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2 years ago

Why should you investigate the regular interest rate of the card along with the introductory offer?

1 answer:

5 0

<span>You should investigate the regular interest rate of the card along with the introductory offer in order to have a low interest rate. The amount of interest is always decided at the due period. It is also the annual interest rate and it the percentage of the different principal charge.</span>

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You deposit $1,100 at the end of each year into an account paying 9.1 percent interest.

vlabodo [156]

Answer:

The money that we will have in account is $51156.41

The money that we will have in account is $318808.31

Explanation:

The deposits made in the account represent an annuity pattern as the deposits made are of a constant amount, are made after equal interval of time and are for a defined time period. Thus, to calculate the value of money that we will have after 19 years, we will use the formula for the future value of annuity.

The formula for the future value of annuity is attached.

FV = 1100 * [ (1+0.091)^19 - 1 / 0.091 ]

FV = $51156.41178

The same formula for the future value of annuity will be used and we will change n from 19 to 38.

FV = 1100 * [ (1+0.091)^38 - 1 / 0.091 ]

FV = $318808.3149

5 0

3 years ago

Ruddick Corporation is a manufacturer that uses job-order costing. The company has supplied the following data for the just comp

irina1246 [14]

Answer:

Given that,

Cost of goods manufactured = $1,486,000

Cost of goods sold (unadjusted) = $1,337,000

Therefore, the journal entry for the transfer of completed goods from WIP to Finished goods is as follows:

Finished Goods A/c Dr. $1,486,000

To Work in process $1,486,000

(Being transfer of completed goods from work in process to finished goods recorded)

4 0

3 years ago

Nelson Mfg. owns a manufacturing facility that is currently sitting idle and is debt-free. The facility is located on a piece of

rodikova [14]

Answer:

The total cost to include in any project analysis should be $1,700,000, which can be apportioned as follows:

Land = $159,000/$617,000 * $1,700,000 = $438,088

Facility = $458,000/$617,000 * $1,700,000 = $1,261,912

Explanation:

The fair market values of the Land and Facility are $438,088 and $1,261,912, being the amounts at which the land and facility could be sold together to obtain $1,700,000.

In project analysis, the relevant cost to include is not the sunk cost of $617,000 ($159,000 and $458,000), but the opportunity cost.

$1,700,000 represents the opportunity cost.

The opportunity cost is the cost that would have been incurred assuming that the land and facility were sold at the first bid. This represents the bid price for the land and facility.

5 0

3 years ago

List the four ways to become a business owner

777dan777 [17]

1. Start your own business2. Take over a family-owned business3. Buy a franchise4. Buy an existing operating business.

8 0

3 years ago

Read 2 more answers

____ resources are resources that each partner brings to the partnership that, when combined, allow for new resources or capabil

Arte-miy333 [17]

Answer:

Complementary

Explanation:

The complementary resource is a term that describes a type of resources contributed by each partner to a business or investment. In other words, it is the resources each partner brings to the partnership that, when merged together, provide for new resources or capabilities that neither firm could readily create alone.

Hence, the right answer is COMPLEMENTARY RESOURCES

6 0

3 years ago