An A&E firm planning for a future expansion deposited $40,000 each year for 5 years into a
Question:
An A&E firm planning for a future expansion deposited $40,000 each year for 5 years into a sinking (investment) fund that was to pay an unknown rate of return. If the account had a total of $451,000 immediately after the fifth deposit, what rate of return did the company make on these deposits?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
F AFAi5 451000 40000FAi5 ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
E. F. Lynch Company is a diversified investment company with three operating divisions organized as investment centers. Condensed data taken from the records of the three divisions for the year ended...
-
1. What historic and economic factors do you think might have contributed to the growth and expansion of the accounting industry, and Seidmans firm, from the early 20th century to today? 2. What...
-
Each of the following situations involves a possible violation of the AICPAs Code of Professional Conduct, Rule 101. Indicate whether each situation violates the Code. If it violates the Code,...
-
How can adults continue to function relatively normally after surgery to remove the thymus, tonsils, spleen, or lymph nodes?
-
The block and tackle shown are used to lower a 150-lb load. Each of the 3-in.- diameter pulleys rotates on a 0.5-in.-diameter axle. Knowing that the coefficient of static friction is 0.20, determine...
-
Current assets for London Corporation totaled $410,000 and the current ratio was 2.0. Assume that the following transactions were completed: (1) Sold $11,000 in merchandise on short-term credit, (2)...
-
What are the advantages to making a CCP 998 offer?
-
Following is a list of advantages and disadvantages of the corporate form of business. 1. Ownership and management are separated. 2. Has continuous life. 3. Transfer of ownership is easy. 4....
-
On the left is the graph of the function f(x). On the right, graph f(x) using the correct tool. Take the time to be as accurate as possible so the problem grades correctly! 9 8 7 6 5 4 3 9 8 7 6 5 3...
-
Callen Inc. has accumulated minimum tax credits of $1.3 million from tax years prior to 2018. The following are Callens regular tax before credits for 2018 through 2021. Complete the following table...
-
Your grandmother deposited $10,000 in an investment account on the day you were born to help pay the tuition when you go to college. If the account was worth $50,000 seventeen years after she made...
-
What are benefits of dashboards
-
Which of the statements regarding Monte Carlo simulation is correct? A. Only Statement 4 is correct. B. Only Statement 5 is correct. C. Both Statement 4 and Statement 5 are correct. Meredith Alvarez...
-
Explain how the income of each type of business entity is taxed, specifying whether the entity, the owner, or both, are taxed. Analyze the advantages and disadvantages of each entity in this context....
-
Cullumber Marine Corporation s unadjusted trial balance includes the following balances ( assume normal balances ) : Accounts receivable $ 1 8 4 0 0 0 0 Allowance for doubtful accounts $ 3 3 7 0 0...
-
In C Program,electronics, voltage drop is the decrease of electric potential along the path of a current flowingin a circuit. Voltage drops in the internal resistance of the source, across...
-
Consider a monoatomic gas at STP whose N particles are confined to move only over a 2D square (rather than a 3D cube). The spectrum of these particles are given by = 2ma ;(n /2 + n) where m is the...
-
3) Equity Investment transactions (4 marks) Riley Holdings, a public company, purchased the following investments on September 1, 2024: 8,000 common shares of Jasper Public Co., which trade on the...
-
Many power stations get rid of their waste heat by using it to boil water and allowing the resulting steam to escape into the atmosphere via a cooling tower. How much water would a power station need...
-
Describe a job you have had in the past or a job you are very familiar with. Indicate the negative aspects of the job and how it could be improved with current human resource management techniques.
-
Fort Bliss, a U.S. Army military base, contributed $3.3 million of the $87 million capital cost for a desalting plant constructed and operated by El Paso Water Utilities (EPWU). In return, EPWU...
-
Beginning in 2011, city hall, administrative offices, and municipal courts in the city of El Paso, Texas, will go on a 10 hour/day, 4-day workweek from the beginning of May through the end of...
-
In October 2009, Wal-Mart started selling caskets on its website that undercut many funeral homes. Prices ranged from $999 for steel models such as Dad Remembered to $3199 for the Sienna Bronze...
-
Write a program to print below pattern? 24 4 6 8 10 12 14 16 18 20
-
An electronics company can use its resources to produces either digital cameras or cellular phones. It costs $87 to produce each camera and $58 to produce each phone. In the current market it will be...
-
Implement the logic function F = w'xy+wx+wxy' with the following component constraints: (a) Use one 4-to-1 multiplexer and one invertor. (b) Use one 2-to-1 multiplexer and one 2-inputs XOR gate.
Study smarter with the SolutionInn App