Answer:
$184,687.98
Explanation:
assuming that silver dollars were issued in 1948 (actually no silver dollars were produced that year), your grandparents purchased them at $42. From 1948 to 2057 there are 109 years:
future value = present value x (1 + r)ⁿ
- present value =$42
- r = 8%
- n = 109 years
future value = $42 x 1.08¹⁰⁹ = $184,687.98
Critical thinking.
Even if you find a result, you have to decide if it is accurate and what it really represents. The viewers of one particular TV program are not likely representative of the views of an entire city.
Answer:
New Current ratio will be 1.82
Explanation:
Current assets = $1,490,000
Current liabilities = $820,000
New stock issued = $175000
Current Ratio = Current Assets / Current Liabilities
Current Ratio = $1,490,000 / $820,000
Current Ratio = 1.8171 = 1.82
New Stock issue will not effect the current ratio as current ratio only deals the current assets and current liabilities ( as given in formula above ). Any equity transaction will not effect this ratio.
Answer:
$3,769.50
Explanation:
The computation of federal income tax is shown below:-
Since the taxable income is $33,000
So on the first $9,525 the 10% tax rate is charged i.e $952.50
Now the remaining amount left i.e
= ($33,000 - $9,525) × 12%
= $2,817
So, the total federal income tax for the year 2018 is
= $952.50 + $2,817
= $3,769.50
Hence, the second option is correct
