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
Delicious77 [7]
4 years ago
6

Today, you turn 23. your birthday wish is that you will be a millionaire by your 40th birthday. in an attempt to reach this goal

, you decide to save $50 a day, every day, until you turn 40. you open an investment account and deposit your first $50 today. what rate of return must you earn to achieve your goal?
Business
1 answer:
Degger [83]4 years ago
4 0

dude thats easy all u have to do is multiply 40 and 50


You might be interested in
Mather Company purchased equipment on January 1, 2018 at a total invoice cost of $336,000; additional costs of $6,000 for freigh
Paha777 [63]

Answer:

The accumulated depreciation at 31 December 2019 is $144000

Explanation:

When recording the purchase of a fixed asset, the asset should be recognized at cost at which the asset is purchased plus all the necessary costs that are incurred to bring the asset to the location and in the condition necessary to use as required and intended by the management.

The equipment purchased by Mather should be recorded as,

Cost of equipment = 336000  +  6000  +  30000  =  $372000

The freight and installation are non recurring and necessary expenses to bring the asset to the location and in the condition for use as intended by management. So, these expenses are capitalized.

The straight line depreciation charges a constant depreciation expense every year through out the useful life of the asset.

Straight line depreciation =  (Cost - Salvage Value) / estimated useful life

Straight line depreciation per year = (372000 - 12000) / 5

Straight line depreciation per year = $72000

So, the accumulated depreciation at 31 December 2019 is,

Accumulated depreciation = 72000 + 72000 = $144000

7 0
3 years ago
A share of stock is now selling for $155. It will pay a dividend of $6 per share at the end of the year. Its beta is 1. What mus
Hoochie [10]

Answer:

$180

Explanation:

Expected return E(r) = \frac{(D1+ P1 -P0)}{P0}

D1= Next year's dividend

P1 = Next year's price

P0 = Current price

Since the beta is 1, it means this stock's return = market return = 20%

E(r) = \frac{(6+P1-155)}{155}

0.20 = \frac{P1-149}{155}

Multiply both sides by 155

31 = P1-149

Add 149 on both side s to solve for P1;

31+149 = P1

180 = P1

Therefore, the stock will sell at $180

3 0
3 years ago
Which would be added in the Investing Activities section of the Statement of Cash Flows? Select one: a. Proceeds from Condemnati
Charra [1.4K]

Answer:

  • a. Proceeds from Condemnation of Land
  • c. Cash paid for unexpected major equipment repairs

Explanation:

The Cash Flow statement records only activities that affect the cashflow of the company. The Investing Activity section of the Cashflow statement deals with capital goods (PPE) and investments in other company securities.

The proceeds from land condemnation will go to the Investing activities section as it has to do with capital goods and the cash paid for unexpected major equipment repairs will see the equipment being used in the long term so it goes to Investing as well.

7 0
3 years ago
Service Cost Flows Number the following activities from 1 to 3 in the order corresponding to the typical flow of cost in a CPA f
Goryan [66]

Answer:

following are the answer to this question:

Explanation:

Following are the flows to this question:  

  • It records the consumer project for completion.  
  • It records the time, which the professional staff had operated on such a client project.  
  • It is the document for the office, which overheads the submission.  

It's the conventional flow, which operates after the research, that was ended, and the number of human hours and its cost for the individual customer was established.

8 0
3 years ago
?alan used to follow a libertarian leadership style. he recently decided to become stricter toward productivity targets as a res
mote1985 [20]
This is an example of situations shaping how leaders <span>behave.
Alan used to follow a libertarian leadership style, however, the circumstances have made him change his view and behavior towards his employees. Given that there are many fluctuations in the market, he wants his team to be more productive, which is why he needs to change the way he treats them.
</span>
6 0
4 years ago
Other questions:
  • The R&amp;D division of Piqua Chemical Corp. has just developed a chemical for sterilizing the vicious Brazilian "killer bees" w
    14·1 answer
  • When Joe didn't have health insurance, he acted very cautiously, because he knew he would have to pay for any medical bills he i
    9·1 answer
  • Mcinerney Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of
    12·1 answer
  • Orion Iron Corp. tracks the number of units purchased and sold throughout each year but applies its inventory costing method at
    10·1 answer
  • Which of the following are included in M2?
    14·1 answer
  • Skysong Crusher is a licensed CPA. During the first month of operations of her business (a sole proprietorship), the following e
    9·1 answer
  • On January 1, Year 1. a company issues $100.000 of 8% bonds maturing in 10 years when the market rate of interest is 9%. The bon
    12·1 answer
  • Sally Toone wants to start a new business, and hopes to attract several hundred investors
    9·1 answer
  • Billboard advertising is most effective for __________ advertising.
    10·1 answer
  • Portsmouth Company makes upholstered furniture. Its only variable cost is direct materials. The demand for the company's product
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!