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Lisa [10]
2 years ago
8

Suzette is receiving $10,000 today, $15,000 one year from today, and $25,000 four years from today. She will immediately invest

these funds for retirement. If she earns 9.6 percent on her investments, how much will she have in savings 30 years from today
Business
1 answer:
vfiekz [6]2 years ago
6 0

Answer:

$641,547.38

Explanation:

The formula for calculating future value:

FV = P (1 + r)^n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

We are to determine the future value of these cash flows. But to determine the future value, we need to determine the present value of the cash flows.

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

To find the PV using a financial calculator:

Cash flow in year 0 =  $10,000  

Cash flow in year 1 =  $15,000

Cash flow in year 2 = 0

Cash flow in year 3 = 0

Cash flow in year 4 = $25,000

I = 9.6

PV = 41,012.11

FV : 41,012.11(1.096)^30 = $641,547.38

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

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Since Al's Auto Parts has had trouble with its windshield wiper manufacturer inthe past, it is requesting a guarantee from the c
mixer [17]

Answer:

The correct answer is (B)

Explanation:

Assurance refers to financial inclusion that gives compensation for goods and service. Assurance is partially different than insurance, assurance is partially implemented for an unlimited period. The company wants assurance because of the lack of confidence due to bad past experience. Assurance or insurance is usually provided to the customers to regain their confidence. In this scenario it is feasible to request a guarantee before placing next order.

4 0
2 years ago
Included in Vernon Corp.'s liability account balances at December 31, 2017, were the following: 7% note payable issued October 1
Pavlova-9 [17]

Answer:

Explanation:

Short-term: due within a year after closing the statment: that is Dec 31th 2018

There are two promissory notes outstanding:

October 1st

and April 1st

April 1st 2017 was refinanced to a single payment in the long-term thusnot short term

Also during March, the borrower agree  to refinance

The negociation for Oct 1st provee successfully thus we should consider the promissory note long-term notes still.

We can conclde there are no hort term note payable for Vernon as it manage to refinance all his short.term debt

7 0
3 years ago
These items are taken from the financial statements of Martin Corporation for 2017.
ella [17]

Answer:

Service revenue                                    68,000

Utilities expense                             2,000

Maintenance and repairs expense 1,800

Depreciation expense                    3,600

Insurance expense                         2,200

Salaries and wages expense       37,000

Total expenses                                <u>     (46,600)   </u>

Net Income                                             21,400

Retained earnings (beginning) $31,000

Net Income                                  21,400              

Dividends                                <u>   (12,000)   </u>

Ending Retained Earnings         40,400

Balance Sheet

Assets

current

Cash                           10,100

Accounts receivable  11,700

Prepaid insurance  <u>    3,500   </u>

total current              25,300

Non-Current

Equipment(net)         48,400

Total Assets:              73,700

Liabilities

Accounts payable                18,300

Salaries and wages payable 3,000

Total Liabilities                      21,300

Equity

Common stock           12,000

Retained Earings        40,400

Total Equity                 52,400

Total Liabilities + Equity        73,700

Explanation:

First, we do the income statmeent which is revenues less expenses accounts

Then, we do the retained earnings.

To the beginning balance we add up the net income and subtract the dividends.

Then, end with the blaance sheet:

first assets in order of liquity

then liabilities and last equity using the retained earnings balance we calcualted.

5 0
3 years ago
The infographic suggests making small payments on your student loans even before they’re due, yet that won’t automatically get y
dem82 [27]

The benefit that a student can obtain by paying off his student loan before the due date is that his debt is diminishing.

<h3>What is a student loan? </h3>

A student loan is an aid offered by some public and private entities to those students who are going to start their university studies to lend them the money that their degree is worth.

These entities then establish fees that the student must pay from time to time. However, several of these entities charge interest and other percentages for lending this money to students.

<h3>What is the benefit of making small advance payments? </h3>

The benefit of paying in advance is that the student will pay off his loan more quickly, which will free him/her from paying higher interest in the future.

Note: This question is incomplete because the infographic is missing. However I can answer it based on my prior knowledge.

Learn more about infographics in: brainly.com/question/14267721

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Answer:

a. Many countries in Europe and Asia were devastated after World War II and had to be rebuilt.

Explanation:

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b) The postwar boom increased demand for product.

c) The cultural traditions did changge but not in that direction the world divided into Communinst and Capitalism

d) No, they weren't at all. Even Britain who didn't suffer land invasion has the south coast in ruins as a resutl of the aereal battle of brittian.

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3 years ago
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