Answer:
FV= $46,031.45
Explanation:
Giving the following information:
Monthly deposit= $450
Number of months= 59
Interest rate= 0.21/12= 0.0175
To calculate the final value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
FV= {450*[(1.0175^59) - 1]} / 0.0175 + 450
FV= $46,031.45
Answer:$151.80
Explanation:($96+$180)/20 units = $13.80 ave × 11 Units = $151.80
Answer: 12.1%
Explanation:
Returns are generally quoted in Nominal terms because they include the inflation of the period. The 12.1% is therefore the nominal yield on the stock.
When adjusted for inflation however, the stock return will most likely reduce to reflect the real rate of return which shows the rate of return without the effects of inflation that 'exaggerates' return.
Answer:
<u>Income statement of Parsons Company for the period ended December 31, 2014</u>
Amount in $ Amount in $
Service Revenue 37,000
Operating expense;
Salaries and Wages Expense 16,000
Insurance Expense 2,000
Rent Expense 4,000
Supplies Expense 1,500
Depreciation Expense <u> 1,300</u>
Total expense <u> (24,800)</u>
Net income/(loss) <u> 12,800 </u>
Explanation:
The income statement shows the income and expenses of a business. Owner's capital and drawings are elements of the business balance sheet. Other items given are elements of revenue and cost.
Answer:
Production= 26,500
Explanation:
Giving the following information:
Sales= 25,000 electronic bicycles
Beginning inventory= 2,000
Ending inventroy= 3,500
<u>To calculate the production required, we need to use the following formula:</u>
Production= sales + desired ending inventory - beginning inventory
Production= 25,000 + 3,500 - 2,000
Production= 26,500