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bonufazy [111]
3 years ago
5

Andrea davis plans to invest $600 into a money market account. find the interest rate that is needed for the money to grow to $1

240 in 14 years if the interest rate is compounded continuously
Business
1 answer:
Anna35 [415]3 years ago
6 0

Answer:

The interest rate is 5.2%

Explanation:

A = Pe^rt

A = $1240

P = $600

t = 14 years

1240 = 600e^14r

e^14r = 1240/600 = 2.067

e^14r = 2.067

14r = ln 2.067

14r = 0.726

r = 0.726/14 = 0.052 = 5.2%

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The following is a December 31, 2021, post-closing trial balance for Almway Corporation.
balandron [24]

Answer:

TOTAL ASSETS $1,043,000

TOTAL LIABILITIES AND SHAREHOLDERS EQUITY $1,043,000

Explanation:

Preparation of a balance sheet for the Almway Corporation at December 31, 2021.

ALMWAY corporation

Balance sheet at December 31,2018

ASSETS

Current Assets

Cash and cash equivalent$47,000

($79,000-$32,000)

Short term investment $97,000

($144,000-$47,000)

Account receivable net of allowances $77,000

Inventories $217,000

Prepaid insurance $5,000

TOTAL CURRENT ASSETS $443,000

INVESTMENT

Marketable securities $47,000

Land held for sale $42,000

Restricted cash $32,000

TOTAL INVESTMENT $121,000

Plant property and equipment

Land $82,000

($124,000-$42,000)

Building $437,000

Accumulated deperation Building ($117,000)

Equipment $127,000

Accumulated deperation Equipment ($77,000)

NET PLANT PROPERTY AND EQUIPMENT $452,000

INTANGIBLE ASSETS

Patents ( net of amortization) $27,000

TOTAL ASSETS $1,043,000

LIABILITIES AND STOCKHOLDERS EQUITY

Current liabilities

Account payable $109,000

Interest payable $37,000

Note payable due in 6 months $47,000

Current maturity of long term debt notes payable $13,400

TOTAL CURRENT LIABILITY $206,400

LONG TERM LIABILITIES

Notes payable $120,600

($181,000-$47,000-$13,400)

Bond payable $257,000

TOTAL LONGTERM LIABILITIES $377,600

SHAREHOLDER EQUITY

Authorised 500,000 shares

Issued and outstanding shares $351,000

Retained earnings $108,000

Total shareholders equity $459,000

TOTAL LIABILITIES AND SHAREHOLDERS EQUITY $1,043,000

6 0
3 years ago
Anderson Corp. began the period with $200 of supplies. During the period, $500 of supplies were purchased. At the end of the per
IgorLugansk [536]

Answer:Amount of supplies used =$400

Explanation:

Beginning balance of supplies   $200

Supplies purchased                     $500

Ending supplies balance on hand    $300

Amount of supplies used = Beginning balance of supplies + Supplies purchased  - Ending supplies balance on hand

= $200 +$500 - $300

= $400 is amount of the adjusting entry to record the amount of supplies used in Anderson Corp.

7 0
3 years ago
what are the consequences of poor management to: employees, customers, suppliers, government, and society?​
Llana [10]

Answer:

Poor management can affect the company's budget, employee turnover and overall profits. Finally, a decrease in productivity and morale are signs employees may be struggling with the leadership being given. If employees have an effective leader their task performance will continue to soar

Explanation:

Hope it helps

7 0
3 years ago
Some federal grants, such as categorical grants, ____________, while others, such as block grants, ____________.
Setler79 [48]
Search on google as this is not possible to answer in typing
6 0
3 years ago
How are prices determined in a free market economy​
professor190 [17]
If it’s free then I don’t think they need to determine the price bc it’s free
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2 years ago
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