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2 years ago

You invest $3,500 at 10% compounded annually for 3 years. How much will your investment be worth in 3 years

Business

1 answer:

aniked [119]2 years ago

5 0

Answer:

Your total balance after 3 years would be $4,658.5 with a total compounded interest of $1,158.5

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Charles Johnson has to make a deposit in his savings account. He has one $20 bill, two $5 dollar bills, seven $1 bills, six quar

ivolga24 [154]

Answer:

Total deposit is $39

Explanation:

Given

$\$20\ bills = 1$

$\$5\ bills = 2$

$\$1\ bills = 7$

$Quarters = 6$

$Dimes = 5$

Required

Determine the total

To do this, we simply multiply each dollar bill or coin with its frequency and add up the results.

i.e.

$Total = 1 * \$20 + 2 * \$5 + 7 * \$1 + 6 * Quarters + 5 * Dimes$

$Total = \$37 + 6 * Quarters + 5 * Dimes$

$1\ quarter = \$0.25$

$1\ dime = \$0.1$

So:

$Total = \$37 + 6 * \$0.25+ 5 * \$0.1$

$Total = \$37 + \$2$

$Total = \$39$

8 0

3 years ago

Smart businesses in all industries use data to provide an intuitive analysis of how they can get a competitive advantage.

svetlana [45]

Answer:

true might be false sorry i dont know

8 0

2 years ago

Dana and Emile allocate 2/3 of their partnership's profits and losses to Dana and 1/3 to Emile. The net income of the firm is

Usimov [2.4K]

Answer:

Debit income summary $30,00

Explanation:

Closing entries are used to move balances from temporary accounts to permanent baccounts so that a business can recognise income or loss made during an accounting period.

2/3 profit and loss is for Dana, that is (2/3)* 30,000= $20,000

1/3 of profit is assigned to Emile that is (1/3)* 30,000= $10,000

So the close out entries will be

A debit to income summary of $30,000

A credit to Dana of $20,000

A credit to Emile of $10,000

6 0

2 years ago

Dawn, a young single mother, found a wallet with a large amount of money inside. She has found lost wallets in the past, too. Pr

anzhelika [568]

Answer:

e. motivated blindness.

Explanation:

Motivational blindness is when a person (Dawn in this case) do not notice an unethical action (Keeping the cash) when it's not in our interest to do so.

I hope you find this information useful and interesting! Good luck!

6 0

3 years ago

The following information is available for Montrose Company at December 31: Cash in bank account $ 8,540 Petty cash $ 250 Short-

navik [9.2K]

Answer:

Cash $10,430

Cash equivalents $20,400

Explanation:

Calculation to determine the amount reported as CASH on December 31

Using this formula

Cash = Cash in bank + Petty cash + Check from customer + money order

Let plug in the formula

Cash = $8,540 + $250 + $1,350 + $290

Cash = $10,430

Calculation to determine the amount reported as CASH EQUIVALENTS on December 31

Using this formula

Cash equivalents = Money market fund + Treasury bills

Let plug in the formula

Cash equivalents=$10,400+$10,000

Cash equivalents= $20,400

Therefore the amount reported as Cash and Cash Equivalents on December 31 are:

Cash $10,430

Cash equivalents $20,400

7 0

3 years ago