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Amanda [17]
3 years ago
12

Find the present value that will grow to $45,000 if interest is 3.6% compounded monthly for 1 year.

Business
1 answer:
Vaselesa [24]3 years ago
3 0

Answer:

43,411.15

Explanation:

The formula for compound interest is

A = P(1 +I) ^n

From the question,

A = 45,000

P = Unknown

I = 0.036 ÷ 12

n = 1 * 12

Therefore,

45,000 = P(1 +0.036/12) ^1 *12

45,000 = P(1.003)^12

45,000 = 1.0365998P

P = 43,411.15

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Answer:

$42,240

Explanation:

The computation of the balance of the Accumulated Depreciation account at the end of 2019 is as follows;

But before that the depreciation rate is

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Now the accumulated depreciation is

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4 years ago
Which of the following are correct descriptions of large corporations? a) Managers no langer have the incentive to act in their
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Answer:

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<u>c) Shareholders can sell their holdings without disrupting the business.</u>

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The above statements are correct descriptions of large corporations if consider;

1. A corporation is viewed as a legal entity, and so is believed to exist (survive) even if those who manage the corporation are dismissed.

2. Put simply, a shareholder holds some owns certain decision rights of a  corporation, thus, the shareholder can decide to sell their holdings to an interested party. However, the business would not be disrupted, as only the holdings of a particular shareholder were sold, and the new shareholder would normally want the best interest of the company that's why he made the deal.  

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3 years ago
Se the following account balances from the adjusted trial balance of Gees Catering:
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Answer:

The amount that Gees Consulting would report as the ending balance in the R. Gees, Capital account at the end of the year is $8,000

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For computing the ending balance of capital account, first, we have to compute the net income or loss which is shown below:

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8 0
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