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vova2212 [387]
3 years ago
13

Rodney Cashman has been investing $2,000 quarterly for the past 18 years in an equity mutual fund. How much is the fund worth no

w assuming he has earned 11.5% compounded quarterly on his investment?
Business
1 answer:
leva [86]3 years ago
4 0

Answer:

<em>Rodney Cashman's fund is worth $ 465,862.95 after investing for the past 18 years.</em>

Explanation:

Given: Number of periods - 18 years * 4 quarters = 72

Periodic payment - $2,000

Interest Rate - 11.5%

Formula: FV of Annuity= p [(1+ r/m)n-1/ (r/m)]

Where:

P - Periodic Payment

r - interest rate

n - number of periods

m - compounding period

FV of Annuity =$ 465,862.95

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<span> its C  which says One poster displays many types of wartime jobs to show that every citizen should work in some way to help their country</span>
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3 years ago
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The entry to record the issuance of 150 shares of $5 par common stock at par to an attorney in payment of legal fees for organiz
LenKa [72]

Answer: D. Common stock

Explanation:

Common stock refers to the security which represents ownership in a corporation.

The entry to record the issuance of 150 shares of $5 par common stock at par to an attorney in payment of legal fees for organizing a corporation includes a credit to the common stock.

3 0
3 years ago
Which test of a business plan involves proving that a market for the product or service really does exist and that the company c
Vinil7 [7]

Reality test of a business plan involves proving that a market for the product or service really does exist and that the company can produce the product or provide the service at a reasonable​ cost.

<h3><u>Explanation:</u></h3>

An entrepreneur must be successful in the business he starts as he takes ;lot of risks with that. It is very essential for an entrepreneur to create a business plan before taking any forward steps in the business. Performing the reality check will help an entrepreneur to ensure that he is in the right track of the business.

In the reality check, an entrepreneur gets to know about the viability of the market, his own strength and weakness and the financial position for the production of the products. It helps an entrepreneur to know about the demands that exists for his product and how can he produce those products or services as reasonable cost.

5 0
3 years ago
Explain the tax implications of compensation in the form of salary and wages from the perspectives of the employee and employer.
PtichkaEL [24]

Answer:

The overview including its situation becomes discussed below.

Explanation:

  • Representatives provide Form W-4 continue providing recruitment information to another boss. Staff may use the W-4 to track retention mostly during the period as persistence becomes handled as if it has been maintained similarly mostly during the period again for benefits of the imposed fee.
  • Employer's post-tax benefit of wages seems to be the benefit of employment minus the charitable donation of compensation.
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3 0
3 years ago
Evans Ltd. publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $60 in advance for a
Sav [38]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

Total Sales = No. of Subscription Sold × Advance Price of Subscription

= 500 × $60 = $30,000

August Month Received Amount = (No. of Subscriber × Paid Amount) ÷ (1÷12 )

=(350×$60)÷1÷12

= $21,000 ÷ 12

= $1,750

Balance Sheet

Particular     Assets($)   Liabilities($)    Stockholder Equity($)   Income($)

Cash        36,000    

Unearned revenue      36,000  

Earned revenue       -1,800                                              -1,800

Total        36,000      34,200                                             -1,800

Income Statement

Income            Amount ($)                 Expense ($)      Amount ($)

Earned Revenue -1,800  

3 0
3 years ago
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