If you earn 10% per year on your bank account, how long will it take an account with $105 to double to $210? Do not round intermediate celculations. Round your answer to 2 decimal places.) Number of years _________.

Answers

Answer 1

Answer:

n= 7.27 years

Explanation:

Giving the following information:

Interest rate= 10%

Future value (FV)= $210

Present value (PV)= $105

To calculate the number of years to double the investment, we need to use the following formula:

n= ln(FV/PV) / ln(1+i)  

n= ln(210/105) / ln(1.1)

n= 7.27 years


Related Questions

At the end of 2021, Windsor Co. has accounts receivable of $749,900 and an allowance for doubtful accounts of $23,580. On January 24, 2022, it is learned that the company’s receivable from Madonna Inc. is not collectible and therefore management authorizes a write-off of $4,564.


(a)


Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually.)

Answers

Answer:

DR Allowance for Doubtful Debt                                  $4,564

      CR Accounts Receivable                                                          $4,564

Using the Allowance method means that an allowance has already been provided from which uncollectible accounts will be deducted from.

When an amount is uncollectible therefore, it will be debited to the Allowance account to reduce it. Accounts receivable will be credited to recognise that a receivable is now uncollectible.

A firm is productively efficient when:__________.
A) it is producing its product or service at the lowest unit cost that it can
B) it is selling at the lowest price possible
C) it has the highest labor productivity that it can
D) it is making what its customers want

Answers

Answer:

Its is A

Explanation:

You are an entrepreneur in the cyber security industry seeking to develop alliances in India. India has diverse regions with many different peoples, traditions, and levels of economic development. Which two regions of India may be most conducive to developing your entrepreneurial alliances? Why?

Please limit the length of responses to two paragraphs.

Answers

Answer:

Two places to conduct cyber business in India :

1. Bangalore, Karnataka

Bangalore karnataka is the also called the cyber hub of Asia. Due to the continuous work by the Karnantaka government this place has become the prime destination for cyber industries.

2. Gurugram, Haryana

After the division of hyderabad, the second best place to implement the cyber hub is gurugram due to its high availability of labor force and workplaces.

The two regions of India that may be most conducive to developing your entrepreneurial alliances will be Bengaluru and Delhi.

It should be noted that cyber security simply means the practice of defending computers, mobile devices, severs, networks, data, etc from unauthorized use.

Based on the information given, the two regions of India that may be most conducive to developing your entrepreneurial alliances will be Bengaluru and Delhi. The reason for choosing these countries is because they're the major IT hubs in the country.

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Which financial statement would include a listing of a companies assets

Answers

Answer:

Balance Sheet

Explanation:

In accounting, Balance sheet will show a complete listing of  assets, liabilities and  Equity of a company within a specific time period. (For most companies, the balance sheet will be made at each end of the year)

under the Assets segment, Balance sheet will specify several accounts arranged based on their liquidity. Cash usually put at the top of the list since it's considered as the most liquid assets.

People use balance sheet to give a general measurement on Company's financial health. If for example, they noticed that the liability is significantly larger than their assets, investors might feel discourage to invest in the company.

10,000 can be invested under two options: Option 1. Deposit the 10,000 into a fund earning an effective annual rate of i; or Option 2. Purchase an annuity-immediate with 24 level annual payments at an effective annual rate of 10%. The payments are deposited into a fund earning an effective annual rate of 5%. Both options produce the same accumulated value at the end of 24 years. Calculate i.

Answers

Answer:

I = 0.06894

Explanation:

The investment amount into 2 options is given as 10000

10000x(1+I)²⁴ is the accumulated value of option a

10000x0.10/(1-i)/1.1²⁴/0.05x1.05^24-1

= 49530.62522

To get I

(49530.62522/10000)^1/24-1

= 1.068995077 - 1

= 0.06894

What is the value today of receiving $5,000 at the end of six years, assuming an interest rate of 8% compounded semiannually?

Answers

Answer:

$3,122.96

Explanation:

Future value = 5000

i = 8%

n = 6

m = 2

Present Value = FV(1+i/m)^mn

Present Value = 5,000(1+0.08/2)^-2*6

Present Value = 5,000(1.04)^-12

Present Value = 5,000 / (1.04)^12

Present Value = 5,000 / 1.6010322

Present Value = 3122.985284118583

Present Value = $3,122.96

The Barrett Company had sales of $19,800, total costs of $10,900, depreciation expense of $2,100, interest expense of $1,250. Their tax rate is 40%. The firm's operating cash flow is:______.
a. $7,650.
b. $8,900.
c. $6,680.
d. $3,330.
e. $5,430.

