If general interest rates increase, the interest income of an open-end bond fund whose sales exceed redemptions will likely

Find the present value of $4,300 under each of the following rates and periods:

Aleonysh [2.5K]

Answer:

The present value of $4,300=$3,624.13

Explanation:

The present value is always used to estimate the value of an asset be it financial or financial equivalents to determine their current value accounting for annual interest rates. Continuous compounding is the mathematical limit that can be reached if it's calculated and reinvested into an account's balance over a theoretically infinite number of periods. The formula is expressed as;

F.V=P.V×e^(i×t)

where;

F.V=future value

P.V=present value

e=mathematical constant approximated as 2.7183

i=stated interest rate

t=time in years

In our case;

F.V=$4,300

P.V=unknown

e=2.7183

i=5.7%=5.7/100=0.057

t=3 years

replacing;

4,300=P.V×e^(0.057×3)

4,300=P.V×e^(0.171)

1.1865 P.V=4,300

P.V=4,300/1.1865

P.V=3,624.13

The present value of $4,300=$3,624.13

7 0

4 years ago

The whistleblower protection act allows whistleblowers to take time off from their jobs if they are concerned with actions of th

Archy [21]

Answer: prohibits reprisals against whistleblowers by their superiors.

Whistleblowers are persons, who report illegal activities by an employer, government or organization. Since whistleblowers may risk retaliation from these groups for disclosing such information, a state and federal protection act for whistleblowers (WPA) was created to protect them. The act prohibits reprisals against whistleblowers by their superiors.

8 0

4 years ago

On March 1, Retro Inc. reported a balance in Supplies onf $200. During March, the company purchased supplies for $950 and consum

-BARSIC- [3]

Answer:

stockholer's equity will be overstated by $800.

Explanation:

The adjustment required is to record $800 of supplies used as an expense, hence, by carrying out the adjustment, net income is overstated by $800 so also retained earnings and shareholders' equity.

In other words,the balance that would be left in supplies is opening balance of $200 plus purchase of supplies which is $950 minus the supplies used.

balance of supplies=$200+$950-$800=$350

Option B is wrong the balance expected is $350 and the balance without adjustment is $200,that is $150 understatement not $350

4 0

3 years ago

Gerald is a mechanical engineer who can examine and detect a problem, determine cause and effect, and provide a solution. gerald

Ede4ka [16]

Gerald's skill is called conceptual skill. Gerald's skill would be considered conceptual skill because he is able to think clearly about abstract ideas and also relate different conceptual topics together.

6 0

3 years ago

On March 31. 2019, Home Decorating Pavilion received a bank statement showing a balance of $9,810. The balance in the firm's che

NNADVOKAT [17]

Answer:

Both requirements 1 and 2 are the same, but I guess one refers to a bank reconciliation statement and the other one to a cash account reconciliation.

Bank account reconciliation:

bank balance $9,810

+ deposits in transit $2,935

- outstanding checks 358 and 359 ($2,225)

+ check deducted by mistake $590

reconciled bank account $11,110

Cash account reconciliation:

Cash account balance $10,276

+ note and interest collected $1,320

- bank fees ($31)

- NSF check Dane Jarls ($555)

+ error on check 341 $100

reconciled cash account $11,110

3 0

3 years ago