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3 years ago

Find the compound amount for the deposit. Round to the nearest cent. $15,000 at 8% compounded semiannually for 10 years

Business

1 answer:

Andre45 [30]3 years ago

4 0

Answer:

$17,866.85

Explanation:

Use the following formula to calculate the compound amount

Compound Amount = Future value of deposit - Initial deposit

Where

Future value of deposit = Initial Deposit x ( 1 + Periodic interest rate )^numbers of compounding periods = $15,000 x ( 1 + ( 8% x 6/12 ) )^(10 x 12/6 ) = $32,866.85

Initial Deposit = $15,000

Placing values in the formula

Compound Amount = $32,866.85 - $15,000

Compound Amount = $17,866.85

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Record adjusting journal entries for each of the following for year ended December 31. Assume no other adjusting entries are mad

elena-s [515]

Answer:

1. Dr Account receivable $20,500

Cr Service revenue $20,500

2. Dr Interest receivable $450

Cr Interest revenue $450

3. Dr Account receivable $1,420

Cr Service revenue $1,420

Explanation:

Preparation of the adjusting journal entries for each of the following for year ended December 31.

Based on the information given the adjusting journal entries for each of the following for year ended December 31 will be :

1. Dr Account receivable $20,500

Cr Service revenue $20,500

(Being to record Accounts Receivable)

2. Dr Interest receivable $450

Cr Interest revenue $450

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3. Dr Account receivable $1,420

Cr Service revenue $1,420

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5 0

2 years ago

5. For the following observations, calculate the class width for a histogram.

Soloha48 [4]

Answer:

See Explanation

Explanation:

Given

The histogram

Required

The class width

The question is poorly formatted, as the histogram cannot be read. So, I will answer your question with the attached histogram

The class width is:

$Width = Upper - Lower\ Limits$

Using the first class, as reference:

$Lower\ Limits = 1$

$Upper\ Limits = 4$

So, the class width is:

$Width = 4 -1$

$Width = 3$

6 0

2 years ago

The ledger of American Company has the following work in process account. Work in Process—Painting 5/1 Balance 3,690 5/31 Transf

liubo4ka [24]

Answer:

How many units are in process at May 31?

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equivalent units WIP materials: 740

equivalent units WIP conversion: 296

Explanation:

We will add the beginning and started units, then subtract the trasnaferrd out to get the ending WIP inventory.

physical units:

beginning 490

started 1,650

transferred-out<u> (1,400) </u>

ending 740

Now we will multiply by the percentage of completion to get the equivlent units of WIP on each category:

<u>equivalent units for ending WIP:</u>

materials 740 x 100% = 740

conversion 740 x 40% = 296

4 0

3 years ago

Within organizations, leaders are needed to ________ and managers are needed to ________.

velikii [3]

Pay , work hope this helped you have a good day

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3 years ago

Research on conflict and teams suggests that conflict is bad for a team and that it will inevitably bring the team down and caus

ololo11 [35]

Answer:

b. false

Explanation:

While conflict is an indicative source of disagreement on the team, it will not necessarily be bad for the team or bring it down and cause it to get out of control and out of the way.

Research indicates that if there is effective conflict management in teams, this can be an important source in their development and innovation, being noticeable as a constructive conflict, where there is positive reflection and debate on differences in work, for example, which can culminate in more creative solutions, greater participation of members, greater capacity for tolerance and determination to deal with conflicts and overcome them in order to achieve the team's goals.

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2 years ago