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siniylev [52]
3 years ago
7

Jason Allen is planning to invest $26,000 today in a mutual fund that will provide a return of 11 percent each year. What will b

e the value of the investment in 10 years?
Business
1 answer:
Troyanec [42]3 years ago
8 0

Answer:

Value of investment after 10 years will be $738244

Explanation:

We have given that Jason Allen is planning to invest $26000 today in mutual fund

So present value P = $26000

Rate of interest r = 11 %

Time period n = 10 years

We have to find the amount after 10 years

We know that amount is given by

A=P(1+\frac{r}{100})^n, here A is future value , P is present value r is rate of interest and n is time period

So amount after 10 year will be A=26000\times (1+\frac{11}{100})^{10}

=26000\times 1.11^{10}

=260000\times 2.8394=738244

So value of investment after 10 years will be $738244

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how does the income statement prepared for a company that sells goods (merchandiser) differ from that prepared for a service bus
Ulleksa [173]

The existence of inventory distinguishes a merchandising firm from a service-based one as their main distinction. Unlike service-based firms, which do not sell things to customers, retail enterprises do. This distinction must be reflected in the financial statements of the companies, including the income statements.

A company that buys products and then exchanges them, typically at a higher cost than they were bought, is known as a merchant.

A service enterprise is an organization that uses volunteers and their skills to further its social mission in a broad sense. It doesn't just recruit volunteers; it works with a volunteerism culture.

A company that buys products and then exchanges them, typically at a higher cost than they were bought, is known as a merchant.

A service enterprise is an organization that uses volunteers and their skills to further its social mission in a broad sense. It doesn't just recruit volunteers; it works with a volunteerism culture.

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5 0
1 year ago
Qualified Retirement plans must provide a written Investment Policy Statement. Under ERISA interpretations, all of the following
mariarad [96]

Answer:

D: a list of the actual securities in the portfolio

Explanation:

Under Employee Retirement Income Security Act of 1974 (ERISA) interpretations, the details of risk, time horizon, target asset mix, investment goals and objectives, and guidelines for review are among the items which must be disclosed in the statement. A list of the specific investments in the plan is not a required disclosure.

7 0
3 years ago
Fierce is a product of the Ferris Company. Ferris's sales forecast for Fierce is 1,150 units, and they currently have 186 units
AURORKA [14]

Answer:

1,079 units

Explanation:

Fierce company forecast sales = 1150 units

Let this 1150 units be = 100%

Chester wanting to make a surplus of 10% means the total production will be = 110%

So, lets consider 1150 units as 100%

Then, 110% will be = (1150 units/100)*110 = 1265. So, Fierce fulfillment before Adjustment is 1,265 units

Fierce fulfillment after adjustment = 1,265 units - 186 units = 1,079 units

So, Fierce's Fulfillment after adjustment have to be 1,079 units in order to have a 10% reserve of units available for sale.

7 0
2 years ago
The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does no
Sunny_sXe [5.5K]

<u>Answer:</u>

  • BEP = EBIT / Total Assets

BEP = $2,451 / $43,000 = 0.057

  • Profit Margin = Net Profit / Sales

Profit Margin = $990 / $51,600 = 0.0192

  • Operating Margin = Operating Profit / Sales

Operating Margin = $2,451 / $51,600 = 0.0475

  • Dividends per share = Dividend paid to Shareholders / Number of shares outstanding

Dividends per share = $346.67 / $500 = 0.69334

  • EPS = Net Income available to Shareholders / Number of shares outstanding

EPS = $990 / $500 = $1.98

  • P/E ratio = Market price per share / EPS

P/E ratio = $23.7 / 1.98 = 11.97

  • Book value per share = Shareholders Equity / Shares outstanding

Book value per share = $15,265 / $500 = $30.53

  • Market-to-book ratio = Market Value per share / Book value per share

Market-to-book ratio = $23.7 / S30.53 = 0.7763

  • Equity Multiplier = Total Assets / Shareholders Equity

Equity Multiplier = $43,000 / $15,265 = 2.82

5 0
3 years ago
In the theory of consumer choice, when a person is choosing which good or service to consume, how does he or she select the unit
salantis [7]

Explanation:

The consumer choice theory corresponds to the variables that lead a consumer to consume a product or service instead of another.

The purchase decision-making process consists of several stages where the consumer identifies a need, searches for available options to satisfy that need and finally, evaluates and chooses the most appropriate purchase option.

This decision is linked to the benefits that the consumer will have with the product in relation to his budget.

7 0
3 years ago
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