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4 years ago

If $17,000 is invested at 11% per year, in approximately how many years will the investment double?

1 answer:

3 0

There is a popular rule called the rule of 72 where in you will divide 72 by the interest rate of your investment to know the length of time the value of your money will double. In here, 72 divided by 11 is 6.55 years. Your $17,000 will be $34,000 after approximately 6.55 years.

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Hal Gore won a $2.1 million prize for special contributions to environmental research. This prize is awarded for public achievem

ioda

Answer:

1.53 Million

Explanation:

The reason is that the Environment Protection Agency is a qualified organization and donations made to qualified organization are allowable expense under the US tax rules, so the gross income will include a net amount which is the actual amount left for Hal Gore and which is $1.53 million ($2.1 m - 0.57).

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4 years ago

Through which method of involuntary alienation may the government take private land for public use?

Oduvanchick [21]

Eminent domain is the governments' power to take private land for public use.

Which of the following is an involuntary alienation of property?

Involuntary Alienation. Involuntary alienation is the transfer of real estate by law and without the owner's consent.
There are 4 methods by which this is accomplished: foreclosure, eminent domain, adverse possession, and by escheat.

Which of the following is an involuntary alienation of property?

A grantor does not wish to be responsible for defects in the title that arise from previous owners but will guarantee the title for the time the grantor has the ownership.

What is involuntary alienation ?

Involuntary Alienation. Involuntary alienation is the transfer of ownership without consent and control of the owner.

Learn more about Involuntary Alienation

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1 year ago

The income statement for Delta-tec Inc. for the year ended December 31, Year 2, was as follows:

postnew [5]

Answer and Explanation:

Retain earnings, year 2

= retained earnings year 1 + earning for year 2

= $825,000 + ($245,000 - $65,000)

= $825,000 + $180,000

= $1,005,000

Therefore, The December 31, Year 2, Retained Earnings balance is $1,005,000.

trading inverstments are classified under current assets. the closing balance of trading inverstments is:

trading inverstments purchased at cost in year 2 $346,000

trading inverstments sold at cost in year 2 $66,000

balance of trading inverstments at cost $280,000

The balance sheet is present like:

D-Tec Inc

balance sheet

particulars amount($)

current asstes

trading inverstments(at cost) 280,000

valuation allowance for trading inverstment (72,500)

trading inverstments(at fair value) 207,500

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4 years ago

On the balance sheet, if ending inventory is overstated, then total assets will be __________ and stockholders' equity will be _

gizmo_the_mogwai [7]

Overstated; overstated

3 0

3 years ago

Tremonti, Inc., is obligated to pay its creditors $9,200 during the year. a. What is the value of the shareholders’ equity if as

miskamm [114]

Answer:

a. Assets equal $10,900, Shareholders' Equity: $1,700

b. Assets equal $8,500, Shareholders' Equity: -$700

The company losses and does not remain Shareholders' Equity

Explanation:

Basing on the balance sheet equation:

Assets = Liabilities + Shareholders' Equity

Shareholders' Equity = Assets - Liabilities

In Tremonti, Inc., the company is obligated to pay its creditors $9,200 during the year, therefore Liabilities are $9,200

a. Assets equal $10,900

Shareholders' Equity = $10,900 - $9,200 = $1,700

b. Assets equal $8,500

Shareholders' Equity = $8,500 - $9,200 = -$700

The company losses and does not remain Shareholders' Equity

7 0

3 years ago

If $17,000 is invested at 11​% per​ year, in approximately how many years will the investment​ double?

If $17,000 is invested at 11% per year, in approximately how many years will the investment double?