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meriva
4 years ago
14

If Kelly deposits $10,000 into an account that pays 8 percent interest, compounded annually, and she makes no further deposits o

r withdrawals,
how much will Kelly have in her account at the end of 5 years?
A)$14,000.
B)$14,482.
C)$14,693.
D)$15,000.
Business
1 answer:
avanturin [10]4 years ago
7 0

Answer:

C) $14,693

Explanation:

Compound interest considers the return on investment (or interest) to be reinvested and provides return as well. Future value of principal value considering compound interest can be determined by below formula:

FV = P(1+\frac{r}{n})^{nt}

where

FV = ? is the future value

P = \$10000 is the principal amount invested

r = 8\% is the rate of interest

n= 1 is the number of times interest is compounded within one time period

t = 5 years is the number of time periods

FV = P(1+\frac{r}{n})^{nt}

FV = 10000*(1+\frac{0.08}{1})^{1*5}

FV = \$14693

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Answer:

D. research and content manager

Explanation:

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He also proofread articles as well as develop site content, style and layout.

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4 years ago
At year-end, Chief Company has a balance of $10,000 in accounts receivable, of which $9,000 is within 30 days and $1,000 is over
vlada-n [284]

Answer:

  • What is the amount of bad debt expense?

Bad debt expense $ 90

Explanation:

The initial account balance was

  • Initial Balance  

Accounts Receivable $ 10,000  

Allowance for Uncollectible Accounts  $ 100

The aging of accounts receivable method indicates that the Allowance for Uncollectible Accounts must have a $190 balance.

Acc. Rec  Allow.  

$ 9,000   $ 90 1% 1-30 days

$ 1,000    $ 100 10% more than 30 days

$ 10,000   $ 190  

The journal entry adjustment add up to the balance of Allowance for Uncollectible Accounts to complete the $190 indicated by the aging of accounts receivable method.

Bad debt expense $ 90  

Allowance for Uncollectible Accounts  $ 90

  • So the final balance of accounts are:

Final Balance  

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7 0
4 years ago
HELP ASAP! GIVING BRAINLIEST<br><br> Your policy says you have 50/100/30 coverage.
Fiesta28 [93]

Answer: it is the 2nd, 5th and 6th one.

Explanation:

4 0
3 years ago
Read 2 more answers
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Umnica [9.8K]

Answer:

4.71

Explanation:

Cash coverage is a financial tool to calculate the proportion of available cash to interest expenses. It is useful in that it gives a deeper insight into available cash to offset interest expense and guide towards proper investment of cash.

<u>Workings</u>

Cash coverage ratio = cash + cash equivalent / interest expenses.

To arrive at the cash equivalent , depreciation is added back to the net income

Cash equivalent = 15,585+ 2,525 = 18,110

Interest expenses = 3,846

Cash coverage ratio = 18,110 / 3,846 = 4.71

This seems high and it is advisable that cash should be used for some short term investments to earn other profit

7 0
4 years ago
Vision Tech’s stock price is currently trading at $22 per share. The consensus among analysts is that the intrinsic value of Vis
borishaifa [10]

Answer:

More likely

Explanation:

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