Sharp Seal Computer Corp, a technology support company providing security for small businesses, reported these summarized figures (in milione) (Click the icon to view the income statement.) (Click the
Answers
Sharp Seal Computer Corp is a technology support company that provides security for small businesses. The firm reported the summarized figures (in millions) of its income statement as follows.
Sharp Seal Computer Corp Income Statement (in millions)
Operating revenue: $98.2
Cost of goods sold: $32.7
Gross profit: $65.5
Operating expenses: $45.8
Operating income: $19.7
Interest expense: $1.2
Pretax income: $18.5
Income tax expense: $6.3
Net income: $12.2
The income statement of Sharp Seal Computer Corp reveals that the company earned a total of $98.2 million in operating revenue in the year under consideration. Its cost of goods sold was $32.7 million, which left the firm with a gross profit of $65.5 million. Its operating expenses amounted to $45.8 million, leaving an operating income of $19.7 million.
The company incurred an interest expense of $1.2 million, which led to a pretax income of $18.5 million. However, after accounting for the income tax expense of $6.3 million, the net income of the company stood at $12.2 million.
From the income statement of Sharp Seal Computer Corp, it is evident that the company had a successful year in terms of revenue generation. Despite incurring some significant operating expenses, the company managed to make a considerable profit from its operations.
To know more about company visit:
https://brainly.com/question/30532251
#SPJ11
Related Questions
fill in the blank: _____ ads are designed to collect information like name and email address.
Answers
Lead generation ads are designed to collect information like name and email address. These ads specifically target potential customers and aim to gather their contact details for further marketing efforts. By collecting this information, businesses can build their email lists, foster customer relationships, and increase the likelihood of making a sale or securing a client.
These ads are strategically placed on social media platforms, search engines, and websites, ensuring they reach the right audience. Compelling ad copy and visuals are used to grab the attention of users and encourage them to submit their information. Often, a lead magnet, such as a free ebook, discount, or webinar, is offered in exchange for the user's contact details.
Lead generation ads play a crucial role in the sales funnel by connecting businesses with potential customers who have shown interest in their products or services. By obtaining names and email addresses, companies can send targeted email campaigns, share relevant content, and ultimately convert leads into loyal customers.
In summary, lead generation ads help businesses gather valuable contact information from potential customers. This data can be used to nurture leads and guide them through the buyer's journey, ultimately increasing the chances of making a sale or securing a client.
you know more about Lead generation pls visit-
https://brainly.com/question/29567352
#SPJ11
what is office proceducer and accouting
Answers
The administrative department handles management activities that affect the entire organization. The accounting department keeps the financial records of the business and prepares reports that help the business to make financial decisions.
Hope it helps...If demand increases and supply remains constant
Answers
Answer:
The product would sell for more
PLZ help I’m so tired!! SIS GOTTA GO SLEEP!!
which upset customer handling technique requires responding quickly and in a businesslike tone with abuse cursing and threats are present?
A. Let them talk
B. Resolve the problem
C. Identify the problem
D. Don’t tolerate abuse
Answers
Answer:
my answer is a.let them talk
Don’t tolerate abuse handling technique requires responding quickly and in a businesslike tone with abusive cursing and threats present.
Thus, option D is correct.
What is a customer handling technique?The customer handling technique allows representatives to summarise and reiterate the client's issue, listening intently to a company’s customers is a crucial customer service ability. The customer will feel as though their problem is addressed if you do this.
The customer handling technique will not allow anyone to say wrong words or bad words to another piece. There it is important that no one should they are allowed to abuse another being. Even if it is a customer then there should be respectfully told so.
Therefore, option D is the correct option.
Learn more about customer handling techniques, here:
https://brainly.com/question/28273291
#SPJ2
In several African countries where the rhinoceros was once a thriving species, the animal is now nearly extinct. In most of these nations, rhinoceros horns are used as traditional ingredients in certain medicines. Rhinoceros farming has been proposed as an alternative to the imposition of stiff penalties on people who are caught engaging in rhinoceros hunting. The imposition of stiff penaltiesA. reduces the supply of rhino horns.B. makes poaching more lucrative.C. increases the price of rhino horns.D. All of the above are correct.E. B & C only are correct.
Answers
Answer:
D. All of the above are correct
Explanation:
In many places, rhinoceros are illegal hunted down and their horns are illegal black market at a very high price. It is believed that the rhino horns have some medicinal value.
