The present value of his investment is $113501.94.
What is investment?
An investment is a valuable item bought with the intention of increasing one's wealth. While stocks, bonds, and real estate are frequently included when discussing investments.
Present Value of an Annuity Due is equal to C + C*[1-(1+i)^-(n-1)]/i]
C = Periodic Cash Flow ($624)
i = interest rate per period =4.2%/12 =0.35%
n=number of period=24×12 =288
= $624+624[1-(1+0.0035)^-(288-1) /0.0035]
= $624+624[1-(1.0035)^-287 /0.0035]
= $624+624[(0.6331)] /0.0035
= $113501.94
As a result, $113501.94 is the correct answer.
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Answer: D. The date of declaration establishes the increase to liabilities.
Explanation:
The statement that best represents the relationship that exist between the date of declaration, the date of record and ex-dividend date, and the date of payment for a cash dividend is that the date of declaration helps in establishing the increase to liabilities.
On the declaration date, it should be noted that the board of directors will declares that the shareholders will be paid dividend on a specific future date. Then, the corporation will then becomes legally liable for the payment of the dividend on the declaration date.
Answer:
The firm is generating fewer cents of operating profits for every $1.00 of assets, compared to that earned by the peer group is the correct answer.
Explanation:
The assertion is untrue. According to the 80/20 rule, even in times of limited resources, a company should make all efforts to produce 100% of its potential result on a particular topic.
<h3>What is implied by the 80/20 rule?</h3>
According to the Pareto principle, 20% of causes account for about 80% of the consequences for many outcomes. In other words, only a small proportion of causes result in disproportionate effects. Understanding this idea is crucial because it will enable you to decide which projects to prioritize in order to have the biggest impact.
The Pareto Principle in business describes how only 20% of a company's customers typically account for 80% of its revenue. Business owners who follow the 80/20 rule are aware that concentrating their marketing efforts on the top 20 percent will yield the best results.
One of the best ideas for time and life management is the 80/20 rule. This guideline, also referred to as the Pareto Principle, states that 80% of your results will be accounted for by 20% of your actions.
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Answer:
<u>Closing Entries Dated 31, 2016</u>
Dr. Cr.
Closing Income Accounts
Service revenue $186,100
Interest revenue $90,300
Income Summary $276,400
Closing Expense Accounts
Income Summary $153,400
Supplies Expense $96,900
Advertising expenses $18,200
Salaries and wages $21,000
Income tax expense $17,300
Closing Income Summary Account
Income Summary $123,000
Retained Earning $123,000
Closing Dividend Account
Retained Earning $7,800
Dividend $7,800
Explanation:
All the Income and Expenses accounts are closed to Income summary account. The net balance of income summary account is transferred to retained earning account. The dividend balance is also transferred to retained earning account to close it. Ultimately all the balances are netted off in retained earning account.