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velikii [3]
3 years ago
11

Sarah invests $2,700 today in an account that pays 6 percent interest compounded annually. She wants to know the total balance i

n her account five years from today. Identify the correct keystrokes to be used in a financial calculator to determine the total balance.
Business
1 answer:
nata0808 [166]3 years ago
3 0

Answer:

In any financial calculator, all Sarah has to do is to determine the value of the interest rate, the number of compounding periods, and the present value of the investment, and plug in these figures in the software.

For this case, the values are:

Interest rate: 6% compounded annually.

Number of compounding periods: 5 years.

Present value of the investment: $2,700.

You might be interested in
Companies usually buy __________ assets. These include both tangible assets such as _______________ and intangible assets such a
seraphim [82]

Answer:

Companies usually buy ____real______ assets. These include both tangible assets such as ___property, plant, and equipment____________ and intangible assets such as ____patents, copyrights, and brands_________. To pay for these assets, they sell ____financial_________ assets such as_____bonds________. The decision about which assets to buy is usually termed the _____investment________ or _____capital budgeting__________ decision. The decision about how to raise the money is usually termed the ____financing_________ decision.

Explanation:

Real assets can be tangible or intangible assets.  They are also known as long-term or fixed assets, given their time horizon before they are fully consumed in production.  Real assets, which possess intrinsic value, can be distinguished from financial assets, which are based on contractual claims or securities, including stocks and debts. In any management role, decisions are made about capital budgeting or investment.  These also require financing decisions to fund the investments.

8 0
3 years ago
How do variable costs per unit behave?(a) they decrease as production increases(b) they decrease as production decreases(c) they
cricket20 [7]

Answer:

The correct answer is option c.

Explanation:

Variable cost is the cost incurred on the variable factors. In the production process, to increase output more variable inputs are hired. So, the total variable cost will increase with an increase in production.

But the variable cost per unit is the variable cost incurred on a single unit of output. This will remain the same throughout the process and change only if there is a change in input prices.

8 0
3 years ago
The market capitalization rate on the stock of Aberdeen Wholesale Company is 10%. Its expected ROE is 12%, and its expected EPS
Shalnov [3]

The Price-earnings ratio of Aberdeen Wholesale Company equals to 14.29.

<h3>What is a P/E ratio?</h3>

Its means the Price-earnings ratio which is used to value a companies by comparing the company's share price to its earnings per share.

<u>Given data</u>

Market capitalization rate = 10%

Expected ROE = 12%

Expected EPS = $5

Plowback ratio is 60%

<h3>What is the Dividend payout ratio?</h3>

= 1 - 0.6

= 0.4

<h3>What is the Expected dividend?</h3>

= 0.4 × $5

= $2

<h3>What is the Growth rate?</h3>

= 0.6 * 12%

= 7.2%

<h3>What is the Firm Value?</h3>

= $2 / (0.10 - 0.072)

= $2 / 0.028

= $71.43

<h3>What is the P/E ratio?</h3>

= $71.43 / $5

= 14.286

= 14.29

Hence, the Price-earnings ratio of Aberdeen Wholesale Company equals to 12.5.

Therefore, the Option D is correct.

Read more about Price earnings ratio

<em>brainly.com/question/14690388</em>

5 0
2 years ago
The Model Company is to begin operations in April. It has budgeted April sales of $30,000, May sales of $34,000, June sales of $
adoni [48]

Answer:

$36,906

Explanation:

The file attached shows a table that explains very well the solution to the problem.

Download docx
5 0
3 years ago
Read 2 more answers
Why do you want to work for the department of finance and administration?
eduard
An individual would likely want to work for the department of finance and administration if the individual is interested in this field in which he or she will likely take on the job of managing finances such as budget, finance reports and as well as accounting, in a way that it will help a company or organization to have someone deal with how the money circulates or managed in the company.
4 0
3 years ago
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