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Mama L [17]
2 years ago
8

A service contract for a video projection system costs $80 a year. You expect to use the system for four years. Instead of buyin

g the service contract, what would be the future value of these annual amounts after four years if you earn 2 percent on your savings
Business
1 answer:
bonufazy [111]2 years ago
5 0

Answer:

The future value at the end of year 4 will be $329.73

Explanation:

This can be found using the following annuity formula:

Future Value = Present Value * Annuity Factor (@2% for 4 Years)

Future Value = $80 * 4.121 =  $329.73

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Lowe's is the second-largest home improvement retailer in the world, with 2,002 stores. During its fiscal year ended in February
34kurt

The financial statement effects template records Lowe's purchases for the fiscal year ended February 28, 2019 as follows:

Transaction        Assets                       =   Liabilities   +   Equity

Purchases          $0       +   $49,569    =   $49,569     +    $0

                          Inventory                         Accounts Payable

The accounts equally affected by the purchases on account are the Inventory and the Accounts Payable.

Data Analysis:

Merchandise Inventory $49,569 Accounts Payable $49,569

Thus, with the purchases of merchandise during the fiscal year at a cost of $49,569, the Assets (inventory) and Liabilities (accounts payable) are increased by the same amount.

Related question on the financial statement effects at brainly.com/question/16362041

4 0
2 years ago
A machine to manufacture fasteners has a setup cost of $1,100 and a unit cost of $0.007 for each fastener manufacture. A new mac
Ludmilka [50]

Answer:

Find the break point. (Round your answer to the nearest whole unit.)

122222 fastener

Explanation:

Cost 1= 1100+0,007x

Cost 2=1650+0,0025x

cost1=cost2

1100+0,007x=1650+0,0025x

0,0045x=650

x=122222 fastener

Cost 1=1100+0,007*122222

Cost 1=1955,55

Cost 2=1650*0,0025*122222

Cost 2=1955,55

4 0
3 years ago
The following information was taken from the records of Easter Corporation for the year ended December 31, 2019. Advertising exp
kirza4 [7]

Answer:

$162,520

Explanation:

As per the given question the solution of retained earnings is provided below:-

To reach at retained earning first we need to find out the total expenses and net income which are as follows:-

Total Expenses = Advertising Expense + Income Tax Expense + Rent Expense + Supplies Expense

= $40,000 + $26,000 + $23,400 + $33,800

= $123,200

now,

Net income = Revenue - Expenses

= $200,000 - $123,200

= $76,800

So, the Retained Earnings as of December 31, 2019 = Retained Earnings of January 1, 2019 + Net Income - Dividend

= $115,720 + $76,800 - $30,000

= $192,520 - $30,000

= $162,520

5 0
3 years ago
The 1-year, 2-year. 3-year,and 4-year risk-free zero rates are 4%, 4.5%, 4.75%, and 5% with continuous compounding. What is the
dybincka [34]

Answer:

5.25%

Explanation:

Mathematically, investing at the 3-year risk-free zero rate should be the same as investing at a 2-year risk-free zero rate and one-year forward rate beginning in two years as shown thus

(1+S3)^3=(1+S2)^2*(1+y2y1)^1

S3=4.75%

S2=4.5%

y2y1=unknown

(1+4.75%)^3=(1+4.5%)^2*(1+y2y1)

1+y2y1=(1+4.75%)^3/(1+4.5%)^2

y2y1=((1+4.75%)^3/(1+4.5%)^2)-1

y2y1=5.25%

6 0
3 years ago
Warren Industries uses a process-costing system for its single product, which is manufactured from Material X and Material Y. X
makvit [3.9K]

Answer:

C. 93,700 77,000

Explanation:

start and complete 77,000

ending work in process 16,700 at 15%

Total units worked during the period: 77,000 + 16,700 = 93,700

For materials X we will count all untis worked during the period as all material X is added at the beginning

For Material Y we count the started and completed untis as the ending units are not above the 75% threshold

Thereforethe correct answer is C 93,700 equialent untis for Material X and 77,000 units of material Y

7 0
3 years ago
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