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
Scrat [10]
2 years ago
13

Mr. Gonzales has made beginning-of-year deposits into an investment account for the past 21 years. Each deposit was $5500, and t

he account earned interest at a rate of 4.5% APR, compounded quarterly, each year. Having made his last deposit one year ago, he now plans to transfer all of the accumulated funds today into a money-market account that earns an APR of 1.50% compounded quarterly. If he plans to withdraw $4000 from the account at the end of each quarter for the next 9 years (36 quarters), what will be the account balance total exactly seven years from now, immediately after he makes the last quarterly withdrawal
Business
1 answer:
mr_godi [17]2 years ago
5 0

Answer:

Mr. Gonzales has made beginning-of-year deposits into an investment account for the past 21 years. Each deposit was $5500, and the account earned interest at a rate of 4.5% APR, compounded quarterly, each year. Having made his last deposit one year ago, he now plans to transfer all of the accumulated funds today into a money-market account that earns an APR of 1.50% compounded quarterly.

You might be interested in
Scarbrough Corp. factored $600,000 of accounts receivable to Duff Corp. on October 1, year 2. Control was surrendered by Scarbro
Illusion [34]

Answer:

c.$538,685

Explanation:

Calculation to determine what Scarbrough will receive and record cash of

Receivables $600,000

Less: Amount of the hold back ($30,000)

($600,000 x 5%)

Less: Withheld as fee income ($18,000)

($600,000 x 3%)

Less: Withheld as interest expense ($13,315)

($600,000 × 15% × 54/365)

Cash $538,685

Therefore Scarbrough will receive and record cash of: $538,685

5 0
2 years ago
Marion Cosmetics decides to launch a cream with a claim that it makes skin "10 times smoother and reduces wrinkles by 90%. The c
SVEN [57.7K]

Answer:

It should report the result as it is, or improve the product to match its claim.

Explanation:

In the given situation, it is mentioned that cosmetics decided to introduce the cream with a claim that it makes the skin ten times smoother and decreased wrinkles by 90% also it is depend upon the 30 respondents

But the second study shows that there is a large correlation lies between the usage of the cream & smoother skin & decrease in wrinkles

So the most ethical approach is that it should be reported in the same way or it can be improved the product in order to match its claim

3 0
2 years ago
One of the ways governments control capital inflows and outflows is by:
AVprozaik [17]

Answer:

Regulating imports or exports. (I Think )

Explaination:

Capital controls are established to regulate financial flows that go in and out of the capital account meaning, the capital controls and regulates the imports and exports.

8 0
2 years ago
If income decreases and, at the same time, a new technology is discovered that lowers the cost of producing the good, which of t
Fiesta28 [93]

Answer:

b. Cannot tell the change in equilibrium quantity. The equilibrium price will decrease

Explanation:

Two things are going on here

1. Income decreases, that will shift demand inwards. People can buy fewer goods at any given price

2. New technology is discovered, that shifts supply outwards. Costs are reduced so producers can produce more at a given price

The resulting effects are that price will decrease but the result in quantity is undetermined. This can be seen with the two examples attached. In both cases, the shifting of the curves from D0->D1 and S0->S1 results in lower prices. However, in one case the equilibrium quantity goes up and in the other goes up.

4 0
3 years ago
Collection of projects, reports, exams, awards and other evidence of past experience and accomplishments which may serve as a su
Lady bird [3.3K]

Answer:

A)Career Portfolio

Explanation:

Career portfolio can be regarded as digital display of one's professional experience as well as accomplishments. It is usually used in planning, organizing as well as documentation of Educational, skills and work sample. It can be used when applying for jobs and training programs. It gives in-depth information compare to than a resume. It should be noted that Career Portfolio is Collection of projects, reports, exams, awards and other evidence of past experience and accomplishments which may serve as a summary of an individual’s interests and abilities and give a viewer an in-depth understanding of the individual’s personality and creativity.

4 0
2 years ago
Other questions:
  • 6. Calculating a country's population growth rate takes into account all of the
    6·2 answers
  • Which of the following should have the strongest cause and effect relationship with overhead costs? Non-value-added costs. Cost
    6·1 answer
  • Current information for the Healey Company follows:Beginning raw materials inventory $15,200 Raw material purchases 60,000Ending
    13·1 answer
  • What is anomie? What effects does it have?
    15·1 answer
  • Jeremiah flies an airplane for 2.7 hours at an average speed of 304.6 miles per hour. How far did Jeremiah fly?
    10·1 answer
  • A man is purchasing a house for $325,000. His lender requires a 20 percent down payment and 2 points at closing. The man is also
    6·1 answer
  • .Consumers are better off with pricing in the following order: 1)________; 2)________; 3)________.
    12·1 answer
  • The overall process of dealing with all aspects of acquiring, keeping, and growing customers is referred to as ________.
    5·1 answer
  • What are examples of Government and Public Administration careers? Check all that apply. O Lawyer O Security Guard O Farmworker
    7·2 answers
  • a) A person has 5 trousers, 7 shirts, 6 ties, and 3 pairs of shoes. In how many possible distinct ways can the person dress
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!