How much will bill need to save for one-years tuition

Assignment Help Accounting Basics
Reference no: EM133027747

Question - Bill wants to attend a college with a current tuition of $10,000 a year. He will graduate from high school in five years. Roughly how much will Bill need to save for one-year's tuition to account for an annual rate of inflation of 3%?

A. $638.30

B. $667.50

C. $656.50

D. $633.30

Reference no: EM133027747

Questions Cloud

What is the net asset value per share : DEC Mutual fund charges a 4% front-end load. Currently, the fund's shares have an offering price of $78.50. What is the net asset value per share
Prepare the journal entries to correct the errors : The total of one page of the sales day book had been carried forward as RM9,154; Prepare the journal entries to correct the above errors
Estimate the cost to the company of the employee : The 5-year risk-free rate is 5%, and the company does not pay dividends. Estimate the cost to the company of the employee stock option issue
Are there additional licenses or certifications you may need : Are there additional licenses or certifications you may need? How can you make sure you are following all of the necessary rules
How much will bill need to save for one-years tuition : He will graduate from high school in five years. Roughly how much will Bill need to save for one-year's tuition to account for an annual rate of inflation of 3%
Explain the term off balance sheet financing : Question - Explain the term "off balance sheet financing" and why it is considered to be problematic. Provide a clear example of how this might occur
Prepare any necessary journal entries : For each date, prepare any necessary journal entries, if required. The market price on the date of declaration was $30 per share
Prepare an amortization table for the five-year notes : With proper format and headings, prepare an amortization table for the above-mentioned five-year notes from the inception day to June 30, 2021
How much will you have in seven years : An investment pays 12% per year and you find it a good investment opportunity. So, you invest $400. How much will you have in seven years

Reviews

Write a Review

Accounting Basics Questions & Answers

  The following information applies to water springs which

the following information applies to water springswhich supplies landscaping waterfalls.water springs purchases the

  Find the ending inventory and cost of goods sold

In July, Unique Jewels Company purchased the following items: Date Purchased # Rings Cost per ring Jul. Find the ending inventory and cost of goods sold

  The reyes loaned their daughter rachael 25000 so that she

the reyes loaned their daughter rachael 25000 so that she could open up her own business. the terms of the loan require

  Accounting for computer software costs during 2010

At what amount should the computer software costs be reported in the December 31, 2011, balance sheet? Could the net realizable value of this asset affect your answer?

  Calculate the base-case cash flow and npv

Calculate the base-case cash flow and NPV. Interpret your findings. A firm is evaluating a project that costs RM125,000, has a six-year life and has a salvage

  What are the relevant tax issues for Allen

Allen visits Reno, Nevada, once a year to gamble. This year his gambling loss was $25,000. What are the relevant tax issues for Allen

  Discuss the company no longer uses in its own operations

The company has a $100,000 payroll each week and employees have a 5 day work week. December 31 is on a Thursday.

  Prepare flexible budgets for the company at sales volumes

Pebco Company's 2011 master budget included the following fixed budget report. It is based on an expected production and sales volume of 20,000 units.

  How much president increase this year advertising expense

The president does not want to change the selling price. Instead, he wants to increase the sales commission by $2.30 per unit. He thinks that this move.

  Identify some arguments against providing earnings

Olga Conrad, a financial writer, noted recently, "There are substantial arguments for including earnings projections in annual reports and the like.

  Calculate the cost recorded for the machine

On March 1, Bartholomew Company purchased a new stamping machine with a list price of $72,000. The cost recorded for the machine was

  Find what amount dole report as total accounts payable

Goods shipped f.o.b. destination on December 20, 2020, At December 31, 2020, what amount should Dole report as total accounts payable?

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!

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