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mel-nik [20]
3 years ago
15

One year ago, Deltona Motor Parts deposited $17,500 in an investment account for the purpose of buying new equipment three years

from today. Today, it is adding another $21,000 to this account. The company plans on making a final deposit of $13,000 to the account one year from today. How much will be available when it is ready to buy the equipment, assuming the account pays 5.5 interest
Business
1 answer:
Ulleksa [173]3 years ago
7 0

Answer:

$58,445.13

Explanation:

Calculation for How much will be available when it is ready to buy the equipment, assuming the account pays 5.5 interest

Using this formula

FV= PV*(1+i)^n

Let plug in the formula

First deposit= 17,500*(1.055^4)

First deposit= $19,316.73

Second deposit=21 ,000*(1.055^3)

Second deposit= $24,659.07

Third deposit= 13,000*(1.055^2)=

Third deposit=$14,469.33

Total= $58,445.13

Therefore How much will be available when it is ready to buy the equipment, assuming the account pays 5.5 interest is $58,445.13

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Answer:

Option A (aggregate demand; a recessionary output gap) is the right choice.

Explanation:

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The other options offered are not relevant to the scenario presented. So, the solution above is the right one.

7 0
3 years ago
Elm City issued a purchase order for supplies with an estimated cost of $5,000. When the supplies were received, the accompanyin
-Dominant- [34]

Answer:

$5000

Explanation:

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Notice that encumbrances are set aside funds for a purpose, therefore upon ordering, encumbrances balance would increase, and Elm would have passed the following entry

Dr. Encumbrances...$5000

Cr. Fund Balance.....................$5000

Therefore even if the supply came with a shortfall in amount, in order for Elm City to show that the purpose for making that encumbrance has been met, it has to be liquidated by crediting the Encumbrance account by the full amount of $5000

8 0
4 years ago
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Granite consolidated industries has a clear method for managers to follow before terminating an employee, which includes warning
finlep [7]
Given that <span>Granite consolidated industries has a clear method for managers to follow before terminating an employee, which includes warnings, record keeping, probation, and possible appeals to the human resources department. this is an example of procedural justice.

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4 0
3 years ago
Atlas Home Supply has paid a constant annual dividend of $2.40 a share for the past 15 years. Yesterday, the firm announced the
Iteru [2.4K]

Answer:

The current value per share is $25.51

Explanation:

P3 = ($2.40x1.10x1.02)/(0.012 - 0.02)

     = 26.928

P0 = (($2.40x1.10)/1.12) + (($2.40x1.1)/(1.122 ) + ((($2.40x1.1) + $26.928)/1.123 )

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5 0
4 years ago
Correll Company has two divisions, A and B. Information for each division is as follows: Division A B Operating Profit $40,000 $
Amanda [17]

Answer:

The investment turnover for Division A is 4.

Explanation:

The computation of the investment turnover ratio for division A is shown below

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3 0
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