Answer:
(a)70 years
(b)23.33 years
(c)8.75 years
Explanation:
According to the Rule of 70, for a given interest rate x, funds double in 
years.
(a)For a savings account earning 1% interest per year,
The number of years it will take the fund to double= 
=70 years
(b)For a U.S. Treasury bond mutual fund earning 3% interest per year.
The number of years it will take the fund to double= 
=23.33 years
(c)For a stock market mutual fund earning 8% interest per year.
The number of years it will take the fund to double= 
=8.75 years
Answer:
The answer is d. 7.45%
Explanation:
B = Current Price of the Bonds $1,280
C = Coupon payment paid out annually $135
CP = Call price $1,050.
T= number of years pending until the call date 5 years
Yield to Call Formula = (C/2) * {(1- ( 1 + YTC/2)^-2t) / (YTC/2)} + (CP/1 + YTC/2)^2t)
$1,280 = ($135/2) * {(1- ( 1 + YTC/2)^-10) / (YTC/2)} +($1,050 /1 + YTC/2)^10) = 7.45%
Accounting software can help with which two of these tasks? B. keeping rack of bills to be sent to customers and D. keeping tract of after-sales services owned to customers. Accounting software is used by many companies so that they can keep track of their bills that need to be paid and how their sales and services are doing. Companies track all money coming in and going out of their office to make sure they are budgeting and distributing funds appropriately.
Answer:
$240,200
Explanation:
The computation of the account receivable amount reported in the balance sheet is given below:
Bad debt expense os
= $900000 × .50%
= $4,500
And,
Allowance for doubtful accounts after adjustment is
= $4,500 + $300
= $4,800
Now
Balance of account receivable is
= $245,000 - $4,800
= $240,200
