an effective annual interest rate of 12.95% how many years will it take a given amount to Triple in value

Answers

Answer 1

Answer:

Number of year n = 9 year (Approx)

Explanation:

Given:

Effective annual interest rate = 12.95% = 0.1295

Find:

Number of year n

Assume;

Invested = P

Amount = 3P

So,

3P = P(1+0.1295)ⁿ

3 = 1.1295ⁿ

n = 9

Number of year n = 9 year (Approx)


Related Questions

What's a business model that excites you?

Answers

Answer: Fashion model, Technology

Explanation:

Rock industries allocates manufacturing overhead based on direct labor cost. any overallocated or underallocated overhead is closed monthly.calculate the cost of goods manufactured for november before procation of over or under allocated overhead

Answers

Answer:

Note: The full question is attached as picture below

Overhead Cost of one Month = Total Overhead Cost  / 12 Month

Overhead Cost of one Month = $403,200 / 12 month

Overhead Cost of one Month = $33,600

So, Overhead Chargeable Per Month is $33,600

PARTICULARS                                      AMOUNT

Direct Materials                                     $26,000

Direct Labor                                           $21,000

Manufacturing overhead Applied        $33,600

Total Manufacturing Expenses           $80,600

Less: Job Work in Process      

Direct Materials                                       $3,000

Direct Labor                                             $1,500

Cost of Goods Sold before proration  $76,100

of over or under allocated overhead

Determine the future value of $19,000 under each of the following sets of assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided. Round your final answers to nearest whole dollar amount.)

Answers

Answer and Explanation:

The computation of the future value in the following situations:

As we know that

Future value = Present value × (1 + rate of interest)^number of years

1. For semiannually

= $19,000 × (1 + 0.10 ÷ 2 )^8 × 2

= $19,000 × (1.05)^16

= $19,000 × 2.1829

= $41,475

2. For quartely

= $19,000 × (1 + 0.12 ÷ 4 )^2 × 2

= $19,000 × (1.03)^4

= $19,000 × 1.2268

= $23,309

3. For monthly

= $19,000 × (1 + 0.36 ÷ 12 )^15

= $19,000 × (1.03)^15

= $29,602

Dealing with a customer or seller in another country ________.

a. A U.S. company can always choose to be governed by U.S. law.
b. A U.S. company is always required to deal with the law of the foreign country.
c. Always raises issues over which country or countries law(s) will be applied and issues of jurisdiction to hear the case.

Answers

Answer:

iraq

Explanation:

Dealing with a customer or seller in another country A U.S. company is always required to deal with the law of the foreign country. Thus the correct option is B.

What is a Customer?

A customer is referred to as an individual who purchases a product or service. He may or may not be the consumer. A consumer refers to a person who utilizes or consume goods and service.

An e-commerce company will be governed by the rules and legislation of any other countries or states where you sell to customers. In the case, when the customer makes any complaint it will be handled by a foreign jurisdiction.

Therefore, it is crucial to start any business on an international border first need to check the legal environment to avoid any consequences in later terms and helps in the better positioning of the business.

Therefore, option B is appropriate.

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Ronnie's Custom Cars purchased some fixed assets two years ago for $50,000. The assets are classified as 5-year property for MACRS. Ronnie is considering selling these assets now so he can buy some newer fixed assets which utilize the latest in technology. Ronnie has been offered $27,000 for his old assets. What is the net cash flow from the salvage value if the tax rate is 34 percent

Answers

ew don’t give a scrag

Jones borrows $50,000 from Bank of America. How does this transaction affect the accounting equation

Answers

Explanation:

Basis accounting principle says that asset account are debited when they are increasing and liability are credited when they are increasing and vice versa.

Therefore, in this transaction

Assets(cash in hand) increase by $50000, liabilities(loan) increase by $50000 and there is no effect on equity.

The accounting equation basically represents the balance sheet that shows the relationship between the assets of the firm, liabilities of the firm, and the equity of the firm. It is the basic pave for the book-keeping system and also equals the debits with the credits.  

