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krek1111 [17]
3 years ago
5

Since your birth​, your grandparents have been depositing $ 100 into a savings account every month. The account pays 9​% interes

t annually. Immediately after your grandparents make the deposit on your 18th​ birthday, the amount of money in your savings account will be closest​ to:
Business
1 answer:
g100num [7]3 years ago
3 0

Answer:

Future Value= $53,635.17

Explanation:

Giving the following information:

Since your birth​, your grandparents have been depositing $ 100 into a savings account every month. The account pays 9​% interest annually.

First, we need to calculate the monthly interest rate:

Real interest rate= 0.09/12= 0.0075

Now, using the following formula, we can calculate the future value:

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

A= monthly deposit= 100

n= 18*12= 216

i= 0.0075

FV= {100*[(1.0075^216)-1]}/0.0075

FV= $53,635.17

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A check for which a​ maker's bank account has inadequate money to pay the check is known as​ ________.
nevsk [136]
The answer to your question is a non-sufficient funds check.
Hope that helps! :)
6 0
3 years ago
Quaker State Wings has 320,000 shares outstanding and net income of $980,000. The company stock is currently selling for $62.97
ELEN [110]

Answer:

The new EPS is $ 3.16  

Explanation:

In order to compute the earnings per share after the share repurchase the shares repurchased must deducted from the weighted average number of share of 320,000 before repurchase so as  to arrive at the number of shares eligible for the earnings after such repurchase.

The number of shares repurchased=$634,000/$62.97

                                                           = 10,068.29  

The average weighted number of shares after repurchase is  309,931.71  (320,000-10,068.29)

EPS after repurchase=$980,000/309,931.71

                                   =$3.16 per share

5 0
3 years ago
Dole Company uses the periodic inventory system. At the end of the accounting​ period, ending inventory is​ $10,000 and beginnin
Troyanec [42]

Answer:

The one entry is recorded

Explanation:

The journal entry is shown below:

Inventory A/c Dr (Ending inventory) $10,000

Cost of goods sold A/c Dr (Balancing figure) $94,000

      To Inventory A/c Dr (Beginning inventory)        $5,000

      To Purchase account                                          $99,000

In mathematically,

Cost of goods sold = Beginning inventory + purchase - ending inventory

                                = $5,000 + $99,000 - $10,000

                                = $94,000

4 0
3 years ago
A production possibilities frontier can shift outward if a. resources are shifted from the production of one good to the product
Eduardwww [97]

Answer:

d. there is a technological improvement.

Explanation:

a) replacing production of one good in favor of another will be a move across the PPF

b) abandon inefficient production will bring the production to the PPF from a place below it.

c) has no relationship it will simply put inflationary pressure.

<em>d) the technological improvement will make a better use of the factor thus, increasing productivity and making possible more production with the same amount of materials.</em>

7 0
3 years ago
Because companies target different customers with different kinds of products and services, performance measures should be tailo
adell [148]

Because companies target different customers with different kinds of products and services, performance measures should be tailored to the specific strategy of a company.

An organization's long-term objectives and the plan it has to achieve them are referred to as its strategy. In other words, it demonstrates the strategy for achieving the stated goal. The specific steps taken to accomplish the objectives in accordance with the strategy are referred to as a tactic. A plan outlines the ways by which the outcomes (goals) will be accomplished (resources). Strategy can be predetermined or it can develop organically when an organization competes or changes its surroundings. It entails tasks like strategic planning and strategic thought. Business, operational, and transformational strategies are all types of strategy. The five Ps each stand for a different method of strategy. Plan, Ploy, Pattern, Position, and Perspective fall under this category. These five factors make it possible for a business to create a more effective plan.

Learn more about strategy here

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#SPJ4

6 0
1 year ago
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