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blsea [12.9K]
3 years ago
5

Checkout counters are an example of this operating expense

Business
1 answer:
snow_tiger [21]3 years ago
6 0

Answer: Fixtures

Explanation:

Fixtures are a type of fixed assets that are so named because they are fixed to the property they are in, in such a way that it would require substantial work to remove them.

Checkout counters are fixed to the ground in grocery stores and other places that use them and trying to remove a checkout counters takes a lot of effort so they qualify to fall under fixtures.

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Answer:

<em>The future value of the investment will be $3,754</em>

Explanation:

<u>Future Value of Investment</u>

Suppose we have a principal P invested for a period of n years at an interest rate i compounded annually. The final value or future value FV of the investment can be computed by:

FV=P(1+i)^n

The case we are considering consists of a present value P=2,000 that will be used to purchase a n = 10-year certificate of deposit (CD). It pays i=6.5% interest. When the CD matures, 10 years from now its value will be

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FV=2,000\cdot 1.877=3,754

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