In the context, in several South African countries, the government have imposed heavy penalties on people who are caught in hunting of the rhinoceros. Thus this imposing of the penalties will increase the cost of the rhino horn in the black market, it will also makes the poaching business more lucrative as the demand on the horns and the cost of the hunters will be more. Penalties will also effect the supply of the rhino horns as many people will now stop poaching the rhinos. Thus the supply will decrease.
Therefore the correct option is (D).
What sum of money will grow to $2443.96 in nine years at 7.8% compounded semi-annually? The sum of money is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
Answers
We may use the compound interest calculation to get the amount that will increase to $2443.96 in nine years at a compound interest rate of 7.8% compounded semi-annually:
A = P(1 + r/n)nt
Where: A = the investment's future worth ($2443.96 in this case),
P stands for the primary (or initial payment).
r = the yearly interest rate (0.078 in decimal notation, or 7.8% annually).
(Semi-annually, thus 2) n is the number of compounding periods every year.
9 years are represented by the numeral t.
Let's figure out P.
2443.96 = P(1 + 0.078/2)^(2*9)
2443.96 = P(1.039)^18
P = 2443.96 / (1.039)^18
We calculate P to be $1221.82 (rounded to the nearest penny) using a calculator.
Consequently, the amount that will increase to $2443.96 in nine years at a 7.8% compounded growth rate
learn more about compound here :
https://brainly.com/question/14117795
#SPJ11
Progressive companies who want to attract and keep good employees are now offering their employees __________ benefits, such as on-site dry cleaning services, shoe repair, on-site medical care, and even free breakfasts.
Answers
Progressive companies who want to attract and retain good employees are now offering their employees various additional benefits to enhance their work experience and improve their work-life balance. These benefits include on-site dry cleaning services, shoe repair, on-site medical care, and even free breakfasts.
By providing on-site dry cleaning services, employees can conveniently have their clothes cleaned and pressed without needing to leave the office. This saves them time and allows them to focus more on their work. Similarly, offering shoe repair services ensures that employees can easily maintain their footwear, preventing any inconvenience caused by damaged or worn-out shoes.
On-site medical care is another valuable benefit that progressive companies are offering. It enables employees to access basic medical services without having to take time off work for doctor's appointments. This not only saves time but also promotes overall employee health and well-being.
Lastly, providing free breakfasts is a popular perk that not only saves employees money but also promotes a healthy start to their day. It encourages employees to have a nutritious meal before starting work, increasing their productivity and overall satisfaction.
These additional benefits demonstrate a company's commitment to employee welfare, convenience, and work-life balance. They contribute to attracting and retaining talented individuals who value such progressive and employee-centric initiatives.
Learn more about progressive companies
https://brainly.com/question/6328997
#SPJ11
What is debt??????????
Answers
Answer:
Debt is something, usually money, borrowed by one party from another. ... A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.
Answer:
Debt is an obligation that requires one party, the debtor, to pay money or other agreed-upon
Explanation:
beginning work-in-process is 6,400 units; 63,300 units completed, and ending work-in-process is 7,450 units, which are 100% complete for direct materials and 50% complete for conversion costs. the beginning wip inventory is 100% complete for direct materials and 50% complete for conversion.
Answers
The equivalent units of production for direct materials are 69,150, and for conversion costs are 65,925.The total equivalent units of production for direct materials are 69,150 (6,400 + 63,300), and for conversion costs, it is 65,925 (6,400 + 63,300 + 3,725).
Equivalent units of production are a measure used in process costing to account for partially completed units. In this scenario, we have three components to consider: beginning work-in-process (WIP), completed units, and ending WIP.
For direct materials, both the beginning WIP (6,400) and completed units (63,300) are fully processed, so they are counted as equivalent units.
For conversion costs, the beginning WIP (6,400) is 50% complete, so 50% of those units (3,200) are counted as equivalent units. The completed units (63,300) are fully processed. The ending WIP (7,450) is 50% complete, resulting in 3,725 equivalent units.
Learn more about direct materials here:
https://brainly.com/question/14002144
#SPJ11
explain the former assembly and meeting
Answers
Answer:
a company of persons gathered for deliberation and legislation, worship, or entertainment is known as formal assembly.
A meeting is a gathering of two or more people that has been convened for the purpose of achieving a common goal through verbal interaction, such as sharing information or reaching agreement.