The basis accounting principle says that asset account are debited when they are increasing and liability is credited when they are increasing and vice versa.

Therefore, in this transaction

Assets(cash in hand) increase by $50000, liabilities(loan) increase by $50000, and there is no effect on equity.

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What are the portfolio weights for a portfolio that has 130 shares of Stock A that sell for $40 per share and 110 shares of Stock B that sell for $30 per share

Answers

Answer:portfolio Weight of A =0.6118; portfolio Weight of B=0.3882

Explanation:

stock A  Investment = Number of shares x market value

=130 x 40 = $5200

stock B investment =Number of shares x market value

110 x 30 =    $3,300

Total Investments= $5200 +  $3,300  = $8,500

portfolio Weight = stock  Investment / Total investment

portfolio Weight of A= 5200/ 8,500 =0.6118

portfolio Weight of B = 3,300 / 8,500 =0.3882

At the end of 2008, how many businesses were operating in the United States?
2.7 million
270,200
27.2 million
10% of all businesses operating in 2000

Answers

Answer:

27.2 million

Explanation:

Online sources indicate that 27.2 million small businesses were operational in 2008.

In 2008, the US and the globe experienced a financial crisis that resulted in massive job losses and reduced business income. It is also at the time that many small businesses were started. After the 2008 crisis, small businesses continued to increase and flourish in the US.

During a period, 38,200 units were completed and 5,300 units were in ending WIP Inventory. Ending WIP was 70% complete for direct materials and 50% complete for conversion costs. What are the equivalent units for conversion costs

Answers

Answer: 40,850 units

Explanation:

38,200 units were already completed.

Of the ending WIP, conversion costs were:

= 50% * 5,300

= 2,650 units

Total Equi. units = 38,200 + 2,650

= 40,850 units

Drag the tiles to the correct boxes to complete the palrs.
Match the examples with the proper communication terms.
75 pointsss!!!!!!!!

Answers

Answer:

Ben says to an employee, "Your report had an excellent introduction. Can we work together on the body and  conclusion to get'it perfect?" constructive

Ingrid says to an employee, "Don't come back to work  unless you are on time tomorrow." destructive criticism

Linda says to an employee, "I have a hard time defending tardiness. Can you help me understand why you've been  late to work this week?" l-statement

David sends out a newsletter that lists the results of  the employee satisfaction survey. written communication

Constructive, destructive criticism,  l-statement, and written communication are the correct order in which the statment will be written.

What  is a communication style?

The assertive communication style, which is considered to be the most effective, promotes an open line of communication while remaining nonobtrusive. When expressing their own needs, wants, opinions, and feelings, the motivated staff takes into account the requirements of others.

Ben tells one of the workers, "Your report's introduction was superb. Can we collaborate to perfect this body and conclusion?" This form of communication is Constructive.

Don't come back to work unless you are on time tomorrow, Ingrid tells a worker. This is a destructive criticism.

Linda tells a worker, "I find it challenging to excuse being late. Could you explain to me why you arrived late to work this week?" An l-statement is this.

In a written communication, David distributes a newsletter that contains the findings of the employee satisfaction survey.

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Distinguish between small and large office.

Answers

Answer:

A small office is usually found in a small organisation because the volume of clerical activities is small.  An example of a large office is a bank. A factory could also be an example of a large office if it has more than ten people working in it. In a large office, work is divided among the many clerical workers.

The 2019 balance sheet of Dyrdek’s Skate Shop, Inc., showed $530,000 in the common stock account and $2.3 million in the additional paid-in surplus account. The 2020 balance sheet showed $570,000 and $2.5 million in the same two accounts, respectively. If the company paid out $320,000 in cash dividends during 2020, what was the cash flow to stockholders for the year?

