17. Calculating Future Values Streamsong Credit Bank is offering 4.7 percent compounded daily on its savings accounts. If you deposit $4,750 today, how much will you have in the account in 5 years

Answers

Answer 1

Answer:

Future value = $5912.87

Explanation:

Below is the calculation:

Interest rate = 4.7%

Present value of deposit = $4750

Time period, n = 5 years

Future value = Present value ( 1 + interest rate)^n

Future value = 4750 ( 1 + (4.7%/365)^5*365

Future value = 4750 (1 + 0.00012)^1825

Future value = $5912.87


Related Questions

A subsidy causes a deadweight loss since people only make a purchase because the subsidy _____ the price. The amount they value the extra quantity is _____ than it costs the government to move them to buy it.

Answers

Answer: lowers; less

Explanation:

Subsidies are usually given on public goods which the government wants the public to buy more of. For this reason, these goods will cost less than they should on account of the government paying some of the cost.

The deadweight loss arises because the government is paying more than consumers would have paid in order to entice the consumers to buy the good. Essentially the cost to the government is higher than the consumer surplus which creates a deadweight loss.

Synthetic clothing releases fibers during the washing process, which then end up poisoning rivers, lakes, and oceans. Fish and other wildlife consume the microfibers, accumulating toxins in their bodies that can become concentrated as they travel up the food chain. The production of synthetic clothing is an example of market failure due to:___________
a) the nature of public goods.
b) asymmetric information
c) external costs
d) misinformation

Answers

Answer:

c) external costs

Explanation:

The production of synthetic clothing represent the example of the external cost as the external costs is the cost that are spend by an individual or firm in which the outcome of an economic transaction that are indirectly included. In this the cost could occurs from both the production and the consumption

So as per the given situation, the option c is correct

Evaluate the product-company and product market fit of the line extension options. Does the idea fit with the company and market

Answers

no lo se naday9gxyh87cycu7gg7g

please share me answer​

Answers

Answer:

Explanation:

debit Unearned Revenue   200

credit        Revenues                   200

To realize one month of insurance premium revenue

If Wolves Entertainment Company is acting in the best interests of stockholders (following the primary goal of the firm), which of the following is the optimal (best) capital structure for the firm?
A. Debt = 50%, Equity = 50%, EPS = $3.05, Stock price = $29.90, Cost of Debt = 3.5%.B. Debt = 80%, Equity = 20%, EPS = $3.28, Stock price = $29.70, Cost of Debt = 5.8%.C. Debt = 40%, Equity = 60%, EPS = $2.95, Stock price = $30.50, Cost of Debt = 3.0%.D. Debt = 60%, Equity = 40%, EPS = $3.18, Stock price = $31.20, Cost of Debt = 4.0%.E. Debt = 70%, Equity = 30%, EPS = $3.42, Stock price = $30.40, Cost of Debt = 5.0%.

Answers

Answer: D. Debt = 60%, Equity = 40%, EPS = $3.18, Stock price = $31.20, Cost of Debt = 4.0%.

Explanation:

Since the company is acting in the best interests of stockholders the optimal capital structure for the firm will be option D "Debt = 60%, Equity = 40%, EPS = $3.18, Stock price = $31.20, Cost of Debt = 4.0%".

In this case, the price is at maximum when compared to other options, therefore the value of the shareholders will be maximize.

g Using the Gross margin analysis, establish the relationship between the revenues and the cost of sales for the different months and compare this with your expectation. Would you want to investigate any months

Answers

Answer: Hello your question has some missing information hence i will provide a more general question within the scope of your question

answer :

Revenue = Selling price - Direct cost

Input the values for the different months that you have into the relationship above

Explanation:

Gross margin is the revenue retained from company sales after the deduction of direct costs involved with the production of goods and services been sold.

The relationship between Revenues and cost of sales using Gross margin analysis

Revenue = Selling price - Direct cost

Input the values for the different months that you have into the relationship above

You have just deposited $10,000 into an account that promises to pay you an annual interest rate of 6.3 percent each year for the next 4 years. You will leave the money invested in the account and 10 years from today, you need to have $32,800 in the account. What annual interest rate must you earn over the last 6 years to accomplish this goal

Answers

Answer:

The annual interest rate you must earn over the last 6 years to accomplish this goal is 17.03%.

