1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
RoseWind [281]
3 years ago
9

Andrea's opportunity cost rate is 12 percent compounded annually. how much must he deposit in an account today if he wants to re

ceive $2,100 at the beginning of each of the next seven years? use the equation method to determine the amount.
Business
1 answer:
BabaBlast [244]3 years ago
7 0

Answer:

$9583.89

Explanation:

value of each payment (P): $2,100

interest rate per period (r): 12/100 = 0.12

number or periods (n): 7

present value of annuity (PV): ??

using the annuity formula: PV = P * \frac{1 - (1 + r )^{-n} }{r}

PV  =  $9583.89

You might be interested in
Question 1 of 10
dolphi86 [110]

Answer:

B. A receipt.

Explanation:

A receipt is normally given to the person after he or she purchased something, in case if the person wants a refund or etc he can use the receipt for evidence to be able to do so.

5 0
3 years ago
Mary, Inc. uses straight-line depreciation for all of its depreciable assets. Mary sold a used piece of machinery on December 31
Gekata [30.6K]
The answer would be 300
7 0
3 years ago
You have just made a $1,500 contribution to your individual retirement account. Assume you earn a rate of return of 8.7 percent
vekshin1

Answer:

Instructions are listed below

Explanation:

Giving the following information:

You have just made a $1,500 contribution to your retirement account. Assume you earn a rate of return of 8.7 percent and make no additional contributions.

To find the final value we need to use the following formula:

FV= PV*(1+i)^n

A) n= 25

FV= 1500* (1.087^25)= 12073.41

B) n= 20

FV= 1500*(1.087^20)= $7955.77

7 0
3 years ago
Which one of the following is not a physical control? Group of answer choices Bank safety deposit boxes for important papers Ind
VashaNatasha [74]

Answer: Independent bank reconciliations.

Explanation:

A bank reconciliation is a process by which the records of a bank account are verified to be correct, by comparing the personal records with the records that appear on the bank statement. This process is usually done independently when a company wants to audit its accounts and reconcile its processes.

Because this is a review of bank accounts (savings, payroll, checking accounts), no physical control is needed to do it, but rather a monetary control.

<em>I hope this information can help you.</em>

7 0
3 years ago
After conducting a market research study, Ed Manufacturing decided to produce a new interior door to complement its exterior doo
hram777 [196]

The target cost for each interior door is $96.

<h3>What is manufacturing?</h3>
  • Manufacturing is the process of creating or producing items with the aid of resources such as machinery, manpower, tools, chemicals, or biological formulations.
  • It is the core of the economy's secondary sector.
<h3>What is operating cost?</h3>
  • Operating costs, often known as operating costs, are the costs associated with running a company, or with running a machine, part, piece of equipment, or facility.
  • They represent the cost of the resources an organization uses just to stay in business.
<h3>Solution -</h3>

Total revenue of the year (sales) = $120 × 20,000 = 24,00,000

Operating cost = 20% of sales = 4,80,000

Target cost of each door = 4,80,000 ÷ 20,000 = $24

120 - 24 = $96

Therefore, the target cost for each interior door is $96.

Know more about a business here:

brainly.com/question/24553900

#SPJ4

5 0
2 years ago
Other questions:
  • Chenault was a celebrity at American Express and is known for transforming the lives of many of his employees. Based on this per
    10·1 answer
  • A store manager wishes to reduce the price of her fresh ground coffee by mixing two grades. if she has 50 pounds of coffee which
    10·2 answers
  • The ____ approach shows operating managers and salespeople what they've actually contributed to covering general overhead and pr
    12·1 answer
  • The required rate of return is the minimum rate of return that an investment project must yield to be acceptable. question 15 op
    8·1 answer
  • Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one depa
    10·1 answer
  • The Fluffy Feather sells customized handbags. Currently, it sells 18,000 handbags annually at an average price of $89 each. It i
    13·1 answer
  • Marginal revenue__________.​
    8·1 answer
  • On January 1, 2017, Aiello Company purchased 100% of the common stock Uline Industries for $450,000. On that date, Uline had com
    15·1 answer
  • Tuna Corporation reported pretax book income of $1,000,000. During the current year, the net reserve for warranties increased by
    12·1 answer
  • Financial Statement Analysis, specifically Ratio Analysis is often performed by managers, investors, and creditors. What is the
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!