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
mezya [45]
3 years ago
11

1. Dominic Joseph deposits $5,000 in a new savings account at his local bank. The account pays 5.5 percent interest compounded a

nnually. At the end of 6 years, how much will Dominic’s account be worth?
Business
1 answer:
klasskru [66]3 years ago
5 0

Answer:

The future value is $6,894.21

Explanation:

Giving the following information:

Dominic Joseph deposits $5,000 in a new savings account. The account pays 5.5 percent interest compounded annually.

To calculate the future value, we need to use the following formula:

FV= PV*(1+i)^n

PV= 5,000

i= 0.055

n=6

FV= 5,000*(1.055)^6= $6,894.21

You might be interested in
What factors , other than tax incentives, should companies evaluate before deciding to invest in a particular country ?
Reptile [31]

Two main risk sources need be considered when investing in a foreign country:

<span><span>
Economic risk: This risk refers to a country's ability to pay back its debts. A country with stable finances and a stronger economy should provide more reliable investments than a country with weaker finances or an unsound economy.
</span><span>

Political risk: This risk refers to the political decisions made within a country that might result in an unanticipated loss to investors. While economic risk is often referred to as a country's ability to pay back its debts, political risk is sometimes referred to as the willingness of a country to pay debts or maintain a hospitable climate for outside investment. Even if a country's economy is strong, if the political climate is unfriendly (or becomes unfriendly) to outside investors, the country may not be a good candidate for investment.</span></span><span>


I hope my answer has come to your help. Thank you for posting your question here in Brainly. We hope to answer more of your questions and inquiries soon. Have a nice day ahead!</span>
7 0
3 years ago
When output increases, the PPC of the economy __________ , indicating ________in the economy.
AysviL [449]
The answers to the question are "shift outward" and "growth" based on the blank sentence above. The Production Planning Curve is a graph which shows the effectivity of a production process of a country. An output increase indicates an increasing of the effectivity of a production process of a country and this effectivity is a result of a growth.
6 0
3 years ago
Read 2 more answers
Explain how other income streams such as photography and merchandise will be useful for the business. (8)
dolphi86 [110]

Answer:

Income streams such as photography and merchandise will be useful for the business is described below in detail.

Explanation:

The practices of photography are broad and therefore the businesses are extensive. the actuality is that if you are to sustain as an expert photographer today, and if you are to have the sources to proceed with what you are really enthusiastic about, then that often includes being open to, and actively evolving, various income streams, not all of which you will be uniformly passionate about.

7 0
3 years ago
The recording of the factory labor incurred for general factory use would include a debit to:
DanielleElmas [232]
It would be a debit to FOH (Factory Overhead).
7 0
3 years ago
"Auditors should be familiar with the terminology employed in IT processing. The following statements contain some of the termin
mr Goodwill [35]

Answer:

Explanation:

Step 1:

the auditor is required to provide reasonable assurance for the financial statement audited.To provide such reasonable assurance,appropriate evidence must be obtained to confirm that no material misstatement material is present in the financial statement

Step 2:

For each statement select true or false in the following manner

a. A recent improvement in computer hardware is the ability to automatically produce error listings. Previously, this was possible only when provisions for such a report were included in the program.

FALSE

b. The control of input and output to and from the information systems department should be performed by an independent data control group.

TRUE

c. An internal-audit computer program that continuously monitors IT processing is a feasible approach for improving internal control in OLRT systems.

TRUE

d. An internal label is one of the controls built into magnetic tape drive hardware by the hardware manufacturers.

FALSE

e. A limit test in a computer program is comparable to a decision that an individual makes in a manual system to judge a transaction's reasonableness.

TRUE

f. A principal advantage of using magnetic tape files is that data need not be recorded sequentially.

FALSE

g. A major advantage of disk files is the ability to gain random access to data on the disk.

TRUE

h. The term grandfather-father-son refers to a method of protecting computer records rather than to generations in the evolution of computer hardware.

TRUE

i. When they are not in use, tape and disk files should be stored apart from the computer room under the control of a librarian.

TRUE

3 0
3 years ago
Other questions:
  • Assets for a particular business might include: A) cash, accounts payable, and notes payable. B) cash, retained earnings, and ac
    14·1 answer
  • Rachel lives and works on her father’s dairy farm as a large animal veterinarian. The farm does not employ any outside workers.
    9·1 answer
  • The FI Corporation's dividends per share are expected to grow indefinitely by 5% per year. a. If this year’s year-end dividend i
    12·1 answer
  • On March 9, 2009, the Dow Jones Industrial Average reached a new low at a close of 7,447.50, which was down 98.34 that day. What
    11·1 answer
  • A movie theater estimates that for each $0.50 increase in ticket price, the number of tickets sold decreases by 60. The current
    12·1 answer
  • A pharmacy (due to increased competition from a neighboring supermarket) has now added an exclusive line of cosmetics, and has e
    14·1 answer
  • Allowance for Doubtful Accounts has a credit balance of $500 at the end of the year (before adjustment), and uncollectible accou
    6·2 answers
  • During the year just ended, Shering Distributors, Inc., had pretax earnings from operations of $490,000. In addition, during the
    5·1 answer
  • Ben set up an elaborate scheme to mine gold in the Rockies. He had a large town meeting and sold stock in his company for only $
    10·1 answer
  • The impact of interest rate changes in the PV of $100 due in 20 years compared to the PV of $100 due in one year are:
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!