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katovenus [111]
2 years ago
8

a person was able to invest 1,000 per month for 30 years with interest rate of 5%. 1. find out how much the person will have in

30 years.2. Do a scenario analysis with the following scenarios: A. 20 years and $1500 investment per month, B. 25 years and $800 investment
Business
1 answer:
sveticcg [70]2 years ago
7 0

Answer:

1.  $832,258.64

2. $616,550.50

3. $476,407.77

Explanation:

As the question is concerned, we are to calculate the Future value for the following data

1. PV = 0

PMT = 1,000

N = 30*12 = 360

I = 5%/12

Future Value = PV (PMT, N, I)

Future Value =  PV(0, 1,000, 360,0.05/12)

Future Value =  $832,258.6354

Future Value =  $832,258.64

2.   PV = 0

PMT = 1,500

N = 20*12 = 240

I = 5%/12

Future Value = PV (PMT, N, I)

Future Value = PV  (0, 1,500,240, 0.05/12]

Future Value = 616,550.5028

Future Value = $616,550.50

3.  PV = 0

PMT = 800

N = 25*12 = 300

I = 5%/12

Future Value = PV (PMT, N, I)

Future Value =  PV (0, 800, 300, 0.05/12]

Future Value = 475,407.7668

Future Value = $476,407.77

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Which terms is defined as a conflict of interest between the corporate shareholders and the corporate managers?
AysviL [449]

Answer: Agency problem

Explanation:

Agency problem  is the issue rises when the agents fails to display appropriate interest of principles.This interest conflict usually occurs between the organisation's stakeholder and management.

In this situation,manger is the person who usually acts as the agent for providing best interest to the stakeholder to increase their wealth and benefit.But if failure in this case occurs , then conflict is experienced between both the parties.

4 0
2 years ago
Which of the following situations represents commodity-backed money? Choose one:
Marta_Voda [28]

Answer: A. Dollars are printed on paper and have value because the government says they have value.

Explanation: Commodity backed money is a situation where by the value of money is backed up by its purchasing power with which it can be traded with at request. The supply of many can not be more than the purchasing power the country holds.

3 0
3 years ago
Go Zone plans to introduce four tablet models over the next year. These models range from basic readers at $99 per unit, to more
Savatey [412]

Answer:

Product line Pricing  

Explanation:

The reason is that when the manufacturer produces a number of quality range products and price them accordingly. This means that the customer who has different level of purchasing power can fulfill his needs and wants accordingly. So producing a single product limits the satisfying of needs and wants of small customer segment whereas producing multiple product range helps in targeting a range of customer segments. The different prices of tablets charged here for different products actually reflects the prices of the products.

7 0
3 years ago
Whispering Winds Corp. has the following transactions during August of the current year. Aug. 1 Issues shares of common stock to
k0ka [10]

Answer:

Aug. 1 Issues shares of common stock to investors in exchange for $10,800.

<u>Accounting equation:</u>

Asset + 10,800

Equity +10,800

<u>Journal entry:</u>

cash   18,000 debit

  common stock   18,000 credit

Aug. 4 Pays insurance in advance for 3 months, $1,200.

<u>Accounting equation:</u>

Asset  + 1,200

Assets <u>- 1,200</u>

Net              0

<u>Journal entry:</u>

prepaid rent    1,200 debit

          cash              1,200 credit

Aug. 16 Receives $730 from clients for services rendered.

<u>Accounting equation:</u>

Asset  + 730

Equity +730

<u>Journal entry:</u>

cash       730 debit

  revenues   730 credit

Aug. 27 Pays the secretary $580 salary

<u>Accounting equation:</u>

Asset  - 580

Equity - 580

<u>Journal entry:</u>

salaries expense  580 debit

         cash                    580 credit

Explanation:

We need to disclose how the impact in the accounting equation and the journal entry should be done:

Aug 1st the common stock is an equity account that is increasing

we receive cash that is an asset

August 4th we are using our cash to pay in advance the rent.

this gives a right to use the rental space for 3-months thus, it is not an expense is a new asset. There is no change in the accounting equation only the composition of assets changed.

August 16th we recognize earnings through revenues account this increases the equity of the company as well as assets.

August 27th in this case we pay the salaries which are an incurred cost, therefore, expense. This decreases equity.

We also use cash making assets to decrease as well.

6 0
2 years ago
The parents of a child diagnosed with Tay-Sachs inquire about progression of the disorder. Which statement by the nurse is accur
Anit [1.1K]

Answer:

The correct answer is <em>The child will experince decreased muscular and neurologic functioning until death occurs</em>.

Explanation:

Tay-Sachs disease is a rare degenerative disease that affects the brain and central nervous system and is hereditary, autosomal recessive (more common in descendants of Hebrews).

It is one of the diseases by lysosomal deposition. Individuals who suffer from it are unable to produce a lysosomal enzyme called hexosaminidase-A that participates in the degradation of gangliosides, a type of sphingolipid, that accumulate and degenerate to the central nervous system. It is included within lipidosis or lipid storage diseases.

5 0
2 years ago
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