1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
By examining relationships between items in the statement of cash flows, investors and creditors can do all of the following exc
d1i1m1o1n [39]

Answer:

determine cash investing and financing transactions made during the period.

Explanation:

When you analyze the statement of cash flows, you can determine and predict how will operating cash flows be in the future. E.g. a project is generating high amounts of cash, so you can predict that it will continue to do so for some time. But what you cannot predict or even compare is related to the financial and investing transactions that the company will make in the future. E.g. by analyzing a cash flow you cannot know if the company will decide to invest in other projects or will it decide to issue more stocks.

5 0
3 years ago
The FIFO method provides a major advantage over the weighted-average method in that: A. the calculation of equivalent units is l
Scrat [10]

Answer:

C. the FIFO method separates the work done during the current period to provide measurements of work done during the current period.

Explanation:

When you are calculating production costs and equivalent units, FIFO method only focuses on the goods produced during the accounting period and basically doesn't consider previous costs associated to beginning inventory. On the other hand, the weighted average method includes both current costs and costs associated to beginning WIP.

3 0
3 years ago
Applying the time-period concept
Gelneren [198K]

Answer:

a) $200

b) $3,000

c) $900

d) $50

Explanation:

The amount of each adjustment will be as follows

a) Business receives $2,000 on January 1 for 10-month service contract for the period January 1 through October 31.

Thus,

Monthly amount

= Total amount ÷ Duration from January 1 through October 31.

= $2,000 ÷ 10

= $200

b)  Total salary for all employees is $3,000 per month. Employees are paid on the 1st and 15th of the month.

since the salary is paid per month it will be remain $3,000 after adjusting

c) The bill for the customer for the month is $900

d) The interest payable will remain same as $50 is paid each month

6 0
3 years ago
Rasheed works for Company A, earning $299,000 in salary during 2019. Assuming he is single and has no other sources of income, w
Vaselesa [24]

Answer:

$13,466

Explanation:

For 2019, the wage limit for Social Security tax is $132900

Thus;

Social Security tax $132,900x 6.2% = $8,239.80

Medicare tax = $299,000 x 1.45% = $4335.50

Additional Medicare Tax ($299,000 - $200000) x 0.9% = $891

therefore,

Amount of FICA Tax = $8239.80 + $4335.50 + $891 = $13,466.30 which is approximately $13,466

6 0
3 years ago
One advantage of using the internet as an advertising medium is
bekas [8.4K]
<span>One advantage of using the internet as an advertising medium is that you can control the size of audience you are trying to reach. Through IP addressed, you can create a broad group, or narrow in on a specific area within a city. Through such targeting, a marketing team can control the message delivered within the target market and control the amount of money spent on the campaign.</span>
4 0
3 years ago
Other questions:
  • Executive Office Supply, a small family-owned company, sells high-priced desks, some as expensive as $10,000, to executives in i
    11·1 answer
  • You are patrolling a company parking lot and see two people trespassing near a car on the lot. you should first:
    12·1 answer
  • What positive qualities of a human resources professional help her or him explain company policies
    13·1 answer
  • When a location includes both quantitative and qualitative inputs, a technique that can be used is: Group of answer choices Line
    12·1 answer
  • An important part of the official government plan for restructuring the economy was _____.
    12·1 answer
  • According to the Security Risk Management: Building an Information Security Risk Management Program From the Ground Up textbook,
    5·1 answer
  • Bellingham Company produced 4,200 units of product that required 7 standard direct labor hours per unit. The standard variable o
    9·1 answer
  • Sheila Williams, a medical secretary, earns $2,437 monthly for a 34-hour week. For overtime work, she receives extra pay at the
    6·1 answer
  • 4) An investor has $60,000 to invest in a $280,000 property. She can obtain either a $220,000 loan at 9.5 percent for 20 years o
    5·1 answer
  • Compute the Work-In-Process transferred to the finished goods warehouse on April 30 using the following information:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!