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77julia77 [94]
3 years ago
6

Ahmad just put some money into a CD that pays 11.3% interest, compounded semiannually. According to the rule of 72, in approxima

tely how many years will he have 4 times the amount of money that he has now?
Business
2 answers:
coldgirl [10]3 years ago
7 0
he will have it in 12.7 years
Anarel [89]3 years ago
5 0

Answer:

On A.p.e.x its 12.7

Explanation:

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jeyben [28]

Answer:

Rent Expense (Dr.) $5,000

Cash (Cr.) $5,000

Inventory (Dr.) $35,380

Accounts Payable Martin Co. (Cr.) $35,380

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Sales (Cr.) $62,000

Cost of Goods Sold (Dr.) $48,500

Inventory (Cr.) $48,500

Explanation:

Advertising Expense (Dr.) $21,800

Cash (Cr.) $ 21,800

Cash (Dr.) $62,000

Accounts Receivable Korman Co. (Cr.) $62,000

Customer Refund Payable (Dr.) $31,500

Cash (Cr.) $31,500

Sales Salaries Expense (Dr.) $12,000

Office Salaries Expense (Dr.) $ 38,000

Cash (Cr.) $50,000

Store Supplies Expense (Dr.) $2,200

Cash (Cr.) $2,200

8 0
3 years ago
A company reported total equity of $157,000 at the beginning of the year. The company reported $222,000 in revenues and $171000
Pani-rosa [81]
Wasssssupppp the answer will be B
4 0
4 years ago
Hydro Systems has 15-year bonds outstanding with a coupon rate of 6 percent. Interest is paid annually. The face amount of each
Leya [2.2K]

Answer:

A) 5.22 percent

Explanation:

The Pretax cost of debt is the Yield to maturity (YTM) of bond.

Using a financial calculator , you can solve for the YTM with the following inputs;

Face value ; FV = 1000

Maturity of bond; N = 15

Annual coupon payment; PMT = coupon rate * Face value =  6%*1000 = 60

Current price; PV = $1,080

then compute annual interest rate; CPT I/Y = 5.22%

7 0
3 years ago
The Public Works department oversees street maintenance and repair.<br> true<br> false
blagie [28]
True <span>Street Maintenance Mission. The Street maintenance Division of the Public Works Department is responsible for keeping all City streets and alleys in good repair and serviceable condition. With the goal of preserving street surfaces to avoid more costly reconstruction, the Street Maintenance Division uses a variety of ...</span>Missing: oversees ‎true ‎<span>false</span>
8 0
3 years ago
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Identify and demonstrate processes for making long-term goals and short-term goals
matrenka [14]
Long term 4-6+ years  goals like having a career having a business or some , short term 0 months-1/2 years and that's like making It to the next grade.
8 0
3 years ago
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