Answers

Answer:

d $3,330

Explanation:

The firm's operating cash flow is computed as;

Sales - Costs - Depreciation expense = EBIT

EBIT = $19,800 - $10,900 - $2,100

= $6,800

EBT = EBIT - Interest expense

EBT = $6,800 - $1,250

EBT = $5,550

Firm's tax rate = 40% × $5,550= $2,220

Operating cash flow = $5,550 - $2,220

Operating cash flow = $3,330

During an interview, _______________questions require you to use your own experiences and attributes to craft answers and often deal with soft-skill areas such as teamwork, communication, leadership, conflict resolution, problem solving, mistakes, and job commitment.

Answers

Answer:

Behavioral questions

Explanation:

The answer to this question is behavioral questions. Also known as Behavioral interviewing, the focus of this kind or stage of interview is to know the experience of the candidate that is being interviewed. Speaking of experiences certain informations are required here, like;

Asking the candidate to tell how they have shown certain behaviors, abilities, skills and also knowledge. And also to answer questions on basic workplace scenarios concerning areas such as conflict resolution, leadership, mistakes, job commitment, e.t.c

The formula for accounts receivable turnover is computed as _____ divided by average accounts receivable, net.

Answers

Answer:

revenue

Explanation:

Accounts receivable turnover is an example of activity ratios. It measures the efficiency by which accounts receivable are collected.

can someone plz tell me the percentages

Answers

Does it matter what state ?

Answer:

1) 7.75%

2) 1.45%

3) 6.20%

4) 3.65%

Explanation:

They are listed

A 2-year maturity bond with face value of $1,000 makes annual coupon payments of $80 and is selling at face value. What will be the rate of return on the bond if its yield to maturity at the end of the year is?

Answers

Answer:

Rate of return = 9.887%

Explanation:

What will be the rate of return on the bond if its yield to maturity at the end of the year is 6%

New price of the bond = Present value of the final coupon payment + Present value of the maturity amount

New price of the bond = $80 / (1+r) +$1,000 / (1+r)

New price of the bond = $80 / (1+0.06) +$1,000 / (1+.06)

New price of the bond = $80 / (1.06) +$1,000 / (1.06)

New price of the bond = $1,080 / 1.06

New price of the bond = $1,018.87

Rate of return = Coupon + New price - Old price / Initial price

Rate of return = $80 + $1,018.87 - $1,000 / $1,000

Rate of return = $98.87 / $1,000

Rate of return = 0.09887

Rate of return = 9.887%

Macroeconomic is the branch of economics that focuses on ?

Answers

Answer:

economic principles affecting entire countries

Explanation:

Watters Umbrella Corp. issued 15-year binds two years ago at a coupon rate of 6.2 percent. The bonds make semiannual payments. If these bonds currently sell for 98 percent of par value, what is the YTM?

Answers

Answer:

YTM = 6.42%

Explanation:

current market value = $1,000 x 98% = $980

n = (15 - 2) x 2 = 26

coupon = $1,000 x 6.2% x 1/2 = $31

face value = $1,000

YTM = [coupon + [(face value - market value)/n]} / [(face value + market value)/2]

YTM = [31 + [(1,000 - 980)/26]} / [(1,000 + 980)/2]

YTM = (31 + 0.77) / 990 = 31.77 / 990 = 0.03209 x 2 (annual yield) = 0.641818 = 6.42%

Dominic is an architect and wants to represent a pocket door in the plan. Which symbol should he use?

Answers

Answer:

The answer is C.

a. Find the duration of a 6% coupon bond making annual coupon payments if it has three years until maturity and has a yield to maturity of 6%. Note: The face value of the bond is $1,000. (Do not round intermediate calculations. Round your answers to 3 decimal places.) b. What is the duration if the yield to maturity is 10%

Answers

Answer:

A) the formula to calculate modified duration of bonds:

modified duration = [1 - (1 + y)⁻ⁿ] / y

modified duration = [1 - (1 + 6%)⁻³] / 6%  = 2.673 years

if you want to determine the Macaulay duration = modified duration x (1 + yield) = 2.673 years x 1.06 = 2.833 years

B)   modified duration = [1 - (1 + 10%)⁻³] / 10%  = 2.487 years

if you want to determine the Macaulay duration = modified duration x (1 + yield) = 2.487 years x 1.1 = 2.736 years

a. The duration should be 2.833 years.

b. The duration should be 2.736 years.

The calculation is as follows:

Modified duration = [1 - (1 + y)⁻ⁿ] ÷ y

= [1 - (1 + 6%)⁻³] ÷ 6%  

= 2.673 years

 Macaulay duration = modified duration × (1 + yield)

= 2.673 years × 1.06

= 2.833 years

B)   modified duration = [1 - (1 + 10%)⁻³] ÷ 10%  

= 2.487 years  

Macaulay duration = modified duration × (1 + yield)

= 2.487 years × 1.1

= 2.736 years

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Without prejudice to your solution to part (a), assume that you computed the June 30, 2020, inventory to be $60,480 at retail and the ratio of cost to retail to be 68%. The general price level has increased from 100 at January 1, 2020, to 108 at June 30, 2020. Compute the June 30, 2020, inventory at the June 30 price level under the dollar-value LIFO retail method.

