Answer:
Mark will have $19,878.70 at the end of six years
Explanation:
Use the following formula to calculate the present value of cash flows
PV = ![A [\frac{1 - (\frac{1+g}{1+r})^n }{r - g} ]](https://tex.z-dn.net/?f=A%20%5B%5Cfrac%7B1%20-%20%28%5Cfrac%7B1%2Bg%7D%7B1%2Br%7D%29%5En%20%7D%7Br%20-%20g%7D%20%5D)
Where
A = Investment = $2,000
g = growth rate = 4%
r = 15%
n = 6
Placing values in the formula
PV = ![2,000 [\frac{1 - (\frac{1+0.06}{1+0.15})^6 }{0.15 - 0.06} ]](https://tex.z-dn.net/?f=2%2C000%20%5B%5Cfrac%7B1%20-%20%28%5Cfrac%7B1%2B0.06%7D%7B1%2B0.15%7D%29%5E6%20%7D%7B0.15%20-%200.06%7D%20%5D)
PV = $8,594.11
Now calculate the future value in order to determine the amount Mark will have at the ned of six years
Future value = 
Where
PV = $8,594.11
r = 15%
n = 6
Placing values in the formula
Future value = 
Future value = $19,878.70
Answer:
Explanation:
Transaction details encompasses all of the details comprises within a single business procedure or unit of work, its main purpose is to brace the performing of day to day operational or structured conclusions.
Answer:
The correct answer is A. Account payable 750 Cash 750.
Explanation:
This problem requires us to tell the accounting entry a business will make when making payment against offices supplies puchased on credit.
When the business has bought it it would have made following entry
Offices supplies debit 750
to payable credit 750
On settlement the business will make entry as mentioned in option A.
Answer:
The opportunity cost of one pair of shoes for the United States is, while the opportunity cost of one pair of shoes for Canada is B. 5 apples; 2 apples
Explanation:
An American worker can make 20 pairs of shoes or grow 100 apples per day. The opportunity cost of 20 pairs of shoes for the United States are 100 apples. The opportunity cost of one pair of shoes for the United States = 100 apples/20 = 5 apples
A Canadian worker can produce 10 pairs of shoes or grow 20 apples per day.
The opportunity cost of 10 pairs of shoes for Canada are 20 apples.
The opportunity cost of one pair of shoes for Canada = 20 apples/10 = 2 apples
Answer:
False
Explanation:
Traditional classrooms still exist.
