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Bad White [126]
3 years ago
10

You want to quit your job and return to school for an MBA degree 3 years from now, and you plan to save $7,000 per year, beginni

ng immediately. You will make 3 deposits in an account that pays 5.2% interest. Under these assumptions, how much will you have 3 years from today?
Business
1 answer:
qwelly [4]3 years ago
4 0

Answer:

The correct answer is $23,260.69.

Explanation:

According to the scenario, the given data are as follows:

Payment (pmt ) = $7,000

Time period (n) = 3

Rate of interest (r) = 5.2%

So, we can calculate the future value by using following formula:

FV = Pmt ( 1 + r)^n + Pmt ( 1 + r)^n-1 + Pmt ( 1 + r)^n-2

By putting the value, we get

= $7,000 ( 1 + 0.052)^3 +$7,000 ( 1 + 0.052)^2+$7,000 ( 1+ 0.052)^1

= $23,260.69

hence, The future value after 3 years will be $23,260.69.

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real-time Incorporated considers purchase of a new machine that cost $40,000 and requires an increase in net operating working c
Tems11 [23]

Answer: $42,000

Explanation:

The Net investment required is the total amount that a company needs to initiate a project or acquire an asset.

Net investment at time 0 = Cost of machine + increase in net operating capital

= 40,000 + 2,000

= $42,000

4 0
3 years ago
A plan that lists the types and amounts of selling expenses expected during the budget period is called a(n):________
skad [1K]

A plan that lists the types and amounts of selling expenses expected during the budget period is called a selling expense budget.

The making of selling expense budget is the responsibility of the sales department. This budget includes selling expenses such as sales salaries,  commission of sales , advertising and  sales office rent, shipping expenses or sale supplies.

Selling expenses can be both fixed as well as variable.

Selling expenses are mostly comprised of Operating Expenses, like rent, payroll, utilities, and advertising . Direct costs are another type of spending which shows what is spent on the goods and services which are sold.

To know more about selling expense budget here:

brainly.com/question/18242060

#SPJ4

3 0
2 years ago
Warren Company began the accounting period with a $38,000 debit balance in its accounts receivable account. During the accountin
Rudiy27

Answer:

c. $107,000

Explanation:

We can calculate cash collected from the customers by following calculations

Accounts receivable op balance                   $38,000

Add : Sales on account during year               $88,000

Less Closing Balance on Receivables          - $19,000

Cash Collected from Customers                    $107,000

This is the net amount collected on behalf of customers while $19,000 is still recoverable in consequent accounting cycle.

Hope that helps.

5 0
4 years ago
the___is the most important fact to consider when selecting a credit card if you do not pay the balance on your credit card ever
MAXImum [283]

APR.

If you don' pay off your balance every month, you will pay interest on the remaining amount. The amount of interest is the APR, annual percentage rate. So, if you are going to be paying interest you want to make sure this rate is as low as possible!

5 0
4 years ago
Employees and customers are treated like a family at State Street Coffee House. Jason & Jill, the owners, work to encourage
lozanna [386]

Answer:

B) clan culture

Explanation:

Clan culture: This refers to an organization set up more like a family-like or tribe-like in order to promote unity among customers and employees.

Clan culture are team-oriented because they promote working together as a team in order to achieve their aims and objectives.

Jason and Jill have built a clan culture where they made their employees and customers feel like family. They are concerned about the welfare of their customers and employees.

Clan culture could promote corporation among employers, employees and customers and it strengthen the relationship between them. Clan culture makes customers feel at home and it will increase sales and profit of the business owner.

7 0
4 years ago
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