You borrow money from Fast Eddie’s Fast Cash at 20 percent per year interest and agree to pay $500 at the end of each of the next four years. You must have borrowed approximately:a. $2,000 b. $1,595c. $1,295d. $1,095

Answer:

The correct answer is letter "B": can be compensated under the doctrine of substantial performance.

Explanation:

Substantial performance is a concept in law by which and an individual who signed a contract can sue the counterparty because part of the contract was not fully respected but the incomplete portion is so minimal or irrelevant that it could not be considered as a breach of the contract.

Thus, the Kellman's can sue the cabin house builder for not constructing a full-length hall closet and could be compensated for that change.

Answer:

Total sum in the account= $5,438,822.55

Explanation:

Future Value of a single sum

The amount of $12,548 already in the account will earn interest for 37 years at the same rate of 15% compounded yearly. The amount this will accrue to is called the Future value of a lump sum. This can be worked as thus:

FV = PV × (1+r)^(n)

FV = 12,548 × (1.15)^(37)

= $12,548 × 176.124

= $2,210,011.85

Future Value of an annuity

The series of $3,382 to be invested per year to earn an interest of 12% per year for 12 years is called the annuity. The worth of this investment at the end of the 12th year is called the Future value of annuity. It can worked as out as follows:

FV = A ×((1+r)^n - 1)/r

= 3,382 ×( (1.15)^(12) - 1)/0.15)

= 3,382 × 29.0016

= $98,083.64

From the 12th year to 37th year is another 25 years. So the $98,083.64 would be treated as another lump sum invested. So we work out its future value as follows:

FV = 98,083.64 × (1.15)^(25)

= 98,083.64 × 32.9189

=$ 3,228,810.70

Total sum in the account at the end of the 37th year :

= $2,210,011.85 + $ 3,228,810.70

= $5,438,822.55

Complete Question:

Please identify the appropriate term for the following scenarios.

Ivan, a Russian fishermen, needs a permit so that he can participate in commercial ice fishing for yellow perch and legally sell the perch he catches.

Ivan's permit Garet is an undergraduate student who has to work at McDonald's part-time to help pay his tuition loans. Always looking on the bright side of things, he is thankful that he cannot make less than what he is earning, $ 7.25 /hour.

Garet's wage D'Artagnan, a poor French noblemen, discovers a large cache of truffles in his backyard. However, the government caps the sale of truffles a $100 a pound, which frustrates D'Artagnan as he knows they are worth more than that.

Answer:

1. Ivan, a Russian fishermen, needs a permit so that he can participate in commercial ice fishing for yellow perch and legally sell the perch he catches - LICENSE

2. Ivan's permit Garet is an undergraduate student who has to work at McDonald's part-time to help pay his tuition loans. Always looking on the bright side of things, he is thankful that he cannot make less than what he is earning, $ 7.25 /hour - PRICE FLOOR

3. Garet's wage D'Artagnan, a poor French noblemen, discovers a large cache of truffles in his backyard. However, the government caps the sale of truffles a $100 a pound, which frustrates D'Artagnan as he knows they are worth more than that - PRICE CEILING

The appropriate term for the scenarios is permits. Permits are legal documents that grant individuals or organizations the right to engage in certain activities, such as fishing, emitting pollution, or preserving salmon, in accordance with specific regulations and limits.

The appropriate term for the scenario described is permits. Permits are legal documents that grant individuals or organizations the right to engage in certain activities, such as fishing, emitting pollution, or preserving salmon, in accordance with specific regulations and limits. In the given examples, Ivan needs a permit for commercial ice fishing, a city sells permits to firms for pollution emission, and the federal government pays fishermen to preserve salmon. Permits are often used to regulate and manage various activities to ensure sustainability, resource conservation, and fair competition.

Answer:

Quantity demanded falls by 3.5 percent.

