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sergey [27]
2 years ago
6

Eighteen years from now, 4 years of college are expected to cost $150,000. How much more must be deposited into an account today

to fund this expense if you can earn only 8% on your savings rather than the 11% you hope to earn
Business
1 answer:
ivann1987 [24]2 years ago
8 0

Answer:

$14,614.02

Explanation:

The computation of the much more amount deposited is shown below:

= Expected cost ÷ (1 + interest rate on savings)^number of years - Expected cost ÷ (1 + interest rate on earnings)^number of years

= $150,000 ÷ (1 + 0.08)^18 - $150,000 ÷ (1 + 0.11)^18

= $37,537.35 - $22,923.33

= $14,614.02

We simply deduct the earning from the savings so that the approximate valeu could come

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Answer:

Mechanistic

Explanation:

Mechanistic is the correct answer as it is clearly mentioned that the person just placed the order and takes the payment which very categorically means that intervention in the entire process is quite less which is the basic definition of Mechanistic unlike the other given options.

8 0
2 years ago
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Upon graduating with an accounting degree, you open your own accounting firm of which you and your assistant are the only employ
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Acme Sales calls its customers after they purchase an automobile from the dealership. In addition, every year customers are aske
iren [92.7K]

Answer:

open

Explanation:

Based on the description provided, it seems that Acme Sales is an example of an open system. This is a system that has external interactions which deals with information, energy, or material transfers into or out of the system boundary. In this scenario, Acme Sales is transferring information to and from the company by asking their customers questions over the phone which the clients are providing this information.

6 0
2 years ago
Doubling the capacity of a bottleneck operation would theoretically always double the capacity of the process. Ignore waiting ti
nignag [31]

Answer: b) No

Explanation:

If you double the capacity of the bottleneck operation i.e the operation that has a limited capacity that is causing the entire project to slow down, it could work for removing the bottleneck from that particular operation. The problem however, is that this bottleneck might then be passed into another operation which will then slow down the entire process again.

Think of this this way, imagine there is constant traffic on one road with a double lane in a city and the city decides to up it to a four lane drive. The traffic subsides in that area but still continues on the road lane after the upgraded road which is a 2 lane as well.

The problem may have been fixed in one area but might just come up in another one.

3 0
2 years ago
Environmental Designs issues 4,000 shares of its $1 par value common stock at $14 per share. (1) Record the issuance of the stoc
tigry1 [53]

Answer:

1.Dr  Cash       $56,000

 Cr Common stock                            $4,000

  Cr Paid-in capital in excess of par $52,000

2.

  Dr  Cash                                   $56,000

 Cr Common stock no par value                $56,000

Explanation:

The cash proceeds from the issue of common stock is $14*4000=$56,000

Consequently, the cash account is debited with $56,000 and corresponding credit entries would to common stock account with $4,000($1*4000) and paid-in capital in excess of par $52,000($14-$1)*4000))

However,when there is no par amount the $56,000 cash proceeds is debited to cash account and credited to common stock no par value account

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