Answers

Answer:

The June 30, 2020, inventory at the June 30 price level under the dollar-value LIFO retail method:

$65,318.40

Explanation:

a) Data and Calculations:

June 30, 2020 Inventory = $60,480 at retail

Ratio of cost to retail = 68%

Inventory at cost = $41,126.40 ($60,480 * 68%)

General price level increase from 100 to 108

Inventory at the June 30 price level under the dollar-value LIFO retail method:

Inventory at cost = $44,416.50 ($41,126.40 * 108/100)

Inventory at retail = $65,318.40 (44,416.50/68%)

____ is a referral service that employees can use to seek professional treatment for emotional problems or substance abuse.

Answers

Answer:

Employee assistant programs

Explanation:

An employee assistant prgram is a program organized by organizations to assist their employees' personal problems which are hindering their performance in work-place.

EAP's tend to assist those employees that suffer from alcohol abuse, emotional abuse, substance abuse, etc. EAP's is a short-term counselling or follow-up sessions provided  to employees facing above-mentioned abuses.

Therefore, the correct answer is employee assistant programs.

Ms. Smith employs 50 salespeople to sell copiers. If she wants information on the typical number of copiers sold by a salesperson, which Data Analysis tool should she use

Answers

Answer:

Descriptive statistics

Explanation:

If Ms smith wants information on the typical number of copiers sold by a salesperson she has to use descriptive statistics.

Descriptive statistics is used to describe data. It gives basic summary of the sample and also measures. It entails the usage and analysis of the collected data. Therefore descriptive statistics is the data analysis tool that she would need.

A “new product" can be new to the world, to the market, to the producer or seller, or some combination of these.

True or False​

Answers

The answer would be true

Dufner Co. issued 14-year bonds one year ago at a coupon rate of 7.9 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.6 percent, what is the current dollar price assuming a par value of $1,000

Answers

Answer:

Bond price= $1,210.4

Explanation:

Giving the following information:

Coupon rate= 0.079/2= 0.0395

YTM= 0.056/2= 0.028

Face value= $1,000

n= 13*2= 26

To calculate the price of the bond, we need to use the following formula:

Bond Price​= cupon*{[1 - (1+i)^-n] / i} + [face value/(1+i)^n]

Bond price= 39.5*{[1 - (1.028^-26)]/0.028} + [1,000 / 1.028^26]

Bond price= 722.67 + 487.73

Bond price= $1,210.4

This year Amy purchased $2,000 of equipment for use in her business.However, the machine was damaged in a traffic accident while Amy was transporting the equipment to her business.Note that because Amy did not place the equipment into service during the year, she does not claim any depreciation expense for the equipment.
a. After the accident, Amy had the choice of repairing the equipment for $1,800 or selling the equipment to a junk shop for $300.Amy sold the equipment.What amount can Amy deduct for the loss of the equipment?
b. After the accident, Amy repaired the equipment for $800.What amount can Amy deduct for the loss of the equipment?
c. After the accident, Amy could not replace the equipment so she had the equipment repaired for $2,300.What amount can Amy deduct for the loss of the equipment?

Answers

Answer:

a. After the accident, Amy had the choice of repairing the equipment for $1,800 or selling the equipment to a junk shop for $300.Amy sold the equipment.What amount can Amy deduct for the loss of the equipment?

Amy can deduct $2,000 - $300 = $1,700 as casualty loss. Casualty losses occur due to unexpected and sudden events that damage or destroy assets.

b. After the accident, Amy repaired the equipment for $800.What amount can Amy deduct for the loss of the equipment?

Amy can deduct $1,800 as casualty loss. She can deduct the lesser between the asset cost and the cost or repairing it.

c. After the accident, Amy could not replace the equipment so she had the equipment repaired for $2,300.What amount can Amy deduct for the loss of the equipment?

Amy can deduct $2,000 as casualty loss. She can deduct the lesser between the asset cost and the cost or repairing it.

How does a business identify how much profit was made on a job?

Answers

Answer:

Making a profit is one of the most important objectives of a business. You can calculate your business profit by subtracting your total expenses from your total revenue. To identify what the revenues and expenses are, start by choosing the time period you want to study.

Explanation:

Hope this helps u

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A trading arrangement that eliminates most or all barriers to trade among participating nations and utilizes common barriers to trade with other countries outside the group is called a

Answers

Answer:

preferential trade agreement

Explanation:

This agreement is known as a preferential trade agreement. It is called this because it tends to make it easier for specific goods to be traded but only to the countries that are part of the group and/or agreement. This agreement also makes it harder for countries that are not part of the agreement to be able to trade with the countries that are in order to maintain the countries within the agreement trading with each other.