Explanation:

Future value after 4 years = Deposited amount * (100% + Annual interest rate for 4 years)^4 = $10,000 * (100% + 6.3%)^4 =  12,768.30

The interest rate can be calculated using the following RATE function in Excel:

Interest rate = RATE(nper,pmt,-pv,fv,type) .............(1)

Where;

nper = number of periods = number of years remaining after 4 years = 10 - 4 = 6

pmt = Annual payments = 0 (This is 0 because there is no annual payment)

pv = present value = Future value after 4 years = $12,768.30

fv = future value = The amount you need to have in the account after 10 years = $32,800

type = when payments are due (0 = end of period. 1 = beginning of period) = 0

Substituting the values into equation (1), we have:

Interest rate = RATE(6,0,-12768.30,32800,0) .................. (2)

Inputting =RATE(6,0,-12768.30,32800,0) into a cell in an excel sheet (Note: as done in the attached excel file), the annual interest rate is obtained as 17.03%.

Therefore, the annual interest rate you must earn over the last 6 years to accomplish this goal is 17.03%.

Even in these times of social media and digital content some of the old ways of promotion can still be effective. Identify two strengths and two weaknesses of each major advertising medium: newspapers, television, direct mail, radio, magazines, and outdoor display.

Answers

Answer:

Newspaper Advertising

STRENGHTS:

I. Wide reach/coverages

II. Cheap and easily affordable

WEAKNESS:

I. Can easily be destroyed

II. Iliterates can not be able to read its contents.

TELEVISION

STRENGHTS

I. Wider reach/coverage

II. Very attractive and understandable.

WEAKNESSES

I. Very expensive to maintain

II. May not be available to the poor.

DIRECT MAIL

STRENGHTS

I. Focused audience

II. High response rate

WEAKNESSES

I. Too expensive to maintain

II. May not have a wide reach.

RADIO

STRENGHTS

I. Wider reach/coverage

II. Easily accessible and affordable

WEAKNESSES

I. Expensive to maintain especially to the advertising organisation

II. Signal/connection issues.

MAGAZINE

STRENGHTS

I. attractive with colorful eye-catching pictures

II. Can easily understood by users.

WEAKNESSES

I. Magazines are usually very expensive than newspapers

II. Can easily be destroyed.

OUTDOOR DISPLAY

STRENGHTS

I. Very attractive with eye-catching pictures

II. Easily accessible with wider reach.

WEAKNESSES

I. Very expensive to maintain

II. Not focused/ not targeted at audience.

III. Waste coverages

Explanation:

Advertisement agencies are utilising several means of communication and marketing to their customers as described above those means has been fully utilized.

Newspaper Advertising is very affordable and can be easily accessible to the local population while it is easier to destroy or misplaced and also it can not be utilised by illustrates who can not read.

Television advertising is one of the most attractive as it contains pictures that can be attractive to its audience and also it has a wide coverage, it also has certain weaknesses which includes the cost of maintaining etc.

Outdoor advertising is also very attractive to the audience and it has a wide coverage as everyone making use of road can be easily reached. Some of the weaknesses of outdoor advertising includes the cost of sustaining it and also waste coverages as many audience may not need or desire the product being displayed.

Principles-based standards differ from a rules-based approach because: Principles-based standards rely on bright-line concepts to apply accounting standards Rules-based standards rely on bright-line rules to apply accounting standards Principles-based standards set uniform goals for the application of accounting standards Rules-based standards form the basis of IFRS

Answers

Answer: Principles-based standards set uniform goals for the application of accounting standards

Explanation:

Rule based standards are quite rigid and as a result, set specific goals when it comes to the application of accounting standards. This is in contrast to Principles based standards that set more uniform or general goals that should be met.

This is why IFRS is preferred by most nations in the world as opposed to U.S. GAAP. IFRS gives principle based standards which allow leeway unlike U.S. GAAP which is rules based and gives little leeway in application.

Considering technological innovations, schools increasingly adopt digital tools and promote online environments for learning.

a. True
b. False

Answers

Answer:

A

Explanation:

Technological innovations are been increasingly adopted in schools.

examples of technological innovations used in schools are :

Digital readers and tablets.   Virtual reality Gamification Use of Biometrics Cloud technology Artificial intelligence Mobile technology

Advantages of adopting technology in schools include :

It facilitates the learning process and ensures faster retention of what is taughtIt also helps students remember what they were been taught in schools. for example, there are educational game appsAlso, students can get help faster with questions they might have. for example, an app like brainly provides answers and explanation to studentsWith technology, learning can take place outside the four walls of a school. With the pandemic, technology has facilitated learning from home.

Please answer the question posted in the attached image

Answers

Answer:

80

Explanation:

Years = 20

Compounding month = 4 (quarterly)

N is the number of compounding factors = 20 years * 4 periods per year = 80. So, the value of n in the F/A factor (for determining F/A factor the end of the 20 year period) is 80.

