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kumpel [21]
3 years ago
7

Isaac only has $1,090 today but needs $1,979 to buy a new computer. How long will he have to wait to buy the computer if he earn

s 5.4 percent compounded annually on his savings? Assume the price of the computer remains constant. 11.83 years

Business
2 answers:
o-na [289]3 years ago
7 0

Answer:

It will take 11 years and 124 days.

Explanation:

Giving the following information:

Isaac only has $1,090 today but needs $1,979 to buy a new computer. Interest rate= 5.4 percent compounded annually

To calculate the number of years, we need to use an alternative formula of the future value formula.:

FV= PV*(1+i)^n

Isolating n:

n=[ln(FV/PV)]/ln(1+r)

n= [ln(1,979/1,090)] / ln(1.054)

n= 11.34 years

<u>To be more accurate:</u>

0.34*365= 124

It will take 11 years and 124 days.

Sidana [21]3 years ago
7 0

Answer: Isaac will have to wait for 11.34 years for the money to grow to that amount

Explanation:

Please, kindly see the attached for more explanation

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arsen [322]

Answer:

$394 U

Explanation:

Calculation for the activity variance for vehicle operating cost in February would be

First step is to calculate the Flexible budget

Flexible budget= $1,880 + ($394 × 14)

Flexible budget=$7,396

Second step is to calculate the Planning budget

Planning budget= $1,880 + ($394 × 13)

Planning budget=$7,002

Last step is to calculate the activity variance for vehicle operating cost in Februar

Activity variance=Flexible budget $7,396-Planning budget $7,002

Activity variance=$394 U

Therefore The activity variance for vehicle operating cost in February would be closest to $394 U.

3 0
3 years ago
Each of the following items must be considered in preparing a statement of cash flows. Indicate where each item is to be reporte
Mashcka [7]

Answer:

(a) Operating activity

(b) Financing activity

(c) Operating activity

(d) Investing activity

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

So,

(a) Increase in accounts receivable come under the operating activities, and this is to be in a negative amount

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4 0
3 years ago
When command is transferred, then all personnel involved in the incident should be told.
olga nikolaevna [1]

Based on the principle of formality, the correct answer goes:

  • The effective time and date of the transfertransfertransfertransfer

<h3>Command of transfer</h3>

When command is transferred, then all personnel with a need to know should be told: The effective time and date of the transfer.

In conclusion, we can conclude that the correct answer is as informing about effective time and date.

Learn more about transferring officer here: brainly.com/question/10721205

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3 years ago
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kotykmax [81]

Answer:

Priscilla's homemade dividend per share be in 2017 will be $3.585

Explanation:

In order to calculate what will be Priscilla's homemade dividend per share be in 2017 we would have to use the following formula:

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homemade dividend=($1×(1+8.5%))+$2.50

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Priscilla's homemade dividend per share be in 2017 will be $3.585

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Could you please be specific with your question?

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