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
MArishka [77]
3 years ago
12

Ormondo inherited $7,000. He would like to invest all the money to use for his daughter's college in 10 years. If he invests $7,

000 at 6.75% for a 10-year period, how much interest will he have earned?
Business
1 answer:
Verizon [17]3 years ago
8 0
If interest computation is based solely on the invested amount of $7,000.00, interest per year is $472.50. For 10 years, the daughter will earn a total of $4,725.00 interest on top of the invested amount. But if interest is compounded annually, then the total interest at the end of 10 years would be $6,451.69.


You might be interested in
Marmol Corporation uses the allowance method for bad debts. During year 1, Marmol charged $30,000 to bad debt expense, and wrote
4vir4ik [10]

Answer: Option (d)

Explanation:

Under this case the write off will be as follow:

                                                                      Debit         Credit

Allowance for doubtful accounts                25,200  

Accounts receivables                                                     25,200

Here, in this case the Allowance for the doubtful accounts and Accounts receivables are further decreased as the outcome of the transaction made. Thus, there will be no further effect on working capital. Therefore the $30,000 that is bad debt would then be stated as the credit to allowance account. This will then decrease the working capital by $30,000.

4 0
3 years ago
The market value of any real or financial asset, including stocks, bonds, or art work purchased in hope of selling it at a profi
HACTEHA [7]

Answer: False

Explanation:

These are financial assets that has existing market invariably there prices are determined by market forces.

Discounting flows refers to project that are to produce inflows into the future the discount helps to determine the present value of the future inflows.

6 0
3 years ago
In the context of business markets, _____ represents the fact that business buyers tend to be larger in size but fewer in number
tigry1 [53]

Answer:

concentrated demand

Explanation:

Business to business (B2B) salespeople have a very different job than regular salespeople, since every client matters and every client is VIP. B2B buyers know exactly what they want, and they will demand the best possible product at the least possible cost, specially if they are large corporations. The advantage of B2B sales is that one big sale can make a huge difference to your company and yourself. For example, companies that supply auto parts generally have only a few clients, since there are less than 10 car manufacturers in the US, but any sale involves millions of units.

7 0
3 years ago
Zeus industries bought a computer for $2868. it is expected to depreciate at a rate of 18% per year. what will the value of the
Natali [406]
Year 1: $2351.76
year 2: $1928.44
year 3: $1581.32
year 4: $1296.69

Depreciation Amount = Asset Value x Annual Percentage

Decreased Value = Asset Value - Depreciation Value
5 0
3 years ago
You have been hired as a consultant by Feludi Inc.'s CFO, who wants you to help her estimate the cost of capital. You have been
Lisa [10]

Answer:

CAPM=5.6\%

Explanation:

as it is said we must apply the CAPM model, so we have:

CAPM=r_{f}+\beta (E\(r_{m})-r_{f} )

where CAPM is the capital asset pricing model, r_{f} is the risk free of the market, \beta is the relation between the market benchmark and an asset return, and E(r_{m}) is the  expected return of an asset

CAPM=0.041+1.3(0.0525-0.041)

CAPM=5.6\%

8 0
3 years ago
Other questions:
  • Crabby Shores stock is expected to return 15.7 percent in a booming economy, 9.8 percent in a normal economy, and 2.3 percent in
    9·1 answer
  • What report do you receive after you complete the FAFSA?
    12·2 answers
  • Tom’s T.V.’s sold one of their premium products, a new 60" flat screen 3D T.V. to a customer who paid $2,000 in cash. How would
    13·1 answer
  • Which of the following stages in a buying sequence will result in a specific option or set of options from which price, delivery
    13·1 answer
  • Which responsibility is a project manager mostly likely to have in a web design company
    7·2 answers
  • Bartoletti Fabrication Corporation has a standard cost system in which it applies manufacturing overhead to products on the basi
    11·1 answer
  • Lasseter Corporation has provided its contribution format income statement for August. The company produces and sells a single p
    15·1 answer
  • _____ are any aspects of a good or service that a customer must believe in but cannot personally evaluate even after purchase an
    10·1 answer
  • The following data apply to Garber Industries, Inc. (GII): Value of operations $1,000 Short-term investments $100 Debt $300 Numb
    8·1 answer
  • True or false Decentralization refers to the degree to that decision making is concentrated to the top of the organization
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!