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mel-nik [20]
1 year ago
8

The Masterson family is setting up a vacation fund, and they plan on depositing $1,000 per quarter in an investment that will pa

y 12% annual interest. What amount will they have available for their vacation at the end of 2 years? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)
Business
1 answer:
natali 33 [55]1 year ago
6 0

Answer:

$8,892.34

Explanation:

This question is an ordinary annuity type of question. It can be solved using a financial calculator. Input the following to solve for the future value of the annuity deposits;

Recurring payment; PMT = -1,000

Duration of investment; N = 2*4 = 8 quarters

One-time present cashflow; PV = 0

Quarterly interest rate ; I = 12% /4 = 3%

then compute the future value ; CPT FV = $8,892.34

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Summers, Inc., has net income of $50 million in the current year. Stockholders’ equity at the beginning and the end of the curre
vovikov84 [41]

Answer:

ROE = 33.33%

Explanation:

<em><u>return on equity:</u></em>

\frac{income}{average \: equity}

<em><u>where:</u></em>

Average equity

$$(beginning + ending equity) \div 2

(140 + 160) / 2 = 150

return on equity : 50 / 150 = 1/3 = 0.3333 = 33.33%

The ROE measures the effectiveness of the managers to generate profit with their current net assets(equity)

This ROE of 33.33% rrepresent that for every dollar of equity the company generates 33 cents of income

5 0
2 years ago
When the same attribute in related data files has different values, this is called data?
faust18 [17]
It seems that you missed the given choices for this question, but anyway here is the correct answer. When the same <span>attribute in related data files has different values, this is called data dependence. Hope this answer helps. Other options of this question include redundancy, duplication, discrepancy and inconsistency. Thanks for posting your question.</span>
8 0
1 year ago
If the month-end bank statement shows a balance of $72,000, outstanding checks are $54,000, a deposit of $15,000 was in transit
barxatty [35]

Answer:

The correct answer was supposed to be $36,000 which is not in the given choices.

Explanation:

correct balance in the bank account

= As per bank statement balance - outstanding checks  + deposit in transit  + check erroneously charged  

= $72,000 - $54,000 + $15,000 +  $3,000

= $36,000

5 0
2 years ago
Which of the accompanying boxplots likely has the data with the larger standard​ deviation? why?
Paraphin [41]

The answer is Boxplot II.  The standard deviation for the data associated with Boxplot II will likely have a larger standard deviation. Boxplot II has a greater spread than Boxplot​ I, as measured by the interquartile​ range, which is  related directly to the standard deviation of a data set.


7 0
2 years ago
Catherine has been managing her company for a couple of years. She now plans to expand her business by bringing in fresh funding
horsena [70]

Answer:

  • News report on website and social media channels.
  • Quarterly earnings call.
  • Annual General meeting.

Explanation:

As there are no options available, I listed three ways in order of ease of implementation.

Catherine could include the news in a news report or newsletter and post it on the company website and their social media platforms to ensure that as many of their shareholders as possible read it. This is the easiest method mentioned and can be done as soon as possible.

Catherine can also update the shareholders during Quarterly Earnings calls which is a webcast or teleconference where she will update shareholders on the happenings in the company. As this happens quarterly, Catherine may have to wait some time to use it so it is second in ease of use.

Catherine could also wait till the Annual General Meeting of the shareholders to do so but this could take quite a long time.

5 0
1 year ago
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