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rewona [7]
3 years ago
6

Michael will attend college in 5 years. He anticipates he will need $19,000 to pay for the first year. He currently has $6,400 i

n a savings account.
Without including any interest earned, what is a reasonable estimate of the amount Michael needs to deposit into his savings account each month over the next 5 years to be able to pay for his first year of college?
Business
2 answers:
spin [16.1K]3 years ago
4 0

Answer:

$210

Explanation:

Michael will be attending college in 5 years.

The college will cost $19,000

He has $6400

So he needs = $19,000 - $6400= 12,600.

Michael will need 12,600 in 5 years.

Every month Michael will need to save?

Five years are equivalent  5 x 12 months

= 60 months.

Every month he will save = 12,600 /60

= $210 without considering interest earned.

Annette [7]3 years ago
4 0

Answer:

the answer is 200

Explanation:

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oee [108]

Answer:

1. Form 8-K : A unique or significant happening.

2. Form 10-K: Annual information required by Regulation S-X.

3. Form 8-K: Changes in control of the registrant.

4. Form 10-Q: Interim financial statements.

5. Not required: Fourth quarter income statement.

6. Form 8-K: Bankruptcy.

7. Form 10-K: Annual information required by Regulation S-K.

8. Form 10-Q: Income statement for the current quarter, year-to-date, and comparative periods in the previous year.

9. Not required: Changes in bookkeeping staff.

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Explanation:

The SEC, an acronym for Securities and Exchange Commission was created under the Securities Exchange Act of 1934. The Act empowered the SEC to require registration of securities, security exchanges, and reporting by publicly owned firms.

Some of the forms to be filled as required by the United States of America, Securities and Exchange Commission (SEC) includes;

1. Form 10-K.

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5 0
3 years ago
2. What are the ways of forecasting cost of sales?
solmaris [256]

Answer:

d. all of the choices​

Explanation:

Cost of Goods sold = Cost of material purchased + Conversion cost

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Conversion cost hereby includes Direct labor cost and other production overheads directly attributable to the Goods sold.

So, The correct option is - d. all of the choices​

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Explanation:

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