Ask question

Ask question

All categories

3 years ago

15

Suppose you deposit $2,500 at the end of year 1, nothing at the end of year 2, $750 at the end of year 3, and $1,300 at the end

of year 4. Assuming that these amounts will be compounded at an annual rate of 9 percent, how much will you have on deposit at the end of five years?

1 answer:

pantera1 [17]3 years ago

4 0

Answer:212121212212121212ggthdfb b bgf bv f fsbggrb

2121211212122121212121212

Explanation:

21

You might be interested in

Your latest shipment of chicken has some items with usda stickers and some items with usda grade stamps. what is the difference

Ket [755]

USDA actually has several stickers/labels/stamps that could have different meanings. However, the sticker most likely indicates that the chicken has passed for inspection while the grading stamp means that the poultry processor also requested to have the quality of the chicken evaluated and graded.

The USDA has separate programs for the inspection and for the grading of meet. The former is mandatory and guarantees the wholesomeness of the meat. This means that the animal from which the meat was taken from is not diseased and that the meat is clean and fit for human consumption. Inspection programs are paid for by public funds.

However, USDA also has a grading program, which is paid for by the meat processors. The grading program checks and classifies the meat according to its quality (e.g. flavor, juiciness, and tenderness). Poultry with a Grade A poultry for example is one which does not have "defects" such as feathers, discoloration and bruising.

5 0

3 years ago

Read 2 more answers

Madeline quits her job, at which she was earning $20,000 per year. She then takes $50,000 out of savings, on which she was earni

Alenkinab [10]

Answer:

A. Madeline's accounting cost is $75,000

B. Madeline's economic cost is $100,000

C. Madeline's accounting profit is $75,000

D. Madeline's economic profit is is $50,000

Explanation:

A. To calculate Madeline's accounting cost we would have to make the following calculation:

Madeline's accounting cost=cost of supplies+rent+labour costs

Madeline's accounting cost=$50,000+$10,000+$15,000

Madeline's accounting cost=$75,000

B. To calculate Madeline's economic cost we would have to make the following calculation:

Madeline's economic cost=explicit cost+implicit cost

=$75,000+opportunity cost

=$75,000+0.10*$50,000+earning job

=$75,000+$5,000+$20,000

=$100,000

C. To calculate Madeline's accounting profit we would have to make the following calculation:

Madeline's accounting profit=revenue-accounting cost

=$150,000-$75,000

=$75,000

D. To calculate Madeline's economic profit we would have to make the following calculation:

Madeline's economic profit=revenue-economic profits

=$150,000-$100,000

=$50,000

6 0

3 years ago

Sheridan Company had these transactions pertaining to stock investments: Feb. 1 Purchased 2160 shares of Ayayai Company (10%) fo

SCORPION-xisa [38]

Answer: debit to Stock Investments for $55,080.

Explanation:

As this is an investment in another company, it will count as an asset which means that when it increases, the account will have to be debited. It will therefore be debited for $55,080 to show the investment.

Cash will decrease by the same amount which means that it will have to be credited because assets are credited when they decrease.

Dr Stock Investments $55,080

Cr Cash $55,080

6 0

2 years ago

Buggy Wars Two friends and neighbours arrange to go into business together and then become bitter rivals: This is the story of B

fiasKO [112]

The correct answer to this open question is the following.

Unfortunately, the question is incomplete. Indeed, there is no question at all, just a series of statements.

What we can do is to comment on this case.

We are talking about the story of Bob Bell and Michael Sharpe.

Royalties were the main reason for this dispute. Bob Bell was the engineer that invented the bicycle trailer. Michale Sharpe would focus on Marketing the product due to his experience with computers and sales. Sharpe wanted both to share the financial risks but Bell considered it hos invention and wanted more royalties. Things went in the wrong direction, the situation got worse and they both hired lawyers in Toronto, Canada.

After disputes and legal actions, Bell won the case and he could expanse his business nationwide and signed an agreement with a Chinese company to sell the product. On the other hand, Sharpe made a 180-degree turn and started a fitness business.

6 0

3 years ago

Pretax accounting income for the year ended December 31, 2021, was $42 million for Truffles Company. Truffles' taxable income wa

Zielflug [23.3K]

Answer:

$13million

Explanation:

7 0

3 years ago

Read 2 more answers