Answer:
$7,000 gift will be worth $19,922 after 17 years ( or 68 quarters) given the discount rate is 6.2% compounded quarterly.
Explanation:
The worth of $7,000 nowadays after 17 years is equal to its future value compounded for the time of 17 years or 68 quarters.
As the discounted rate is 6.2% compounded quarterly, we have:
Compounding period = 17 x 4 = 68; Interest rate = 6.2%/4 = 1.55%.
Apply the formula for future value to determine the value of $7,000 in 17 years as: 7,000 x (1+1.55%) ^68 = $19,922.
Thus, the answer is $19,922.
Answer:
expressing thanks for a gift, sending thanks for a favor, extending thanks for hospitality, and recognizing employees for their contribution, to answer a congratulatory note.
Answer:
Net cash from investing activities (40,000)
Explanation:
<em>The investing activities are those that pertain to the purchase and sales of non-current assets and marketable securities.</em>
<em>Example of such includes the sales and purchase of property plant an equipment. Therefore, the only item to be considered here is the purchase of equipment.</em>
$
Investing activities
Equipment purchase <u>(40,000)</u>
Net cash from investing activities (40,000)
Answer:
d) Materiality
Explanation:
Materiality is defined as the impact of the omission of trivial matters that are important to the report audience. In the question given this materiality is the reason why the company's independent accountants did not protest.
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Aggregate demand is the sum of five different sectors of economy namely consumption of consumer spending, investment, government spending, imports, and exports. For an increase of imports of foreign automobiles, the determinant that causes the change is the consumption or consumer spending.