Suraj, a tester of software solutions, is conducting a session on coding errors for his project.
He wants to present an analysis of issues from the last six months. He is standing beside the
projector screen and is using his laptop to move between the slides of this presentation.
What strategy should he use to ensure that his audience is engaged?
Ask questions occasionally, or
paraphrase questions and provide
answers.
Look for opportunities to walk towards
the audience.
B:
MAY
D:
| Request Learning Accommodations | Help | Cookie Preferences and Do Not Sell My Info
Make eye contact with audience
members as much as possible.
All of these.
Answers
He can also make eye contact with audience members as much as possible and look for opportunities to walk towards the audience. All of these strategies could be effective in keeping the audience's attention during his presentation. Option 3.
As Suraj, a tester of software solutions, conducts a session on coding errors for his project, he must ensure that his audience is engaged to the presentation.
To achieve that, the best strategy that he should use is to "Ask questions occasionally or paraphrase questions and provide answers."This strategy helps to maintain the audience's interest in the presentation and encourages their active participation.
When Suraj asks a question, the audience becomes more attentive, and when he paraphrases the questions and provides answers, the audience can confirm whether they understood what was presented. They may also contribute to the presentation if they have questions or concerns.
Another strategy that Suraj could use to keep his audience engaged is to make eye contact with the members as much as possible. It helps to build a connection between the speaker and the audience, and it also makes the presentation feel more personal.
However, Suraj must ensure that he doesn't maintain eye contact with one person for too long or avoid making eye contact with specific members of the audience.
Suraj may also look for opportunities to walk towards the audience, as it may make the audience more engaged, making them feel like they are part of the presentation.
By walking towards the audience, Suraj would show that he is passionate about the topic and demonstrate that he cares about the audience's engagement.In conclusion, Suraj should ask questions occasionally or paraphrase questions and provide answers to ensure that his audience is engaged. SO Option 3 is correct.
For more question on opportunities visit:
https://brainly.com/question/29887118
#SPJ8
A difference between project and continuous flow categories of process flow structures is which two of the following?
A. The size and bulk of the product
B. Discrete parts moving from workstation to workstation
C. Degree of equipment specialization
D. Being a "Virtual Factory"
E. Profit per unit
Answers
The other options, B. Discrete parts moving from workstation to workstation, D. Being a "Virtual Factory," and E. Profit per unit, do not specifically differentiate project and continuous flow structures.
The two differences between project and continuous flow categories of process flow structures are: A. The size and bulk of the product: Project flow structures typically involve large, complex, and unique products that are custom-made or tailored to specific customer requirements. Continuous flow structures, on the other hand, are characterized by standardized and repetitive production of smaller-sized products.
C. Degree of equipment specialization: Project flow structures often require specialized equipment and resources that are specifically designed or acquired for the unique requirements of the project. Continuous flow structures, on the other hand, involve more general-purpose equipment that can be used for a wide range of products or tasks.
Learn more about products here:
https://brainly.com/question/30173557
#SPJ11
The publisher of Celebrity Living claims that the mean sales for personality magazines that feature people such as Megan Fox or Jennifer Lawrence are 1.5 million copies per week. A sample of 10 comparable titles shows a mean weekly sales last week of 1.3 million copies with a standard deviation of 0.9 million copies.
Answers
Answer and Explanation:
The computation is shown below:
For determining each part first we have to do the following calculations
Critical value of t = 3.250
Null hypothesis = 1.5
Alternative hypothesis ≠ 1.5
Population mean \(\mu\) = 1.5
Sample mean \(\bar X\)= 1.30
Sample size \(n\) = 10.00
Sample standard deviation \(s\) = 0.900
Standard error of mean is
\(s_x = \frac{s}{\sqrt{n} }\)
\(= \frac{0.900}{\sqrt{10.00}}\)
= 0.2846
Test static is
\(t = \frac{x - \mu}{s_x}\)
\(= \frac{1.30 - 1.5}{0.2846}\)
= -0.703
a. The null hypothesis is
μ = 1.5
Alternate Hypothesis is
μ ≠ 1.5
b. reject \(H_o\) if t is not between
-3.250 and 3.250
c. The value of the test statistic is
t = -0.703
(as we have computed above)
d. fail to reject \(H_o\) as this data does not contradict the publisher claim
L A Moving to another question will save this response. Question 2 When organisations own a lot of the supply side or upstream activities, it has forward integration. TRUE FALSE A Moving to another question will save this response.
