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3 years ago

Brenda invested 11,000 into a fund that is expected to grow by 4.75% per year how long will it take the fund to b worth 22000

Business

2 answers:

Zolol [24]3 years ago

5 0

Answer:

15.16 years (about 1 year and 3 months)

Explanation:

The "Rule of 72" is a way to estimate how long it will take an investment to double (in this case from $11,000 to $22,000). To calculate, simply divide 72 by the fixed interest rate to find number of years:

72/4.75 = 15.16 years (rounded)

guapka [62]3 years ago

4 0

The answer to your question is (about 15 year)

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Sandra Sousa, Registered Dietician Trial Balance July 31, 2018 Balance Account Title Debit Credit Cash 33000 Accounts Receivable

kirza4 [7]

Answer:

Requirement 1. Prepare the income statement for the month ended July 31, 2018.

Sandra Sousa, Registered Dietitian

Income Statement

For the Month Ended July 31, 2018

Service Revenue $11,258

Salaries Expense -$1,500

Rent Expense -$1,200

Utilities Expense -$350

Net income $8,208

Requirement 2. Prepare the statement of owners equity for the month ended July 31, 2018.

Sandra Sousa, Registered Dietitian

Statement of Owner's Equity

For the Month Ended July 31, 2018

Sousa, Capital balance July 1, 2018 $22,000

Investment during month $0

Net income $8,208

subtotal $30,208

Withdrawals during the month -$2,000

Sousa, Capital balance July 31, 2018 $28,208

Requirement 3. Prepare the balance sheet &s of July 31, 2018.

Sandra Sousa, Registered Dietitian

Balance Sheet

For the Month Ended July 31, 2018

Assets:

Cash $33,000

Accounts Receivable $9,600

Office Supplies $2,200

Prepaid Insurance $2,800

Equipment $18,000

Total assets $65,600

Liabilities and equity:

Accounts Payable $3,100

Unearned Revenue $292

Notes Payable $34,000

Sousa, Capital $22,000

Retained earnings $6,208

Total liabilities and equity $65,600

Requirement 4. Calculate the debt ratio as of July 31, 2018.

debt ratio = liabilities / assets = $65,600 / $37,392 = 175.44%

debt to equity ratio = liabilities / equity = $37,392 / $28,208 = 132.56%

7 0

3 years ago

A cross-functional work team is having difficulties in operating smoothly, and friction has developed among some of the members.

Ad libitum [116K]

The main problem with this team seems to be centered around differences in the formality of structure.

Cross-functional Work Team

This type of work team happens when individuals or groups of different functions come together to work together towards a common goal. This can either be done by two or more team leads to take the initiative or if there is a certain company project where employees of specific skills are required from different departments to do the job.

Problems with Cross-functional Team

There are certain problems faced when working in cross-functional teams. One of which is time management, where the team must meet up to manage the project and to discuss its further development. In the given question "time orientation" this certainly is not the main problem.

Another important factor is that employee success is based on goals and objectives. In doing so, the individual becomes more focused on their personal goals and loses sight of what is more important to prioritize, which is the company as a whole. Of course, this means that neither the interpersonal nor the goal orientation is the main problem arising between the team.

Finally, when more individuals come together to form a team, there is a chance that there might be dominating personalities in the group. This would cause difficulties among the group unless a leader is determined to manage the team. Now, this is the main problem here, as there is no formality of structure defined. Resulting in the dispute between managers and scientists. To avoid any further dispute formal structure must be laid out and a leader should be appointed amongst them.

Learn more on cross-functional team here: brainly.com/question/1490525

5 0

2 years ago

Given a fixed level of sales and a constant profit margin, an increase in the accounts payable period can result from: an increa

blondinia [14]

an increase in the ending accounts payable balance.

The amount that flows to the accounts payable balance on the business's current period balance sheet is represented by the ending balance in the accounts payable (A/P) roll-forward schedule.

How is the balance of accounts payable determined?

On a company's balance sheet, accounts payable are listed. Given that it is money owing to creditors and appears on the balance sheet under current liabilities, accounts payable is a liability. Current liabilities are a company's short-term debts, usually lasting less than three months.

What Does an Accounts Payable Expense Example Look Like?

Logistics and transport.
Rough Materials
Fuel, power, and energy.
Products and apparatus.
Leasing.
Licensing.
Assembly and subcontracting services

learn more about ending accounts payable balance here brainly.com/question/20713676

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3 0

2 years ago

Which of the following is a characteristic of a competitive market?

myrzilka [38]

A) standardized product I think

6 0

3 years ago

Read 2 more answers

What is the purpose of the BCC option in an email?

Alja [10]

Answer: To send a copy of the message to multiple recipients without revealing the entire list of recipients.

I hope this helped! (:

6 0

3 years ago