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ELEN [110]
3 years ago
5

Required: 1-a. Calculate the future value at the end of three years. (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use appropr

iate factor(s) from the tables provided. Round your answers to 2 decimal places.)
Business
1 answer:
kobusy [5.1K]3 years ago
6 0

Answer: $2,398.55

Explanation:

The deposit at the end of year one would have been compounded by 2 years at the end of year 3. The second year deposit would have compounded by 1 year and the third year deposit would not have compounded at all.

The future value at the end of 3 years is;

= (500 * ( 1 + 11%)²) + (750 * ( 1 + 11%)) + 950

= $2,398.55

<em>The question might not be the exact same but you can use this as a reference. </em>

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PLEASE HELP WILL GIVE BRAINLIEST TO CORRECT ANSWER
Lady bird [3.3K]

Its: in favor as stated

3 0
3 years ago
Dowd, Elgar, Frost, and Grant formed a general partnership. Their written partnership agreement provided that the profits would
goblinko [34]

Answer:

The answer is: Edgar will receive $37,000

Explanation:

  • Dowd's share of the company's losses is $80,000
  • Edgar's share of the company's losses is $60,000
  • Frost's share of the company's losses is $40,000
  • Grant's share of the company's losses is $20,000

But since Grant is not willing to give more money to the partnership to cover his losses, the $9,000 difference must be divided by the remaining three partners. So they will divide Grant's losses as follows:

  • Dowd's share of the Grant's losses is $3,600
  • Edgar's share of the Grant's losses is $2,700
  • Frost's share of the Grant's losses is $1,800

Then you add up all the losses the three remaining partners had:

  • Dowd' total losses $83,600
  • Edgar's total losses $62,700
  • Frost's total losses $21,800

So when the partnership was dissolved, Edgar should have received $100,000 (capital) - $62,700 (total losses) = $37,200

I selected answer A since they probably rounded down Edgar's share to $37,000 (nearest possible choice).

6 0
3 years ago
What topic should not be discussed in a salon (Cosmetology) ​
sweet [91]

Answer:

What peoples insides look like.

Explanation:

I can list a few more.

but i don't think you want me too

3 0
2 years ago
The Evanec Company's next expected dividend, D1, is $3.03; its growth rate is 5%; and its common stock now sells for $34.00. New
Anestetic [448]

Answer:

(a) 14%

(b) 15%

(c) 15.48%

Explanation:

cost of retained earnings:

= ($3.03 ÷ $34) + 0.05

= 0.09 + 0.05

= 14%

Therefore, the Evanec's cost of retained earnings is 14%

Flotation cost percentage:

= [($34 - $28.90) ÷ $34] × 100

= 0.15 × 100

= 15%

Therefore, the Evanec's percentage flotation cost is 15%.

Cost of new common stock:

= ($3.03 ÷ $28.90) + 0.05

= 0.1048 + 0.05

= 15.48%

Therefore, the Evanec's cost of new common stock is 15.48%.

8 0
3 years ago
i have a friend i think of as my brother and i changed the emoji on messenger to the teddy bear emoji and his nickname to 'My Te
olga2289 [7]

Answer:

oh wow that's nice I think... XDD

5 0
2 years ago
Read 2 more answers
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