1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Genrish500 [490]
3 years ago
12

Find the future value of $10,000 invested now after five years if the annual interest rate is 8 percent. What would be the futur

e value if the interest rate is a simple interest rate?.
Business
1 answer:
expeople1 [14]3 years ago
6 0

Answer:

$14,693.28 (COMPOUNDED ANNUELY)

$14,859.47 (COMPOUNDED QUARTELY)

$14.000. (SIMPLE)

Explanation:

You might be interested in
Compound interest means that interest is calculated on:.
ira [324]

Answer: initial principal

Explanation:

Compound interest (or compounding interest) is interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.

6 0
2 years ago
8. In a car insurance policy, collision insurance covers
prisoha [69]
I am pretty sure that it's d, the cost of your car if it's stolen because its a car insurance

4 0
3 years ago
Read 2 more answers
During August, the Filtering Department of Speedwell, Inc. Had a beginning Work-IN Process Inventory balance of 160 units with c
Veseljchak [2.6K]

Answer: 320 units

Explanation:

The equivalent units of production for transferred in units in the Filtering Department in August under the first-in, first-out (FIFO) method goes thus:

Total units completed= 160 units + 290 units = 450 units

Beginning WIP = 160 units

Ending WIP = 30 units

Equivalent units of production:

= 450 + 30 - 160

= 480 - 160

= 320 units

8 0
3 years ago
Both production lines can produce all the different types of nozzles. The bronze machines needed for the bronze sprinklers requi
dsp73

Answer:

Demand for plastic sprinklers for year 1 Year 2 Year 3 and Year 4 is 98 (33 + 14 + 51) , 111 , 133, 136.  

Explanation:

The Production line capacity requirement for the next four years will be equal to the demand for the next four years. The production line needs to meet the annual demand for the plastic sprinklers. The production line is extended and economies of scale is introduced with helps the company save additional cost of extension in the production line.

5 0
3 years ago
During December, Far West Services makes a $3,200 credit sale. The state sales tax rate is 6% and the local sales tax rate is 2.
Dima020 [189]

Answer:

Dr Accounts receivable 3,472

Cr Sales 3,20

Cr Sales tax payable 272

Explanation:

Since $3,200 is the credit sale and the state sales tax rate is 6% while the local sales tax rate is 2.5% which means we have to calculate for 6% of 3,200 as well as 2.5% of 3,200 which is: Sales tax payable

6%×3,200=192

2.5%×3,200=80

192+80= 272

The last step is to Debit Accounts receivable with 3,472 (3,200+272) , Credit Sales 3,200 and Credit Sales tax payable with 272

Far West Services Journal entry

Dr Accounts receivable 3,472

(3,200+272)

Cr Sales 3,200

Cr Sales tax payable 272

8 0
3 years ago
Other questions:
  • Your firm needs a machine which costs $260,000, and requires $47,000 in maintenance for each year of its 10 year life. After 5 y
    10·1 answer
  • The regular selling price of a computer desk is $329.99. The markdown rate is 40%. What is the sale price? $197.99
    13·1 answer
  • 13. Roy, the owner of Standard Business Company (SBC), sells SBC to Tim for a note payable to Roy for $100,000. Tim does not pay
    12·1 answer
  • Hardwig Inc. is considering whether to pursue a restricted or relaxed current asset investment policy. The firm's annual sales a
    14·1 answer
  • g A manufacturing company that produces a single product has provided the following data concerning its most recent month of ope
    10·1 answer
  • On January 1, $500,000 of 8%, 10-year bonds were sold for $530,000. The bonds require semiannual interest payments on June 30 an
    10·1 answer
  • You are out to eat with your friends.
    10·2 answers
  • A questionnaire on the negative impact of the coronavirus as one of the socio economic issues of the business
    12·1 answer
  • 1. Which of the following is an example of an intermediary?
    14·2 answers
  • If you are working remotely for a company without any hard and fast rules, what should you discuss with your manager?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!