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Brut [27]
3 years ago
9

Phillippe invested $1,000 ten years ago and expected to have $1,800 today. He has not added or withdrawn any money from this acc

ount since his initial investment. All interest was reinvested in the account. As it turns out, he only has $1,680 in his account today. Which one of the following must be true?a) He earned simple interest rather than compound interest.b) He did not earn any interest on interest as he expected.c) He ignored the Rule of 72 which caused his account to decrease in value.d) He earned a lower interest rate than he expected.e) The future value interest factor turned out to be higher than he expected.
Business
1 answer:
weqwewe [10]3 years ago
8 0

Answer:

d) He earned a lower interest rate than he expected

Explanation:

Data provided in the question

Invested amount ten years ago = $1,000

Expected amount = $1,800

Today amount = $1,680

Based on the above information,

Since the bond is based on the floating rate not the fixed rate that results in the value of the investment to $1,800

And, the today amount is $1,680 i.e. less than the expected amount so the internet rate should be less as compared with the expected rate

hence, correct option is d.

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Issue often arise when stockholders hope to exert a certain type of control to the company because they feel entitled to after purchasing the stocks. To address this, i would create a code of conduct that clearly specify the roles that the shareholders can and cannot take after making  the purchase.

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3 years ago
ompanies that succeed in a turbulent world are those in which managers are evaluated and rewarded for paying attention to both c
Dmitry_Shevchenko [17]

Answer:

True

Explanation:

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Cheers.

5 0
3 years ago
Anna and ben are up for the same promotion at work. when it comes time to make a decision, the management committee chooses ben
12345 [234]
I believe that Anna has just encountered a glass ceiling. 
This means that Anna has encountered a barrier that her from rising to the level of management committee through promotion simply because she is a woman.This term is extended to refer to the obstacles that hinder the advancement of minority women. It is often difficult for minority women to rise to ranks  simply because of their responsibilities, color and discrimination. In this case, Anna being a good mother to her children makes the management think that she wont want more responsibilities. 
3 0
3 years ago
Read 2 more answers
Palmona Co. establishes a $270 petty cash fund on January 1. On January 8, the fund shows $181 in cash along with receipts for t
damaskus [11]

Answer:

      Journal Entry for establishing a Petty cash fund

Date      Particulars     Debit      Credit

Jan 1      Petty cash A/c     $270  

                    To Cash A/c                  $270

            (Being Petty cash fund established)

Journal Entry for reimbursement of petty cash

Date      Particulars             Debit      Credit

Jan 8     Postage A/c                  $36  

             Transportation A/c        $13  

             Delivery Expense A/c   $15  

             Miscellaneous Exp A/c $25  

                    To Cash A/c                           $89

            (Being reimbursement of petty cash expenses

             incurred from petty cash fund)

Journal entry for Increasing the limit of Petty cash fund

Date      Particulars             Debit      Credit

Jan 8     Petty Cash A/c             $50  

                   To Cash A/c                             $50

        (Being Petty cash fund limit extended to $320 i.e., we have

          to add $50 to existing fund in order to make it $ 320.)

6 0
3 years ago
Brady recently graduated from SUNY–New Paltz with his bachelor’s degree. He works for Makarov & Company CPAs. The firm pays
klemol [59]

Answer:$4,750

Explanation:

Taxable amount is given as  = Tuition benefits - Excludable amount

where,

Tuition fees benefits by company  = $10,000

Employer Tuition Assistance = $5,250 exclusion from income per student Tuition for oneself  (Employee) based on  graduate or doctoral classes  taxed on the dollar amount over and above the first $5,250.00 of tuition benefits paid per calendar year.  (source https://www.irs.gov/newsroom/tax-benefits-for-education-information-center)

therefore, Taxable amount = $10000-$5250

Taxable amount = $ 4750

Brady need to include$ 4750 in gross income.

4 0
3 years ago
Read 2 more answers
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