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Rzqust [24]
3 years ago
9

Suppose that you make a series of annual deposits into a bank account that pays 10% interest. The initial deposit at the end of

the first year is $1,200. The deposit amount decline by $200 in each of the next four years. How much would you have immediately after the fifth deposit? Group of answer choices
Business
1 answer:
snow_lady [41]3 years ago
7 0

Answer:

You will have $5,116 in the account.

Explanation:

a) End of 1st-year deposit of $1,200 will become $1,757 ($1,200 * 1.464) in four years' time.

b) End of 2nd-year deposit of $1,000 will become $1,331 ($1,000 * 1.331) in three years' time.

c) End of 3rd-year deposit of $800 will become $968 ($800 * 1.21) in two years' time.

d) End of 4th-year deposit of $600 will become $660 ($600 * 1.1) in a year's time.

e) End of 5th-year deposit of $400 will be $400 in 0 year's time.

f) The total will be $5,117 (a+b+c+d+e).

g) The future value factor is equal to 1.1ⁿ, where the discount factor is 10%.

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_____ describes how the owner and employees think, feel, and act as a business
Rufina [12.5K]

Answer: I believe it is Corporate Culture, B.

Explanation:

7 0
2 years ago
Adelene, who lives in a winter resort area, rented her personal residence for 14 days while she was visiting Brussels. Rent inco
frez [133]

Answer:

a) The effect the rental activity has on Adelene's AGI is $0.                          

b) The total rental income is less than the total expenses for the year, so the reportable rental income is $0.

Explanation:

a)

particulars                                      amount                  amount

rental income                                                                $5,000

property taxes                               $3,800

mortgage interest                          $7,500

utilities                                             $3,700

insurance                                         $2,500

repairs                                              $2,100

depreciation                                     $15,000

total deduction                                                    $34,600

AGI                                                                           $0

Therefore, The effect the rental activity has on Adelene's AGI is $0.                          

b)

particulars                                      amount

Real property taxes                       $3,800

mortgage interest                          $7,500

utilities                                             $3,700

insurance                                         $2,500

repairs                                              $2,100

depreciation                                     $15,000

total expenses                                  $34,600

Therefore, The total rental income is less than the total expenses for the year, so the reportable rental income is $0.

7 0
3 years ago
nformation taken from a Sears, Roebuck and Company annual report follows. December 31 Long-Term Debt ($ in millions) Year 2 Year
cestrela7 [59]

Answer:

The interest expense company recorded during Year 2 on the 7% debentures is $27,535,600

Explanation:

As the interest expense is different from the interest payment made on the debenture. It also includes some other costs. Effective interest rate includes the effects of all related costs of debentures. So the interest expense of a debenture will base the effective interest rate of the debenture.

We can calculate the Interest expense on 7% debtures as below

Interest Expense = Value of Debenture x Effective interest rate

Interest Expense = $188,600,000 x 14.6%

Interest Expense = $27,535,600

5 0
3 years ago
True or false: The fundamental activities of a business are selling activities and marketing activities.
astra-53 [7]

Answer:

i think its false

Explanation:

6 0
3 years ago
A difference between people-processing services and possession-processing services is that possession-processing services:
Contact [7]

Answer:

b. do not require customers to enter the service factory.

Explanation:

Possession processing involves tangible services provided on property belonging to a customer. It involves activities like lawn mowing, cleaning services. The property that is recoevong the action must be present but the customer does not need to be.

In people processing on the other hand, the customer is present and services provided are intangible, knowledge based, and customised to each client. For example retail banking services.

3 0
3 years ago
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