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mafiozo [28]
3 years ago
10

Your coin collection contains 42 1948 silver dollars. If your grandparents purchased them for their face value when they were ne

w, how much will your collection be worth when you retire in 2057, assuming they appreciate at a 8 percent annual rate
Business
1 answer:
Travka [436]3 years ago
7 0

Answer:

$184,687.98

Explanation:

assuming that silver dollars were issued in 1948 (actually no silver dollars were produced that year), your grandparents purchased them at $42. From 1948 to 2057 there are 109 years:

future value = present value x (1 + r)ⁿ

  • present value =$42
  • r = 8%
  • n = 109 years

future value = $42 x 1.08¹⁰⁹ = $184,687.98

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which of these do you do first. when planning your career? a. make a list of you job preferences and skills. b. apply for as man
Alex777 [14]

Answer:

a. make a list of you job preferences and skills.

7 0
3 years ago
During 2022, Sheridan Company entered into the following transactions.
malfutka [58]

Answer with its Explanation:

Transaction 1: The purchase of equipment is increase in the fixed assets and as the amount paid is in cash, the decrease in cash asset will also be with the same amount. This means the net effect on assets will be zero.

Accounting Equation is given as under:

Fixed Assets + Current Asset  = Equity + Liability

Equipment 318,770   -  Cash $318,770  = Zero Net Effect

Transaction 2: The increase in the equity will increase the current asset as well here, which means:

Fixed Assets + Current Asset  = Equity + Liability

Current Assets + $139,050   =  Issued common stock + $139,050

Transaction 3: The purchase of inventory on account means that the current asset would be increased and the payables will increase with the same amount. The effect on the accounting equation is given as under:

Fixed Assets + Current Asset  = Equity + Liability

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4 0
3 years ago
Before buying an existing business, you need to identify if the business’s problems can be fixed.
kifflom [539]

The statement is true

3 0
3 years ago
Read 2 more answers
Colors of cars in a mall parking lot is?
juin [17]

Answer: Categorical

Explanation:

Categorical data refers to data that enables variables to be grouped into categories but in such a way that there is no ordering to the categories.

In this scenario, the cars will be grouped by their colors but these colors cannot be ordered by saying that red is higher than blue or yellow is higher than white. It is therefore Categorical data.

6 0
3 years ago
A dozen eggs cost $0.96 in December 2000 and $1.82 in December 2017. The average wage for workers in private industries was $14.
pogonyaev

Answer:

the percentage in which the price of the dozen eggs rise is 89.58% or 90%

Explanation:

The computation of the percentage in which the price of the dozen eggs rise is shown below;

Percentage Change in Dozens egg price is

= (Price in 2017 - Price in 2000) ÷ Price in 2000 × 100

= ($1.82 - $0.96) ÷ $0.96 × 100

= 89.58% or 90%

Hence, the percentage in which the price of the dozen eggs rise is 89.58% or 90%

8 0
3 years ago
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