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vlabodo [156]
2 years ago
7

6. MMF Value. Bart is a college student who has never invested his funds. He has saved $1,000 and has decided to invest it in a

money market fund with an expected return of 2.0%. Bart will need the money in one year. The MMF imposes fees that will cost Bart $20 at the time he withdraws his funds. How much money will Bart have in one year as a result of this investment
Business
1 answer:
Gnesinka [82]2 years ago
3 0

Answer:

Results are below.

Explanation:

Giving the following information:

Initial investment (PV)= $1,000

Number of periods (n)= 1 year

interest rate (i)= 0.02

Withdrawal cost= $20

<u>First, we will determine the future value (FV) of the investment:</u>

FV= PV*(1 + i)^n

FV= 1,000*(1.02^1)

FV= $1,020

<u>Now, how much is left for Bart:</u>

<u></u>

Net amount= 1,020 - 20

Net amount= $1,000

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To teach High School, you need a Bachelors degree.

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IgorC [24]

The 3 activities which are part of the function of accounting includes:

  • Classifying financial transactions
  • interpreting financial transactions
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Accounting (<em>including bookkeeping</em>) refers to the process of recording, preparing, analyzing and interpreting financial information or statements for future purpose.

As regards the options, 3 activities which are part of the function of accounting includes:

  • Classifying financial transactions
  • interpreting financial transactions
  • Recording financial transactions

In conclusion, the process of accounting helps to identifies, records, classifies and communicate the company's economic events to interested users.

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2 years ago
Cash to Monthly Cash Expenses Ratio Capstone Turbine Corporation produces and sells turbine generators for such applications as
Andrej [43]

Answer:

a) $1,918.17

b) 16.8 months

C) Yes, Capstone Turbine will remain in business.

Explanation:

a) To find the monthly cash expenses, we have:

Monthly cash expenses = negative cash flow from operations / 12

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= $1,918.17

b) To find the ratio of cash to monthly cash expenses, we have:

Ratio of cash to monthly cash expenses = Year end cash / monthly cash expenses

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= 16.797

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The answer is C

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