Answers
Organizations that own many of the supply-side or upstream activities will participate in forward integration. This statement is true.
Forward integration is a company strategy that involves developing and implementing processes or activities that are further upstream in the supply chain than the company's main operations. This implies that a company's upstream supply chain processes, such as manufacturing or production, are brought closer to the company's core operations through forward integration.When organizations own many of the supply-side or upstream activities, they tend to engage in forward integration. The benefits of forward integration are numerous, including reduced manufacturing and delivery times, lower costs, improved control over quality, and greater flexibility. Companies that use forward integration, for example, can collaborate more closely with suppliers, allowing for the sharing of information and technology. This is beneficial for both the organization and its suppliers.
Therefore, we can conclude that when organizations own a lot of the supply side or upstream activities, they have forward integration. This is an important strategy for companies that want to increase their control over their supply chains, reduce costs, and improve quality. By integrating forward, companies can develop closer relationships with their suppliers, which can lead to greater innovation and collaboration. This also benefits the company's suppliers by providing them with additional business and the opportunity to develop new products and services.
Learn more about supply chain visit:
brainly.com/question/28170153
#SPJ11
According to public choice economists, the federal government has expanded because
A. the federal government is efficient in its spending.
B. deficit spending has reduced the perceived cost of current government operations.
C. taxpayers pay the full cost of current government operations.
D. the public likes to pay higher taxes to finance more programs.
Answers
Economists believe that the federal government has expanded because B. deficit spending has reduced the perceived cost of current government operations.
What do economists think of the federal expenditure?They believe that because the government can finance more expenditure with debt, they have engaged in more expenses than they can actually afford.
This means that the government no longer views the cost of government operations as high because they can engage in deficit spending.
Find out more on deficit spending at https://brainly.com/question/1371898.
Paul owns a photography studio, and he has applied for a loan to
purchase a larger space so he can show his, and other local photographers’, work.
As part of the loan process, the bank reviews Paul’s credit history, which reveals that
Paul’s studio has been in operation for six months, Paul has an active loan on some
photography equipment for $8,000, Paul has a credit score of 650, and the studio
turns a decent profit. Given all this information, Paul’s loan is denied.
Determine which item from Paul’s credit history caused the denial.
Answers
Answer:
A credit score of 650 is slightly below average for the populace, coupled with the fact that the studio has been in operation for a short period of time and he has an outstanding loan of $8,000, is the reason he was rejected. It was the outstanding loan.
Explanation:
Hudson has to maintain confidential financial accounts in a workbook. He needs two team members to help him update data in the specified worksheet. He wants to prevent his team from deleting or updating the confidential data in certain cells. Which tab on the Format Cells dialog box will enable him to lock these cells?
A. Cell Pattern
B. Cell Protection
C. Cell Prevent
D. Cell Format
help LOLL
Answers
Answer:
option c
Explanation:
please follow me
Answer:
B
Explanation:
just took the test
Total revenue (TR) is:
A) The value of the firm's investment for the business to function
B) the value of a firm's profit per time period
C) a firm's sales revenue as a percentage of the industry's total revenue
D) the value of a firm's annual sales turnover over a specific period of time
Answers
Today's US banking system ensures that if everybody who has money on deposit in the banks
suddenly decides to take out their money all at once, all depositors can get their cash.
True or False
Answers
Answer:
False
Explanation:
Not all depositors will get their cash. The FED, which is the body that regulates commercial banks, requires the banks to keep only a small percentage of customers deposits in their custody. The percentage maintained in the banks is known as the reserve. The percentage of the reserves requirement varies with time.
If all depositors decide to withdraw at once, they can not get their money as only the reserve amount will be available in the banks. Commercial banks usually lend out the rest of the customers' deposits to make profits.
According to the statement it's False.
Who is depositors?Not all depositors will get their cash. The FED, which is that the body that regulates commercial banks, requires the banks to stay only a tiny low percentage of consumers deposits in their custody. the share maintained within the banks is thought because the reserve. the proportion of the reserves requirement varies with time.
If all depositors arrange to withdraw directly, they will not get their money as only the reserve amount are going to be available within the banks. Commercial banks usually lend out the remainder of the customers' deposits to form profits.
Find out more information about Depositors here:
https://brainly.com/question/16687040
I need help with the Helmes case would anyone kindly help me with the answer for this question.
