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BigorU [14]
3 years ago
9

Gilbert has just started saving for a new horse. He plans to make savings payments of $700 each year for the next 5 years and ha

s just made his payment. How much will he have saved at the end of year 5 if the interest rate is 4.5%
Business
1 answer:
steposvetlana [31]3 years ago
6 0

Answer:

the value that should be saved is $4,001.82

Explanation:

The computation of the amount that should be saved at the year end of 5 years in that case where the rate of interest is 4.5% is shown below:

Value in 5 years is

= (1 + rate) × Annual Payment × [{(1 + rate)number of years - 1} ÷ rate]

= (1 + 0.045) × $700 × [{(1 + 0.045)^5 - 1} ÷ 0.045]

= $731.50 × [0.2462 ÷ 0.045]

= $731.50 *×5.4707

= $4,001.82

Hence, the value that should be saved is $4,001.82

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Inadequate disclosure occurs when: a. A company attempts to overstate assets to make their financial position look better. b. Ma
Fudgin [204]

Answer: Option B

         

Explanation: In simple words, inadequate disclosures refers to the situation when a company fails to make accurate or enough discloses in a statement as required by various laws and regulations.

The disclosure can be done through any medium such as media or in the yearly statement but if it does not contain proper information that it will be considered as an offence and suitable actions could be taken.

7 0
3 years ago
Ally Bank advertises "24/7 live customer care," which means that customer can call by telephone and speak with a human being abo
Sidana [21]

Answer:

Ally Bank is emphasizing the Empathy dimension of service quality

Explanation:

Empathy -

It refers to the practice of providing proper attention and help to consumers , is referred to as empathy .

In companies these practice is done in order to help the consumers in the best possible manner , which will in turn help the company with good feedback and profit .

Hence , from the given scenario of the question ,

The correct answer is empathy .

4 0
3 years ago
Last week at a​ festival, a man sold 5 times as many​ tie-dyed T-shirts as​ silk-screened shirts. He sold 234 shirts altogether.
Kipish [7]

Answer:

The tie-dyed t-shirts is 195

Explanation:

Let us assume the silk-screened shirts be X

And, the tie-dyes t-shirts would be = 5X

And, the total value equals to

silk-screened shirts + tie-dyes t-shirts

X + 5X = 234

6X = 234

X = 234 ÷ 6 = 39 shirts

So, the silk-screened shirts are 39 and, the tie-dyed t-shirts is 5 time of silk-screened shirts.

After total of the silk-screened shirts and  the tie-dyed t-shirts, the total number of shirts would be same i.e 234 t-shirts.

Therefore, the tie-dyed t-shirts is 195

6 0
3 years ago
A and B formed a partnership, each contributing non-cash assets into the partnership. Partner A contributed inventory with a cur
Veseljchak [2.6K]

Answer:

A and B both are responsible for this result

8 0
4 years ago
The expense recognition principle indicates: Multiple Choice the ordering of current assets and current liabilities on the balan
Nesterboy [21]

Answer:

when costs are recognized as expenses on the income statement.

Explanation:

The expense recognition principle is an accounting principle which is typically used on accrual basis accounts and it states that expenses incurred by an individual or business entity should be recognized and matched in the same period with respect to the revenues they are related to.

The expense recognition principle indicates when costs are recognized as expenses on the income statement.

For instance, company XYZ purchases a property worth $90,000 in June, it was then sold in July for $250,000. Based on the expense recognition principle, the $90,000 cost shouldn't be recognized by company XYZ as an expense until July, when the related revenue would be recognized also. Else, if recognized, its expenses would be overstated by $90,000 in June, and consequently understated to the tune of $250,000 in July.

Additionally, the expense recognition principle helps business owners to calculate their taxes and profits or losses properly.

6 0
3 years ago
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