Answer:
Answer A is correct
Explanation:
Step 1 find how much Steve will have when he retires:
financial calculator steps
press g 7 (to set the calculator to assume payments are made at the beginning of the period)
8 i (interest earned)
46 n (periods remaining)
-2500 pmt (payment made into the account each period)
0 PV (starting balance of account)
solve for FV
FV = $1,129,750.38
We can now use this value to solve backwards
8 i
41 n (only 41 more payments here)
0 PV (starting balance)
1,129,750.38 FV (ending value)
solve for pmt
pmt = 3,725.55 ~ 3,726 so answer A
Answer:
The answer is: a startling statistic.
Explanation:
Startling can be defined as causing momentary surprise, astonishment or even fright.
When you use a starling statistic or a startling statement, you will probably grab your audience´s complete attention right away. They are excellent starting points for a presentation.
One of the best examples is Chris Anderson starting a presentation with:
“I'm going to tell you something that might surprise you:
Since the Stone Age, more than half of the deaths of
humankind have been from 1 disease.”
Answer:
Pauls' share in partnership=(131000+91000+111000+171000)*0.15%= $75600
Balance in Caitlin’s capital account immediately after Paul’s admission = 131000-(75600-71000)*30%= $129160
Answer:
Boat is an asset.
Most liquid = $5 bill
Second most = Fund in saving account
Third most = Bond
least liquid = Boat
Liquidity means easily convertible into cash. $5 bill is the most liquid while asset cannot be easily and readily convertible into cash.
Explanation:
Answer:
Option C is correct one.
Interest expense 773
Discount on bonds payable 73
Cash 700
Explanation:
2016 interest expense = initial issue price, which is the 1/1/2014 book value x the market (effective) interest rate
= $9,668 x 08
= $773
Cash interest payment
= maturity value of the bond x the stated interest rate = $10,000 x .07
= $700
Amortization of discount on bonds payable
= interest expense - interest cash payment
= $773 - $700.
= $73
