User Account

All Pages

What is the balance in the fund at the end of five years

Assignment Help Accounting Basics
Reference no: EM132823310

Red Company invested $10,000 in a fund that was earning interest at a rate of 2.00% compounded semi-annually. After 2 years and 9 months, the company transferred these funds to another investment that was earning interest at 3.50% compounded monthly.

Problem a. What is the balance in the fund at the end of 2 years and 9 months?

Problem b. What is the balance in the fund at the end of 5 years (from the initial investment)?

Problem c. By what amount did the fund grow during the 5 year period?

Reference no: EM132823310

Questions Cloud

Prepare the journal entries to record the debt settlement : Spendlove agrees to accept land in full settlement. Prepare the journal entries to record the debt settlement on the books of Yenor
What should the management team do : The management team fears that customers will stop visiting the branch if they know about a threat. Earlier today, an incident occurred that threatened violence
Identify which clients struggle with chemical addiction : For this Discussion, review the media program in this week's Resources and identify which clients struggle with chemical addiction and which clients struggle.
How much should deposit today in an investment fund : If you want to have $11,500.00 in 5 years and 9 months, how much should you deposit today in an investment fund that is earning interest
What is the balance in the fund at the end of five years : What is the balance in the fund at the end of 5 years (from the initial investment)? What is the balance in the fund at the end of 2 years and 9 months?
Describe ways to develop professionally in the field : Imagine that the mental health and wellness agency you work at is hiring and you have been asked by leadership to present about the knowledge and skills.
Play a role in process : A financial system consists of both financial institutions and financial markets. Financial markets bring the "key players" together and their funds.
Which is the most costly option in terms of impact : Which is the most costly option in terms of impact on other parts of the organization, not in terms of absolute dollars? Which is the least costly
Do the requirements mention ce requirements acquired online : Do the requirements mention CE requirements acquired online? What are the guidelines? Do you feel the guidelines are adequate or should they be modified?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Determine the issue price

Conner Enterprises issued $150,000 of 10%, 5-year bonds with interest payable semiannually. Determine the issue price

  Calculate the net cash provided by operating activities

October Corporation reported net income of $46,000 in 2012. Depreciation expense was $17,000 and unrealized holding losses on temporary investments (FV-NI) were $3,000. The following accounts changed as indicated in 2012:

  Cumulative effects:

Merle Company has operated for several years and always shows two years of financial statements for users to make better conclusions about trends.  In Year 20, the firm changed one of its accounting methods.  The change was from a GAAP method to a..

  The rogers leasing company signed an agreement to lease an

the rogers leasing company signed an agreement to lease an asset that has a fair value of 800000 on december 312010.

  Piece of information related to the transaction

Give one additional piece of information related to the transaction that could be recorded in an information system for a purpose other than the financial statements.

  How percentage return will be earned by the customer

How percentage return will be earned by the customer if they make the payment within the discount period

  Case of internal controls in x company and ms smith

On a warm summer day in early July 2011, Ms. Smith of the executive team of X Company sat in her office preparing a request form for routine travel expense reimbursement. She attached documentation in support of the cost of the air travel portion ..

  What is the correct amount of cost of goods available

If the correct ending inventory is $200,000 and the cost of goods sold before adjustments is $5,000,000, what is the correct amount of cost of goods available

  Prepare the journal entries to record the interest revenue

On January 1, 2017, Teal Company purchased 12% bonds, having a maturity value of $325,000, Prepare the journal entries to record the interest revenue

  Determine what the cendant corporations income

Cendant Corporation's results for the year ended, Determine what the Cendant Corporation's income from continuing operations before income taxes for 2018 is?

  Captain johnny issued 4 10 year bonds payable at 85 on

captain johnny issued 4 10 year bonds payable at 85 on december 31 2010. at december 31 2012 captain johnny reported

  Give examples of how your two selected components of

internal controls are required to safeguard assets and to ensure ethical business practices. 1 identify and explain the

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