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AnnyKZ [126]
3 years ago
14

If a person deposited $50 a month for 6 years earning 8%, this would involve what type of computation?

Business
2 answers:
Elenna [48]3 years ago
5 0
C. Future value of a series of deposits

It is not B, because although Future Value of a Single Amount (FV) is similar, it is only when you deposit a certain amount one time and let it grow in value. 
Your question says they deposit money more than once, so it is C.
Rina8888 [55]3 years ago
5 0

Answer:

Future value of a series of deposits

Explanation:

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6 0
3 years ago
The following information is available for Zetrov Company. The cash budget for March shows an ending bank loan of $19,000 and an
Alja [10]

Answer:

Zetrov Company

Budgeted Balance Sheet for the month of March

Assets

Current assets:

Cash                                     $59,700

Accounts receivable             96,600

Inventory                                27,300   $183,600

Long-term assets:

Equipment                          $82,200

Accumulated depreciation (34,600)    $47,600

Total assets                                         $231,200

Liabilities and Equity:

Current liabilities:

Bank loan payable             $19,000

Accounts payable               90,800

Income tax payable            27,800   $137,600

Equity:

Common stock                 $34,000

Retained earnings             59,600    $93,600

Total liabilities and equity                $231,200

Explanation:

a) Data and Calculations:

Ending Bank Loan = $19,000

Ending cash balance = $59,700

Accounts receivable = $96,600 ($138,000 * 70%)

Accounts payable = $90,800

Ending inventory = $27,300 (780 * $35)

Net income = $49,800

Income tax payable = $27,800

Equipment at cost = $82,200

Accumulated depreciation, beginning $31,800

Depreciation for the month =                   2,800

Accumulated depreciation, ending =  $34,600

Retained earnings, beginning = $9,800

Net income                                  49,800

Retained earnings, ending      $59,600

6 0
2 years ago
Dividends paid is equal to
scoundrel [369]

Answer:

B . Free cash flow less cash provided by operations and capital expenditures.

Explanation:

In Business, dividends can be defined as share of profits and retained earnings that a publicly listed company pays out to its investors or shareholders for investing into the business venture.

Dividends paid is equal to free cash flow less cash provided by operations and capital expenditures.

Free cash flow isn't reported on the statement of cash flows and it is the cash provided by operations less capital expenditures and cash dividends.

7 0
3 years ago
The value of the bond at maturity, or the payment due at repayment, is known as the
sukhopar [10]
This is known as face value or par value.
5 0
3 years ago
The efficiency factor involves both productive and allocative efficiency, which means in order to reach its full production pote
Harman [31]

Answer:

use its resources in the lease costly way to produce the specific mix of goods that maximizes people's well-being is the correct answer.

Explanation:

3 0
2 years ago
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