Explanation:

Given that,

Income elasticity of demand = +0.50

Price elasticity of demand = -0.15

Cross-price elasticity of demand = +0.35

price of services at St. Elsewhere falls by 10 percent

Therefore,

Cross price elasticity of demand = Percentage change in quantity demanded ÷ Percentage change in price

+0.35 = Percentage change in quantity demanded ÷ (-10%)

0.35 × (-10%) = Percentage change in quantity demanded

(-3.5%) = Percentage change in quantity demanded

Hence, the  quantity demanded falls by 3.5%.

Final answer:

Using the cross-price elasticity of demand, a 10 percent decrease in the price of services at St. Elsewhere leads to a 3.5 percent drop in the quantity demanded at Urban General.

Explanation:

The question involves understanding the impact of a change in the price of services at a nearby hospital (St. Elsewhere) on the demand for services at Urban General, utilizing the concept of cross-price elasticity of demand. Given that the cross-price elasticity of demand with respect to the price of services at St. Elsewhere is +0.35, and there's a 10 percent fall in the price of services at St. Elsewhere, we can calculate the effect on the quantity demanded at Urban General. Since cross-price elasticity of demand measures the percentage change in the quantity demanded of one good resulting from a 1 percentage change in the price of another good, a 10 percent decrease in the price at St. Elsewhere leads to a 3.5 percent (0.35 * -10) fall in the quantity demanded at Urban General. Therefore, the correct answer is: Quantity demanded falls by 3.5 percent.

Answer:

All of these

Explanation:

This is because a multinational company can cut costs of operation from one country to another.For example, for the same company setup, one in China and the other in America, the former will have a lower wage scale than the latter due to their varied economic policies.

Furthermore, there will also be less stringent regulation and lower taxes and tariffs in the former than the latter

Answer:

Explanation:

Ticket Scalpers are the ticket speculators who buy the tickets to a sport or performance event and resells them at higher prices. Lassiez-faire economists consider it to be a good thing. the correct value of the ticker is decided by the market but the Scalpers are flexible in pricing than the venue, they may also bear a loss while still guaranteeing the full value that venue gets. But the problem with the scalping is the at the value goes to the agents instead of the venue that is providing the product.

Economists often view ticket scalping as a way of increasing the efficiency of ticket distribution according to the principle of economic efficiency. However, this perspective doesn't consider factors like equity, and possible unwanted outcomes of markets.

Economists tend to view ticket scalping as a means of increasing the efficiency of ticket distribution. This perception is based on the workings of the demand and supply diagram, which underscores the principle of economic efficiency. This principle maintains that a situation is efficient if it is not possible to improve the circumstances of one individual or party without imposing a cost on another.

In that light, ticket scalping, which allows for the redistribution of tickets at different prices, could potentially lead to a more efficient distribution, where tickets end up with those consumers who value them most and are willing to pay for that value.

However, it's worth noting that this perspective does not take into account factors such as equity or fairness, nor does it account for situations where markets may produce unwanted outcomes, such as when they lead to severe income inequality.

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Answer:

The company's debt to equity ratio is 1.32

Explanation:

Wilson Company has following

Total Debt = Current liabilities + long-term liabilities

Total Debt = 100 + 150 = $250

Total Capital = Contributed capital + Retained earnings + Accumulated other comprehensive income

Total Capital = 120 + 50 + 20 = 190

Debt to equity Ratio = Total Debt / Shareholders Equity

Debt to equity Ratio = 250 / 190

Debt to equity Ratio = 25 / 19

Debt to equity Ratio = 1.32

Final answer:

The calculation of the debt to equity ratio for Wilson Company is 1.32, meaning that for every dollar of equity the company has $1.32 in debt.

Explanation:

The question asks to calculate the debt to equity ratio for Wilson Company based on the provided financial data. To compute the debt to equity ratio, we sum the company's current and long-term liabilities and then divide that sum by the total equity. In this case, the equity is the sum of contributed capital, retained earnings, and accumulated other comprehensive income.

The calculation would be as follows:
(Current Liabilities + Long-term Liabilities) / (Contributed Capital + Retained Earnings + Accumulated Other Comprehensive Income)
($100 + $150) / ($120 + $50 + $20) = $250 / $190 = 1.32 approximately.

