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dybincka [34]
3 years ago
11

Assume that you purchase a 6-year, 8% certificate of deposit for $1,000. If interest is compounded annually, what will be the va

lue of the certificate when it matures
Business
1 answer:
Dmitry [639]3 years ago
8 0

Answer:

$ 1,586.8743

Explanation:

Calculation to determine what will be the value of the certificate when it matures

Compounded annually

Principal P= 1000

Rate r=0.08

Period n = 6

Using this formula

A = P (1+r)^n

Let plug in the formula

1000 (1.08)^6

= 1586.8743

Therefore what will be the value of the certificate when it matures is $1586.8743

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The answer is wheat flour and gluten.
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3 years ago
The financial reporting for private not-for-profit entities primarily focuses on: Multiple Choice basic information for the orga
Romashka [77]

Answer: basic information for the organization as a whole.

Explanation:

Private Not-for-profit organization as the term implies, are not operating to make a profit therefore their financial statements will generally not include measures that are aimed at showing profit like profit making organizations.

They will instead focus on talking about the entire organization as whole and what it has done so far in the current period. This is what is required of them by U.S. GAAP.

7 0
3 years ago
Community Manufacturing Inc. developed the following standard costs for direct material and direct labor for one of their major
hammer [34]

Answer:

Particulars               Standard                           Actual

                      Qty     Rate   Amount       Qty      Rate   Amount

Materials     2,000     26     52,000      2,200     24       52,800

Labor          1,000       14     14,000       1,050     14.75    15,487.50

Actual output                                   10,000.00    

Materials required (10000*0.20) = 2,000.00

Labor hrs required (10000*0.1) =    1,000.00

1. May's direct material price variance

= (SP-AP)*AQ

= (26 - 24*)2200  

= 4,400 F      

2. May's direct material quantity variance

= (SQ-AQ)*SP  

= (2,000 - 2,200)*26

= 5,200 U

3. May's direct labor cost variance

= Standard Cost - Actual Cost

= 14,000 - 15,487.50

= 1,487.50 U

4. May's direct labor rate variance

= (SR-AR)*AH  

= (14 - 14.75)*1,050

= 787.50 U

5. May's direct labor efficiency variance

= (SH-AH)*SR

= (1,000 - 1,050)*14

= 700 U

6 0
2 years ago
When workers use technology to work from home or an office center, they are _____.
xz_007 [3.2K]

Your answer is <span>telecommuting or B.</span>
6 0
3 years ago
Read 2 more answers
Triumph Corp. issued five-year bonds that pay a coupon of 6.375 percent annually. The current market rate for similar bonds is 8
kari74 [83]

Answer:

Price of  bond  = $916.26

Explanation:

<em>The amount to be paid for the bond would be equal to the Present value (PV) of the redemption Value (RV) plus the present value of the interest payments discounted at the yield rate.</em>

Let us assume that the face value of the bond is 1000 and it is redeemable at par

Interest payment = 6.375%× 1000 = 63.75

PV of interest payment = A× (1- (1+r)^(-n))/r

A- 63.75, r-8.5%, n-5

PV = 63.75 ×(1- (1.085)^(-5))/0.085)

PV = 251.215

PV of RV

PV = RV × (1+r)^(-5)

    = 1,000 × (1.085)^(-5)

   = 665.045

Price of  bond  = $916.26

6 0
3 years ago
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