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maria [59]
3 years ago
14

You are hoping to buy a new boat 3 years from now, and you plan to save $5,800 per year, beginning one year from today. You will

deposit your savings in an account that pays 5.2% interest. How much will you have just after you make the 3rd deposit, 3 years from now
Business
1 answer:
sweet-ann [11.9K]3 years ago
3 0

Answer:

FV= $17,701.6

Explanation:

Giving the following information:

Annual deposit (A)= $5,800

Interest rate (i)= 5.2%

<u>To calculate the future value after the third deposit, we need to use the following formula:</u>

<u></u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,800*[(1.052^2) - 1]} / 0.052 + 5,800

FV= $17,701.6

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mash [69]
The answer you are looking for is copyright
5 0
3 years ago
Compared with supermarkets, the product mix for vending machines is: __________.
Vlada [557]

Answer:

d. shallower and narrower

Explanation:

Product width basically refers to how many different product lines are sold, and obviously a supermarket sells hundreds of product line, while a vending machine generally sells soft drinks or snacks, which is only 1 product line.

The product depth refers to the amount of products sold, and a supermarket is much larger than a vending machine so it can sell many more products.

7 0
3 years ago
Stellar Corporation engaged in the following cash transactions during 2017. Sale of land and building $194,800 Purchase of treas
Law Incorporation [45]

Answer:

The cash provided by investing activities is $91900

Explanation:

The net cash provided or (used) by investing activities is computed thus:

Sale of land and building                     $194800

Purchase of land                                    ($44700)

Purchase of equipment                          ($58200)

Net cash provided by investing activities $91900

The purchase of treasury refers to purchase of own shares from shareholders,hence it is a financing activity

Payment of dividends to shareholders is also a financing activity

Issuance of common stock and retirement of bonds are also financing activity-related,as a result they do not feature in the above computation of cash provided or used by investing activities

3 0
3 years ago
Qualification certification and credentialing personnel are part of which nims management.
gladu [14]

The qualification certification and credentialing personnel are all part of the comprehensive resource management of NIMS

<h3>What is the meaning of nims management?</h3>

NIMS means the National Incident Management System.

The management system ensures that the government, nongovernmental organizations and private sector  work together to prevent, protect and respond to incidents.

However, the qualification certification and credentialing personnel are all part of the comprehensive resource management of NIMS.

Read more about NIMS

<em>brainly.com/question/14420110</em>

3 0
2 years ago
Of the following activities which is MOST likely to be an interaction between the financial manager and the information systems
ryzh [129]

Answer:

The correct answer is the option A: Developing a system to bill customers, pay suppliers and track inventory.

Explanation:

First of all, an<em> information systems manager</em> has the job of creating, developing and monitoring information systems that could possibly help the organization in its entire structure to improve its performance and therefore that manager focuses in the importance of information as an asset and how could it supports the decision making process for the other executives.

Second of all, a <em>financial manager</em> has the responsability to care about the health of the institution regarding subjects involving money and all of the companies assets. That manager must focuses in the organization of the resources that could help the organization to achieve its goal and how to use them in a proper way.

Finally, in the situation where both of those managers interact together, the main purpose will be to develop an information system, created by the information system manager, that could help the organization to gather information regarding the payment to suppliers, the track of inventory and the bill of customers due to the fact that a system with all that information will help the financial manager to take decisions more properly in order to achieve success.

4 0
3 years ago
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