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4 years ago

When two or more people share an account it is called a joint account. True or false

Business

1 answer:

miskamm [114]4 years ago

5 0

Answer:

true

Explanation:

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g Today, Adam and Eve each have $500,000 in an investment account. No other contributions will be made to their investment accou

Dmitry_Shevchenko [17]

Answer:

17.48

Explanation:

For this question we use the NPER formula that is shown on the attachment. Kindly find it below:

In the first case,

Provided that

Present value = $500,000

Future value = $1,500,000

Rate of interest = 4%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the number of years is 28.01 years

In the second case,

Provided that

Present value = $500,000

Future value = $1,500,000

Rate of interest = 11%

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after solving this, the number of years is 10.53 years

So, the number of years after Eve retires is

= 28.01 years - 10.53 years

= 17.48 years

8 0

3 years ago

Which country consumes the most chocolate per person?

vagabundo [1.1K]

Answer:

switzerland

Explanation:

4 0

3 years ago

The crime prevention strategy used in the movie Minority Report was based on reports of future crimes given to investigators by

ruslelena [56]

Answer:

Actus Reus

Explanation:

Actus Reus is action which constitutes a crime rather than mental state of the criminal. For an accused to charge with crime there should be proof and presence of Actus Reus. In absence of any strong evidence the accused can not be charged with criminal charges.

3 0

3 years ago

How gross profit or loss is computed

Nutka1998 [239]

Answer:

Take your gross sales revenue for the accounting period and subtract discounts, allowances and returns. This gives you net sales. Subtract the cost of goods sold from net sales and you get gross profit. In some cases, this might be a gross loss

5 0

3 years ago

Tax planning Question 6 options: guides investment activities to maximize after-tax returns over the long term for an acceptable

krok68 [10]

Answer:

guides investment activities to maximize after-tax returns over the long term for an acceptable level of risk

Explanation:

Given that the purpose of Tax planning is to ensure that there is tax efficiency for the firm, in an after-tax evaluation, the goal of the firm in terms of returns or profits is toll achieved.

Hence, in this case, the correct answer to the question is that TAX PLANNING "guides investment activities to maximize after-tax returns over the long term for an acceptable level of risk."

8 0

3 years ago