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nexus9112 [7]
2 years ago
10

Sandra wants to deposit $100 each year for her son. if she places it in an investment account that averages a 5% annual return,

what amount will be in the account in 20 years? How much will she have if the account earns 8% a year?
Business
1 answer:
stepan [7]2 years ago
4 0

If Interest rate = 5%

Using Financial calculator

Payments (PMT) = 100

Interest (I/Y) = 5%

Number of Years (N) = 20

[N = 20 ; I/Y = 5% ; PV = 0 ; PMT = 100 ; FV = ?]

Compute for FV

Future value = 100 * 33.0660

Future value = $3,306.60

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Bill is employed by a company to design and maintain custom software applications used by the company's employees to determine i
Alona [7]

John is the <u>internal customer</u> of Bill.

An internal customer is someone within the business that relies on the assistance or work of <em>someone else in the business</em> to do their work. In this case John relies on the software that Bill creates.

Another example would be a marketer who relies on the graphic designer to create an ad before the marketer can use it in an ad campaign.

4 0
3 years ago
Sprague Company has been operating for several years, and on December 31, 207, presented the following balance sheet.
Firdavs [7]

Answer:

A. Current Ratio= 2.63

B. Acid-Test Ratio = 1.44

C. Debt to Assets Ratio 51.16%

D. Return on assets 5.81%

Explanation:

a. Calculation forn Current Ratio

First step is to Calculate the Total Current Assets

Cash 40,000

Receivables 75,000

Inventory 95,000

Total Current Assets 210,000

Now let calculate Current Ratio

Current Ratio= Current Assets / Current Liabilities

Current Ratio=210,000/80,000

Current Ratio= 2.63

b Calculation for Acid-Test Ratio

Acid-Test Ratio=(Current Assets - Inventory) / Current Liabilities

Acid-Test Ratio =(210,000-95,000)/80,000

Acid-Test Ratio =115,000/80,000

Acid-Test Ratio = 1.44

c. Calculation for Debt to Assets Ratio

First step is to calculate total Debt

Accounts payable 80,000

Mortgage payable 140,000

Total Debt 220,000

Now let calculate the Debt to Assets Ratio

Debt to Assets Ratio= Total Debt/ Total Assets

Debt to Assets Ratio=220,000/430,000

Debt to Assets Ratio= 51.16%

d. Calculation for Return on assets

Return on assets= Net Income/ Average Assets

Return on assets=25,000/430,000

Return on assets 5.81%

4 0
3 years ago
Under the original issue discount (OID) rules as applied to a three-year certificate of deposit:a. All of the income must be rec
storchak [24]

Answer:

D. The interest income will be greater in the third year than in the first year.

7 0
3 years ago
Property taxes on a manufacturing facility are classified as:
vesna_86 [32]

Property taxes on manufacturing facility are classified as manufacturing costs. Manufacturing cost is being defined as the overall cost from the consumed resources in which are used when making a product that is to be laid out and to be serve to the consumers. 

4 0
3 years ago
A company currently has 500 items in inventory. The demand for the next 2 months is 900 and 1200 units. Assuming a level product
Alborosie

The ending inventory at the end of the second period is 400 units

What is ending inventory?

Ending inventory means the quantity of stock left unsold at the end of a period.

It is determined as beginning inventory plus production units minus quantity sold or demanded.

Ending inventory first month=500+1000-900

Ending inventory first month=600

Ending inventory second month=600+1000-1200

Ending inventory second month=400

Find in the link below further explanation on ending inventory.

brainly.com/question/14970629

#SPJ1

8 0
2 years ago
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