Based on the information the current value of those 200 shares is $40,023.03.
Using this formula
Future value=Principal(1+rate)^Time
Where:
Principal=$7,800
Rate=14.6% or .145
Time =12 years
Let plug in the formula
Future value=$7,800 × (1 + .146)^12
Future value=$7,800×(1.146)^12
Future value=$7,800×5.131159
Future value= $40,023.03
Inconclusion the current value of those 200 shares is $40,023.03.
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Leadership, communication, planning, and problem solving.
Answer:
OASDI maximum amount in any financial do change but for the year 2020, the OASDI limit is $137,700
if Carson is getting $2,700 each week
Carson will hit the OASDI limit in ($137,700/$2,700) weeks = 51 weeks.
Explanation:
Answer:
<em>The Accounting Cycle is as follows:</em>
<em>1. Transactions are analyzed and recorded in the journal.
</em>
<em>2. Transactions are posted to the ledger.</em>
<em>3. An unadjusted trial balance is prepared.
</em>
<em>4. Adjustment data are asssembled and analyzed.
</em>
<em>5. An optional end-of-period spreadsheet is prepared.
</em>
<em>6. Adjusting entries are journalized and posted to the ledger.
</em>
<em>7. An adjusted trial balance is prepared.
</em>
<em>8. Financial statements are prepared.
</em>
<em>9. Closing entries are journalized and posted to the ledger.
</em>
<em>10. A post-closing trial balance is prepared.
</em>
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