Therefore, the debt to equity ratio for Wilson Company is 1.32. This means that for every dollar of equity, the company has $1.32 in debt.

Hope this helps. Enjoy! Explanation is provided.

Final answer:

A margin call would occur if the futures price decreases by 10 cents per pound. The trader is able to withdraw $2,000 from the account when the account balance exceeds the initial margin requirements by that amount.

Explanation:

A trader buys two July futures contracts on orange juice with each contract being for the delivery of 15,000 pounds. The current futures price is 160 cents per pound, with an initial margin of $6,000 and a maintenance margin of $4,500 per contract.

A margin call occurs when the account balance falls below the maintenance margin. Since the initial margin is $6,000 and the maintenance margin is $4,500, this represents a $1,500 cushion per contract for the price to move against the trader before a margin call is issued. So, for two contracts, the trader has a total cushion of $3,000 ($1,500 x 2). Therefore, to trigger a margin call, the total value of the contracts must decline by $3,000.

Since each contract is for 15,000 pounds, and there are two contracts, the total weight covered is 30,000 pounds. To find the price change per pound that would lead to a margin call, divide the total cushion by the total pounds: $3,000 cushion / 30,000 pounds = $0.10 per pound. Thus, a decrease of 10 cents per pound in the futures price would trigger a margin call.

$2,000 can be withdrawn from the account when the account balance exceeds the initial margin requirements by at least $2,000. This would happen if the futures price moves in favor of the trader, increasing the value of the positions.

Comprehensive income is determined by adding or subtracting income other comprehensive income to (from) net income.

Comprehensive income is a financial reporting concept that goes beyond traditional net income. It includes all changes in shareholders' equity during a specific period, except those resulting from investments by owners and distributions to owners. Comprehensive income encompasses both realized and unrealized gains and losses, such as changes in the fair value of investments or foreign currency translation adjustments.

This broader perspective provides stakeholders with a more comprehensive view of a company's financial performance and helps assess its overall economic well-being. It's particularly valuable for companies with significant exposure to market fluctuations, foreign operations, or complex financial instruments, as it captures a more holistic picture of their financial health.

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Comprehensive income is calculated by adding Other Comprehensive Income to Net Income. Other Comprehensive Income includes all unrealized gains and losses not included in net income. Therefore, it provides a broader view of a company's financial performance.

Comprehensive income is determined by adding

Other Comprehensive Income

(OCI) to

Net Income

, as per option d in your question.

Comprehensive Income helps to provide a bigger and more holistic picture of a company's financial performance. Unlike Net Income, Comprehensive Income includes all revenues, costs, gains, and losses that directly affect shareholders' equity. Other Comprehensive Income encapsulates unrealized gains and losses that are not included in net income, such as foreign currency translation gains or losses, pensions plan gains or losses, and unrealized gains or losses from hedging activities.

So, to calculate Comprehensive Income, you start with Net Income and then add or subtract Other Comprehensive Income. This can include both positive and negative amounts, depending on the company's activities during the accounting period under consideration.

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Answer:

There will be no effect on working capital upon write off as the entries required would be a credit to receivables and a debit to allowance account.

Explanation:

The allowance account is the account used to record receivables due that may not be collectible.

When a company has determined that a receivable may be uncollectible, the company credits the allowance for receivables account and debits bad debit expense. This reduces the accounts receivable balance in the balance sheet as the receivables to be reported will be net the allowance given. As such, where on December 31, 2020, Allowance account balance includes $3,076 for a past due account that is not likely to be collected.

There will be no effect on working capital upon write off as the entries required would be a credit to receivables and a debit to allowance account.

Answer:

1

Unitary elastic

Elasticity of demand is unitary elastic because the absolute value of elasticity is equal to 1.

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded / percentage change in price

Percentage change in quantity demanded = (25 - 15) / 25 = 0.4 × 100 = 40%

Percentage change in price = ($5 - $7) / $5 = 0.4 × 100 = 40%

Elasticity of demand = 40% / 40% = 1

If coefficient of elasticity is equal to 1, demand is unit elastic. It means that a change in price has an equal efect on the quantity demanded. Quantity demanded has an equal and proportional change to changes in price.