On 6/30/12, a company recorded a journal entry for the coupon payment on its bond. As part of the journal entry, the company debited bonds payable. Which of the following is true regarding this journal entry?

a. The company debited Interest Expense
b. The bond was issued at a discount
c. The proceeds of the bond were less than the face value
d. The company credited Cash
e. The coupon rate is greater than the effective rate

Answers

Answer:

a. The company debited Interest Expense  d. The company credited Cash

Explanation:

The coupon payment represents the interest payment being paid by the company on the bond. They will therefore record this coupon by debiting it to the Interest expense account as expenses are debited when they are incurred.

The same amount will be credited to the Cash account because the payment will come from the cash holdings of the company. Cash is an asset account so it is credited when it reduces.

In a completely randomized experimental design involving five treatments, 13 observations were recorded for each of the five treatments (a total of 65 observations). Also, the design provided the following information.
SSTR = 300 (Sum of Squares Due to Treatments)
SST = 800 (Total Sum of Squares)
​1. The number of degrees of freedom corresponding to within-treatments is:___________.
a. 5.
b. 59.
c. 4.
d. 60.
2. The mean square due to error (MSE) is:_________.
a. 200.
b. 500.
c. 8.3.
d. 75.
3. The null hypothesis is to be tested at the 5% level of significance. The null hypothesis:________.
a. should be rejected.
b. should not be rejected.
c. was designed incorrectly.
d. cannot be tested.
4. The mean square due to treatments (MSTR) equals:_______.
a. 500.
b. 400.
c. 1350.
d. 1687.5.

Answers

1. The number of degrees of freedom corresponding to within-treatments is: 60. Option D

2. The mean square due to error (MSE) is: 8.3. Option C

3.  The null hypothesis is to be tested at the 5% level of significance. The null hypothesis should be rejected. Option A

4. MSTR is 75

How to solve for the degree of freedom

Df = n - k

n = total observation

k = treatment

Df = 65 - 5

= 60

The mean square error is given as

MSE = SSE / DF

= 800 - 300 / 60

500 / 60

= 8.3

3) From the use of technology, the value of the P Value is given as 0.0000 the p value is less than the significance level. We have to reject the null.

4. The MSTR is given as 75. SSTR / DF

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A bond pays $80 per year in interest and has a $1,000 par value. The market rate of interest is 6%. What is the coupon rate for this bond

Answers

Answer:

8%

Explanation:

The coupon is the amount of periodic cash payable to bondholders which is usually a percentage of the bond's face value.

The coupon of $80 is payable annually in this case, hence, based on the face value( par value) of $1,000 per bond, the coupon rate is computed as shown thus:

annual coupon=face value*coupon rate

annual coupon=$80

face value=$1000

coupon rate=unknown

$80=$1000*coupon rate

coupon rate=$80/$1000

coupon rate=8%

The accountant at EZ Toys, Inc. is analyzing the production and cost data for its Trucks Division. For October, the actual results and the master budget data are presented below. Actual Results:Budget Data: 10,000 Trucks Produced and Sold12,000 Trucks Planned Unit selling price$15Unit selling price$14 Variable costs:Unit variable cost: Direct materials$ 52,800 Direct materials$ 5 Direct labor51,000 Direct labor4 Variable overhead 23,000 Variable overhead 2 Total variable costs$126,800Total unit variable costs$11 Fixed overhead$9,000Fixed overhead$9,600 Required: Prepare a variance analysis to compare actual results and the master budget.

Answers

1000,000 for the ushejdjkejdhjejejeje

Jasper makes a $84,000, 90-day, 7% cash loan to Clayborn Co. Jasper's entry to record the transaction should be:__________
a) Debit Notes Receivable for $84,000, credit Cash $84,000.
b) Debit Accounts Receivable $84,000, credit Notes Receivable $84,000.
c) Debit Cash $84,000, credit Notes Receivable for $84,000
d) Debit Notes Payable $84,000; credit Accounts Payable $84,000.
e) Debit Notes Receivable $84,000; credit Sales $84,000.

Answers

Answer:

a) Debit Notes Receivable for $84,000, credit Cash $84,000.