A firm operated at 90% of capacity for the past year, during which fixed costs were $420,000, variable costs were 40% of sales, and sales were $1,000,000. Operating income was:____________.
a. $420,000
b. $980,000
c. $180,000
d. $1,080,000

Answers

Answer:

A

Explanation:

Based on the fixed and variable costs, as well as the sales amount, the operating income was C. $180,000.

What was the operating income?

This can be found as:

= Sales - Variable costs - Foxed costs

Solving gives:

= 1,000,000 - (40% x 1,000,000) -420,000

= 1,000,000 - 400,000 - 420,000

= $180,000

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Cosplay Unlimited sells 1,140 outfits per year at an average price of $143. The terms of the sale are 1/15, net 40. The discount is taken by 71 percent of customers. What is the company's accounts receivable balance?

a. $19,651.73
b. $17,865.21
c. $9,937.52
d. $8,632.13
e. $7,326.74

Answers

Answer: c. $9,937.52

Explanation:

The Accounts receivable balance can be calculated by;

= Outfits per years * Average Price * (Collection period/365)

Collection period;

71% take the discount which means that they pay in 15 days while the rest pay in 40.

= (71% * 15) + (29% * 40)

= 22.25 days

Accounts Receivable balance = 1,140 * 143 * (22.25/365)

= $9,937.52

Suppose that 2 years after the issue date (as in Part a) interest rates fell to 8%. Suppose further that the interest rate remained at 8% for the next 8 years. What would happen to the price of the bonds over time

Answers

Answer:

the first part of the question is missing, so I looked fro a similar one:

Suppose Hillard Manufacturing sold an issue of bonds with a 10-year maturity, a $1,000 par value, a 10% coupon rate, and semiannual interest payments.

the market price of the bond after 2 years:

PV of face value = $1,000 / (1 + 4%)¹⁶ = $533.91

PV of coupon payment = $50 x 11.652 (PV annuity factor, 4%, 16 periods) = $582.60

market price = $1,116.51

the market price of the bond after 5 years:

PV of face value = $1,000 / (1 + 4%)⁶ = $790.31

PV of coupon payment = $50 x 5.2421 (PV annuity factor, 4%, 6 periods) = $262.11

market price = $1,052.42

the market price of the bond after 7 years:

PV of face value = $1,000 / (1 + 4%)² = $924.56

PV of coupon payment = $50 x 1.8861 (PV annuity factor, 4%, 2 periods) = $94.31

market price = $1,018.87

Hoffman Company purchased merchandise on account from a supplier for $65,000, terms 1/10, n/30. Hoffman Company returned $7,500 of the merchandise and received full credit.
a. If Hoffman Company pays the invoice within the discount period, what is the amount of cash required for the payment?
b. What account is debited by Hoffman Company to record the return?

Answers

Answer: a. $56925 ; b. Account payable

Explanation:

a. If Hoffman Company pays the invoice within the discount period, what is the amount of cash required for the payment?

Purchase invoice = $65000

Less: Return = ($7500)

Net Purchase Invoice = $57500

Less: Discount = $57500 × 1% = $575

Cash received = $56925

b. What account is debited by Hoffman Company to record the return?

The account that is debited by Hoffman Company to record the return is the account payable.

A competitive market is one in which:

a. few large sellers compete for a majority of the market share.
b. individual sellers and buyers have a lot of influence over market price.
c. government oversees its operation.
d. fully informed price-taking buyers and sellers easily trade a standardized good.

Answers

Answer:

d. fully informed price-taking buyers and sellers easily trade a standardized good.

Explanation:

A competitive market is a market where there is a large number of buyers and sellers that sell and purchased homogenous products. The sellers are to be considered as price takers also they cannot influence the price of the market. Plus, the demand for the perfect competition is perfectly elastic

Therefore the correct option is D.

A user access agreement typically is __________ than the list of employee expected behaviors within an organization.

Answers

Answer:

Narrower

Explanation:

To make sure that all employees that work in an organization know all their responsibilities, that is ethical and legal. They are required to review and to also accept the terms that has been stated in the user access agreement form.

So for this question, the user access agreement is narrower than the list of employees expected behavior in an organization.

Under the ABC costing method,

a. departments are identified as activities.
b. activity rates are calculated by dividing the budgeted activity cost by the total activity-base usage.
c. the budgetary activity costs are assigned to products using factory overhead rates for each activity.
d. All of these choices are correct.

Answers

Answer:

d. All of these choices are correct.

Explanation:

Activity Based Costing system is the cost attribution to cost units (products) on the basis of benefits received from indirect activities, that is overheads that can not be allocated to a particular product or process.

So the process involves identifying activities driving the overheads. Determining the activity rates and assigning the costs using activity rate.

So, all the options given are applicable.

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