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mestny [16]
3 years ago
7

Shirley adds $2,000 to her savings on the last day of each year. Shawn adds $2,000 to his savings on the first day of each year.

They both earn an 8% rate of return. What is the difference in their savings account balances at the end of 35 years
Business
1 answer:
Aneli [31]3 years ago
6 0

Explanation:

Shirley:-

Savings account balance after 35 years of CHRISTIE = 2000×(1.08)^35

= $31570.688

Shawn:-

Savings account balance after 25 years of Shawn = 2000 + 2000×(1.08)^34

= 2000 + 27380.2672

=$29380.2672

the difference in their savings account balances at the end of 35 years = $31570.6885 - $29380.2672

= $2190.4212

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balandron [24]

Answer:   Approximately seven years

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In 2019, a marketing manager for New Balance’s Fresh Foam Zante shoe needs to forecast sales through 2021. She begins with the k
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c) lost-horse forecasting.

Explanation:

According to my research on different types of forecasting methods, I can say that based on the information provided within the question the method being used in this situation is called lost-horse forecasting. This refers to using a value as a base, then analyzing all the factors and how they can affect the base value before making a final forecast. This is what the marketing manager is doing by using the known total in 2018 as a base and adjusting for different factors before making a sales forecast for 2021.

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3 years ago
Crane Company, organized in 2019, has set up a single account for all intangible assets. The following summary discloses the deb
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Answer:

Prepare the necessary entry to clear the Intangible Assets account and to set up separate accounts for distinct types of intangibles.

  • Dr Patents 387,900
  •     Cr Intangible assets 387,900

  • Dr Goodwill 341,000
  •     Cr Intangible assets 341,000

  • Dr Franchises 421,000
  •     Cr Intangible assets 421,000

   

  • Dr Copyright 145,200
  •     Cr Intangible assets 145,200

  • Dr Research and development expense 211,000
  •     Cr Intangible assets 211,000

Make the entry as of December 31, 2020, recording any necessary amortization:

  • Dr Patents 387,900
  •     Cr Intangible assets 387,900
  • Dr Amortization expense 43,100
  •     Cr Accumulated amortization - Patents 43,100

  • Dr Goodwill 341,000
  •     Cr Intangible assets 341,000

  • Dr Franchises 421,000
  •     Cr Intangible assets 421,000
  • Dr Amortization expense 42,100
  •     Cr Accumulated amortization - Franchises 43,100

   

  • Dr Copyright 145,200
  •     Cr Intangible assets 145,200
  • Dr Amortization expense 29,040
  •     Cr Accumulated amortization - Copyright 29,040

*R&D costs are expenses, they are not amortized.

Reflect all balances accurately as of December 31, 2020.  Use straight-line amortization .

  • Patents $344,800
  • Goodwill $341,000
  • Franchises $378,900
  • Copyright $116,160
4 0
3 years ago
T/F If firms from country A undertake $20 billion of FDI in firms from country B in year 1, and another $20 billion in year 2, t
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Answer: False

Explanation:

In both the first and second years, firms in country A undertook FDI projects of $20 billion in country B. This means that Country A had FDI outflows of $20 billion in those two years not inflows. Inflows are what happens when the FDI is coming into the country.

Country B on the other hand, was receiving money from country A. Country B therefore had FDI inflows of $20 billion in each of the two years and not outflows like Country A had.

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3 years ago
Calculate equilibrium price and quantity<br>Qd= 16-4P<br>Qs= 4+20P​
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Answer:

Can you tell me which grade are u in and is the question mcq or do u need to solve it?

3 0
3 years ago
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