Explanation:

Based on the information given we were told that Jasper makes the amount of $84,000 which means that Jasper's appropriate journal entry to record the transaction should be:

Debit Notes Receivable $84,000

CreditCash $84,000

Carr Inc. purchased equipment for $100,000 on January 1, Year 1. The equipment had an estimated 10-year useful life and a $15,000 salvage value. Carr uses the 200 percent declining balance depreciation method. In its Year 2 income statement, what amount should Carr report as depreciation expense for the equipment

Answers

Answer:

$16,000

Explanation:

Calculation to determine what amount should Carr report as depreciation expense for the equipment

First step is to calculate Depreciation under Double declining Balance method

Depreciation under DDB = 2/10 x $100,000

Depreciation under DDB =$ 20,000

Now let calculate what amount should Carr report as depreciation expense for the equipment

Depreciation expense=2/10 *($100,000-$20,000)

Depreciation expense=2/10*$80,000

Depreciation expense= $16,000

Therefore what amount should Carr report as depreciation expense for the equipment is $16,000

A comparable property sold 17 months ago for $115,000. If the appropriate adjustment for market conditions is 0.30% per month (without compounding), what would be the adjusted price of the comparable property

Answers

Answer and Explanation:

The computation is shown below:

Without compounding, the adjusted price of the comparable property is  

= $115,000 × (1+ (0.003 × 17))

= $115,000 × 1.051

= $120,865

And,  

With compounding:

= $115,000 × (1.003)^10

= $115,000 × 1.030408

= $118,496.92

In this way it should be calculated

Kahn Performance Nutrition produces a protein shake that contains whey protein as one of its ingredients. The whey protein (materials) standards for each batch of protein shake produced are 12 pounds of whey protein at a standard cost of $3 per pound. During July, Kahn Performance Nutrition purchased and used 54,000 pounds of whey protein at a total of $170,000 to make a total of 4,300 batches of protein shake. What is the materials quantity variance for whey protein in July?

Answers

Answer:

The correct answer is "-$7200 (Unfavorable)".

Explanation:

Given:

Actual quantity,

= 54000 pounds

Standard price,

= $3 per pound

Standard quantity,

= [tex]4300\times 12[/tex]

= [tex]51600 \ pounds[/tex]

As we know,

⇒ [tex]Material \ quantity \ variance=(Standard \ quantity-Actual \ quantity)\times Standard \ price[/tex]By substituting the values, we get

⇒                                          [tex]=(51600-54000)\times 3[/tex]

⇒                                          [tex]=(-2400)\times 3[/tex]

⇒                                          [tex]=-7200 \ (Unfavorable)[/tex]

Suppose a three-factor model is appropriate to describe the returns of a stock. Information about those three factors is presented in the following chart: What is the systematic risk of the stock return

Answers

Answer:

The answer is "[tex]6.33\%[/tex]"

Explanation:

The systematic portion of the return can be defined as follows:

[tex]\to 0.0000734(\$17,863?\$17,034)?0.90(2.60\%?2.80\%)?0.32(3.50\%?3.70\%)[/tex]

[tex]= 0.0000734 (829) - .90 (-.002) - .32(-.002)\\\\= 0.0608486 + 0.0018 + 0.00064\\\\= 0.0633 \\\\ = 6.33\%[/tex]

2. State the accounting equation.

Answers

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The accounting equation formula is Assets = Liabilities + Equity.

☆☆●◉✿Step-by-step explanation:✿◉●☆☆

Liabilities + Equity = Assets :3 I’m vewy sowy ➖〰️➖

Rate of Return if State Occurs Stock State of Economy Probability of State of Economy Stock A Stock B C Boom

Answers

Answer:

mmmmmmmmmmmmmmmmmmm?

Which business plan section is being described?
Industry description and outlook should be included.
O Market Analysis
O Business Description and Vision
O Organization and Management
O Executive Summary

Answers

Answer:

organization and management

Organization and Management is the business plan section is being described. Hence, option C is correct.

What is Organization and Management?

Organizations and management are a mixture of many things, like how an individual person is organized and how they need to manage themselves. It can be defined as the interaction of the employees with the colleagues, customers, and other staff members in the organization.

This is the long process of planning, organizing, staffing, directing, and controlling the organization according to its size and needs.

Establishing a structure that gives employees a clear understanding of power, positions, and job tasks is one goal of organizational management. This organizational structure guarantees that business operations run smoothly and that personnel complete specific responsibilities, preventing efforts from duplicating or overlapping.

Thus, option C is correct.

For more information about Organization and Management, click here:

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Customer satisfaction simply means:

Answers

Answer:

how happy customers are with a company's products/services

Explanation:

Customer satisfaction is defined as a measurement that determines how happy customers are with a company's products, services, and capabilities. Customer satisfaction information, including surveys and ratings, can help a company determine how to best improve or changes its products and services.

