For this case we have an equation of the form:
Where,
A: initial amount
b: growth rate
x: number of years
Substituting values we have:
By the time the earnings increase to 75000 we have:
From here, we clear x:
Answer:
you will have to wait until 23.95 years your winnings are worth $ 75,000
Answer:
Using Quantifiers: ¬∃x¬S(x)≡ ∀xS(x)
English Language: All drivers obey the speed limit
Explanation:
The domain is the set of all drivers i.e. the domain of drivers
Let S(x) be the predicate “x obeys the speed limit.”
The above statement can be written as ∃x¬S(x),
The negation is represented by ¬∃x¬S(x)≡ ∀xS(x)
In English Language, it is ->, all drivers obey the speed limit
Answer:
depreciation expense equipment 610 debit
accumulated depreciation equipment 610 credit
utilities expense 390 debit
utilities payable 390 credit
rent expense 700 debit
prepaid rent 700 credit
insurance expense 468 debit
prepaid insurance 468 credit
wages expense 965 debit
wages payables 965 credit
interest receivables 300 debit
interest revenue 300 credit
Explanation:
(C) rent calculations
2,800 --> four period of rent
2,800 / 4 = 700 per period
(D) insurance calculations
624 for the entire years
expired 9 months in this period
$624 x 9/12 = 468
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40
Answer:
<em>13.29%</em>
<em>Explanation:</em>
Answer :- Amount in checking deposit= $500 million-15%= $425 million
Amount in saving and time deposit= $250 million-4%= $240 million
Amount in equity capital = $ 250 million
banks before tax cost of funds=
checking deposit = $425*6/100= $25.5 million
Saving and time deposit= $ 240*14/100= $ 33.6 million
equity capital=$250 *25/100= $ 62.5 million
Weighted average cost of funds (WACC)= $25.5+33.6+62.5/($425+240+250)
=$121.6/915= 0.1329 or 13.29%
