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3 years ago

What is the future value of $3,400 in 18 years assuming an interest rate of 8.7 percent compounded semiannually?

Business

1 answer:

Nady [450]3 years ago

5 0

Answer:

$15,747.34.

Explanation:

The Future Value of the Investment, FV can be determined using a financial calculator as follows :

Pv = - $3,400

n = 18 × 2 = 36

p/yr = 2

r = 8.70 %

Pmt = $0

Fv = ?

Using a Financial calculator, the Future Value of the Investment, FV is $15,747.34.

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What is the danger of limiting your career opportunities to only those you have heard

kobusy [5.1K]

Answer:

That the career you choose might decline in the future and your knowledge and train could be not valuable then.

Explanation:

Your criteria, interests, points of view, and even opportunities could change in the medium or long term.

Most likely, many the jobs of the future, which we do not even imagine that can exist, will require new skills.

The best skill that you can learn today is to learn: learn to learn.

You should be prepared to learn different things from many fields. Thus, your best decision today is to be broad your opportunities instead of narrowing them.

The danger of limiting your career opportunities to only those you have heard about or been trained for is that the job opportunites, in the career you choose, might decline in the future and you would count with a baggage of good knowledge and train that would not be valuable, because that kind of job is no longer required.

8 0

4 years ago

On December 21, 2016, Alpha Company accepted from Bravo a $10,000, 90-day, 8% note in lieu of an existing $10,000 account receiv

Elina [12.6K]

Answer:

December 21, 2016,General Journal entries

Account Debit Credit

Notes Receivable $10,000

Account Receivable $10,000

Explanation:

December 21, 2016,General Journal entries

Account Debit Credit

Notes Receivable $10,000

Account Receivable $10,000

The accounts receivable of Alpha company were debited for $10,000 from Bravo company, When bravo company issued the note, Alpha company accepted it. Due to this acceptance, Accounts receivable were replaced by notes payable. So accounts receivable in debit were reduced to zero and were credited. Now notes receivable were debited as new asset.

5 0

3 years ago

You and a group of friends are planning to visit a theme park, which charges $60 for admission, $100 for a two-day pass, and $13

enyata [817]

Answer:

Part 1.

Average cost per day of a three-day pass = $53.33/day per person

Marginal cost of adding the third day = $190 - $160 = $30 per person

Part 2.

Group's marginal cost of switching from the two-day pass to the three-day pass = $180

Explanation:

The total cost is the admission charge ($60) plust the cost of the pass ($100 or $130).

For a two-day pass that is: $60 + $100 = $160, per person

For a three-day pass that is: $60 + $130 = $190, per person

Part 1. The average cost per day of a three-day pass per person. 

The average cost is the total cost divided by the number of days.

Average cost = $160/3days = $53.33/day per person

The marginal cost of adding the third day per person is found by subtracting the total cost for two days from the total cost for three days:

Marginal cost of adding the third day = $190 - $160 = $30 per person

This says that althoud the average cost for the three days is $53.33 the cost of adding the third day is $30, which is much lower; thus, it is a good deal to buy a three-days pass, as they are interested in spending a lot of time there.

Part 2. The group's marginal cost of switching from the two-day pass to the three-day pass

Since the marginal cost of switching from the two-day pass to the three-day pass is $30 per person, the marginal cost for the 6-person group is 6 times $30:

6 persons × $30/person = $180.

8 0

3 years ago

The ledger of Mai Company includes the following accounts with normal balances: Common Stock $9,000;

Amiraneli [1.4K]

Answer: Please see explanation for answer

Explanation:

Journal to close Revenue account

Date Accounts and explanation Debit Credit

31 December Service Revenue $13,000

Income Summary $13,000

Journal to close expense account

Date Accounts and explanation Debit Credit

31 December Income Summary $10,000

Wages Expenses $8,400

Rent expenses $1,600

Journal to close Income Summary account

Date Accounts and explanation Debit Credit

31 December Income Summary $3,000

Retained earnings $3,000

Calculation

Retained Earnings =Services Revenue- (wages expense + rent expense)

$13,000 -$10,000-= $3,000

Journal to close Dividend account

Date Accounts and explanation Debit Credit

31 December Retained earnings $800

Dividends $800

7 0

3 years ago

What captures transaction and event information using technology to (1) process the information according to defined business ru

tamaranim1 [39]

Answer:

OLTP (Online Transaction Process)

Explanation:

Online transaction processing or OLTP, which is database software, used to design as well as support the applications related to transactions on the Internet.

This database system is mostly used for the retail sales, order entry, management of customer relationship and financial transaction through the medium of Internet.

So, OLTP captures the event as well as transaction information using the technology for processing the information as per the rules of the business, update the information and store the information.

5 0

4 years ago