In 1 to 2 paragraphs, analyze how a person's ethics or values might affect his performance on the job
Please answer and I’ll mark you the best answer

Answers

Answer:

How can poor ethics devalue you as an asset on the team? Well, if you have poor moral standards and beliefs and what not, people can somewhat easily identify your personality as a negative trait. However if you're a good person with good values and spot on ethics, people will quickly realize that you're a good asset to have on the team.

Your energy, work ethic, and values also determine how good or bad your work ethic is.

Explanation:

here you go :)

Assume US GAAP to answer this question. In 2017, $2 million in wages were earned and no cash wages were paid. In 2018, $8 million in wages were earned and $9 million in cash wages were paid. Cash wages were used to first pay wages earned in 2017 with the remainder used to pay wages earned in 2018. Any earned but unpaid wages will be paid during the first quarter of 2019. Using only the information provided, which of the following statements is most accurate?

a. Liabilities increased by $1.0 million in 2018
b. Liabilities increased by $3.0 million in 2018
c. Assets decreased by $5.0 million in 2018
d. Retained earnings decreased by $10.0 million in 2018
e. Retained earnings decreased by $7.0 million in 2018

Answers

Answer: a. Liabilities increased by $1.0 million in 2018

Explanation:

In 2018, $9 million was used to settle the wage debt of 2017 and the remainder was used to settle the wages in 2018.

The money remaining in cash after the wage settlement was:

= 9,000,000 - 2,000,000 - 8,000,000

= -$1,000,000

This means that $1,000,000 of wages was not settled in 2018 which means that this would have to go to the Wages Payable account to signify that the company owes wages.

This account is a liability account so liabilities in 2018 would increase by $1,000,000.

Businesses rely on information to manage ________ that cuts across and supports the entire organization.

Answers

Answer:

customer services.

Explanation:

CRM is an acronym for customer relationship management and it typically involves the process of combining strategies, techniques, practices and technology so as to effectively and efficiently manage their customer data in order to improve and enhance customer satisfaction. Thus, this employees are saddled with the responsibility of ensuring the customer are satisfied and happy with their service at all times.

This ultimately implies that, customer relationship is focused on developing an ongoing connection between a business firm (organization) and all of its customers, as well as potential customers.

Hence, businesses generally rely on information to manage customer services that cuts across and supports the entire organization.

In conclusion, the degree of satisfaction received by customers throughout their lifecycle is largely dependent on customer relationship management and as a significant level of impact on a business such as in sales revenue and profits.

. Drayser Corporation has budgeted sales of 23,000 units, targeted ending finished goods inventory of 9,000 units, and beginning finished goods inventory of 6,000 units. How many units should be produced next year

Answers

Answer:

Production= 26,000

Explanation:

Giving the following information:

budgeted sales of 23,000 units, targeted ending finished goods inventory of 9,000 units, and beginning finished goods inventory of 6,000 units.

To calculate the production required, we need to use the following formula:

Production= sales + desired ending inventory - beginning inventory

Production= 23,000 + 9,000 - 6,000

Production= 26,000

2. The materials cost variance report for Nickols Inc. indicates a large favorable materials price variance and a significant unfavorable materials quantity variance. What might have caused these offsetting variances?

Answers

Answer:

A favorable materials price variance is caused by the amount budgeted for material prices (standard price) being higher than the actual price of the materials. This can happen as a result of increased supply of materials in the market.

An unfavorable materials quantity variance arises when the actual amount of materials used surpasses the amount of materials that was budgeted (standard materials). This can happen due to wastage and inefficiency.

These two cancel each other out because the extra material that is to be used will be acquired at the surplus price that standard price exceeds actual price by.

The Peach Corporation provides restricted stock to certain executives. Under the plan, the company granted 30 million shares on January 1, 2013, which vest in four years. The fair value of the shares is $14. No forfeitures are anticipated. Ignore taxes. You must show your work for credit.
1. Determine the total compensation cost pertaining to the restricted stock
2. Prepare the appropriate journal entry (if any) to record the award of restricted stock on January 1, 20133.
3. Prepare the appropriate journal entry (if any) to record compensation expense on December 31, 2013.

Answers

Answer and Explanation:

1. The computation of the total compensation cost is

= 30 million shares × $14

= $420 million

2. No journal entry is required

3, The journal entry is

Compensation Expense ($420 ÷ 4)  $105    

         To Paid in capital-Restricted Stock  $105

(Being the compensation expense is recorded)

In this way it should be done and the same is relevant

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