1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
MA_775_DIABLO [31]
3 years ago
9

your parents spent $7,800 to buy 200 shares of stock in a new company 12 years ago. the stock has appreciated 14.6 percent per y

ear on average. what is the current value of those 200 shares?
Business
1 answer:
maw [93]3 years ago
4 0

Based on the information the current value of those 200 shares is $40,023.03.

Using this formula

Future value=Principal(1+rate)^Time

Where:

Principal=$7,800

Rate=14.6% or .145

Time =12 years

Let plug in the formula

Future value=$7,800 × (1 + .146)^12

Future value=$7,800×(1.146)^12

Future value=$7,800×5.131159

Future value= $40,023.03

Inconclusion the current value of those 200 shares is $40,023.03.

Learn more here:

brainly.com/question/24131921

You might be interested in
A corporation purchased manufacturing equipment for $100,000, with an estimated useful life of 10 years and a salvage value of $
bulgar [2K]

Answer:

The second year’s depreciation for this equipment using the straight line method is 8,500

Explanation:

Depreciation: Depreciation is a decreasing value of the assets due to the tear & wear, obsolescence, usage,etc.

The formula to compute the depreciation under straight lie method is shown below:

= \dfrac{(original\ cost - salvage\ value)}{useful\ life}

= = \dfrac{(\$100,000 - \$15,000)}{10}

= $8,500

The depreciation amount under straight line method should remain same over the estimated useful life

So, the second year’s depreciation for this equipment is $8,500

6 0
3 years ago
Bruce, a first-line supervisor at Lou’s Market, regularly uses abusive and derogatory words when dealing with his subordinates.
Burka [1]

Answer:

The correct answer is Interpersonal.

Explanation:

Interpersonal justice refers to the perception of justice of employees in the interpersonal treatment they receive from those who have the power and the power to distribute the results (usually managers and managers). It is important for managers to be courteous and polite and treat employees with dignity and respect to promote interpersonal justice. In addition, managers and managers must refrain from making derogatory comments or belittling their subordinates.

4 0
3 years ago
Arnold, a single individual, has adjusted gross income of $65,000 in the current year. Arnold donates the following items to his
Olin [163]

Answer:

Option A. $15,400

Explanation:

The net deduction allowed as an charitable contributions are as under:

                                             $

1. ABC Cop. stock

Cost $6000  

FMV <u>$22000</u>                   $16000

2. Personal Clothing Items

Cost $1000

FMV <u>$400  </u>                      <u>  ($600) </u>

Net Deduction                 $15,400

The amount that qualifies as charitable contribution for the year is $15400.

3 0
3 years ago
A savings account is useful for all of the following purposes EXCEPT…
Dimas [21]

Answer:

The correct answer is letter "A": Putting aside money for retirement.

Explanation:

Savings accounts are those where individuals' can deposit money to profit from the annual interest banks and financial institutions provide. Retirement accounts, on the other hand, are those funded with money discounted from employees' paychecks and do not allow withdrawals unless there is a major qualifying event -<em>if the type of retirement account allows it</em>.

8 0
3 years ago
Read 2 more answers
Which type of research is not for commercial potential
Reptile [31]

Explanation:

Basic research

This research is conducted largely for the enhancement of knowledge and is research which does not have immediate commercial potential.

8 0
3 years ago
Other questions:
  • The economy of Elmendyn contains 3,000 $1 bills.
    15·1 answer
  • A company has the following aging schedule of its accounts receivable with the estimated percent uncollectible:______.
    5·1 answer
  • Billy contributes equipment used in a trade or business that he has held for more than 1 year to a partnership in exchange for a
    12·1 answer
  • Several major Asian and European cities have begun restricting vehicular travel to reduce congestion and/or pollution. Several m
    12·1 answer
  • The August 31 balance shown on the bank statement is $9,813.
    13·1 answer
  • Find the effective rate of interest to the nearest hundredth percent if $60.94 is earned in one year on a deposit of
    6·1 answer
  • Deadweight losses occur when the quantity of an output produced is:
    12·1 answer
  • Information systems in general are helpful because they are used for making informed decisions using more accurate reports. Howe
    10·1 answer
  • Swifty Corporation purchased a new machine on October 1, 2022, at a cost of $115,000. The company estimated that the machine wil
    11·1 answer
  • norma inc. uses the perpetual inventory system. when the company records a sale, it should make entries to:
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!