User Account

All Pages

How much money must be deposited to the fund

Assignment Help Accounting Basics
Reference no: EM133124984

Question - A small company wishes to set up a fund that can be used for technology purchases over the next 6 years. Their forecast is for $25,000 to be needed at the end of year 1, decreasing by $2,000 each year thereafter. The fund earns 10% per year. How much money must be deposited to the fund at the end of year 0 to just deplete the fund after the last withdrawal?

Reference no: EM133124984

Questions Cloud

Identify the rooms that contain chests riddles : Identify the rooms that contain chests riddles that are unsolvable, you remove those from the game and request the level designers to craft new riddles
Determine the double-declining-balance rate : A building acquired at the beginning of the year at a cost of $74,000 has an estimated residual value of $5,200. Determine the double-declining-balance rate
Prepare the j-e to record the purchase of the call option : On Jan. 2, 2018, Jones Co. purchases a call option for $300 on Merchant c/s. Prepare the J-E to record the purchase of the call option
What is the adjusting journal entry to be made at the end : At the end of the year the company determined that only $750 of supplies are still on hand. What is the adjusting journal entry to be made at the end
How much money must be deposited to the fund : The fund earns 10% per year. How much money must be deposited to the fund at the end of year 0 to just deplete the fund after the last withdrawal
Expenditures in the suburbs : In the Persky-Haydar paper, the authors claim that even though the Federal government spends more on cities than on suburbs, the expenditures in the suburbs are
How much money should be in the account : Sara Beth made annual deposits of $8,000 in an account that paid 5% compounded annually. How much money should be in the account
What is called policy mix in keynesian economics : What is called "policy mix" in Keynesian economics?
Describes an argument the executives made : Which of the following best describes an argument the executives made to support their decision and the cognitive bias that is tied to it

Reviews

Write a Review

Accounting Basics Questions & Answers

  Solve for the current cost of capital of cbpg

Solve for the current cost of capital of CBPG. Discuss the tax shield advantage that debt capital provides, and briefly explain the cost of capital and WACC

  What is the unit product cost for the month

Khanam Corporation, which has only one product, What is the unit product cost for the month under absorption costing

  Discuss the accounting treatment of pensions

Discuss the accounting treatment of pensions. Why do you think there is a difference in the capital register versus operating leases

  The atgar corporation records all purchases and the

the atgar corporation records all purchases and the corresponding liabilities net of cash discounts. whenever it pays

  How do prepare the necessary adjusting entries at december

Prepare the necessary adjusting entries at December 31, 2014. The accounting period is the calendar year. This is the company's first year of operations.

  Determine the number of shares

Breanna Inc. also issued $600,000 of 20-year, 8% convertible bonds at par on July 1, 2020. Determine the number of shares

  Determine whether the company should sell sailboat hulls

Determine whether the company should sell sailboat hulls or process them further into complete sailboats. Assume sales volume will not be affected

  What is the account balance

A certificate of deposit has $10,000.00 and the bank pays 2.89% interest compounded monthly. After 5 years, what is the account balance

  What are the primary obstacles

What are the primary obstacles that you might face trying to implement each of your three options? Carefully examine each of your three options

  The charter of a corporation provides for the issuance of

the charter of a corporation provides for the issuance of 100000 shares of common stock. assume that 45000 shares were

  Calculations for the adjusting entry

Company received $24,000 Jan 1 for memberships for the year. Individual memberships are $240 per person, for the year.

  Determine the number of current ratio as of December

Use this information to determine the number of current ratio as of December 31, 2018: Cash 27,000 $24,000 and Inventory 46,000 48,000

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