User Account

All Pages

Find amount that he still needs for lobola

Assignment Help Accounting Basics
Reference no: EM132757525

Question: Peter wants to get married and estimates that he will need R 45000 for lobola money 16 months' from now. He starts to save immediately by depositing R2 200 every month for 16 months into an account earning 15,4% interest per year, compounded monthly. The amount that he still needs for lobola in 16 months' time is?

Reference no: EM132757525

Questions Cloud

Find the center vertex of the graph : Design an algorithm to find the center vertex of the graph, that has the minimum maximum distance to all the vertices. [A vertex is called the center
What is the practical size limit of an application : What is the practical size limit of an application based on Angular that does not have the benefit of Node.js sitting behind it?
What is the yield to maturity on the bonds : You are considering the purchase of a companies bonds that were issued 10 years ago. when the bonds were originally sold, they had a 27 year maturity.
What the simple interest rate applicable is : Phuthi invests R25 000 into an account on 7th February. It will have accumulated to R25 570,08 on 10 November of the same year. The simple interest rate.
Find amount that he still needs for lobola : Peter wants to get married and estimates that he will need R 45000 for lobola money 16 months' from now. He starts to save immediately by depositing R2200.
What is the dollar flotation cost of the proposed financing : A company has an inventory period of 60 days, an accounts payable period of 30 days, and an accounts receivable period of 45 days. How long is the company's.
What amount should be recognized as loss on disposal : Arlene Company accounted for the noncurrent asset using the cost model. On October 30, 1010, the entity classified an equipment as held for sale.
What will be the role of information systems : What will be the role of information systems and information technology in the enterprise?
Who do you support in the given situation : Chester Davis is the owner of a large construction company. He went to a local foreclosure sale and purchased a car and two dump trucks for the lump sum price.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What are some of peculiar rules that relate to gain or loss

What are some of peculiar rules that relate to a gain or loss that is derived from the sale of property received by gift or by inheritance?

  Compute the percentage change in the two quality cost

Compute the percentage change in the two quality cost categories from 2002 to 2003. White a brief explanation of the pattern of change in the two categories

  Accounts payable are debts that must be paid off accured

accounts payable are debts that must be paid off. accured an accounting term for an expense that a business has

  Describe each transaction and the source of each posting

The debits and credits from two transactions are presented in the following customer account:

  What will be the double entry if customer cancelled order

What will be the double entry if customer cancelled order which already paid through credit card but order was damaged and delivered to the customer?

  Problem related to the multinational corporation expansion

Imagine that you are a senior business manager for a U.S.-based multinational company. You have been informed by your supervisor that your Company needs to consider expanding into a new international market to seek new opportunities.

  How much purchase returns and allowances were recorded

Angeles Co. purchased goods amounting to P1,717,000 on February 1, 2020. How much Purchase returns and allowances were recorded

  Discuss liquidation and available information suggests

The debt had increased to $30000 at the date of winding-up order

  What are the basic requirements to work for the irs

What are the basic requirements to work for the IRS at level GS-5 - what are the additional requirements for grade GS-7?

  How corporate leaders may make improper assumptions

ACC 564- Based on your research, assess how corporate leaders may make improper assumptions related to accounting information systems and the related information.

  Should the controller be concerned with cypress companys

cypress company is a subsidiary of peppermint corp. the controller of cypress believes that the yearly allowance for

  Which the entry to record the sale would include

Losses in a 3:2:1 ratio for Adam, Bert, and Collin, respectively. Noncash assets were sold for $60,000. The entry to record the sale would include

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd