Answer:
It will make annual deposits for $ 4,056.202
Explanation:
His goal is a future value of 1,000,000 in 35 years.
we will deduct from this the future value of his other investment:
<u>IRA</u>
Principal 6,960.00
time 35.00
rate 0.08300
Amount 113,397.95
<u>Market account</u>
Principal 4,310.00
time 35.00
rate 0.05250
Amount 25,837.53
<u>Proceeds required from the fund:</u>
1,000,000 - 113,397.95 - 25,837.53 = 860,764.52
Now we calculate the PMT:
PV $860,764.52
time 34 years
(we must notice it will beging this investment next year, so at 31 years old)
rate 0.0934
C $ 4,056.202
Total debt ratio is the ratio of total debt to total assets
i.e
Total debt ratio = Total debt / Total assets
But Total assets is nothing but total equity plus total debt
Now let us consider,
TD = Total debt
TE = Total equity
TA= Total assets
Therefore,
Total debt ratio = TD/TA
But as mentioned above
TA = TD + TE
total debt ratio = Total debt/(total debt+total equity)
total debt ratio = .34(given)
.34 = TD / (TD + TE)
Solving this equation yields:
0.34 = 1/(1+ TE/TD)
0.34(1+TE/TD) = 1
0.34 + 0.34TE/TD =1
.34(TE/TD) = 1 - 0.34
0.34 (TE/TD) = 0.66
0.34TE = 0.66TD
Now, Debt equity ratio is the ratio of Total debt to total equity
Debt-equity ratio = TD / TE
Debt-equity ratio = 0.34 / 0.66
Debt-equity ratio = 0.51515152
Answer:
C)Two.
Paying employees' salaries for the current month
Receiving but not paying a current utility bill.
Explanation:
When salaries are played to employees, an entry is recorded in Salary Expense account.
In accrual accounting when utility bill is received it is recognised in the books even when payment has not been made. Because it is a current utility bill it has to be recorded in this period.
