subject
Business, 06.03.2020 23:56 adhitrfbvg

Carrie wants to go on her family reunion in four years. The cost of the cruise they are planning to take is $5,000. She has found an account with a 7% compounding interest rate, but she is unsure how much money to invest now so that she will have the money she needs in four years. How much should she invest now

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 16:30
Calculate the required rate of return for an asset that has a beta of 1.73, given a risk-free rate of 5.3% and a market return of 9.9%. b. if investors have become more risk-averse due to recent geopolitical events, and the market return rises to 12.7%, what is the required rate of return for the same asset?
Answers: 2
question
Business, 22.06.2019 00:00
Exercise 4-6 the following balances were taken from the books of alonzo corp. on december 31, 2017. interest revenue $86,000 accumulated depreciation—equipment $40,000 cash 51,000 accumulated depreciation—buildings 28,000 sales revenue 1,380,000 notes receivable 155,000 accounts receivable 150,000 selling expenses 194,000 prepaid insurance 20,000 accounts payable 170,000 sales returns and allowances 150,000 bonds payable 100,000 allowance for doubtful accounts 7,000 administrative and general expenses 97,000 sales discounts 45,000 accrued liabilities 32,000 land 100,000 interest expense 60,000 equipment 200,000 notes payable 100,000 buildings 140,000 loss from earthquake damage 150,000 cost of goods sold 621,000 common stock 500,000 retained earnings 21,000 assume the total effective tax rate on all items is 34%. prepare a multiple-step income statement; 100,000 shares of common stock were outstanding during the year. (round earnings per share to 2 decimal places, e.g. 1.48.)
Answers: 2
question
Business, 23.06.2019 16:30
During march, the business engaged in the following transactions: a. borrowed $45,000 from the bank and signed a note payable in the name of the business. b. paid cash of $40,000 to acquire land. c. performed service for a customer and received cash of $5,000. d. purchased supplies on account, $300. e. performed customer service and earned revenue on account, $2,600. f. paid $1,200 on account. g. paid the following cash expenses: salaries, $3,000; rent, $1,500; and interest, $400. h. received $3,100 on account. i. received a $200 utility bill that will be paid next week. j. paid cash dividends of $1,800. required: 1.) prepare journal entries for each transaction. enter journal entries by the transaction letter. 2.) prepare the trial balance of my motors, inc. at march 31, 20xx. 3.) prepare financial statements for my motors, inc. for the period ending march 31, 20xx. (income statement and balance sheet)
Answers: 1
question
Business, 23.06.2019 23:00
Using a ucf graduate's current year tax data below, what is the adjusted gross income: wages = $55,000 ordinary dividends = $1,000 interest on municipal bonds = $2,000 traditional ira contribution = $3,000 short term capital gain = $ 9,000 alimony paid = $20,000 $42,000 $80,000 $46,000 $88,000 $40,000
Answers: 2
You know the right answer?
Carrie wants to go on her family reunion in four years. The cost of the cruise they are planning to...
Questions
question
Mathematics, 09.02.2021 18:50
question
Mathematics, 09.02.2021 18:50
Questions on the website: 13722367