I hope my answer helps you

The price elasticity of demand is calculated to be 1, indicating unitary elasticity. This means a percentage change in price leads to an equal percentage change in quantity demanded, which implies widgets have a proportional responsiveness to price changes.

The price elasticity of demand for widgets can be calculated using the formula: PED = (% Change in Quantity Demanded) / (% Change in Price)

To determine the percentage change in quantity demanded, subtract the new quantity (15 widgets) from the original quantity (25 widgets), divide by the original quantity, and multiply by 100. The calculation is: [(15 - 25) / 25] * 100 = -40%

The percentage change in price is calculated as: [(7 - 5) / 5] * 100 = 40%

Substituting these values into the formula gives: PED = (-40%) / (40%) = -1. Because we usually report price elasticity of demand as absolute values, we interpret it as 1 in absolute value terms.

Since the price elasticity of demand is 1, it indicates a unitary elasticity. This implies that a 1% change in price induces a proportionate 1% change in quantity demanded. So, as price increased, customers decreased their purchase of widgets proportionately.

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Answer:

The company will report $115,000

Explanation:

Giving the following information:

Sales revenue= 350,000

Cost of goods sold= (150,000)

Gross profit= 200,000

Operating expenses= (110,000)

Net operating income= 90,000

Foreign currency translation gain= 25,000

Net income= 115,000

The company will report $115,000

Answer:

$ 2,209,797.96

Explanation:

Given:

Salary = $100,000

Salary investment rate = 13%

Salary increase rate(g) = 5%

number of year = 25

Annual rate of return(i) = 11%

Calculation:

Salary invested = $100,000*13% = $13,000

calculation of present worth

[tex]P=A[\frac{1-(1+g)^n(1+i)^{-n}}{i-g}] \\P=13000[\frac{1-(1+0.05)^{25}(1+0.11)^{-25}}{0.11-0.05}] \\P=13000[\frac{1-(1.05)^{25}(1.11)^{-25}}{0.06}] \\P=13000[\frac{1-(3.386354)(0.073608086)}{0.06}]\\\\P=13000[\frac{1-0.249263}{0.06}]\\\\ P=13000[12.5122827]\\\\\\P= 162,659.675[/tex]

[tex]Future worth = P(1+i)^n\\ = 162,659.675(1+0.11)^{25}\\ = 2,209,797.96[/tex]

Answer:

$5 million

Explanation:

Trina'sTrikes, Inc. reported following figures:

Debt Equity Ratio = 2

Total Debt = 10 million

Formula for Debt Equity ratio is as follows:

Debt Equity Ratio = Total Debt / Total Equity

2 = $10 million /  Total Equity

Total Equity = $10 million / 2

Total Equity = $5 million

So the correct option is $5 million

Answer:

91.45%

Explanation:

The percentage of the adjusted price compared to the original selling price is determined by dividing the adjusted price by the original price. Since the original price was $345,000 and the adjusted price is $315,500:

[tex]P=\frac{315,500}{345,000}=0.9145 =91.45\%[/tex]

The adjusted price is 91.45% of the original selling price

Audience analysis is pivotal in selecting the appropriate organisational strategy for a business message, be it direct or indirect. Understanding the audience's preferences, needs, and expectations guides this choice.

A direct strategy suits audiences with limited time, already familiar with the subject, where the main point is stated upfront. Conversely, an indirect strategy, building up to the main point, suits unfamiliar or skeptical audiences.

The wrong strategy can lead to disengagement or confusion. Audience analysis ensures alignment between strategy and audience, optimizing comprehension, engagement, and persuasion, fostering effective communication and desired outcomes in the business message.

Learn more about audience analysis here:

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Answer:

. Inelastic demand, inelastic supply. 

Explanation:

If demand is inelastic, a small change in price has little or no effect on the quantity demanded.

