Given that $4800 is invested at the rate of 10.8% in 20 years, the future value of the money will be:
A=P(1+r/100)^n
where:
A=future amount
P=principle=$4800
r=rate=10.8%
n=time=20 years;
Thus
A=4800(1+10.8/100)^20
A=$4800(1.108)^20
A=$37,328.15
Thus the amount after 20 years will be $37,328.15
Answer:
Total contribution margin= $76,328
Explanation:
<u>First, we need to calculate the unitary contribution margin:</u>
Unitary contribution margin= 64,960 / 4,000
Unitary contribution margin= $16.24
<u>Now, the total contribution margin for 4,700 units:</u>
Total contribution margin= 16.24*4,700
Total contribution margin= $76,328
Answer:
The translation adjustment is a function of the foreign subsidiary's net assets.
Answer:
Explanation:
The accounting equation is presented below:
Particulars Assets = Liabilities = Stockholders equity
Cash Supplies Account payable Retained earnings
1. Service
Performed $20,000 $20,000
2. Supplies
Purchased $4,000 $4,000
3. Supplies
Used -$3,000 -$3,000
Total $20,000 $1,000 $4,000 $17,000
Answer:
Correct option is (c)
Explanation:
Given:
YTM (yield to maturity) (Rate) = 12%
Coupon rate = 11%
Face value = $1,000,000
Coupon payment (pmt) = 0.11 × 1,000,000 = $110,000
Time period (nper) = 10 years
Selling price of the bond is the present value of the bond which can be computed using spreadsheet function =PV(rate,nper,pmt,FV)
=PV(0.12,10,110000,1000000)
Present value of bond is $943,498 which is close to option (c)