How can planning ensure that Hermès continues to meet its delivery targets in the future and at times when there is bad weather or high peak-demand?
Answers
Receivables not expected to be collected should Multiple choice question. not be counted in assets of the company. always be counted in assets of the company. initially be included as assets and then be written off when the customer does not pay.
Answers
Receivables not expected to be collected should not be counted in assets of the company.
Accounts Not ReceivableFor bookkeeping purposes, When a company confirms that it is likely not to receive payment, it should be written off in the journal entries as a debit to allowance for doubtful accounts and then credited to accounts receivable.
Account Not Receivable or collected is regarded as bad debt expense.
Therefore Receivables not expected to be collected are not to be counted in assets of the company.
See more on Account not receivable here : https://brainly.com/question/15288906
Discuss any four ways in which Specialization has
improved the economic development of Nigeria
Answers
Answer:
Specialization has helped in these four ways:
1. Has created economics of scale in Nigeria, which improve economic efficiency and increase output while reducing average costs at the same time.
2. Has improved the agricultural sector, which continues to be very important for the Nigerian economy.
3. Has helped bring the electrification of the country.
4. Has helped raise the standard of living in the country, because in general terms, the larger the economy, the higher the standard of living.
In your own words, how do you apply for scholarships
Answers
describe your management experience , including a time you effectively resolved a difficult situation from a management capacity
Answers
Answer:
I managed workers of seven in the associate degree info Services department whose responsibilities enclosed delivering specifications and software package to internal purchasers. My role was that of PM or Project Manager, and my responsibilities enclosed one. guaranteeing every staffer was alert to their specific duties, 2. maintained the relevant timelines and ensured every team-member's deliverables arrived on time, 3. arranged, coordinated, and crystal rectifier conferences to debate current and approaching come, and 4. maintained knowledgeable and cozy social atmosphere for my workers.
One of the tougher problems I Janus-faced was after we employed a very bright developer whose my leader had W2'd in from the Asian nation. though he was very precocious in development of the cultural variations between his land and our mostly-female dev team quickly became telling. Sensing the growing hostility in my work cluster, and distinctive the problem, I quietly organized for the W2 worker to attend a cultural sensitivity coaching seminar (couching it as a necessary attend for all employees), and taking aside the pained parties and asking in a well-mannered way to figure with Maine on desegregation him. In the end, he came to a lot of embarrassed, apologized, and our team ran like mechanism thenceforth
rio business corporation pays potential clients, including private foreign companies and the representatives of foreign labor organizations to facilitate business. if rio knows that the payments will be passed on to a foreign government, this practice is
Answers
If Rio knows that the payments will be passed on to a foreign government, this practice is illegal if the payments violate the Foreign Corrupt Practices Act.
What is Foreign Corrupt Practices Act?International bribery and corruption are targets of the Foreign Corrupt Practices Act. Up until the 1970s, paying foreign officials to speed up legal procedures or win contracts was a widespread business practise. In some nations, businesses actually frequently deducted bribes from their tax liabilities as ordinary business expenses. But just because something is common doesn't make it good or moral.
Because they couldn't compete fairly in foreign markets where bribery was tolerated, American businesses gave the act strong support when it was passed in 1977. The FCPA's anti-bribery regime has helped level the playing field for American businesses abroad, as has the adoption of treaties like the OECD's, which required signatory nations to outlaw all financial crime.
Learn more about Foreign Corrupt Practices Act
https://brainly.com/question/15545243
#SPJ4
How is international employment different from foreign employment? Give your argument with examples.
Answers
Answer:
Foreign employment is working for a company that is based in another country and you usually only work in one country. International employment is working in multiple countries and often your own home country is one of them
What will be your major source of revenue If the site sells
products and services, the revenue stream is observable and is
considered "straight forward".
Answers
If the site sells products and services, the major source of revenue would be sales revenue. This revenue stream is observable and straightforward because it comes directly from the sales of products and services offered on the website.
The revenue generated by the website can be calculated by multiplying the number of products or services sold by their respective prices. For example, if the website sells 100 products for $50 each, the revenue generated would be $5,000.
Other potential sources of revenue for a website selling products and services could include advertising revenue (if the website displays ads from third-party advertisers), subscription revenue (if the website offers premium content or services for a fee), or affiliate revenue (if the website earns a commission by promoting and selling products from other companies).
