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kondor19780726 [428]
3 years ago
6

You are planning to buy a house in five years. How much do you need to deposit today to have a $10,000 down payment if your inve

stment will make 6%?
*Remember to determine what you're solving for first:

Simple interest

Present or future value of a single amount

Present or future value of an annuity (a series of deposits).
Business
1 answer:
dsp733 years ago
8 0

Answer:

7,472.58

Explanation:

10000*(1/(1.06)^5)

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5. A raise in the price of a product causes _____. a decrease in supply an increase in demand an increase in competition a decre
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d

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a decrease in competition

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German expressionist films are characterized by _____________ settings, ____________ camera angles, and themes such as _________
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3 years ago
Read 2 more answers
Waupaca Company establishes a $350 petty cash fund on September 9. On September 30, the fund shows $104 in cash along with recei
mariarad [96]

Answer: Please see explanation for answers

Explanation:

Journal to record establishment of fund

Date                  Account titles and explanation            Debit     Credit

Sept 9                    Petty cash                                          $350

                              To Cash                                                                  $350

Journal to record the reimbursement of petty cash fund

Date                  Account titles and explanation            Debit     Credit

September 30    printing expenses                                 $40

                        Postage expense                                     $123

Miscellaneous expenses                                                 $80

Cash shortage - not accounted for                                   $3

                           To Cash                                                                      $246

Journal to show the increment of fund to $400

Date                  Account titles and explanation            Debit       Credit

October 1        Petty cash                                               $50              

                        To Cash                                                                       $50

Calculation : ($400 - $350)=$50

7 0
3 years ago
The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $4,400 Current assets $4,
hram777 [196]

Answer:

3.88%

Explanation:

ROA = Net income/Total assets

ROA = $972/$16,127

ROA = 0.0602716

ROA = 6.03%

Retention ratio = 1 - Payout ratio

Retention ratio = 1 - 0.38

Retention ratio = 0.62

Internal growth rate = (ROA*Retention ratio) / [1 - (ROA*Retention ratio)]

Internal growth rate = 0.0602716*0.62 / 1 - (0.0602716*0.62)

Internal growth rate = 0.037368392 / 1-0.037368392

Internal growth rate = 0.037368392/0.962631608

Internal growth rate = 0.038818995

Internal growth rate = 3.88%

3 0
3 years ago
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