Answers

Answer:

$80,000

Explanation:

[tex]The \ expression \ for \ calculating \ cash \ flow \ to \ stockholders \ is:[/tex]

[tex]Cashflow \ = \ Dividend \ paid \ during \ the \ year \ - \ change \ in \ t he \ value \ of \ common \ stock \ during \ - \ change \ in \ value \ of \ stock \ in \ the \ previous \ year[/tex][tex]Here;[/tex]

[tex]Change \ in \ value \ of \ Common \ stock \ during \ the \ year \ =[/tex] [tex]\ Value \ of \ Common \ stock \ of \ the \ Curren t \ Year - Value\ of \ Common \ stock \ of \ the \ Previous \ Year[/tex]

[tex]Change \ in \ valu e \ of \ Additional \ paid \ in \ surplus \ account \ during \ the \ year =[/tex]

[tex]Value \ of \ Additional \ paid \ in \ surplus \ account \ o f \ the \ Current \ Year \ -[/tex] [tex]\ Value \ of \ Additional \ paid \ in \ surplus \ account \ of \ th e \ Previous \ Year[/tex]

From the information given:

[tex]Dividend \ Payment \ during \ the \ year[/tex] 2020 = $320000

[tex]Value \ of \ stock \ in \ current \ yr[/tex]= i.e. 2020 = $570000

[tex]Value \ of \ stock \ in \ previoius \ yr[/tex] = i.e. 2019 = $530000

Change = $570000 - $530000 = $40,000

[tex]Value \ of \ Ad ditional \ paid-in \ surplus \ acct \ of \ the \ current \ year[/tex] = $2,500,000

[tex]Value \ of \ Ad ditional \ paid-in \ surplus \ acct \ of \ the \ previous \ year[/tex] = $2,300,000

Change = $2,500,000 - $2,300,000  = $ 200000

[tex]By \ using \ the \ above \ information \ in \ the \ formula \ for \ calculating \ the \ cash \ flow \ to[/tex]

[tex]\ stackholder, \ we \ get:[/tex]

= $320000 - $40,000 - $ 200000

= $80,000

When the purchasing company bears the liquidation expenses it will debit the expenses to:_______

a. Vendor Company’s Account
b. Bank Account
c. Goodwill Account
d. Debtors Account

Answers

Answer:

c. Goodwill Account

Explanation:

In the case when the company is in liquidation and the purchasing company paid the liquidation expense as it is beared by them so here the expenses would be debited to the goodwill account

Therefore as per the given situation, the option c is correct as the liquidation expenses should be debited to the goodwill

So the rest of the options are wrong

Brent has to complete a final group project and his group members aren't
doing their share of the work. Brent generally believes in being kind to others,
but at the last group meeting, he was so frustrated that he yelled at the group
and threatened to stop working on the project. Which value system is mainly
in question here?
A.ethics
B.law
C.business law
M.morality

Answers

Answer: M. Morality

Explanation:

Morality is the value system is mainly in question here. Hence, option D is correct.

What is Morality?

Moral and just standards define what constitutes unacceptable behavior in society and what constitutes right and acceptable behavior.

A civilisation uses moral standards to decide what is reasonable, right, or acceptable. The majority of nations agree that murder is evil, while some grant an exemption for murder committed when waging a war to defend the nation or when acting in self-defense.

According to Louis Pojman, morality has five objectives: "keep society from disintegrating," "lessen human suffering," "promote human flourishing," "resolve conflicts of interest in just and orderly ways," and "give praise and blame, reward the good, and punish the guilty".

Thus, option D is correct.

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A portfolio is invested 14 percent in Stock G, 55 percent in Stock J, and 31 percent in Stock K. The expected returns on these stocks are 8 percent, 14 percent, and 19 percent, respectively. What is the portfolio's expected return

Answers

Answer: 14.71%

Explanation:

The portfolio expected return is a weighted average of the individual returns on the stocks.

= (14% * 8%) + (55% * 14%) + (31% * 19%)

= 14.71%

The LaGrange Corporation had the following budgeted sales for the first half of the current year:

Cash Sales Credit Sales
January $60,000 $160,000
February $65,000 $180,000
March $50,000 $140,000
April $45,000 $130,000
May $55,000 $210,000
June $90,000 $240,000

The company is in the process of preparing a cash budget and must determine the expected cash collections by month. To this end, the following information has been assembled:

Collections on sales:

45% in month of sale
35% in month following sale
20% in second month following sale

The accounts receivable balance on January 1 of the current year was $85,000, of which $55,000 represents uncollected December sales and $30,000 represents uncollected November sales.

