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IgorC [24]
3 years ago
6

You want to have $2.7 million when you retire in 37 years. You feel that you can save $600 per month until you retire. What APR

do you have to earn in order to achieve your goal
Business
1 answer:
PilotLPTM [1.2K]3 years ago
6 0

Answer:

9.87%

Explanation:

Calculation to determine What APR do you have to earn in order to achieve your goal

$2.7 million = $600{[(1 + r)444 − 1] / r}

r = .0082*100

r=.82%

r = .82% × 12

r = 9.87%

Therefore the APR you have to earn in order to achieve your goal is 9.87%

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Below are several transactions for Crimson Tide Corporation. A junior accountant, recently employed by the company, proposes to
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Answer:

Crimson Tide Corporation

 Accounts Titles             Debit      Credit

1. Dividends                     $800

  Cash                                          $800

To record payment of dividends.

2. Accounts Receivable $3,400

   Service Revenue                     $3,400

To record provision of services on account.

3. correct

4. Cash                          $400

   Accounts Receivable                $400

To record the receipt of cash on account.

5. Accounts Payable    $1,200

   Cash                                           $1,200

To record payment on account.

Explanation:

The correct entries have been provided as above.  The first step in recording transactions in the journal is to recognize the accounts involved.  Then, identify which account is to be debited and which is to be credited, following basic accounting principle and based on the accounting equation of Assets = Liabilities + Equity.

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3 years ago
A researcher wants to find out if adults who watch violent television shows will behave more aggressively. Name the dependent va
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The scientists are trying to find if TV causes aggressions. TV is the independent variable and aggression depends on if the adults watch the TV.

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Answer:

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A new policy introduced.

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Next, as the new policy is implemented, the demand for trees would reduce with an increasing demand for forestry services to provide helpful guide on growing new trees.

A steady, sustainable profit lasting is guaranteed since more trees planted means more trainings, which means more services rendered and more service fees charged.

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In the state of Florida if you're convicted of reckless driving you'll be assessed how many points
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