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Kryger [21]
4 years ago
7

Compute the amount that a $42,000 investment today would accumulate at 11% (compound interest) by the end of 6 years.

Business
1 answer:
kap26 [50]4 years ago
6 0

Answer:

FV= $78,557.41

Explanation:

Giving the following information:

Initial investment (PV)= $42,000

Interest rate (i)= 11% = 0.11

Number of periods= 6 years

<u>To calculate the future value (FV), we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 42,000* (1.11^6)

FV= $78,557.41

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Tim Dye, the CFO of Blackwell Automotive, Inc., is putting together this year's financial statements. He has gathered the follow
never [62]

Answer:

210,421 Long-Term Liabilities

Explanation:

We are going to use the accounting equation to solve for long term liabilities

Assets = Equity + Liabilities\\Liablities = short\: term + long\: term

Total Assets

cash 23,015

Account Receivables 141,258

Inventory 213,000

other current assets 11,223

PPE 714,100

goodwill and other assets 78,656

Total Assets 1,181,252

common stock  311,300

retained earnings 512,159

Total equity 823,459

We use he accounting equation to get total liabilities:

1,181,252 - 823,459 = 357,793 Total Liabilities

Now we calcualte the short-term debt

126,257 Account Payable

21,115 short-term Note Payable

Total Current Liabilities  147,372

And with this, the diference between short-term adn total liabilities is the long-term liabilities

357,793 - 147,372 = 210,421 Long-Term Liabilities

7 0
3 years ago
Consignment goods are:
Nady [450]

Answer:

Goods shipped by the owner to the consignee who sells the goods for the owner.

Explanation:

Consignment goods -

It refers to the goods holded by the consignee which is responsible for selling the goods , is referred to as consignment goods .

The consignee receives certain amount of money as commision for the goods .

This method is used by many manufacturing firm , to have a smooth and proper distribution of goods and services .

Hence , from the given question ,

The correct option is first one .

8 0
3 years ago
Can we run our business without training or not? Give reason.​
SashulF [63]

Answer:

Ha we can run our business if we have knowledge

and we have the grip on it and first we have to put interest.

5 0
3 years ago
Read 2 more answers
g Perfection purchased a 25% stake in Satisfactory for $486,000 on Jan 2, 2021. On Jan 1, 2021, Satisfactory had a book value of
Brums [2.3K]

Answer:

The value that Perfection records in it's books on Jan 2, 2021 related to its investment in Satisfactory is:

$486,000.

Explanation:

a) Data and Calculations:

Net asset value of Satisfactory = $1,944,000 on acquisition date

Stake purchased by Perfection = 25%

25% of the net asset value of Satisfactory = $486,000 ($1,944,000 * 25%)

b) There is no goodwill arising from the investment in Satisfactory.  The equity method will be used to account for the investment in the Satisfactory.  The Equity Method involves recording the investment in an associated company like Satisfactory when Perfection's ownership interest in Satisfactory is valued at 20–50% of the net assets.

5 0
3 years ago
When a consumer makes a purchase of a particular product...
noname [10]

Answer:

The consumer decision process is composed of problem recognition, search, evaluation, and purchase decision. Post-purchase behavior is the result of satisfaction or dissatisfaction that the consumption provides. The buying process starts when the customer identifies a need or problem or when a need arises.

Complex buying behavior.

Dissonance-reducing buying behavior.

Habitual buying behavior.

Variety seeking behavior.

Explanation:

8 0
3 years ago
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