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Katarina [22]
3 years ago
15

How much must be deposited at the beginning of each year in an account that pays 4%, compounded annually, so that the account wi

ll contain $36,000 at the end of 9 years? (Round your answer to the nearest cent.)
Business
1 answer:
Alex_Xolod [135]3 years ago
7 0

Answer:

Annual deposit= $3,270.91

Explanation:

Giving the following information:

Deposit= beginning of the year

Interest rate= 4% compounded annually

Final value= $36,000

Number of years= 9

To calculate the annual deposit, we need to use the following formula:

FV=  {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}

A= annual deposit

Isolating A:

A= {(FV*i)/ {[(1+i)^n] - 1]} / (1+i)

A= {(36,000*0.04)/ [(1.04^9)-1]} / 1.04

A= $3,270.91

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On 20/07/2019, "ABC" Company sold goods to customer "X" with a total value of $120.000 The customer pad
shepuryov [24]

Answer:

1) total sales revenue = $120,000

this amount holds regardless of how much money was collected in cash or if an account/note receivable was recorded

2) the company must recognize interest revenue:

principal = $72,000

interest revenue = $72,000 x 10% x 40/360 days = $800

Dr Interest receivable 8000

    Cr Interest revenue 800

4 0
2 years ago
Cassie is going to join a gym because new membership is very cheap. When she gets there, she discovers that there are added cost
siniylev [52]

Available options are:

a. Normative influence

b. Door-in-the-face

c. Foot-in-the-door

d. Lowballing

Answer:

Option D. Lowballing Strategy

Explanation:

Lowballing strategy is when an organization advertises its low cost product or service and doesn't advertises the hidden costs to attract customers. The customer when interacts the company the sales team most likely make sales due to their experience. Such type of marketing products is common in printers whose cost is kept low whereas the tuner price is kept high which helps them to earn profit.

8 0
3 years ago
Which is not a typical job responsibility for a marketing communications manager? A. Creating marketing presentations
Karo-lina-s [1.5K]
D. adding up purchases and accepting payments has nothing to do with marketing managing.
5 0
3 years ago
Workplace diversity describes differences among workers in any of the following areas:
Svetllana [295]

Answer:

religion

race

Explanation:

Diversity in the workplace is a deliberate attempt to incorporate a wide range of different workers. It is an appreciation that each person or group of people is unique and has diverse characteristics.  Workplace diversity results in the organization being accommodative to diverse cultures and different identities.

Workplace diversity embraces race, gender, age, sexual orientation, ethnic groups, religion, sexual orientation, and physical conditions. It also includes other unique differences between people.

4 0
3 years ago
Brilliant Accents Company manufactures and sells three styles of kitchen faucets: Brass, Chrome, and White. Production takes 25,
stepan [7]

Answer:

1. Using the ABC system, for each style of faucet, compute the estimated overhead cost per unit.

Brass = [(30 x $4,900) + (900 x $150)] / 30,000 units = $9.40 per unit

Chrome = [(25 x $4,900) + (1,000 x $150)] / 50,000 units = $5.45 per unit

White = [(40 x $4,900) + (800 x $150)] / 40,000 units = $7.90 per unit

2. Compute the estimated operating profit per unit.

Brass = $40 - $8 - $15 - $9.40 = $7.60

Chrome = $20 - $4 - $3 - $5.45 = $7.55

White = $30 - $8 - $9 - $7.90 = $5.10

Explanation:

cost per setup = $465,500 / 95 = $4,900 per setup hour

cost per inspection = $405,000 / 2,700 = $150 per inspection hour

                                               BRASS      CHROME     WHITE

Projected sales in units        30,000        50,000      40,000

Per unit data: Selling price     $40              $20            $30

Direct materials                        $8                 $4              $8

Direct labor                             $15                 $3              $9

Setup hours                              30                 25             40

Inspection hours                    900             1,000           800

4 0
3 years ago
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