If supply is inelastic, a small change in price has little or no effect on the quantity supplied.

Government tax increases the cost of a good. If tax is levied on a good and both demand and supply are inelastic, government revenue would increase and be the highest when compared to the other options.

Demand is elastic when a change in price has a greater effect on the quantity demanded.

Supply is elastic if a small change in price has a greater effect on the quantity supplied.

If demand or supply is elastic and government imooses tax, revenue would fall as quantity demanded would fall.

I hope my answer helps you

For the highest government revenues, the scenario featuring inelastic demand and inelastic supply is optimal. This is due to consumers and producers being less responsive to price changes, consequently maintaining quantities of goods bought and sold, leading to more revenue.

Given the scenarios outlined in the question, government revenues will be the highest in the situation with inelastic demand and inelastic supply (option b). The term 'elasticity' refers to how sensitive the quantity demanded or supplied is to changes in price. When demand is inelastic, consumers are less responsive to price changes, so a tax that raises the price will result in smaller decreases in quantities bought. Similarly, when supply is inelastic, producers cannot rapidly change their production quantities in response to price changes, so a tax that raises the price will not result in large decreases in quantities supplied. The combination of inelastic demand and inelastic supply means that a tax increase will cause small decreases in quantities bought and sold, thus resulting in higher government revenues.

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Answer:

The correct answer is letter "B": a leftward shift of the demand curve because of the high price.

Explanation:

The equilibrium price represents the point at which buyers' demand and sellers supply face each other because both parties' needs are satisfied. If the price of a given product is higher than the equilibrium level, the quantity demanded is likely to decrease which directly implies a leftward move in the demand curve.

Answer:

Part 1              Penny Henderson  

                    Income Statement  

For the year ended December 31, 2013  

 Sales                                                   $53,000

 Less: Cost of goods sold  

 Beginning Inventory               12,700

Add: Purchases                37,000                    

Total Goods available for sale    49,700                      

Less: Inventory, end          9,600                    

Cost of goods sold                        $40,100

 Gross profit                                         $12,900

Less: Operating expenses  

 Utilities expense                 1,400

Rent expense                4,600

 Sales commission        4 ,900                    

Total operating expense                       $10,900

 Net Income                                           $2,000

Part 2

1.  $77,350

2.                         Floral Manufacturing  

                           Income Statement  

            For the year ended December 31, 2014  

Sales                                           $109,000

Less: Cost of goods sold    

Raw materials, beginning       11,000

Add:Purchases               34,000              

Raw materials available      45,000

Less: Raw material, end        6,500              

Cost of raw material used      38,500

Add: Direct labor               20,000              

Prime Cost                       58,500

Add: Factory overhead      22,350              

Manufacturing cost      80,850

Add: Work in process, beginning      -

Less: Work in process, Ending  3,500                

Cost of Goods Manufactured   77,350

Add: Finished goods, beginning         -

Cost of goods available for sale 77,350

Less: Finished goods, ending  4,000              

Cost of goods sold                       73,350

Gross profit                                    $35,650

Less: Operating expenses  

Customer service hotline                 1,700

Net Income                                    $33,950

3. The difference between the 2013 and 2014 income statement is the composition of their cost of goods sold. In 2013, there is no cost of goods manufactured, raw materials and work in process account like 2014.

Part 3

1. Ending inventory of $9,600

2. Ending inventory of $14,000

Explanation:

Part 2

1.                        Floral Manufacturing

       Statement of Cost of Goods Manufactured

          For the year ended December 31, 2014

Raw materials, beginning       11,000

Add:Purchases               34,000              

Raw materials available      45,000

Less: Raw material, end        6,500              

Cost of raw material used      38,500

Add: Direct labor               20,000              

Prime Cost                       58,500

Add: Factory overhead      22,350              

Manufacturing cost      80,850

Add: Work in process, beginning      -

Less: Work in process, Ending  3,500                

Cost of Goods Manufactured   77,350

3. The difference in the 2013 and 2014 preparation came from the balances of working in process and raw materials in the 2014 production wherein 2013 on the hand don't have it.

