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andreev551 [17]
3 years ago
9

You have just made your first $4,400 contribution to your retirement account. Assume you earn a return of 13 percent per year an

d make no additional contributions. a. What will your account be worth when you retire in 29 years
Business
1 answer:
DENIUS [597]3 years ago
4 0

Answer: $152,309.69

Explanation:

You are looking for the future value of this amount in 29 years assuming it will be compounded annually.

Future value = Amount * (1 + rate)^ number of years

= 4,400 * ( 1 + 13%)²⁹

= $152,309.69

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I’ll give 20 points to the best answer !!!
elena-14-01-66 [18.8K]

Answer:

The answer is "Slide Master View"

Explanation:

Slide Master Look is indeed the name of this feature. This can help you keep track of all the presentations you've created and change those ones that require work or even more information. The additional feature is the ability to change the presentation's actual picture, as it may be extended to all slides. Slide master view also allows you to change the text format & placeholders.

7 0
3 years ago
A company is considering a project with a cash break-even point of 22,600 units. The selling price is $28 a unit, the variable c
Ludmilka [50]

Answer:

fixed Cost 39,000

Explanation:

<u>The break even point is the level of sales at which net income equal to zero.</u>

This means the company operates and pays their fixed and variable cost

<u>The formula for break even point in units is:</u>

BEP_{units} = \frac{Fixed \: cost}{Contribution \: per \: units}

<u>Where:</u>

Contribution per unit = Selling price - variable cost

<em>15 per unit           =  28 - 13 </em>

<em />

We are given the BEP and we need to solve for Fixed cost

22,600 = \frac{Fixed \: cost}{15}

Fixed Cost = 22,600 x 15 = 39,000

The depreciation expense is irrelevant for the case, we can solve for the total fixed cost directly by using the BEP

4 0
4 years ago
The following data is available for Blaine Corporation at December 31, 2012: Common stock, par $10 (authorized 25,000 shares) $2
uysha [10]

Answer:

a) b.20,000

b) b.20,000

Explanation:

a) Number of common stocks issued = 200,000/10

                                                              = 20,000

So, 5000 stocks remain with company.

Number of common stocks outstanding = 20000

b)  b. 20,000                                                                

7 0
3 years ago
What information is important when choosing a healthcare plan?
Nataliya [291]
5 Things to Consider When ChoosingYour Health Coverage

Type of plan and provider network. Do the health care providers, hospitals and pharmacies you prefer fall within the plan's network?

Premiums. How much will you pay per month for coverage?

Deductibles. What is the amount you must pay out of pocket before your coverage kicks in?

Copay or coinsurance

Coverage of Medicines




I hope it helped you!
8 0
3 years ago
Agee Technology, Inc., issued 9% bonds, dated January 1, with a face amount of $400 million on July 1, 2016, at a price of $380
SpyIntel [72]

Answer:

Cash flow from financing activities-$380 million

Cash flow from operating activities($18*2)   ($36 million)

Explanation:

The amount received from the issue of bonds would appear in the cash flows under the financing activities as cash inflow since the bondholders mad cash available to Agee Technology Inc, in form of loan repayable in future.

The coupon interest for the year (both for June 30 and December 31) would appear as cash outflow under the operating activities section of the statement of cash flow.

Coupon payment for June=$400 million*9%*6/12=$18

Coupon payment for December=$400 million*9%*6/12=$18

The coupon payment for December is included since the payment is made on 31st December,there should not be any time lag between payment and recording the necessary entries.

5 0
3 years ago
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