See more about revenue stream at https://brainly.com/question/9419202.
#SPJ11
Selected transactions for Sophie’s Dog Care are as follows during the month of March. March 1 Paid monthly rent of $1,460. 3 Performed services for $170 on account. 5 Performed services for cash of $90. 8 Purchased equipment for $730. The company paid cash of $100 and the balance was on account. 12 Received cash from customers billed on March 3. 14 Paid wages to employees of $640. 22 Paid utilities of $88. 24 Borrowed $1,830 from Grafton State Bank by signing a note. 27 Paid $270 to repair service for plumbing repairs. 28 Paid balance amount owed from equipment purchase on March 8. 30 Paid $2,200 for six months of insurance. Journalize the transactions. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Answers
Answer:
March 1
Dr Rent expense $1460
Cr Cash $1460
March 3
Dr Accounts receivable $170
Cr Service revenue $170
March 5
Dr Cash $90
Cr Service revenue $90
March 8
Dr Equipment $730
Dr Cash $100
Cr Accounts payable (730-100) $630
March 12
Dr Cash $170
Accounts receivable $170
March 14
Dr Salaries and wages expense $640
Cr Cash $640
March 22
Dr Utilities expense $88
Cr Cash $88
March 24
Dr Cash $1830
Cr Notes payable $1830
March 27
Dr Maintenance and repairs expense $270
Cr Cash $270
March 28 Accounts payable $630
Cash $630
March 30
Dr Prepaid insurance $2200
Cr Cash $2200
Explanation:
Preparation of Journal entries
March 1
Dr Rent expense $1460
Cr Cash $1460
(To record rent expense paid)
March 3
Dr Accounts receivable $170
Cr Service revenue $170
(To record services performed on account)
March 5
Dr Cash $90
Cr Service revenue $90
(To record services performed for cash)
March 8
Dr Equipment $730
Dr Cash $100
Cr Accounts payable (730-100) $630
(To record equipment purchased)
March 12
Dr Cash $170
Accounts receivable $170
(To record cash received from customers)
March 14
Dr Salaries and wages expense $640
Cr Cash $640
(To record wages paid to employees)
March 22
Dr Utilities expense $88
Cr Cash $88
(To record utilities expense paid)
March 24
Dr Cash $1830
Cr Notes payable $1830
(To record cash borrowed by signing a note)
March 27
Dr Maintenance and repairs expense $270
Cr Cash $270
(To record cash paid for repairs)
March 28 Accounts payable $630
Cash $630
(730-100)
(To record cash paid to accounts payable)
March 30
Dr Prepaid insurance $2200
Cr Cash $2200
(To record prepaid insurance paid)
Aunt Petra has deposited $33,000 today into an account that will earn 10 percent per year. She plans to leave the funds in this account for seven years earning interest. If the purpose of this deposit is to cover a future obligation of $65,000, what recommendation would you make to Aunt Petra? Is this investment right for you, yes or no? explain.
Answers
I would recommend Aunt Petra to carefully evaluate her financial needs and consider whether she needs to increase her initial deposit or explore other investment options to ensure she has sufficient funds to cover her future obligation comfortably.
It may be prudent to seek professional financial advice to make an informed decision based on her specific circumstances and risk tolerance.
To determine whether the investment is suitable for Aunt Petra, we need to consider if the accumulated amount after seven years will be sufficient to cover her future obligation of $65,000.
Initial deposit: $33,000
Interest rate: 10% per year
Time period: 7 years
Future obligation: $65,000
We can calculate the future value of Aunt Petra's investment after seven years using the formula:
Future Value =\(Principal * (1 + interest rate)^n\)
Future Value = \($33,000 * (1 + 0.10)^7\)
Future Value = \($33,000 * 1.10^7\)
Future Value ≈ $65,563.40
The accumulated amount after seven years is approximately $65,563.40.
Since this amount is slightly higher than the future obligation of $65,000, it appears that Aunt Petra's investment will be able to cover her future obligation. However, it's important to note that the margin is relatively small, and any unforeseen expenses or changes in circumstances could affect the adequacy of the funds.
To know more about investment refer to-
https://brainly.com/question/15105766
#SPJ11
Name 4 things you can buy insurance for?
Answers
Answer:
Weather, Car, house, and appliances.
Explanation:
Its simple
Home Insurance.
Life Insurance.
Disability Insurance.
Health Insurance.