Part 3.

1. 2013 ending inventory consists of the goods not yet sold at the end of the year.

2. 2014 ending inventory consists of raw materials ending balance of $6,500 plus the work in process ending balance of $3,500 and the finished goods ending balance of $4,000.

Answer:C

Explanation:

A lexicon in text analysis is a catalog of words, their synonyms, and their meanings. It serves as a tool for understanding and analyzing language, identifying semantics and context of words used in a text.

In text analysis, a lexicon is essentially a catalog of words, their synonyms, and their meanings. Think of it as a type of language database where each word is linked with its meaning or definitions and possibly its synonyms, antonyms, and other related words. A lexicon serves as a tool for understanding and analyzing language in a text. It helps to identify the semantics and context of words used in the text.

For example, a lexicon for English language literature would contain an extensive list of words used in English literature along with detailed information about each word's usage, meanings, and related words.

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Answer:

b. No journal entry is required

Explanation:

Given that

Estimated percentage of losing = 40%

Estimated amount = $800,000

By considering the above information, we concluded that

As in the case of the litigation, there is no journal entry is recorded as the possibility of the event is not certain with respect to the entity's economic resources.

Therefore in the given case, the correct option is b.

Answer:

Rightward Shift in

Explanation:

Price of inputs is one of the factors affecting the supply.

When price of inputs decrease, the production of that good increases as a consequence, thereby increasing the supply, despite price of the good remaining same.

A shift in a supply curve occurs when factors other than price change. For instance, tastes and preferences, price of complementary goods, income of the consumer, price of inputs, etc.

In the given case, price of metal relates to a factor other than price i.e price of an input. When price of input reduces, it results into a rightward shift in the supply curve. Also referred to as an "increase in supply".

Answer:

The correct answer is $240,000.

Explanation:

According to the scenario, given data are as follows:

Beginning inventory at cost = $70,000

Beginning inventory at retail = $100,000

Net purchases at cost = $270,000

Net purchases at retail = $360,000

Total sales = $320,000

According to the LIFO method.

Particulars                        Cost                       Retail              Cost/Retail Ratio

Beginning inventory             $70,000                $100,000                     70%

Net purchases                      $270,000              $360,000                     75%

Total Inventory                     $340,000             $460,000

Total sales                                                       $320,000

Ending inventory ( Estimated )

($360,000-$320,000)× 75%  $30,000

$70,000 × 70%                      $70,000

Ending inventory at cost         $100,000

Estimated cost of goods sold   $240,000.

Hence the correct answer is $240,000.

Answer:

-3.28

Explanation:

The question is to calculate Blake's income elasticity of demand for generic potato chips

The formula for this is as follows

[tex]\frac{Q2-Q1}{Q2+Q1/2}[/tex] ÷ [tex]\frac{M2-M1}{M2+M1}/2[/tex]

For this equation; Q2 will be the final demand while Q1 represents the initial demand. Also , M2 represents the final outcome and M1 is the initial income

First, since Blake decides to stop generic chips completely, it means his demand for generic chips has reduced. The demand function therefore becomes:

Q2-Q1= 0-2=-2

Also, since his income has increased for $8 to $15 which is $7 (M2-M1) increase, the following can be said

His average demand of chips = Q2-Q1/2= 0+2/2=1

His average income, M2-M1/2  8+15/2= $11.5

The Income elasticity of demand for Blake

= -2/1 ÷ 7/11.5

= -3.28

Answer:

d. there is a technological improvement.

Explanation:

a) replacing production of one good in favor of another will be a move across the PPF

b) abandon inefficient production will bring the production to the PPF from a place below it.

c) has no relationship it will simply put inflationary pressure.

d) the technological improvement will make a better use of the factor thus, increasing productivity and making possible more production with the same amount of materials.

The Production Possibility Frontier (PPF) can shift outward in the event of improvements in efficiency of production methods or technological advancements. An increase in money in the economy or shifting resources between products do not directly shift the PPF.

