Answer:
Final Value= $18,253.12
Explanation:
Giving the following information:
For the next 6 years, you plan to make equal quarterly deposits of $600.00 into an account paying 8% compounded quarterly.
To calculate the final value, we need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A= quarterly deposit= 600
n= 6*4= 24
i= 0.08/4= 0.02
FV= {600*[(1.02^24) - 1]}/ 0.02= $18,253.12
Answer:
Journal entries to record the expenses incurred are given below.
Debit Factory Overhead Control Account $ 1300
Credit Utilities bills account $ 700
Credit Accumlated factory depreciation $ 400
Credit property tax payable $ 200
Journal entries to record the allocation of overhead at the predetermined rate of $1.50 per machine hour are given below.
Debit WiP process account $ 525
Credit Factory overhead applied account $ 525
(1.5 * 350 (machine hours))
Answer:
NO, court does not have subject matter jurisdiction over the landscaper's contract claim
Explanation:
given data
landscape work = $30,000
seeking in damages = $100,000
solution
landscaper assert and maintain claim against an home owner for breach of contract is no because court have diversity of an citizenship in the jurisdiction over an home owner for negligence claims .
we know that Federal Rule of Civil Procedure permit only counter claims and federal court have not any subject matter jurisdiction over an landscaper contract claims
Answer:
unsolicited trade
Explanation:
In this scenario, the trade that was made would be considered an unsolicited trade. This is mainly due to the customer having called the representative telling him to place the trade and buy the 100 shares of ABC stock. Therefore, this trade was ultimately the idea of the investor (customer) in this scenario and not the representative's idea. That would make this trade fall into the category of an unsolicited trade. If the idea was initially the representative's and he was the one to mention the trade to the client then it would have been a solicited trade, but this is not the case.
Answer:
D. 5.19
Explanation:
Zero coupon bond is the bond which does not offer any interest payment. It is issued on deep discount price and Traded in the market on discounted price.
According to given data
Face value = F = $1,000
Year to maturity = n = 15 Years
Current price = P = $468
Yield to maturity = [ ( F / P )^(1/15) ] - 1
Yield to maturity = [ ( $1,000 / 468 )^(1/15) ] - 1
Yield to maturity = 1.0519 - 1
Yield to maturity = 0.0519 = 5.19%
