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3 years ago

How much would you need to deposit in an account now in order to have $3000 in the account in 15 years

Business

1 answer:

Anika [276]3 years ago

6 0

Answer:

Results are below.

Explanation:

Giving the following information:

Future value= $3,000

Number of periods= 15 years

I will assume an interest rate of 8% compounded annually.

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

PV= FV/(1+i)^n

PV= 3,000/1.08^15

PV= $945.73

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Clara is looking into investing a portion of her recent bonus into the stock market. While researching different companies, she

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Answer: sorry idk :(

Explanation:

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4 years ago

Listed below are certain costs or discounts incurred in the purchase or construction of new plant assets.1. Indicate whether the

TEA [102]

Answer

The answer and procedures of the exercise are attached in a the following image.

Explanation

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3 years ago

At the beginning of the month, the Painting Department of Skye Manufacturing had 20,000 units in inventory, 70% complete as to m

Nadusha1986 [10]

Answer:

a. $2.00; $4.50

Explanation:

Equivalent unit of material = 120,000 units + (15,000 units*40%)

Equivalent unit of material = 120,000 units + 6,000 units

Equivalent unit of material = 126,000 units

Cost per equivalent unit of material = ($22,400 + $229,600) / 126,000 unit

Cost per equivalent unit of material = $252,000 / 126,000 unit

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Equivalent unit of conversion cost = 120,000 units + 1,500 units

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4 years ago

If demand for product "A" were forecast at 1,000,000 units for the coming year and your factory has one machine capable of produ

hichkok12 [17]

Answer:

Explanation:

Data provided in the question

Annual demand of product A = 1,000,000 units

Per week production for one machine = 4,500 units

So for annual the production for one week is

= 4,500 weeks × 52 weeks

= 234,000 units

Now the gap left is

= 1,000,000 units - 234,000 units

= 766,000 units

So, the similar machines would be

= 766,000 units ÷ 234,000 units

= 3.27

= 4 round off

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3 years ago

Depreciation is the accountant's estimate of the cost of ______ used in the production process matched with the benefits produce

faust18 [17]

Answer:

Fixed assets and equipment

Explanation:

Depreciation is the accountant's estimate of the cost of fixed assets and equipment used in the production process matched with the benefits produced from owning it.

It is the decrease in the value of assets and the method used to reallocate the cost of asset over its useful life span.

Assets can be categorized as :

1. Current

2. Fixed

3. Tangible

4. Intangible assets.

In accounting, there are several standard methods of computing depreciation expense:

1. Fixed percentage

2. Straight line

3. Declining balance methods.

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3 years ago