The total cash collected during January by LaGrange Corporation would be:_________

Answers

Answer:

$168,250

Explanation:

Total Cash Collection would include cash collected from both Cash Sales and Credit Sales.

Summary for Calculation of January Cash Collected

Cash Sales                                                        $60,000

Credit Sales :

For January Sales ($160,000 × 45%)              $72,000

For December Sales ($55,000 × 55%)           $30,250

For November Sales ($30,000 × 20%)             $6,000

Total Collection                                               $168,250

Conclusion :

The total cash collected during January by LaGrange Corporation would be $168,250

The total cash collected during January by LaGrange Corporation would be:$197,000.

Cash collected:

November receivables collections $30,000

December  receivables collections $35,000

($55,000 × 35%/55%)

January cash sales $60,000

January credit sales collection $72,000

($160,000×45%)

Total collection $197,000

Inconclusion the total cash collected during January by LaGrange Corporation would be:$197,000.

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The production possibilities model illustrates an inverse relationship between two goods or services because

Answers

Answer:

production of different types will compete for limited resources.

Explanation:

           The production possibilities model is also known as the Production–possibility frontier. It is the visual model of efficiency and scarcity. It provides the concept of how the economy can change things by using two goods as an example. It determines the trade offs that is associated with the allocation of the resources between the production of the two goods.

           The production possibilities curve or model shows the inverse relationship between the two goods and the services as producing different types of products or services will complete for the limited resources available.

          An economy has a very limited economic resource and therefore it can produce more number of one good by making only less of some another good.

If you are the Head of H.R Department in Ali Manufacture Company and you have hire the totally fresh candidates in your company so what kind of training you will suggested; on the job training or off the job training

Answers

Answer:

on the job training

Explanation:

On the job training focuses on a more practical training, i.e. training new employees through real life situations. While off the job training is theoretical training that can be carried out somewhere else. The advantage of on the  job training is that new employees encounter the same type of situations that they will face on their jobs.

Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows.

Answers

Answer:

The answer is:

[tex]Total \ liabilities = \$2,395\\\\Net \ worth = \$15,855 \\\\Total\ cash \ outflows = \$1,950[/tex]

Explanation:

Please find the complete question in the attached file.

[tex]\text{Total assets} = (450 + 1,890 + 7,800 + 2,350 + 1,500 + 3,400 + 860)= \$18,250 \\\\\text{Total liabilities} = (\$235 + \$2,160)= \$2,395 \\\\\text{Net worth} = (\$18,250 - \$2,395)= \$15,855 \\\\\text{Total cash inflows} = \$1,950 \\\\\text{Total cash outflows} = (650+345+230+180+110+65+80+90+70+130) = \$1,950\\\\[/tex]

If Hailey, Inc., has an equity multiplier of 1.46, total asset turnover of 1.5, and a profit margin of 5.6 percent, what is its ROE?

Answers

Answer:

12.26

Explanation:

Calculation for what is its ROE

Using this formula

ROE = Profit margin*Total asset turnover*Equity multiplier

Let plug in the formula

ROE=5.6*1.5*1.46

ROE=12.26

Therefore the ROE will be 12.26

Cartwright Brothers preferred stock has an annual dividend of $3.50 per share if the required rate of return on the preferred stock is 12% how much would you be willing to pay for one share of the preferred stock

Answers

Answer:

$29.17

Explanation:

Calculation for how much would you be willing to pay for one share of the preferred stock

Using this formula

Amount willing to pay=Preferred stock annual dividend/Required rate of return on preferred stock

Let plug in the formula

Amount willing to pay=$3.50 per share/0.12

Amount willing to pay=$29.166

Amount willing to pay=$29.17 (Approximately)

Therefore how much would you be willing to pay for one share of the preferred stock is $29.17

Tax assessors cannot do "spot" reassessments of properties unless

Answers

unless material change in the property is reported

Tax assessors cannot do "spot" reassessments of properties unless a material change in the property is reported.

