,381.64

Explanation:

For this question, we determine the Future value. By applying the future value formula that is shown on the spreadsheet. Kindly find it below:

Data provided

Future value = $0

Rate of interest = 14%  ÷ 2 = 7%

NPER = 5 years ××2 = 10 years

PMT = $100

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after solving this, the future value is $1,381.64

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4 0
2 years ago
Hopkins Co. at the end of 2017, its first year of operations, prepared a reconciliation between pretax financial income and taxa
klemol [59]

Answer:

$1,200,000

Explanation:

Estimated Letigation Expenses      4,000,000.00

Tax Rate                                               30%

Deferred Tax Assets                       1,200,000.00

Estimated Litigation Expenses which is disallowed for tax purposes will be future deductible expenses when we will make the actual payment of the liability. So the Tax liability in the future year will decrease, so we will make the Deferred Tax Assets for this.

Therefore, The deferred tax liability to be recognized is 1,200,000

5 0
3 years ago
 Under Eagle Co.'s job order costing system, manufacturing overhead is applied to Work-in-Process using a predetermined annual
Elina [12.6K]

Answer:

Cost of jobs completed in February=

Direct materials issued to production+

Direct labor costs+

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=(96000+113000+119000)

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3 years ago
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