Answers
Answer:
The amount in Bob's account is $26320.516
Explanation:
The total amount saved each month for the down payment (A ) = $315
The interest rate per month (r ) = 0.41 %
Number of years (n ) = 6 years
Below is the calculation to find the total amount in Bob’s account. Here, we will take the number of compounding period as 72 because the interest rate is monthly compounded and there are 72 months in 6 years.
Related Questions
Tidy Limited purchased a new van on January 1, 2018. The van cost $40,000. It has an estimated life of ten years and the estimated residual value is $3,500. Tidy uses the double-declining-balance method to compute depreciation. What is the adjusted balance in the Accumulated Depreciation account at the end of 2019
Seaside Company's manufacturing overhead is overallocated by $16,000. The following inventory account detail is provided Account Balance Allocated Manufacturing Overhead (before proration) in Each Account Balance(before proration) Work-in-process $25 750 S11,400Finished goods 53 225 26,600Cost of goods sold 75,650 38.000Total $154,625 $76,000Direct materials inventory has a balance of S15,000. If Seaside uses the proration approach (based on the amount of manufacturing overhead in ending balances), what will be the final balance in fatal work-in-process inventory? a $9.000 b. 523 350 c. $23,085 d. 58 735
Financial institutions in the U.S. economySuppose Nick would like to invest $10,000 of his savings.One way of investing is to purchase stock or bonds from a private company.Suppose TouchTech, a hand-held computing firm, is selling stocks to raise money for a new lab—a practice known as---------(debt/equity)------ finance. Buying a share of TouchTech stock would give Nick-----(a claim to partial ownership in/an IOU, a promise to pay, from)------- the firm. In the event that TouchTech runs into financial difficulty, --------(nick and the other stockholders/ the bondholders)------will be paid first.Suppose Nick decides to buy 100 shares of TouchTech stock.Which of the following statements are correct? Check all that apply.----Expectations of a recession that will reduce economy-wide corporate profits will likely cause the value of Nick's shares to decline.----The Dow Jones Industrial Average is an example of a stock exchange where he can purchase TouchTech stock.----An increase in the perceived profitability of TouchTech will likely cause the value of Nick's shares to rise.Alternatively, Nick could invest by purchasing bonds issued by the government of Japan.Assuming that everything else is equal, a bond issued by a government that is engaged in a civil war most likely pays a ----(higher/lower)---- interest rate than a bond issued by the government of Japan.
It costs Waterway Company $26 per unit ($18 variable and $8 fixed) to produce its product, which normally sells for $38 per unit. A foreign wholesaler offers to purchase 5400 units at $21 each. Waterway would incur special shipping costs of $2 per unit if the order were accepted. Waterway has sufficient unused capacity to produce the 5400 units.If the special order is accepted, what will be the effect on net income?
b. 7 days, 5 workers
c. 5 days, 7 workers
d. 8 days, 3 workers
Answers
Answer: c. 5 days, 7 workers
Explanation: With the project requirements provided, and with the least of number of resources working on the task not less than the number of those assigned to the task.
The least amount of time for the project to complete would be approximately 5 days, and the resources needed to complete the task would be approximately 7 workers.
Answers
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
b. may receive patent protection for two years by filing a simpler, shorter, cheaper provisional patent application while he is working on his complex, regular patent application.
c. is entitled to a patent over someone else who invents the same product if he is the first to invent it.
d. may sell his product for up to five years to see how well it sells before going through the complex process of filing a patent application with the PTO Office.
Answers
Answer:
a. must apply for a patent within one year of selling the product commercially.
Explanation:
As the product is the novel and also useful at the same time so he himself wants to try for the commercial purpose for reaping the benefits and the same should be used for a patent within one year for selling the product commercially manner
So as per the given situation, the option a is correct
And, the rest of the options seems incorrect
Answers
A purchase is generally defined as the buying of goods and services on the price decided by the seller of goods.
What is term Transactions about?
A transactions is defined as the record or an agreement between the buyer and seller of the goods or services.
1. Cash $17,000
To Service revenue (music) $17,000
(The academy receives cash by providing music services)
2. Prepaid Insurance $4,200
To Cash $4,200
(The academy paid cash in advance to purchase insurance policy)
3. Musical Equipment $20,000
To Cash $20,000
(The academy paid cash for acquiring musical equipment)
4. Cash $30,000
To Notes payable $30,000
(The academy borrowed cash by signing a notes from the bank)
Learn more about Transactions, refer to the link:
Answer:
See explanation section
Explanation:
1. Debit Cash $17,000
Credit Service revenue (music) $17,000
Note: The academy receives cash by providing music services to the students.
2. Debit Prepaid Insurance $4,200
Credit Cash $4,200
Note: The academy paid cash in advance to purchase insurance policy.
3. Debit Musical Equipment $20,000
Credit Cash $20,000
Note: The academy paid cash for acquiring musical equipment.
4. Debit Cash $30,000
Credit Notes payable $30,000
Note: The academy borrowed cash by signing a notes from the bank.
Answers
Answer:
D. decreasing returns to scale.
The answer and procedures of the exercise are attached in the image below.
Explanation
Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.
Bere Captal 75,000, and
Carroll Capital - $50,000
The carrying amounts of the assets and liabilities of the partnership are the same as their current fair values. Dorr will be admitted to the partnership with a 20% capital interest and a 20% share of net income and losses in exchange for a cash investment. The amount of cash that Dorr should invest in the partnership is:
Answers
Answer:
The correct answer is $62,500.
Explanation:
According to the scenario, the given data are as follows:
Apple Capital = $125,000
Bere Capital = $75,000
Carroll Capital = $50,000
So, the total capital = $125,000 + $75,000 + $50,000 = $250,000
So, we can calculate the Dorr invest amount by using following formula:
Dorr invest amount = Present capital - Initial total Capital
Where, Present Capital = $250,000 ÷ ( 100% - 80%) = $312,500
By putting the value, we get
Dorr invest amount = $312,500 - $250,000
= $62,500.
Final answer:
Dorr should invest $50,000 to acquire a 20% capital interest in the partnership of Apple, Bere, and Carroll LLP.
Explanation:
The total capital of Apple, Bere and Carroll LLP is the sum of the capital accounts of the three existing partners: Apple ($125,000) + Bere ($75,000) + Carroll ($50,000) = $250,000. We know Dorr is buying a 20% capital interest, that would mean that Dorr should invest an amount equivalent to 20% of the total current capital. Hence, Dorr's investment would be 20% of $250,000, which equals $50,000.
Learn more about Capital Interest here:
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