What is Tax assessors?

Tax assessor is a person who assess the value of the tax and makes the use of the property in order to determine the value of the tax. The work done by the tax assessor refers to the Tax assessment or simply just assessment.

The tax is calculated by the tax assessor in order to collect the tax, which will act as the revenue for the government. Those taxes are used for the defense works, purchase of technology and doing the welfare of society.

Therefore, it can be concluded that unless a major change in the property is disclosed, tax assessors are not permitted to perform "spot" reassessments of properties.

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Account got deleted! Add me!!
Which descriptions best characterize the young Dr. Jekyll? Check all that apply.


-He was rich.

-He was in excellent shape.

-He was family oriented.

-He was famous.

-He was destined for a good future.


Don't mind the question btw.


My other account got deleted, Feel free to add me!!

Answers

Answer:

The descriptions that best characterize the young Dr. Jekyll include the following:

1.  -He was famous.

2.  -He was rich.

3.  -He was in excellent shape.

Explanation:

He was an eccentric Dr who was researching on the possibility of discovering a drug that will help mankind. During his research, he noticed that, when ever he take a particular drug, it alters his personality and body which would bring out the darkest thoughts in him.

The more he took the drug, the more him slips into darkness and destruction which always makes him sober after transforming back to his normal personality.

Answer:

1, 2, 5

Explanation:

He was rich.

He was in excellent shape.

He was destined for a good future

Explain the problems a hotel faces in making the following departments profitable: restaurants, bars, and room service

Answers

Answer: A successful strategy is to show guests the restaurants and explain the cuisine before they go to their rooms, which has prompted more guests to dine in the restaurants during their stay...The best way to prevent these occurrances is to have a good control system, which should include people who are paid to use the bar like regular guests, but are really there to check on the bartenders.

Explanation:

Restaurants; hotel guests are not always predictable. Sometimes they will use the hotel restauraunts, and other times they will dine out. A successful strategy is to show guests the restaurants and explain the cuisine before they go to their rooms, which has prompted more guests to dine in the restaurants during their stay.

Bar; Bars is measured by the pour/cost percentage. Post cost is obtained by dividing the cost of depleted inventory by sales over a period of time. Operations with lower pour costs have more sophisticated control systems and a higher-volume catering operation. Some bartenders tend to overpour measures to receive larger tips. The best way to prevent these occurrances is to have a good control system, which should include people who are paid to use the bar like regular guests, but are really there to check on the bartenders.

The Smelting Department of Kiner Company has the following production data for November. Production: Beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 9,400 units; and ending work in process 8,300 units that are 100% complete as to materials and 47% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November.

Answers

Answer:

Equivalent unit(material) = 17,700

Equivalent unit(conversion costs) = 13,301

Explanation:

A. Computation for equivalent unit(material)

Particular                                                    Unit

Units transferred                                       9,400

Ending work in process 8,300(100%)      8,300

Equivalent unit(material)                         17,700

B. Computation for equivalent unit(conversion costs)

Particular                                                      Unit

Units transferred                                         9,400

Ending work in process 8,300(47%)          3,901

Equivalent unit(conversion costs)          13,301

repare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $25,000 based on the belief that it would increase that division's sales by 19%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented

Answers

Question Completion:

Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) $ 1,509,000 567,040 941,968 1,036,000 $ (94,040) In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Division Central $389,000 $600,000 $520,000 East West Sales Variable expenses as a percentage of sales Traceable fixed expenses 27% 36% $283,000 $336,000 $203,000

Prepare a contribution format income statement segmented by divisions Division Total Company East Central West

The Marketing Department has proposed increasing the West Division's monthly advertising by $25,000 based on the belief that it would increase that division's sales by 19%.

