1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
USPshnik [31]
2 years ago
15

If you wish to accumulate $150,000 in 10 years, how much must you deposit today in a bank account that pays an annual interest r

ate of 12%
Business
1 answer:
Leni [432]2 years ago
4 0

Answer:

PV= $48,295.99

Explanation:

Giving the following information:

Future Value (FV)= $150,000

Number of periods (n)= 10 years

Interest rate (i)= 12% = 0.12

<u>To calculate the initial investment (PV), we need to use the following formula:</u>

PV= FV / (1+i) n

PV= 150,000 / (1.12^10)

PV= $48,295.99

You might be interested in
The reporting of net cash provided or used by operating activities that lists the major items of operating cash receipts, such a
Olenka [21]

Answer:

a.

Explanation:

‘Cash Flow Statement’ is one of major financial statement that indicates the inflow and outflow of cash along with the reasons by categorizing each cash transaction in three activities i.e., operating, investing or financing activity. Non-cash transactions are not considered while preparing a cash flow statement.  

Operating Activities records the cash transactions involved in the operations of the business are recorded under ‘operating activities’ in the cash flow statement.  

Examples: Revenue earned, expenses incurred etc.  

There are two methods to prepare the cash flow statement. The only difference between both the methods is the way of presenting cash flow from operating activities.  

The two methods of presenting cash flow statement are:  

  1. Direct method: Operating activities section under direct method reports the amount of cash received and paid by the company during the period.  
  2. Indirect method: Operating activities section under indirect method reports the net income and later adjusts the transactions to convert it to cash basis of accounting.  

3 0
3 years ago
Amanda Winter worked as a public engagement coordinator at Safe Food Alliance until three months ago when her manager, Laura Mor
arlik [135]

Answer:

Option D is the correct answer to this question.

Explanation:

Laura sat in on only one of Amanda's presentations before giving her the promotion.

They were made by hand before slides were mounted on computers. Designing a PowerPoint presentation took several hours and though it was costly. Presentations were illustrated back then people with devices such as journal flip charts and computer monitors, but these have been used in schools and conference rooms worldwide.

Other options are incorrect because they are not related to the given scenario.

6 0
3 years ago
Match each type of market with the items bought and sold there
wolverine [178]

Answer

A. Currency exchange-Foreign money

B.Commodity Market-Raw, unprocessed goods

C.Stock Market -Shares in corporations

Explanation

Currency exchange market- this is market that deals with the exchange of foreign currencies where the participants members are able to buy and sell currencies. They are normally made of banks, commercial companies, Forex brokers and many other participants.

Commodity Market- This is a type of market where unprocessed materials are sold. Many producers buy the raw materials from these market for further processing.

Stock market- This is the market that deals with trading of shares. Sellers and buyers of stocks which is also called shares gather here. This normally happens that a certain company needs to raise a certain amount of money so the stock buyer will have bought a piece of that company.

7 0
3 years ago
Read 2 more answers
A phone call to a government official by an employee of the enron corporation disclosed the deception and dishonesty of the firm
UNO [17]
This employee played the role of a: whistleblower.
3 0
3 years ago
Honeycutt Co. is comparing two different capital structures. Plan I would result in 12,700 shares of stock and $109,250 in debt.
Ulleksa [173]

Answer:

Check the following calculations

Explanation:

All-Equity Plan:

Number of shares = 15,000

Plan I:

Number of shares = 12,700

Value of debt = $109,250

Price per share = Value of debt / (Number of shares under All-Equity Plan - Number of shares under Plan I)

Price per share = $109,250 / (15,000 - 12,700)

Price per share = $109,250 / 2,300

Price per share = $47.50

Plan II:

Number of shares = 9,800

Value of debt = $247,000

Price per share = Value of debt / (Number of shares under All-Equity Plan - Number of shares under Plan II)

Price per share = $247,000 / (15,000 - 9,800)

Price per share = $247,000 / 5,200

Price per share = $47.50

5 0
3 years ago
Other questions:
  • When an economist says that the demand for a product has increased, this means that
    13·1 answer
  • 3M involves its customers in the process of developing new products. In this way, it can benefit from current customers' insight
    15·1 answer
  • How would the issuance of common stock for cash affect the accounting​ equation?
    6·1 answer
  • Martin wants to provide money in his will for an annual bequest to whichever of his living relatives is oldest. That bequest wil
    11·1 answer
  • Decisions today are becoming _____ complex, due to _____ uncertainty in the decision environment. Question 25 options: 1) less,
    9·1 answer
  • What is the chance of me being in the U.S. Air Force !!!!
    15·1 answer
  • The shoe department accounts for 2,700 square feet in a store and achieved sales per square foot of $800. Calculate the total sa
    7·1 answer
  • On January 1, 2019, the board of directors was considering the distribution of a $63,500 cash dividend. No dividends were paid d
    14·1 answer
  • Which of these is NOT human capital?
    9·1 answer
  • Effectively communicating the strategic vision to company personnel is important because:__________
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!