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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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In addition to the legislators and the governor, there are others involved in the lawmaking process during both regular and spec

Leona [35]

Answer:

b. the public

Explanation:

When it comes to the legislative process of the government, the "citizens" (the public) play an active and direct role. This gives the public the right to contribute regarding decisions that may have an impact on their lives. It is very important that the government inform its citizens of their rights and responsibilities and the decisions that were made in order to obtain "public awareness."

The direct role of the public may be in the form of consultation, such as asking for their feedback and considering their answers when it comes to the lawmaking process. It is essential that their input in the decision-making process is considered.

So, this explains the answer.

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3 years ago

Which position is responsible for the direct management of all incident-related tactical activities?

LuckyWell [14K]

Option c. Operation Section Chief

- is responsible for the management of all operations directly applicable to the primary mission.
- activates and supervises organization elements in accordance with the Incident Action Plan and directs its execution.
- directs the preparation of Unit operational plans, requests or releases resources.

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3 years ago

A difference between money issued by colonies and money issued by the continental congress was that money issued by each colony

KengaRu [80]

I guess the correct answer is Backed by real wealth

A difference between money issued by colonies and money issued by the Continental Congress was that money issued by each colony was backed by real wealth.

5 0

3 years ago

Luebke Inc. has provided the following data for the month of November. The balance in the Finished Goods inventory account at th

Vlad [161]

Answer:

Adjusted cost of goods sold = = $237,500

Explanation:

Given Opening inventory = $57,000

Cost Of Manufacturing for the month = $214,500

Closing value of inventory = $30,500

Net cost of Goods sold = Opening + Manufactured - Closing

= $57,000 + $214,500 - $30,500 = $241,000

Provided actual manufacturing overhead = $56,500

Applied to Work in process = $60,000

Difference between both of them = $60,000 - $56,500 = $3,500

Over applied cost of goods manufacturing overhead = $3,500

Charged to cost of goods sold

Thus cost of goods sold = $241,000

Adjusted cost of goods sold = Normal - Over applied = $241,000 - $3,500 = $237,500

Over applied manufacturing overhead has already been closed to cost of goods sold, that means that cost is included, now for adjusting such amount the value shall be deducted from cost of goods sold.

Final Answer

Adjusted cost of goods sold = Normal - Over applied = $241,000 - $3,500 = $237,500

6 0

3 years ago

The accounts in the ledger of Dependable Delivery Service contain the following balances on July 31, 2022.

pishuonlain [190]

Answer:

Dependable Delivery Service

Classified balance sheet as at July 31, 2022

Non Current Assets

Equipment $59,360

Total Non Current Assets $59,360

Current Assets

Accounts Receivable $11,400

Prepaid Insurance $1,800

Cash $15,940

Total Current Assets $29,140

Total Assets $88,500

Equity and Liabilities

Equity

Common Stock $40,000

Retained Earnings $8,750

Total Equity $48,750

Liabilities

Non Current Liabilities

Notes Payable, due 2024 $31,450

Total Non Current Liabilities $31,450

Current Liabilities

Accounts Payable $7,400

Salaries and Wages Payable $900

Total Non-Current Liabilities $8,300

Total Liabilities $39,750

Total Equity and Liabilities $88,500

Explanation:

Its very important to calculate the Retained Earnings Balance at the end of July 2020.

To do this, we need to first calculate the Net Income for the period as follows :

Income Statement for the year ended July 31, 2022

Service Revenue 15,500

Less Expenses :

Maintenance and Repairs Expense 1,200

Utilities Expense 950

Insurance Expense 600

Salaries and Wages Expense 8,400 (11,150)

Net Income/(loss) 4,350

Then, calculate the Retained Earnings Balance as follows :

Retained Earnings Calculation

Beginning Balance 5,200

Add Net Income during the period 4,350

Less Dividends (800)

Ending Balance 8,750

6 0

3 years ago