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SVEN [57.7K]
3 years ago
12

Serena Medavoy will invest $5,890 a year for 17 years in a fund that will earn 12% annual interest. Click here to view factor ta

bles If the first payment into the fund occurs today, what amount will be in the fund in 17 years
Business
1 answer:
Troyanec [42]3 years ago
7 0

Answer:

$287,924.84

Explanation:

We are to calculate the future value of the annuity

The formula for calculating future value = A (B / r)

B = [(1 + r)^n] - 1

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

[(1.12)^17 - 1] / 0.12 = 48.883674

$5,890 x 48.883674 = $287,924.84

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You have just been elected to public office and you have been informed that the government does not have money to pay all of its
slava [35]
<h3>answer:</h3>

not a.

not b.

not c.

it's d.

<h3>explanation:</h3>

Lower tax rates enable firms to invest more – this leads to higher growth and therefore, higher tax revenues

3 0
1 year ago
For 2021, Rahal's Auto Parts estimates bad debt expense at 1% of credit sales. The company reported accounts receivable and an a
ziro4ka [17]

Answer:

$3,860

Explanation:

The balance in the account Allowance for Doubtful Accounts is expected to be the projected amount in receivables of the company that will not be converting to cash.

Therefore to calculate final balance of allowance for doubtful balance

Beginning balance                                                                 2700

Bad debt expense (410000*1%)                                            4100

Less: Written off                                                                   -2940

Ending balance                                                                    3860

So answer is $3,860

4 0
3 years ago
A realtor is trying to predict the value of a home. He has quantitative data available and has evidence that the home price has
nadya68 [22]

Answer:

a. linear regression.

Explanation:

Based on the information provided within the question it can be said that in this scenario the best choice would be a linear regression model. That is because this type of approach deals with seeing to what extent there exists a relationship between two variables. Which in this case would be the quantitative data/prices and the square footage of the home.

6 0
3 years ago
San Ruiz Interiors provides design services to residential and commercial clients. The residential services produce a contributi
Sliva [168]

Answer:

If closed the operating income  will decrease by 50,000

Is a better scenario to continue with the residential sercives

Explanation:

<em><u>current scenario:</u></em>

contribution margin 450,000

Fixed Cost 480,000

net loss 30,000

<em><u>drop scenario:</u></em>

contribution margin = 0

fixed cost 450,000-370,000 = 80,000

net loss (80,000)

8 0
3 years ago
On a supply and demand graph, if the demand curve shifts to the left, what would be the resulting effec
Shtirlitz [24]

Answer:

A).price will fall and quantity will fall

Explanation:

A reduction in demand causes the demand curve to shift to the left. The demand for a good may decrease due to a fall in incomes( assuming a normal good), a rise in the price of a substitute commodity, increases in the price of a compliment product, or changes in customer preferences.

Reduction in demand means a product is less desirable in the market. Its price will fall as sellers try to woe buyers to purchase it. The quantity supplied will also decline as few customers will be willing to buy the product.

5 0
2 years ago
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