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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

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Answer:

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5 0
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The accounts payable account is a/an_______ ___, and it has a normal.
Viktor [21]

The accounts payable account is a/an option C: <u>liability; credit, </u>and it has a normal.

<h3>What do you mean by Account payable?</h3>

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The main role of account payable os to provide financial, administrative and clerical support to the firm. Their main role include complete the whole payment and control expenses.

Moreover, it is considered as the liability for each business because the company have to pay back its all due on particular period of time and it is credit in nature.

Hence, rest all options like A, B and D are incorrect because it does not considered under the account payable account.

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Learn more about Account payable, refer to the link:

brainly.com/question/14438810

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5 0
1 year ago
"In the __________ strategy, you can manipulate _________ to match supply and demand. a. Chase; inventory level b. Chase; invent
makkiz [27]

Answer:

a. Chase; inventory level

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3 years ago
Read 2 more answers
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