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denis-greek [22]
4 years ago
15

Jack and Tracy would like to have $10,000 for a down payment on a new condo. A savings account at their local credit union will

pay 2% per year compounded monthly. How much should they deposit now in this account to have the down payment in 3 years
Business
1 answer:
lianna [129]4 years ago
5 0

Answer:

They should deposit $4,9,02 in the account.

Explanation:

Present value is the value of future cash flow in present term. The amount received in future have more value today than in future because of opportunity of reinvestment of cash flow.

Number of periods = 3 x 12 = 36 months

Present value = Future value  / ( 1 + r )^n

Present value = $10,000  / ( 1 + 0.02 )^36

Present value = $10,000   / 2.04

Present value = $4,902.23 = $4,902

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A bagel shop sells fresh baked bagels from 5 a.m. until 7 p.m. every day. The shop does not sell day-old bagels, so all unsold b
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Answer:

which of the following alternatives is most attractive?

Explanation:

Lower the price of the remaining bagels, even if the price falls below $1.00 per dozen.

It can be the improvement in order to recover the bagels cost without having to throw them away

5 0
3 years ago
A firm that engages in foreign direct investment (fdi) in other countries is called a(n):_________
Arada [10]

A firm that engages in foreign direct investment (fdi) in other countries is called an international business.

<h3><u>What is foreign direct investments?</u></h3>
  • An entity based in another nation makes an investment in the form of controlling ownership in a company in another country. This investment is known as a foreign direct investment (FDI).
  • Thus, the idea of direct control sets it apart from a foreign portfolio investment.
  • The investment can be done "inorganically" by purchasing a company in the target country or "organically" by expanding the operations of an already-existing business in that nation.
  • The origin of the investment has no bearing on whether it qualifies as an FDI.

In general, "mergers and acquisitions, building new facilities, reinvesting earnings obtained from overseas operations, and intra company loans" are considered to be foreign direct investments.

Know more about foreign direct investments with the help of the given link:

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4 0
1 year ago
A company has two different products that are sold in different markets. Financial data are as​ follows: Product A Product B Tot
svet-max [94.6K]

Answer:

Effect on income= $400 increase

Explanation:

Giving the following information:

Product A Product B Total

Revenue $ 9,400

Variable cost ​(9,800​)

Fixed cost​ (allocated) ​(2,100​)

Operating income​ (loss) $(2,500​)

Effect on income= operating income - fixed costs

Effect on income= -2,500 + 2,500= 400 increase

3 0
4 years ago
A journal entry for a payment for rent expense was posted as a debit to Salaries Expense and a credit to Cash. Which of the foll
LiRa [457]

Answer:

A). The sum of the credits will equal the sum of the debits.

Explanation:

journal entry journal entry can be regarded as record of the business transactions which is made in a accountingbooks of a business.

journal entry that is documented properly will contains correct date as well as amounts to be debited and description of the transaction, it contain amount to be credited as well as a unique reference number.Note that "There is equal amount of credit as well as debit in a journal entry"

Trial balance can be regarded as report that give lists of balances of all general ledger accounts in a firm at a particular point in time, there is compilation of all ledger balance into debit as well as credit account column totals. As rule in trial balance, the total of the debit balances as well as credit balances that is been extracted from the ledger must tally with each other.

7 0
3 years ago
Selected accounts with some amounts omitted are as follows: Work in Process Oct. 1 Balance 24,500 Oct. 31 Goods finished X 31 Di
german

Answer:

See below

Explanation:

Given the above, we will use the below to get the factory overhead

Ending finished goods = Opening balance + Direct materials + Direct labor + Factory overhead - Goods finished during the month

Fixing the values, we will have

= $14,600 + $91,700 + $186,600 + Factory overhead -

5 0
3 years ago
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