Answer:

Wingate Company

a. Contribution format income statement segmented by divisions

Division                            Total Company        East      Central        West

Sales                                   $ 1,509,000   $389,000  $600,000  $520,000

Variable expenses                   567,040      217,840      162,000      187,200

Contribution margin                 941,960     $171,160   $438,000   $332,800

Traceable fixed expenses      822,000  $283,000   $336,000  $203,000

Non-traceable fixed expense  214,000

Net operating income (loss) $ (94,040)   ($111,840)   $102,000  $129,800

b. If the marketing department's proposal is implemented, the net operating loss will decrease by $38,232, i.e from $94,040 to $55,808.

Explanation:

a) Data and Calculations:

Wingate's most recent monthly contribution format income statement:

Sales                                   $ 1,509,000

Variable expenses                   567,040

Contribution margin                 941,968

Fixed expenses                     1,036,000

Net operating income (loss) $ (94,040)

Additional information:

Division                                 Central       East          West

Sales                                   $389,000  $600,000  $520,000

Variable expenses as a

 percentage of sales                 56%           27%           36%

Traceable fixed expenses $283,000  $336,000 $203,000

Increase in Division West's fixed expenses by $25,000

Expected increase in Division West's sales = 19%

Contribution format income statement segmented by divisions

Division                            Total Company        East      Central        West

Sales                                   $ 1,509,000   $389,000  $600,000  $520,000

Variable expenses                   567,040      217,840      162,000      187,200

Contribution margin                 941,968     $171,160   $438,000   $332,800

Traceable fixed expenses      822,000  $283,000   $336,000  $203,000

Non-traceable fixed expense  214,000

Net operating income (loss) $ (94,040)   ($111,840)   $102,000  $129,800

Based on new proposal:

Contribution format income statement segmented by divisions

Division                            Total Company        East      Central        West

Sales                                   $ 1,607,800   $389,000  $600,000   $618,800

Variable expenses                  602,608      217,840      162,000    222,768

Contribution margin              1,005,192     $171,160   $438,000  $396,032

Traceable fixed expenses      847,000  $283,000   $336,000  $228,000

Non-traceable fixed expense  214,000

Net operating income (loss) $ (55,808)   ($111,840)   $102,000  $168,032

What is one advantage of starting to invest

Answers

One of the primary benefits of investing in the stock market is the chance to grow your money. Over time, the stock market tends to rise in value, though the prices of individual stocks rise and fall daily. Investments in stable companies that are able to grow tend to make profits for investors.

QUESTION 6 of 10: A factor that a retailer might consider when choosing a location is
ОООО
a) The availability of workers
b) Local zoning laws
c) Possibilities for expansion
d) All of the above
smit

Answers

Answer:

All of the above

Explanation:

Employee accessibility and affordability, state environmental and local zoning laws, development and  expanding possibilities, all this aspect really affects retailers when they would considering choosing a venue.

What will we never do in a world of scarcity? Group of answer choices Satisfy all basic human needs. Satisfy all basic human wants. Use all economic resources such that we satisfy the maximum amount of wants. Meet all of society’s wants.

Answers

Answer:

D: Meet all of society’s wants.

Explanation:

In a world of scarcity, what happens is that we will never be able to meet all of society's wants. This is due to the fact that wants is something that is insatiable that is it has no end.

cool hall inc. manufacutirng overhead for the year was estimated to be $702,540. if the predetermined overhead rate is based on direct labor hours, then the estimated direct labor hours if the predetermined overhead rate is based on direct labor-hours, than the estimated direct labor hours of the beginning of the year used tin the predetermined overhead rate must have been

Answers

Answer:

31,504 direct labor hour

Explanation:

The computation is shown below:

Manufacturing overhead applied is

= Actual Manufacturing overhead + Over-applied overhead

= $697,450 + $40,680

=  $738,130

Now

Manufacturing overhead applied is

= Predetermined overhead rate × Actual direct labor hour

$738,130 = Predetermined overhead rate × 33,100 direct labor hour

Predetermined overhead rate is

= $738,130 ÷ 33,100 direct labor hour

= $22.30 direct labor hour

Now  

Estimated direct labor hour = Estimated Manufacturing overhead ÷ Predetermined overhead rate

= $702,540 ÷ $22.30 direct labor hour

= 31,504 direct labor hour

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