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krek1111 [17]
3 years ago
10

You plan to retire in 30 years and you are investing $250 per month in the BMO Large-Cap Growth mutual fund. The fund has an ave

rage annual return of 13.45%. How much will you have at retirement?
Business
1 answer:
mr Goodwill [35]3 years ago
6 0

Accumulated Balance is given by :

A=P\dfrac{(1+i)^n-1}{i}\times (1+i)

Here,

n = time period = 30×12 = 360.

i=\dfrac{13.45}{100}\times \dfrac{1}{12}=0.0112

P = principal price = $250.

Putting all given values in above equation, we get :

A=250\times \dfrac{(1+0.0112)^{360}-1}{0.0112}\times (1+0.0112)\\\\A=\$1221659.48

Hence, this is the required solution.

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Selected information from the accounting records of Ellison Manufacturing Company follows:
Amanda [17]

Answer:

b. 94.9

Explanation:

The computation of the number of days' sales in average inventories is shown below:

Day inventory outstanding = (Beginning inventory + ending inventory) ÷ 2  ÷ cost of goods sold × total number of days in a year

= ($672,000 + $576,000) ÷ 2 ÷ $2,400,000 × 365 days

= ($624,000 ÷ $2,400,000 ) × 365 days

= 94.90 days

Simply we take the average of inventory and divide from the costs of goods sold

All other information which is given is not relevant. Hence, ignored it

7 0
3 years ago
there is some concern that increased use of could prompt the need for legislation protecting employee privacy rights.
djyliett [7]

There is some concern that increased use of electronic databases could prompt the need for legislation protecting employee privacy rights.

An electronic database is a computer-based collection also listing of the information. Through this the information can be searched in a fast and easy manner.

Electronic databases held organized collections of data, or information, which is thus stored in a computer in a readable form. So sometimes, the increased use of electronic databases might probably prompt the need for legislation which protects employee privacy rights.

Hence, the electronic databases can make it easier to search, query, filter and retrieve required data.

To learn more about legislation here:

brainly.com/question/13672467

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6 0
2 years ago
How many hours of approved continuting education within a 3-year period are required?
jok3333 [9.3K]

Answer:

The correct answer should be: "60 minutes of instruction over around 10 hours certification multiplied by the required years, although this is always dependant on the program".

Explanation:

Approved Continuing Education (ACE) is a kind of continuing literacy in which people search for the best practices to improve work and study. It is always dependant on the program chosen, which means that the subjects, units, schedules, hours, and activities will be according to different patterns. Usually, most of them have a minimum of around 1 hour of instruction, concluding in a 10 hours certification multiplied by the required years, although some others have a concluding certificate of a multiplied 20 hours, such as in the case of most of brazillian certificates for continuing courses.

8 0
3 years ago
Read 2 more answers
You are the manager of a retail store. Shipments of the products you sell arrive once a week from the central warehouse and you
Tasya [4]

The BEST way to handle the situation is to work with central warehouse to arrange a predictable delivery time. Whereas, the WORST way to handle the situation is to change the delivery system so that goods are delivered only once a month.

So, if you are the manager of a retail store, and the shipments of the products you sell arrive once a week from the central warehouse you need to pull a couple of your workers from inside the store who can unload the shipments. As the truck arrives any time in a day, this creates problem as the workers are not availabe whenever the shipment arrives.

The best way through which one can handle the situation is by working with central warehouse to get appropriate information on the delivery date and so that the workers are made available accordingly. Whereas, the worst way to handle this situation is by changing the delivery system.

Hence, options 2 and 3 are correct.

To learn more about delivery system here:

brainly.com/question/28420229

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5 0
1 year ago
A feature common to both stock splits and stock dividends is
borishaifa [10]

Answer:

Is that there is no effect on total stakeholder's equity.

Explanation:

When existing shareholders are being paid dividends as shares rather than in cash it is known as stock dividends.

Stock split can be defined as the issuance of new shares to peculiar shareholders to create multiple shares and its always in proportion to their holdings in that particular firm.

A feature common to both stock splits and stock dividends is that there is no effect on total stakeholder's equity meaning that both parameters do not reduce it.

7 0
4 years ago
Read 2 more answers
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