The Production Possibility Frontier (PPF) is a graphical representation showing the combination of two goods that can be produced using available resources and technology efficiently. The PPF can shift outwards due to certain factors. Among the options given:

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The order of current assets based on liquidity, starting from the most liquid, is Cash, Accounts Receivable, Supplies, Prepaid Insurance, and short-term Debt Investments.

In this context, the order of liquidity is the sequence in which assets would be converted into cash. This implies that cash, being the most liquid asset, would be listed first followed by Accounts Receivable, then Supplies, Prepaid Insurance and finally short-term Debt Investments.

Current Assets

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Answer:

The amount of money that is in the account three years from now is $8,142.

Explanation:

Future Value of $1200

FV = PV (1 + r )n

     = 1200*(1 + 12%)^3

     = $1685.91

Future Value of $2200

FV = PV (1 + r )n

     = 2200*(1 + 12%)^2

     = $2759.68

Future Value of $3300

FV = PV (1 + r )n

     = 3300*(1 + 12%)^1

     = $3696.00

Total Future Value = $1685.91 + $2759.68 + $3696.00

                               = $8142

Therefore, The amount of money that is in the account three years from now is $8,142.

By accumulating each cash flow separately over its respective period at a 12% interest rate and summing the future values, we determine that approximately $8,148.06 will be in the account three years from now.

To calculate the future value of cash flows deposited in a bank account earning 12% interest, we need to accumulate each cash flow to the end of the three-year period. The cash flow received today, $1,200, earns interest for three years. The cash flow received in one year, $2,200, earns interest for two years. Finally, the cash flow received in two years, $3,300, earns interest for one year.

The future value (FV) is found using the formula FV = PV(1 + r)ⁿ, where PV is the present value, r is the interest rate per period, and n is the number of periods. Following this formula, the future values of the cash flows are:

$1,200  imes (1 + 0.12)³

$2,200  imes (1 + 0.12)²

$3,300  imes (1 + 0.12)¹

Summing these future values will give us the total amount in the account three years from now:

$1,200  × (1.12)³
= $1,689.18 (approx.)

$2,200  × (1.12)²
= $2,762.88 (approx.)

$3,300  × (1.12)¹
= $3,696.00 (approx.)

Adding these figures gives us:
$1,689.18 + $2,762.88 + $3,696.00
= $8,148.06 (approx.)

Therefore, three years from now, there will be approximately $8,148.06 in the account.

Answer:

no tax this year

Explanation:

given data

Shane loses =  $6,800  

income tax rate = 40%    

to find out

how much income tax pay this year

solution

we know that here Shane business as SNB, Inc started slower than expected

and we notice he have loss of $6,800

so that it will pay no tax this year because his business generate a loss

so it is probably can be carry forward loss to future year to offset income

so no tax this year

Answer:

a. 4.89%

b. 5.23%

Explanation:

We use the rate formula which is shown in the attached spreadsheet

Given that,  

Present value = $2,000 × 108.96% = $2,179.20

Future value or Face value = $2,000  

PMT = $2,000 × 5.7% ÷ 2 = $57

NPER = 16 years × 2 = 32 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after solving this,  

a. The yield to maturity of the bond is 4.89%

b. The current yield would be

= 57 × 2 ÷ $2,179.20

= 5.23%

a) When The yield to maturity of the bond is= 4.89%

b) After that The current yield is = 5.23%

Now We are using the rate formula are:

Given that as per question:

Now The Present value is = $2,000 × 108.96% = $2,179.20

Then The Future value or Face value is = $2,000  

Then PMT is = $2,000 × 5.7% ÷ 2 = $57

Now NPER is = 16 years × 2 = 32 years

Then The formula is shown below:  

That is, = Rate(NPER;PMT;-PV;FV;type)  

Then The present value come in negative  

a. Hence, The yield to maturity of the bond is 4.89%

b. Thus, The current yield would be

= 57 × 2 ÷ $2,179.20

= 5.23%

Find more information about Maturity of the bond here:

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