1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NeX [460]
3 years ago
9

Daphne invests $5,800 in a savings account at the beginning of each of the next fifteen years. If his opportunity cost rate is 6

percent compounded annually, how much will her investment be worth after the last annuity payment is made
Business
1 answer:
bagirrra123 [75]3 years ago
6 0

Answer:

The answer is $135,000

Explanation:

FV = P * ([1 + I]^N - 1 )/I

FV= 5800* ([1 + 0.06]^15 - 1 )/0.06 = $135,000.35= <u>$135,000</u>

You might be interested in
Sally Smith incurred expenses of $800 in June which she paid in July. She declared these expenses on her June income statement.
Nitella [24]

Answer:

Accrual

Explanation:

The accounting principle of accrual means that you should register something when the fact that origins the right for the future payment/collecting occurs. It does not matter if the payment is done later, the fact that made you to pay was already done, so we apply accrual and say we already owe that money that we pay later.

In this example, Sally used the principle of accrual for the things in June that she later paid in July... but her expenses were origined in June, so they apply to June.

6 0
3 years ago
Which type of budget indicates more expenses than income?
Fittoniya [83]

Answer:

a deficit budget

Explanation:

A budget is a plan detailing how an individual, a firm, or a government will spend its anticipated revenue. In short, a budget is a plan of expenditure. Budgets are usually prepared at the beginning of a period to guide the use of available resources.

An ideal situation is when the planned expenditure equal to the expected income. Such a plan is called a balanced budget. However, in some circumstances, the planned expenditure exceeds the projected income. That budget is a deficit budget.

3 0
2 years ago
The director of hr at multimedia corporation is concerned about some stereotyping which has occurred in the work environment. to
alex41 [277]

To combat this stereotyping the HR director has decided​ to<u> "adopt more transparent practices".</u>


Nowadays, pay transparency is an interesting issue among HR and compensation experts. Pay transparency doesn't need to be a win or bust approach where everybody knows every other person's compensation. Or maybe, we trust transparency is a range. It's how much an association will examine its general pay rehearses. Pay transparency is significantly something other than the dollar sum a business pays every worker. It's additionally being more open about how pay was resolved and giving a clarification of the organization's compensation grades.  

4 0
3 years ago
What is a transferable skill ?
ser-zykov [4K]

Answer:

it's 4, a skill you can use in many different situations

8 0
2 years ago
Question 10 plagiarism is committed when a writer takes _____ from another source (internet, textbook, another student's work) a
iris [78.8K]
Another student’s work
4 0
3 years ago
Read 2 more answers
Other questions:
  • When i was fifteen, i asked my mom if i could go visit my cousin, who lived across the country. "if you can [wol] up enough baby
    8·2 answers
  • Carla Vista Company, organized in 2019, has set up a single account for all intangible assets. The following summary discloses t
    5·1 answer
  • It is was that 5% product of a lot are defective, if 8 products are selected randomly, what is the probability of getting lessTh
    9·2 answers
  • Singing Fish Fine Foods has a current annual cash dividend policy of ​$2.502.50. The price of the stock is set to yield a return
    11·1 answer
  • Heidi's Accessories bought 50 necklaces for $10 each on account. The invoice included a 6% sales tax and payment terms of 2/10,
    9·1 answer
  • Manta Ray Company manufactures diving masks with a variable cost of $25. The masks sell for $34. Budgeted fixed manufacturing ov
    14·1 answer
  • After being referred by a friend, Hedyeh attended a job interview. She didn’t feel it went well, but she was surprised when her
    15·1 answer
  • The financial reporting carrying amount of Johns-Hopper Company's only depreciable asset exceeded its tax basis by $750,000 at D
    9·2 answers
  • Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight off
    13·2 answers
  • _______________operate as for-profit or not-for-profit organizations that facilitate, promote, or encourage B2B relationships be
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!