Ask question

Ask question

All categories

1 year ago

9

(a. how much will accumulate in an account with an initial deposit of $100, and which earns 10% interest compounded quarterly fo

r 3 years?
a. $107.69
b. $133.10
c. $134.49
d. $313.84

1 answer:

Eva8 [605]1 year ago

5 0

Your answer will be B. $133.10

You might be interested in

to calculate your monthly lease payment on a three-year lease using the "residual value" of a $26,500 MSRP car, subtract the 48%

max2010maxim [7]

Answer:

The approximate monthly payment is $383

Explanation:

Here, we want to calculate the approximate monthly payment on a 3-year lease agreement and we have been told what to do in the question.

Firstly, we start off by subtracting 48% residual value from the MSRP

48% of 26,500 = 48/100 * 26,500 = $12,720

We subtract this from $26,500

That will be $26,500 - $12,720 = $13,780

We have 3 years and that is 36 months

So the approximate monthly payment will be;

$13,780 / 36 = 382.7777777777778 which is approximately $383 to the nearest whole digit

6 0

2 years ago

Campus Theater adjusts its accounts every month. The company's unadjusted trial balance dated August 31, current year, appears a

svetlana [45]

Answer:

Debit Rental expense $18,240 Credit Prepaid Rent expense $18,240

Debit depreciation$840 Credit Accumulated depreciation on Building $840

Debit depreciation $720 Credit Accumulated depreciation on fixtures and equipment $720

Debit Interest expense $1,800 Credit Accrued interest payable $1,800

Debit Unearned admission Revenue $600 Credit Revenue $600

Debit Accounts Receivable $2,700 Credit Concession Revenue $2,700

Debit Salaries expense $2,040, Credit Salaries Payable $2,040

Debit Income tax Expense $5,040 Credit Current Tax Payable $5,040

Debit Utility expense $12,600 Credit Utility bills $12,600

Explanation:

Depreciation : Building = 201,600/240 = $840

4 0

2 years ago

PortaCom manufactures notebook computers and related equipment. PortaCom's product design group developed a prototype for a new

Alchen [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Selling Price $284 per unit

Administrative Cost $500,000

Advertising Cost $700,000

(a) Units= 18,500

Direct labor= $50

Direct material= $88

Sales= 18,500*284= 5,254,000

Variable costs= (50 + 88)*18,500= (2,553,000)

Contribution margin= 2,701,000

Administrative Cost= (500,000)

Advertising Cost= (700,000)

Net operating income= 1,501,000

B)Units= 9,500

Direct labor= $51

Direct material= $101

Sales= 9,500*284= 2,698,000

Variable costs= (51 + 101)*9,500= (1,444,000)

Contribution margin= 1,254,000

Administrative Cost= (500,000)

Advertising Cost= (700,000)

Net operating income= 54,000

7 0

2 years ago

Jarrett Baker is the founder of an enterprise software company located in Chevy Chase, Maryland. By looking at the income statem

Westkost [7]

Answer and Explanation:

In this particular case, the working capital continues to fall and hits a value below zero otherwise the business would have a negative cash flow.

Company's assets are below its liabilities which including its current working capital would not be able to manage its debts. The Company would be faced with extreme difficulty in paying back its creditors.

If, as in the case at hand , the company continues to operate in low working capital and work capital declines over time, the company can encounter extremely serious financial problems.

Following Effects may include declining revenue from purchases, non-inventory management, or issues with the specific total accounts receivable.

3 0

2 years ago

Suppose the daily demand for soda is given by P = 4 – (2/3)Q and the daily supply of soda is given by P = 1 + (1/3)Q, where P is

Pavel [41]

Answer:

Qe 2

Pe 2

Demand price elasticity -0.60

Supplu price elasticity 3

i. It will decrease

As the demand as a more than proportionate price elasticity will overreact to the input price and their subsequent price increase with a reduce in consumption.

Explanation:

We equalize both to get the equilibrium quantity (Qe)

4 - 2/3Qe = 1 + 1/3Qe

Qe(2/3 + 1/3) = 4 - 1

Qe = 3

Then we solve for equilibrium price (Pe)

Pe = 4 - 2/3 x 3 = 4 - 2 = 2

Pe = 1 + 1/3 x 3 = 1 + 1 = 2

Price elasticity of demand at equilibrium:

variation in quantity / variation in price

we solve for Q when P = 3 and compare the variation

(1.33-3) / (3 - 2) = -1.66/1 = -1.66

Price elasticity of supply at equilibrium: ( 6 - 3) / (3 - 2) = 3 / 1 = 3

7 0

2 years ago