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alex41 [277]
3 years ago
15

Shane wants to invest money in a 6% CD account that compounds semiannually. Shane would like the account to have a balance of $1

20,000 3-years from now. How much must Shane deposit to accomplish his goal
Business
1 answer:
ANTONII [103]3 years ago
3 0

Answer:

84165.59

Explanation:

12000=x(1+\frac{.06}{2})^{2*6}\\.\frac{120000}{(1.03)^{12}}=84165.58562

which we will round to 84165.59

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Petrenko Corporation has outstanding 2,000 $1,000 bonds, each convertible into 50 shares of $10 par value common stock. The bond
cricket20 [7]

Explanation:

The Journal entry is given below :-

Bonds payable                                      $2,000,000

      To common stock                          $1,000,000

      To Discount on common stock     $30,000

      To Paid in capital                            $970,000

The calculation of bonds payable, common stock is below:-

For bonds payable            

= 2,000 × $1,000

= $2,000,000

For common stock

= 2,000 × 50 × $10

= $1,000,000

For paid in capital

= $2,000,000 - ($1,000,000 - $30,000)

= $970,000

4 0
3 years ago
Which is a form of Malware?
makvit [3.9K]

Answer:

D. Trojan Horse, nice to know some computer lab info of mine didn't go to waste

Explanation:

6 0
3 years ago
Problem 16-15 MM and Taxes [LO2] Meyer & Co. expects its EBIT to be $111,000 every year forever. The firm can borrow at 8 pe
Aleks04 [339]

Answer:

a) 12.87%

b) 11.03%

Explanation:

EBIT with no debt = $111,000

net income = $111,000 x (1 - 22%) = $86,580

total value of the firm with no debt = $86,580 / 12% = $721,500

value of the firm after debt is taken = $721,500 + ($165,000 x 22%) = $757,800

debt to equity ratio after debt is taken = $165,000 / ($757,800 - $165,000) = 27.834%

new cost of equity (Re) = 12% + [(12% - 8%) x 27.834% x (1 - 22%)] = 12.87%

WACC = (0.72166 x 12.87%) + (0.27834 x 8% x 0.78) = 9.288% + 1.737% = 11.025$ = 11.03%

4 0
3 years ago
The demand for good X is estimated to be Qxd = 10,000 − 4PX + 5PY + 2M +
AX where PX is the price of X, PY is the price of good
Olenka [21]

Answer:

Explanation:

  • Given the equation ; Qxd = 10,000 − 4PX + 5PY + 2M + AX
  • where PX is the price of X = $50
  • PY is the price of good Y = $100
  • M is income = $25,000
  • and AX is the amount of advertising on X = 1,000 units

a) Calculate the quantity demanded of good X ; Plugging all the values into the equation ;

= 10,000 − 4(50) + 5(100) + 2(25,000) + 1000

Qxd = 61,300units

b) Calculate the own price elasticity of demand for good ;

= d(Qxd)/dpx X px/Qxd = -4 x 50/61,300

= 0.0033. hence he demand for goods is inelastic

c) l will surely recommend lowering the price as this is evident from the value of the price elasticity of demand which is negative as such an increase in the price of their goods will give rise to total loss

d ) cross-price elasticity between goods X and Y = %change in quantity/ %change in price

e) Calculate the income elasticity of good X. Is good X normal or an inferior good? = dQ/dM X M/Q = 2(25000) /61300

= 0.82.

Yes! Good X is a normal goods since the value of the income elasticity is positive.

5 0
3 years ago
Concept maps work because they _______. a. are colorful and interesting b. can be drawn by almost anyone c. visually demonstrate
stich3 [128]

Answer:

concept maps work because they <u>visually demonstrate relationships</u>

8 0
2 years ago
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